IPO Issue Details
Issue Price / Price Band₹45 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size13,80,000 shares (aggregating up to ₹6.21 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 30 Jun 2016
Subscription CloseFri, 08 Jul 2016
Anchor AllotmentWed, 29 Jun 2016
Basis of AllotmentThu, 14 Jul 2016
Initiation of RefundsFri, 15 Jul 2016
Credit of Shares to DematFri, 15 Jul 2016
Listing DateMon, 18 Jul 2016
UPI Mandate Deadline2016-07-08
Application & Investment Details
Retail — Min (1 Lots)₹1,35,000 — 3,000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)₹2,70,000 — 6,000 shares
Net Offer to Public13,08,000 shares (aggregating up to ₹5.89 Cr)
Reserved for Market Maker72,000 shares (aggregating up to ₹0.3240 Cr)
Pre-IPO Promoter Holding50,08,099 shares
Post-IPO Promoter Holding51,88,099 shares
Fresh Issue Shares1,08,000 shares (aggregating up to ₹0.4860 Cr)
Offer for Sale Shares12,00,000 shares of ₹10 (aggregating up to ₹5.40 Cr)
About Kwality Pharmaceuticals Ltd.
Incorporated in 1983, Kwality Pharmaceuticals Ltd (KPL) is engaged in the business of manufacturing of broad range of finished pharmaceutical formulations in a dosage form. Information in this paragraph is copied from chittorgarh.com.KPL is one of the leading manufacturer & exporters of pharmaceutical formulations in Liquid Orals, Dry Syrups, Tablets, Capsules, Sterile Powder for Injections and small volume injectable. The company has registered all its products in different Countries of Europe, Africa, Asia & CIS Countries.According to the Company, it has the most modern & sophisticated plant, equipment's, technique and manpower and is working with new SCHEDULE M and W.H.O. norms and certified with GMP and WHO certificate.
Objects of the Issue
Kwality Pharmaceuticals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Modernisation of the Laboratory
0.43
2
2 General Corporate Purpose
0.20
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,08,099 shares
Post-IPO Promoter Holding
51,88,099 shares