Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Shree Ganesh Remedies IPO is a fixed price issue of ₹8.55 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹8.55 crore.
Shree Ganesh Remedies IPO bidding started from Sep 28, 2017 and ended on Oct 5, 2017. The allotment for Shree Ganesh Remedies IPO was finalized on Oct 10, 2017. The shares got listed on BSE SME on Oct 13, 2017.
Shree Ganesh Remedies IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Shree Ganesh Remedies IPO RHP for detailed Information.
| IPO Date | September 28, 2017 to October 5, 2017 |
| Listing Date | October 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,76,000 shares (aggregating up to ₹8.55 Cr) |
| Reserved for Market Maker | 1,26,000 shares (aggregating up to ₹0.4536 Cr) |
| Net Offered to Public | 22,50,000 shares (aggregating up to ₹8.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 65,95,356 shares |
| Share Holding Post Issue | 89,71,356 shares |
Shree Ganesh Remedies IPO offers total 23,76,000 shares. Out of which 11,25,000 (47.35%) allocated to NII, 11,25,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,26,000 (5.30%) |
| NII (HNI) Shares Offered | 11,25,000 (47.35%) |
| Retail Shares Offered | 11,25,000 (47.35%) |
| Total Shares Offered | 23,76,000 (100.00%) |
Shree Ganesh Remedies IPO opens on September 28, 2017, and closes on October 5, 2017.
| IPO Open Date | Thu, Sep 28, 2017 |
| IPO Close Date | Thu, Oct 5, 2017 |
| Tentative Allotment | Tue, Oct 10, 2017 |
| Initiation of Refunds | Wed, Oct 11, 2017 |
| Credit of Shares to Demat | Thu, Oct 12, 2017 |
| Tentative Listing Date | Fri, Oct 13, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2017 |
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 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 1995, Shree Ganesh Remedies Ltd is Ankleshwar, Gujarat based engaged in manufacturing and dispatch of drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry. Company manufacture products relating to antipsychotic, antiseptic, deprotonation reactions, hyperlipidemia, alzheimers and anti-viral.
The Products are manufactured for export market and also for domestic and foreign markets. Company’s manufacturing facility is divided into three manufacturing plants namely Plant I, II and III spread across 9715 Square meters having different product manufacturing capabilities and process.
The Company Shree Ganesh Remedies 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 | Setting up a new Choloro Compound derivatives manufacturing plant with a proposed capacity of 200 MTPA at Ankleshwar GIDC Gujarat | 8.56 |
| 2 | General Corporate Purposes | 1.12 |
[Dilip Davda] Inconsistency in performance is a major concern. However, cash surplus investors may consider investment for long term. (Subscribe) Read detail review...
| Listing Date | October 13, 2017 |
| BSE Script Code | 540737 |
| NSE Symbol | |
| ISIN | INE414Y01015 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹40.00 |
| Low | ₹29.75 |
| High | ₹40.00 |
| Last Trade | ₹33.00 |
Shree Ganesh Remedies Ltd.
Plot no.,
6011,
G.I.D.C,
Ankleshwar, Gujarat, 393002
Phone: 02646 227777
Email: investors@ganeshremedies.com
Website: http://www.ganeshremedies.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shree Ganesh Remedies IPO is a SME IPO of 23,76,000 equity shares of the face value of ₹10 aggregating up to ₹8.55 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on September 28, 2017, and closes on October 5, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shree Ganesh Remedies IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Ganesh Remedies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Ganesh Remedies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Ganesh Remedies IPO opens on September 28, 2017 and closes on October 5, 2017.
Shree Ganesh Remedies IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Shree Ganesh Remedies 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 Shree Ganesh Remedies IPO will be done on Tuesday, October 10, 2017, and the allotted shares will be credited to your demat account by Thursday, October 12, 2017. Check the Shree Ganesh Remedies IPO allotment status.
The Shree Ganesh Remedies IPO listing date is on Friday, October 13, 2017.
Useful Articles
RHP