Bookbuilding IPO | ₹56 Cr | Listed at BSE, NSE | Wed, Jan 27, 2010 - Fri, Jan 29, 2010
Syncom Healthcare IPO is a book build issue of ₹56.25 crores. The issue is entirely a fresh issue of 0.75 crore shares of ₹56.25 crore.
Syncom Healthcare IPO bidding started from Jan 27, 2010 and ended on Jan 29, 2010. The shares got listed on BSE, NSE on Feb 15, 2010.
Syncom Healthcare IPO price band is set at ₹75 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,750 (90 shares) (based on upper price). The lot size investment for sNII is 30 lots (2,700 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (13,410 shares), amounting to ₹10,05,750.
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Syncom Healthcare IPO RHP for detailed Information.
IPO Open
Wed, Jan 27, 2010
IPO Close
Fri, Jan 29, 2010
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹131.25 Cr
| IPO Date | 27 to 29 Jan, 2010 |
| Listed on | Mon, Feb 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 75,00,000 shares (agg. up to ₹56 Cr) |
| Fresh Issue | 75,00,000 shares (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,75,00,000 shares |
| BSE Script Code / NSE Symbol | 533157 / SYNCOM |
| ISIN | INE602K01014 |
Syncom Healthcare IPO comprises a total issue size of 75,00,000 shares. Out of which, 37,50,000 (50.00%) are allocated to QIB, 11,25,000 (15.00%) allocated to NII 26,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 37,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 11,25,000 | 15.00% | NA |
| Retail Shares Offered | 26,25,000 | 35.00% | 29,166 |
| Total Shares Offered | 75,00,000 | 100.00% |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2,610 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,700 | ₹2,02,500 |
| S-HNI (Max) | 148 | 13,320 | ₹9,99,000 |
| B-HNI (Min) | 149 | 13,410 | ₹10,05,750 |
Incorporated in 2002, Syncom Healthcare Ltd is a pharmaceutical company based in central India. Syncom is in the business of manufacturing, marketing & trading of pharmaceuticals formulations under its own brands of Ethical, OTC, Generic and Herbal market segment. Syncom have over 250 products available in various dosage forms including Tablets, Capsules, Liquids, Ointments, Eye/Ear Drops, Dry Syrup, Herbal Products, Protein Powder and External Preparations.
Apart from their own Marketing setup (OTC, Generics and Ethical Divisions), Syncom Healthcare is also a leading Contract Manufacturing company catering to various domestic and multinational companies. Syncom have a range of over 400 products and can develop customized products as per the needs of the customer and deliver the products at short notice. Syncom Healthcare manufacturing premises spans is over 1,25,000 sq.fts.
The proceeds of the issue are proposed to be utilized for its various expansion plan which include setting up of a new manufacturing unit at Indore SEZ for manufacturing various pharmaceutical formulations, undertaking various upgradation/modernization of manufacturing facilities at Dehradun plant and to set up an export office at Mumbai.
| 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 | To set up our new manufacturing unit at Indore SEZ | 20.48 |
| 2 | To undertake the Upgradation/modernization of manufacturing facilities at Dehradun Plant | 6.62 |
| 3 | To meet Working Capital Requirements | 15.00 |
| 4 | For opening Export Office at Mumbai | 4.00 |
| 5 | For ìBrand & Product Registration and Approvalî | 3.00 |
| 6 | General Corporate Purpose | 2.92 |
| 7 | Issue Expenses | 5.47 |
| KPI | |
|---|---|
| RoNW | 17.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 57.14% |
| Market Cap | ₹131.25 Cr. |
The Syncom Healthcare IPO is subscribed 5.17 times on January 29, 2010 5:00:00 PM (Day 3). The public issue subscribed 6.25 times in the retail category, 0.99 times in the QIB category, and 16.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.99 | 37,50,000 | |
| NII | 16.6 | 11,25,000 | |
| Retail | 6.25 | 26,25,000 | |
| Total | 5.17 | 75,00,000 |
CARE has assigned an IPO Grade 2 to Syncom Healthcare IPO. This means as per CARE, company has Below Average Fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Syncom Healthcare IPO.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹88.00 | ₹89.90 |
| Low | ₹85.80 | ₹85.75 |
| High | ₹107.25 | ₹107.20 |
| Last Trade | ₹87.85 | ₹87.75 |
Lead Manager Reports
Syncom Healthcare IPO is a main-board IPO of 75,00,000 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 90.
The IPO opens on Wed, Jan 27, 2010, and closes on Fri, Jan 29, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Syncom Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Syncom Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Syncom Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Syncom Healthcare IPO opens on Wed, Jan 27, 2010 and closes on Fri, Jan 29, 2010.
Syncom Healthcare IPO lot size is 90, and the minimum amount required for application is ₹6,750.
You can apply in Syncom 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 Syncom Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Syncom Healthcare IPO allotment status.
The Syncom Healthcare IPO listing date is on Mon, Feb 15, 2010.
