Bafna Pharmaceuticals Limited IPO Message Board (Page 5)

BREAKING NEWS BAAFNA TO BE LISTED AT 55.AS AFTER THE COMPLETION OF ISSUE IE JUST 3 DAYS BACK CO HAS RECD APPROVAL FOR ENTRY INTO REGULATED BAG MKT OF UK AND USA ABIIIIIIIIIIIIIIG PLUS FOR THE CO. I WOULD ADVICE TO BUY THIS IPO AFTER LISTING AS IT SHUD REACH 80 BY TOMMORROW EVENING .DONOOOOOOOOOOOOOOT SELL THIS SHARE ANOTHER ANU LAB IN MAKING

yes now in bse website it is confirming that shares will be listed only on bse on 27-6-2008 at 9-55 am

IPO bafna listing date

Allotment to Retail Investors
The Basis of Allotment to the Retail Investors, at the issue price of Rs.40/- per Equity Shares, was finalised in consultation with BSE. The category was oversubscribed by 4.8784 times. The total number of shares allotted in this category is 53,76,206 Equity Shares (including 206 excess shares due to rounding off). The category-wise details of the Basis of Allotment are as under:

Category No. of Applications % to Total Total No .of Shares Applied % to Total No. of Shares Allotted Ratio Total No. of Shares Allotted
150 4.639 20.81 6.95850 2.65 150 8:39 1.42650
300 2,456 11.02 7,36800 2.81 150 16:39 1,51050
450 1,510 6.77 6,79500 2.59 150 8:13 1,39350
600 1,550 6.95 9,30000 3.55 150 41:50 1,90650
750 onwards
Firm Proportionate

Bafna Pharmaceuticals Limited (Bafna), a multi-product pharmaceutical formulations company in diverse therapeutic segments, has received Medicines and Health Care Products Regulatory Agency (MHRA) approval for its facility meant for exports to the UK markets and European Union.

This approval will make Bafna’s entry into regulated markets of Europe and UK. Bafna has become only the 36th Company in the Indian Pharmaceuticals Industry (IPI) to receive MHRA approval. With this approval Bafna Pharmaceuticals will be able to look at expanding not only to the European Union Market but even to other regulated markets.

MHRA is a Government Body based in the United Kingdom and employs quality certification procedures to allow the applicants to access the regulated markets of UK and Europe. MHRA is responsible for ensuring that medicines and medical devices work and are acceptably safe. MHRA regulates, by authorising before medicines are marketed, taking both their safety and effectiveness into account. The MHRA certification will help Bafna expand in regulated markets of the UK.

Says Mr Bafna Mahaveer Chand, Chairman and Managing Director of the Company, “This MHRA approval, as a long term strategy, would highlight our foray into regulated markets of UK and Europe. These markets, by and large, offer much better margins when compared to other markets. MHRA has been a direct way for us to access these markets, which have huge generics opportunities.”

Bafna recently came up with an IPO and one of the objects of the issue was to part finance the cost of obtaining MHRA approval for it’s newly set up Grantlayon plant facility in Chennai, which is a 100% EOU being made to cater to regulated markets only.

Bafna Pharmaceuticals Ltd is expected to be listed on BSE on June 27, 2008.

The listing of bafna on 27.o6.2008 is nowhere mentioned on BSE till yet so how people are claiming that it would list on 27th june

I have not received the refund of bafna in icici bank while In hdfc refund got credited on monday 23rd itself. Pls let us know if anybody got refund in ICICI bank a/c..

did anyone receive bafna pharmaceutical refund in icici bank?

Thanks, Ajay Kumar

With your comment on Bafna Pharmaceutical, I agree with you
that the share positively go the Rs.70/-. Because QIB may ready for active trading on listing.

BAFNA PHARMACEUTICAL LIST AT RS.55/-AND GO UPTO TO RS.65/-INTRADAY. AND NEXT DAY IT WILL GO GO TO 80/-MUST. SOLID INFORMATION.
ENJOY THE ALLOTED SUBSCRIBE. CHEERS.......

not declare listing date. my 2 application not get any share why!

Thanks Mahendra. It would be great for me and others if you provide URL info to extract allotment status.

How many shares allotment in BAFNA PHARMA APPLY RS 100000 EACH applicaion of 1243880 AND 1771665 INFORM BY SMS IF POSSIBALE MOBILE NO 9323716855

Mr Harish, you are alloted 184 shares against your application No. 1251108

hey guys have everybody got the refunded amount through ECS but i haven't please reply
take care

Bafna will list on 27.06.2008 at Rs. 45 & will go up to Rs.60

Please provide me allotment status for application Number - 1251108 as this is not appearing in your website.

BAFNA WILL LIST @ 80/90 LEVEL / AFTER 2 DAYS TOUCH 120/135 LEVEL .OKKKKKKKKKKKKKKKKKK /DNT SMILLLLLLLE

There was a mistake at CNBC Awaz... Bsfna will be listed on Friday i.e; 27th June.... take it from me...I have confirmed sources

yes cnbc awaaz confirmed lisyting tommorrow ie wednesday 25-6-2008.mr amit rest assured listing to be in excss of rs 50+ lot of operator intrest.yes afree advice foryoy and all boarders donot short sell you will be trapped. a mumbai based bull active in the counter