IPO Issue Details
Issue Price / Price Band₹80 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size15,00,800 shares (aggregating up to ₹12.01 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 29 Aug 2017
Subscription CloseThu, 31 Aug 2017
Anchor AllotmentMon, 28 Aug 2017
Basis of AllotmentWed, 06 Sep 2017
Initiation of RefundsThu, 07 Sep 2017
Credit of Shares to DematThu, 07 Sep 2017
Listing DateFri, 08 Sep 2017
UPI Mandate Deadline2017-08-31
Application & Investment Details
Retail — Min (1 Lots)₹1,28,000 — 1,600 shares
Retail — Max (13 Lots)₹1,664,000 (13 Lots)
HNI — Min (2 Lots)₹2,56,000 — 3,200 shares
Net Offer to Public14,24,000 shares (aggregating up to ₹11.39 Cr)
Reserved for Market Maker76,800 shares (aggregating up to ₹0.6144 Cr)
Pre-IPO Promoter Holding36,82,515 shares
Post-IPO Promoter Holding51,83,315 shares
About ANG Lifesciences India Ltd.
Incorporated in 2006, ANG Lifesciences India Limited is a pharmaceutical company whose engaged in the business of manufactures and markets finished pharmaceutical formulations in a dosage form of sterile dry powder injection vials in India.Company's products include sterile dry powder vials for anti-biotics, anti-ulcerant, glucocorticoid and anti-inflammatory, anti-malarial, and anesthetic. It manufactures products in compliance with GMP requirements.However, Company that currently operates at an average capacity utilization of 70% for last two fiscals hopes to achieve 90% plus in coming years. ANGL is likely to consider acquisition options as well to enhance its manufacturing capacities. Its customer list includes Wockhardt, DHS Maharashtra, Global Hospitals, Elder, Emcure, BPPI, Govt. of Haryana, Hetero Healthcare etc.
Objects of the Issue
ANG Lifesciences India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet the working capital requirement
11.64
2
To meet the Issue Expenses
0.37
Shareholding & Lock-in
Pre-IPO Promoter Holding
36,82,515 shares
Post-IPO Promoter Holding
51,83,315 shares