Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Thu, Sep 28, 2017 - Thu, Oct 5, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 28, 2017
IPO Close
Thu, Oct 5, 2017
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹32.30 Cr
| IPO Date | 28 Sep to 5 Oct, 2017 |
| Listed on | Fri, Oct 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,76,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,26,000 shares (agg. up to ₹0.4536 Cr) |
| Fresh Issue (Ex Market Maker) | 22,50,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 22,50,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 65,95,356 shares |
| Share Holding Post Issue | 89,71,356 shares |
| BSE Script Code | 540737 |
| ISIN | INE414Y01015 |
Shree Ganesh Remedies IPO comprises a total issue size of 23,76,000 shares. The net offer to the public is 22,50,000 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 11,25,000 (50.00%) allocated to NII 11,25,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,25,000 | 50.00% | 47.35% |
| Retail Shares Offered | 11,25,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,26,000 | 5.30% | |
| Total Shares Offered | 23,76,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Shree Ganesh Remedies IPO is subscribed [.] times on October 5, 2017 5:00:00 PM (Day 5). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.27 |
| 2 | Regulatory fees and expenses | 0.16 |
| 3 | Marketing and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹40.00 |
| Low | ₹29.75 |
| High | ₹40.00 |
| Last Trade | ₹33.00 |
Lead Manager Reports
Shree Ganesh Remedies IPO is a SME IPO of 23,76,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 28, 2017, and closes on Thu, Oct 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 Thu, Sep 28, 2017 and closes on Thu, Oct 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 Thu, Oct 12, 2017. Check the Shree Ganesh Remedies IPO allotment status.
The Shree Ganesh Remedies IPO listing date is on Fri, Oct 13, 2017.
