Veeda Clinical Research Ltd - IPO

Veeda Clinical Research Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 2/- each (Equity Shares) of Veeda Clinical Research Limited (the Company or the Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a Share Premium of Rs. [*] per Equity Share) (Offer Price) aggregating up to Rs. [*] crores (Offer) comprising a fresh issue of [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 185.00 crores (Fresh Issue) and an offer for sale of up to 13,008,128 equity shares of face value of Rs. 2/- each (Offered Shares) aggregating up to Rs. [*] crores, comprising an offer for sale of up to 3,493,895 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by Basil Private Limited (Promoter Selling Shareholder) and up to 9,514,233 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by the other selling shareholders (as Defined Hereinafter and Together with the Promoter Selling Shareholder, the Selling Shareholders and such offer by the selling shareholders, the Offer for Sale). The offer shall constitute [*] % of the post-offer paid-up equity share capital of the company.The company, in consultation with the brlms, may consider an issue of specified securities as may be permitted under the applicable law aggregating up to Rs. 37.00 crores prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by its company.The face value of the equity shares is Rs. 2/- each. The offer price is [*] times the face value of the equity shares of Rs. 2/- each. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Capital expenditure towards procurement of equipment and machinery for the company. Investment in the compay material subsidiary, Bioneeds India Pvt ltd for capital expenditure towards procurement of equipment and machinery. Investment in the company material subsidiary, Bioneeds India Pvt Ltd for repayment/pre-payment, in part or full of certain borrowings of Bioneeds India Pvt Ltd. Funding organic growth of the com., the co., its material subsidiary, Bioneeds (I) Pvt Ltd & Health Data Specialists (Holdings) Ltd through mak., & promotional activities, updation of tech., & adoption of modern digital solutions in its worrkflo. General corporate purposes.

Veeda Clinical Research Ltd Contact Details

Veeda Clinical Research Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investor.relation@veedalifesciences.com

Website - www.veedalifesciences.com