Vaishali Pharma SME IPO receives 1,80,800 bids
DSIJ Intelligence / 07 Aug 2017
On Monday, Vaishali Pharma’s SME IPO was subscribed 0.09x till 16.30. The company’s IPO has received 1,80,800 bids. It has received 4,800 total bids at cut-off price.
On Monday, Vaishali Pharma’s SME IPO was subscribed 0.09x till 16.30. The company’s IPO has received 1,80,800 bids. It has received 4,800 total bids at cut-off price.
Vaishali Pharma’s SME IPO issue opened for subscription on Monday, August 7 and will close on August 10, 2017. The type of issue is book building. Pantomath Capital Advisors is the lead manager for the IPO.
The company’s issue size is 19,76,000 equity shares of Rs 10 aggregating up to Rs 14.23 crore.
The issue price is Rs 71 to Rs 72 per equity share. The company’s shares will be listed on NSE SME platform. The applicant can apply for the IPO with a market lot of 1,600 shares.
The IPO proceedings will be utilised for working capital requirements and general corporate purposes.
Vaishali Pharma is a pharmaceutical company engaged in pharmaceutical formulations, APIs, surgical products, veterinary supplements, herbal and nutraceutical products.
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