Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Mon, May 22, 2017 - Thu, May 25, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, May 22, 2017
IPO Close
Thu, May 25, 2017
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹53.69 Cr
| IPO Date | 22 to 25 May, 2017 |
| Listed on | Fri, Jun 2, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,44,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,80,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.7560 Cr) |
| Fresh Issue (Ex Market Maker) | 5,09,000 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 27,55,000 shares of ₹10 (agg. up to ₹12 Cr) |
| Net Offered to Public | 32,64,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 1,20,93,750 shares |
| Share Holding Post Issue | 1,27,82,750 shares |
| NSE Symbol | VSCL |
| ISIN | INE551Q01028 |
Vadivarhe Speciality Chemicals IPO comprises a total issue size of 34,44,000 shares. The net offer to the public is 32,64,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,32,000 (50.00%) allocated to NII 16,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,32,000 | 50.00% | 47.39% |
| Retail Shares Offered | 16,32,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.23% | |
| Total Shares Offered | 34,44,000 | 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 | ₹1,26,000 |
| 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.
| 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 Meet Working Capital Requirement | 2.45 |
| 2 | General Corporate Expenses | 0.20 |
The Vadivarhe Speciality IPO is subscribed [.] times on May 25, 2017 5:00:00 PM (Day 4). 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 underwriting, Selling commission and Brokerage, payment to other intermediaries such as Legal Advisors, Registrars, etc, Printing and Stationery and postage expenses, Advertising and Marketing expenses, Statutory expenses | 1.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹50.40 |
| Low | ₹50.40 |
| High | ₹50.40 |
| Last Trade | ₹50.40 |
Lead Manager Reports
Vadivarhe Speciality Chemicals IPO is a SME IPO of 34,44,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Mon, May 22, 2017, and closes on Thu, 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 Mon, May 22, 2017 and closes on Thu, 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 Fri, Jun 2, 2017.
