Shree Tirupati Balajee FIBC Ltd Corporate Video
Business description from prospectus – Shree Ganesh Remedies is an ISO 9001:2015, ISO 14001:2015 BS and OHSAS 18001:2007 certified Company and is engaged in manufacturing and dispatch of drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry.
The company manufactures products relating to antipsychotic, antiseptic, deprotonation reactions, hyperlipidemia, alzheimers and anti-viral.
The manufacturing process is supported by Total Quality Management techniques and is supervised through various quality control equipment’s and qualified personnel.
The Products are manufactured for export market and also for domestic and foreign markets. It entered the International market in the year 2006 and is on regular basis exporting products to various countries.
Promoters of Shree Ganesh Remedies – Chandubhai Kothia, Hasmukh Kothia, Ashokkumar Kothia, Hansaben Kothia, Manubhai Kothia, Babubhai Kothia and Subhash Kothia
Shree Ganesh Remedies IPO details
|Subscription Dates||28 September – 5 October 2017|
|IPO Price band||INR36 per share|
|Fresh issue||2,376,000 shares (INR8.55 crore)|
|Offer for sale||Nil|
|Total IPO size||2,376,000 shares (INR8.55 crore)|
|Minimum bid (lot size)||3,000 shares|
|Face Value||INR10 per share|
|Listing On||BSE SME platform|
Shree Ganesh Remedies’ financial performance (in INR crore)
|Profit after tax||1.5||3.2||1.3||1.1||2.6|
Shree Ganesh Remedies Limited
Objects of the Issue:
Ankleshwar – 393002, Gujarat
Phone: +91 02646 227777
Subscription (no. of times)
Earnings Per Share (EPS): INR3.96
Price/Earnings (P/E) ratio: 9.09
Return on Net Worth (RONW): 15.81%
Net Asset Value (NAV): INR25.07 per share
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Shree Ganesh Remedies IPO allotment status is now available on Bigshare Services’ website.
Click on this linkto get allotment status.
IPO Opening Date: 28 September 2017
IPO Closing Date: 5 October 2017
Finalisation of Basis of Allotment: 10 October 2017
Initiation of refunds: 11 October 2017
Transfer of shares to demat accounts: 12 October 2017
Listing Date: 13 October 2017
Listing Price on BSE SME: INR40 per share (up 11.1% from IPO price)
Closing Price on BSE SME: INR33 per share (down 8.33% from IPO price)