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Prolife Industries IPO is a fixed price issue of ₹4.22 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹4.22 crore.
Prolife Industries IPO bidding started from Dec 27, 2016 and ended on Dec 30, 2016. The shares got listed on NSE SME on Jan 9, 2017.
Prolife Industries IPO price is ₹38.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,28,000.
Swastika Investmart Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Prolife Industries IPO RHP for detailed Information.
| IPO Date | December 27, 2016 to December 30, 2016 |
| Listing Date | January 9, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,10,000 shares (aggregating up to ₹4.22 Cr) |
| Reserved for Market Maker | 60,000 shares Beeline Broking Ltd. (aggregating up to ₹0.2280 Cr) |
| Net Offered to Public | 10,50,000 shares (aggregating up to ₹3.99 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 29,84,080 shares |
| Share Holding Post Issue | 40,94,080 shares |
Prolife Industries IPO offers total 11,10,000 shares. Out of which 5,25,000 (47.30%) allocated to NII, 5,25,000 (47.30%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 60,000 (5.41%) |
| NII (HNI) Shares Offered | 5,25,000 (47.30%) |
| Retail Shares Offered | 5,25,000 (47.30%) |
| Total Shares Offered | 11,10,000 (100.00%) |
Prolife Industries IPO opens on December 27, 2016, and closes on December 30, 2016.
| IPO Open Date | Tue, Dec 27, 2016 |
| IPO Close Date | Fri, Dec 30, 2016 |
| Tentative Listing Date | Mon, Jan 9, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 30, 2016 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
Prolife Industries Ltd (PIL) is engaged in the business of manufacturing special and exclusive range of intermediates for dyes, pigments, pharmaceuticals, agrochemicals and others. The company originally founded in the year 1994 in the name of Mamta Dyes & Intermediates Private Ltd and has been in this Industry from the very inception. Company has established even its own Research & Development Department within few years of incorporation of the company. It has already succeeded in developing very high quality Specialty Chemicals as result of thorough knowledge and R & D efforts. The company has established its presence in domestic as well export market and are regularly catering to the needs of their customers in many countries including U.S.A, Spain, Switzerland, Germany, France, Taiwan, Japan, Germany, Brazil etc.
The Company Prolife Industries 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 | Expansion of the existing manufacturing operations | 4.07 |
| 2 | General Corporate Purpose | 1.00 |
| 3 | Public Issue Expenses | 0.35 |
[Dilip Davda] Only Risk aver cash surplus investors may consider long term investment. Read detail review...
| Listing Date | January 9, 2017 |
| BSE Script Code | |
| NSE Symbol | PROLIFE |
| ISIN | INE994V01012 |
| Final Issue Price | ₹38 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹42.00 |
| Low | ₹35.50 |
| High | ₹42.00 |
| Last Trade | ₹37.10 |
Prolife Industries Ltd.
213, G.I.D.C.,
Panoli
Ankleshwar, Gujarat, 394116
Phone: +91-2646-272490
Email: info@prolifeindustries.in
Website: http://www.prolifeindustries.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Prolife Industries IPO is a SME IPO of 11,10,000 equity shares of the face value of ₹10 aggregating up to ₹4.22 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on December 27, 2016, and closes on December 30, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Prolife Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Prolife Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prolife Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prolife Industries IPO opens on December 27, 2016 and closes on December 30, 2016.
Prolife Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,14,000.
You can apply in Prolife Industries 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 Prolife Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prolife Industries IPO allotment status.
The Prolife Industries IPO listing date is on Monday, January 9, 2017.
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