IPO Issue Details
Issue Price / Price Band₹135 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size18,75,000 shares (aggregating up to ₹25.25 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 31 Mar 2023
Subscription CloseWed, 05 Apr 2023
Anchor AllotmentThu, 30 Mar 2023
Basis of AllotmentTue, 11 Apr 2023
Initiation of RefundsWed, 12 Apr 2023
Credit of Shares to DematThu, 13 Apr 2023
Listing DateMon, 17 Apr 2023
UPI Mandate Deadline2023-04-05
Application & Investment Details
Retail — Min (1 Lots)₹1,35,000 — 1,000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)₹2,70,000 — 2,000 shares
P/E Ratio (Pre-IPO)7.83x
Net Offer to Public17,81,000 shares (aggregating up to ₹23.99 Cr)
Reserved for Market Maker94,000 shares (aggregating up to ₹1.27 Cr)
Pre-IPO Promoter Holding50,83,060 shares
Post-IPO Promoter Holding69,58,060 shares
About Infinium Pharmachem Ltd.
Incorporated in 2003, Infinium Pharmachem Limited manufactures & supplies Iodine Derivatives, APIs, and Iodination reaction-based bulk drugs.The company offers R & D services and commercial scale manufacturing and packaging for Pharmaceutical, Agrochemical, Nutraceutical, Speciality Chemicals & other chemical industries.Infinium Pharmachem's manufacturing plant is located in Gujarat - INDIA, which spans across 4100 Sq. Mtr. Plot area. The facility is FDA certified & GMP compliant with capabilities of producing complex Iodine Derivatives. The company serves to over 15+ countries across the globe and has over 200+ Iodine Derivatives and 7+ APIs.
Objects of the Issue
Infinium Pharmachem Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Marketing and Branding Expenses (including Registration in Reach - Europe, other marketing expenses)
1.13
2
Repayment of some of Existing Loans;
3.92
3
Expansion of Existing Unit
5.05
4
To Meet Incremental Working Capital Requirements;
10.10
5
General Corporate Purpose
4.43
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,83,060 shares
Post-IPO Promoter Holding
69,58,060 shares