Vivanza Biosciences Ltd

Vivanza Biosciences Ltd

Engaged in the manufacture of large volume parenterals with an installed capacity of 18 lac pa at Sabalpur Gujarat Ivee Injectaa was incorporated in Mar.'82 as a private limited company. It was converted into a public limited company in May '92.The company undertook an expansion-cum-diversification programme to increase its capacity from 18 lac pa to 54 lac pa. It also proposed to diversify into the manufacture of small volume parenterals with an installed capacity of 294 lac pa. It came out with a public issue of 2170000 equity shares of Rs 10 each for cash at par aggregating Rs 217 lac. It is one of the few companies which has facilities for both glass as well as plastic containers.Due to recessionary trends which lead to difficult business conditions in the year 1999-2000 the parenteral industry has suffered a setback. However the company has been awarded rate contract for one year for the supply of company's products from the Government of Gujarat and collective efforts are being made to improve the working of the company.