Fixed Price IPO | ₹31 Cr | Listed at BSE SME | Wed, Apr 27, 2016 - Mon, May 2, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Apr 27, 2016
IPO Close
Mon, May 2, 2016
Issue Price
₹170 per share
Market Cap (Pre-IPO)
₹117.29 Cr
| IPO Date | 27 Apr to 2 May, 2016 |
| Listed on | Tue, May 10, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹170 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,17,600 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 91,200 shares Aryaman Capital Markets Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 58,400 shares (agg. up to ₹0.9928 Cr) |
| Offer for Sale | 16,68,000 shares of ₹10 (agg. up to ₹28 Cr) |
| Net Offered to Public | 17,26,400 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 67,50,000 shares |
| Share Holding Post Issue | 68,99,600 shares |
| BSE Script Code | 539872 |
| ISIN | INE411U01019 |
Bajaj Healthcare IPO comprises a total issue size of 18,17,600 shares. The net offer to the public is 17,26,400 shares, after excluding 91,200 shares allotted on a firm basis. Of the Net offer 8,63,200 (50.00%) allocated to NII 8,63,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,63,200 | 50.00% | 47.49% |
| Retail Shares Offered | 8,63,200 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 91,200 | 5.02% | |
| Total Shares Offered | 18,17,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of loans | 2.12 |
| 2 | Expenditure for General Corporate Purposes | 0.30 |
| KPI | |
|---|---|
| RoNW | 20% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.47% | 67.26% |
| Market Cap | ₹117.29 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.49 |
| 2 | Brokerage and selling commission | 0.08 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 4 | Advertisement and Marketing Expenses | 0.03 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹170.00 |
| Open | ₹170.00 |
| Low | ₹170.00 |
| High | ₹173.00 |
| Last Trade | ₹171.50 |
Lead Manager Reports
Bajaj Healthcare IPO is a SME IPO of 18,17,600 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800.
The IPO opens on Wed, Apr 27, 2016, and closes on Mon, 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 Wed, Apr 27, 2016 and closes on Mon, 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 Tue, May 10, 2016.
