Subscriptions for Vaishali Pharma SME IPO to open today
DSIJ Intelligence / 07 Aug 2017
Vaishali Pharma’s SME IPO issue will open today, August 7 and close on August 10. The type of issue is book-building. Pantomath Capital Advisors is lead manager for the IPO.
Vaishali Pharma’s SME IPO issue will open today, August 7 and close on August 10. The type of issue is book-building. Pantomath Capital Advisors is lead manager for the IPO. The company’s issue size is of 1,976,000 equity shares of Rs 10 aggregating up to Rs 14.23 crore and the face value will be Rs 10 per equity share.
Vaishali Pharma’s issue price will be Rs 71-72 per equity share. An applicant can apply with market lot of 1,600 shares. The company’s shares will be listed on the NSE SME platform. The company’s proposed IPO proceedings will be utilised for working capital requirements and general corporate purposes.
Vaishali Pharma is a pharmaceutical company engaged in formulations, APIs, surgical products, veterinary supplements, herbal and nutraceutical products. It operates both in domestic and export markets, has an office in Vietnam, and supplies products to around 10 countries. Recently it applied for 186 registrations in 13 countries for some of its products and has received 71 approvals from seven countries.
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