IPO Issue Details
Issue Price / Price Band₹156 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size90 Shares per Lot
Total Issue Size2,25,55,124 shares (aggregating up to ₹351.86 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 05 Sep 2014
Subscription CloseTue, 09 Sep 2014
Anchor AllotmentThu, 04 Sep 2014
Basis of AllotmentMon, 15 Sep 2014
Initiation of RefundsTue, 16 Sep 2014
Credit of Shares to DematTue, 16 Sep 2014
Listing DateTue, 23 Sep 2014
UPI Mandate Deadline2014-09-09
Application & Investment Details
Retail — Min (1 Lots)₹14,040 — 90 shares
Retail — Max (13 Lots)₹182,520 (13 Lots)
HNI — Min (15 Lots)₹2,10,600 — 1,350 shares
Pre-IPO Promoter Holding9,02,20,495 shares
Post-IPO Promoter Holding9,02,20,495 shares
About Sharda Cropchem Ltd.
Incorporated in 2004, Sharda Cropchem Ltd is a crop protection chemical company engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally. They are also involved in order based procurement and supply of Belts, general, chemicals, dyes and dye intermediates. Over the years the company has primarily, grown organically and its core strength lies in identifying generic molecules, preparing dossiers, seeking registrations, marketing and distributing formulations or generic active ingredients in fungicide, herbicide and insecticide segments.They have also recently entered into the biocide segment and have acquired several registrations from the existing registration holders, primarily, in Europe. As of August 5, 2014, it had over 180 Good Laboratory Practices certified dossiers and as of July 15, 2014 it owned over 1,040 registrations for formulations and over 155 registrations for generic active ingredients across Europe, NAFTA, Latin America and Rest of the World.
Objects of the Issue
Sharda Cropchem Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1. Achieve the benefits of listing the Equity Shares on the BSE and the NSE and
2
2. To carry out the sale of 22,555,124 Equity Shares by the Selling Shareholders.
Shareholding & Lock-in
Pre-IPO Promoter Holding
9,02,20,495 shares
Post-IPO Promoter Holding
9,02,20,495 shares