Business Standard

Par Drugs & Chemicals Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

8.53 cr

Price Range (₹)

51

Lot Size

2000

Min Investment (₹)

1,02,000.00

Listing Exchange

NSE - SME

Open Date

03-May-2019

Close Date

08-May-2019

Listing Date

16-May-2019

Par Drugs & Chemicals Ltd News

    The Shares of Par Drugs & Chemicals Ltd have now been listed.

    Par Drugs & Chemicals Ltd IPO Details

    Initial public offer consisiting of fresh issue of 16,72,000 equity shares of face value of Rs. 10 each fully paid of Par Drugs and Chemicals Limited (The Issuer or The Company) for cash at a price of Rs. 51 per equity share (including a share premium of Rs. 41 per Equity share) (the Issue Price) aggregating Rs. 8.53 crores (The Issue) of which 84,000 equity shares of face value Rs. 10 each for Cash at a price of Rs. 51 per equity share, aggregating Rs. 0.43 crores will be reserved for subscription by the market maker to the Issue (The Market Maker reservation portion) and 30,000 equity shares of face value Rs. 10 each for cash at a price of Rs. 51 per Equity share, aggregating upto Rs. 0.15 crores will be reserved for subscription by eligible employees (As defined) which constitute 0.49% of the post-issue paid-up equity share capital (Employee Reservation Portion). The issue less market maker reservation portion and employee reservation portion i.e. Issue 15,58,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 51 per equity share is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.18% and 25.32%, respectively of the fully Diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 51 is 5.1 times of the face value of the equity shares.Minimum application of 2000 equity shares and in multiples of 2000 equity shares thereafter.

    Objective of issue

    Funding the working capital requirements of the company. General corporate purposes.

    Par Drugs & Chemicals Ltd Contact Details

    Par Drugs & Chemicals Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs.sanket@pardrugs.com

    Website - www.pardrugs.com