IPO Issue Details
Issue Price / Price Band₹170 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size18,17,600 shares (aggregating up to ₹30.90 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 27 Apr 2016
Subscription CloseMon, 02 May 2016
Anchor AllotmentTue, 26 Apr 2016
Basis of AllotmentSun, 08 May 2016
Initiation of RefundsMon, 09 May 2016
Credit of Shares to DematMon, 09 May 2016
Listing DateTue, 10 May 2016
UPI Mandate Deadline2016-05-02
Application & Investment Details
Retail — Min (1 Lots)₹1,36,000 — 800 shares
Retail — Max (13 Lots)₹1,768,000 (13 Lots)
HNI — Min (2 Lots)₹2,72,000 — 1,600 shares
Net Offer to Public17,26,400 shares (aggregating up to ₹29.35 Cr)
Reserved for Market Maker91,200 shares (aggregating up to ₹1.55 Cr)
Pre-IPO Promoter Holding67,50,000 shares
Post-IPO Promoter Holding68,99,600 shares
Fresh Issue Shares58,400 shares (aggregating up to ₹0.9928 Cr)
Offer for Sale Shares16,68,000 shares of ₹10 (aggregating up to ₹28.36 Cr)
About Bajaj Healthcare Ltd.
Incorporated in 1993, Bajaj Healthcare Ltd is a pharmaceutical company with manufacturing and marketing capabilities in Active Pharmaceutical Ingredients (APIs), Intermediates and Finished Dosage Formulations (FDFs) with focus on Vitamins, Amino Acids, Anti-Convulsants and Finished Dosage Forms (FDFs).Currently they operate five (5) manufacturing units. Company's present product portfolio consists of various APIs in the therapeutic categories of Neutraceutical (Amino Acids), Vitamins, Anti-Convulsants, Bactericidal & Bacteriostatic, Diuretic & Vasodilator, Mineral& Nutritional supplements, Bronchodilater / Anti-asthmatic and Nootropics. Their Formulations unit manufactures tablets, capsules and sachets for their own brands as well as under Loan License (job work) for other pharmaceutical companies. Currently, they manufacture formulations for GlaxoSmithKline Pharmaceuticals Limited (GSK) and USV Limited (USV) on a Loan License basis.Bajaj Healthcare supply their APIs and FDFs both domestically and exporting to various countries in regions like, Europe, USA, Australia, Africa, South America, etc.
Objects of the Issue
Bajaj Healthcare Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment of loans
2.12
2
2 Expenditure for General Corporate Purposes
0.30
Shareholding & Lock-in
Pre-IPO Promoter Holding
67,50,000 shares
Post-IPO Promoter Holding
68,99,600 shares