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Bajaj Healthcare IPO is a fixed price issue of ₹30.90 crores. The issue is a combination of fresh issue of 0.01 crore shares aggregating to ₹2.54 crores and offer for sale of 0.17 crore shares aggregating to ₹28.36 crores.
Bajaj Healthcare IPO bidding started from Apr 27, 2016 and ended on May 2, 2016. The shares got listed on BSE SME on May 10, 2016.
Bajaj Healthcare IPO price is ₹170.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,72,000.
Aryaman Financial Services Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Bajaj Healthcare IPO RHP for detailed Information.
| IPO Date | April 27, 2016 to May 2, 2016 |
| Listing Date | May 10, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹170 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 18,17,600 shares (aggregating up to ₹30.90 Cr) |
| Reserved for Market Maker | 91,200 shares Aryaman Capital Markets Ltd. (aggregating up to ₹1.55 Cr) |
| Fresh Issue (Ex Market Maker) | 58,400 shares (aggregating up to ₹0.9928 Cr) |
| Offer for Sale | 16,68,000 shares of ₹10 (aggregating up to ₹28.36 Cr) |
| Net Offered to Public | 17,26,400 shares (aggregating up to ₹29.35 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 67,50,000 shares |
| Share Holding Post Issue | 68,99,600 shares |
Bajaj Healthcare IPO offers total 18,17,600 shares. Out of which 8,63,200 (47.49%) allocated to NII, 8,63,200 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 91,200 (5.02%) |
| NII (HNI) Shares Offered | 8,63,200 (47.49%) |
| Retail Shares Offered | 8,63,200 (47.49%) |
| Total Shares Offered | 18,17,600 (100.00%) |
Bajaj Healthcare IPO opens on April 27, 2016, and closes on May 2, 2016.
| IPO Open Date | Wed, Apr 27, 2016 |
| IPO Close Date | Mon, May 2, 2016 |
| Tentative Listing Date | Tue, May 10, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 2, 2016 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,36,000 |
| Retail (Max) | 1 | 800 | ₹1,36,000 |
| HNI (Min) | 2 | 1,600 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1993, Bajaj Healthcare Ltd is a pharmaceutical company with manufacturing and marketing capabilities in Active Pharmaceutical Ingredients (APIs), Intermediates and Finished Dosage Formulations (FDFs) with focus on Vitamins, Amino Acids, Anti-Convulsants and Finished Dosage Forms (FDFs).
Currently they operate five (5) manufacturing units. Company's present product portfolio consists of various APIs in the therapeutic categories of Neutraceutical (Amino Acids), Vitamins, Anti-Convulsants, Bactericidal & Bacteriostatic, Diuretic & Vasodilator, Mineral& Nutritional supplements, Bronchodilater / Anti-asthmatic and Nootropics. Their Formulations unit manufactures tablets, capsules and sachets for their own brands as well as under Loan License (job work) for other pharmaceutical companies. Currently, they manufacture formulations for GlaxoSmithKline Pharmaceuticals Limited (GSK) and USV Limited (USV) on a Loan License basis.
Bajaj Healthcare supply their APIs and FDFs both domestically and exporting to various countries in regions like, Europe, USA, Australia, Africa, South America, etc.
The Company Bajaj Healthcare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of loans | 2.12 |
| 2 | Expenditure for General Corporate Purposes | 0.30 |
[Dilip Davda] <p><strong>Risk savvy investors having surplus funds may consider investment for long term. </strong></p> Read detail review...
| Listing Date | May 10, 2016 |
| BSE Script Code | 539872 |
| NSE Symbol | |
| ISIN | INE411U01019 |
| Final Issue Price | ₹170 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹170.00 |
| Open | ₹170.00 |
| Low | ₹170.00 |
| High | ₹173.00 |
| Last Trade | ₹171.50 |
Bajaj Healthcare Ltd.
N 216 MIDC,
Tarapur,
Boisar
Mumbai, Maharashtra, 401506
Phone: 91-2525-655208/655209
Email: investors@bajajhealth.com
Website: http://www.bajajhealth.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: shareindia@vsnl.com
Website:
Bajaj Healthcare IPO is a SME IPO of 18,17,600 equity shares of the face value of ₹10 aggregating up to ₹30.90 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800.
The IPO opens on April 27, 2016, and closes on May 2, 2016.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bajaj Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Bajaj Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bajaj Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bajaj Healthcare IPO opens on April 27, 2016 and closes on May 2, 2016.
Bajaj Healthcare IPO lot size is 800, and the minimum amount required for application is ₹1,36,000.
You can apply in Bajaj Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bajaj Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bajaj Healthcare IPO allotment status.
The Bajaj Healthcare IPO listing date is on Tuesday, May 10, 2016.
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