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Vadivarhe Speciality Chemicals IPO is a fixed price issue of ₹14.46 crores. The issue is a combination of fresh issue of 0.07 crore shares aggregating to ₹2.89 crores and offer for sale of 0.28 crore shares aggregating to ₹11.57 crores.
Vadivarhe Speciality Chemicals IPO bidding started from May 22, 2017 and ended on May 25, 2017. The shares got listed on NSE SME on Jun 2, 2017.
Vadivarhe Speciality Chemicals IPO price is ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Vadivarhe Speciality Chemicals IPO RHP for detailed Information.
| IPO Date | May 22, 2017 to May 25, 2017 |
| Listing Date | June 2, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 34,44,000 shares (aggregating up to ₹14.46 Cr) |
| Reserved for Market Maker | 1,80,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.7560 Cr) |
| Fresh Issue (Ex Market Maker) | 5,09,000 shares (aggregating up to ₹2.14 Cr) |
| Offer for Sale | 27,55,000 shares of ₹10 (aggregating up to ₹11.57 Cr) |
| Net Offered to Public | 32,64,000 shares (aggregating up to ₹13.71 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,20,93,750 shares |
| Share Holding Post Issue | 1,27,82,750 shares |
Vadivarhe Speciality IPO offers total 34,44,000 shares. Out of which 16,32,000 (47.39%) allocated to NII, 16,32,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.23%) |
| NII (HNI) Shares Offered | 16,32,000 (47.39%) |
| Retail Shares Offered | 16,32,000 (47.39%) |
| Total Shares Offered | 34,44,000 (100.00%) |
Vadivarhe Speciality Chemicals IPO opens on May 22, 2017, and closes on May 25, 2017.
| IPO Open Date | Mon, May 22, 2017 |
| IPO Close Date | Thu, May 25, 2017 |
| Tentative Listing Date | Fri, Jun 2, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 25, 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 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Incorporated in 2009, Vadivarhe Speciality Chemicals Ltd (VSCL) is primarily engaged in manufacturing of Speciality chemicals, Active Pharmaceutical ingredients, intermediate and personal care ingredients.
It is a a globally active, Indian chemical producer, focused on organic chemicals and custom synthesis. It has entered into an agreement with Enaltec Labs Pvt Ltd in December 2012 to manufacture API products for them for a period of 10 years based on the material and specification provided by them. The company has also entered into an agreement with Zenvision Pharma LLP for offering its manufacturing facility on Loan and License basis. Some of its major clients are Glaxo Smithkline Pharmaceuticals Ltd, Fine Organics Ltd UK, Chem-Impex International INC, D C Fine Chemicals, USV Ltd, Lupin Ltd, Mankind Pharma Limited, Himedia Laboratories Pvt. Ltd., Hetero Labs Ltd & many others in the Domestic and International sector.
The Company Vadivarhe Speciality Chemicals 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 | To Meet Working Capital Requirement | 2.45 |
| 2 | General Corporate Expenses | 0.20 |
[Dilip Davda] Investors may consider investment from short to long term in this reasonably priced issue of Vadivarhe Speciality NSE SME IPO. Read detail review...
| Listing Date | June 2, 2017 |
| BSE Script Code | |
| NSE Symbol | VSCL |
| ISIN | INE551Q01028 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹50.40 |
| Low | ₹50.40 |
| High | ₹50.40 |
| Last Trade | ₹50.40 |
Vadivarhe Speciality Chemicals Ltd.
Gat No. 204,
Vadivarhe,
Igatpuri
Igatpuri, Maharashtra, 422403
Phone: +91-2553-282200
Email: cs@vscl.co.in
Website: http://www.vscl.net.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vadivarhe Speciality Chemicals IPO is a SME IPO of 34,44,000 equity shares of the face value of ₹10 aggregating up to ₹14.46 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on May 22, 2017, and closes on May 25, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vadivarhe Speciality Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Vadivarhe Speciality Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vadivarhe Speciality Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vadivarhe Speciality Chemicals IPO opens on May 22, 2017 and closes on May 25, 2017.
Vadivarhe Speciality Chemicals IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in Vadivarhe Speciality Chemicals 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 Vadivarhe Speciality Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vadivarhe Speciality Chemicals IPO allotment status.
The Vadivarhe Speciality Chemicals IPO listing date is on Friday, June 2, 2017.
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