IPO Issue Details
Issue Price / Price Band₹36 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size23,76,000 shares (aggregating up to ₹8.55 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 28 Sep 2017
Subscription CloseThu, 05 Oct 2017
Anchor AllotmentWed, 27 Sep 2017
Basis of AllotmentTue, 10 Oct 2017
Initiation of RefundsWed, 11 Oct 2017
Credit of Shares to DematThu, 12 Oct 2017
Listing DateFri, 13 Oct 2017
UPI Mandate Deadline2017-10-05
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 3,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 6,000 shares
Net Offer to Public22,50,000 shares (aggregating up to ₹8.10 Cr)
Reserved for Market Maker1,26,000 shares (aggregating up to ₹0.4536 Cr)
Pre-IPO Promoter Holding65,95,356 shares
Post-IPO Promoter Holding89,71,356 shares
About Shree Ganesh Remedies Ltd l
Incorporated in 1995, Shree Ganesh Remedies Ltd is Ankleshwar, Gujarat based engaged in manufacturing and dispatch of drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry. Company manufacture products relating to antipsychotic, antiseptic, deprotonation reactions, hyperlipidemia, alzheimers and anti-viral.The Products are manufactured for export market and also for domestic and foreign markets. Company’s manufacturing facility is divided into three manufacturing plants namely Plant I, II and III spread across 9715 Square meters having different product manufacturing capabilities and process.
Objects of the Issue
Shree Ganesh Remedies Ltd l proposes to utilise the net proceeds from the Issue for the following objects:
1
Setting up a new Choloro Compound derivatives manufacturing plant with a proposed capacity of 200 MTPA at Ankleshwar GIDC Gujarat
8.56
2
General Corporate Purposes
1.12
Shareholding & Lock-in
Pre-IPO Promoter Holding
65,95,356 shares
Post-IPO Promoter Holding
89,71,356 shares