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Bajaj Healthcare Ltd IPO (Bajaj Healthcare IPO) Detail

April 27, 2016 - May 2, 2016

Bajaj Healthcare IPO is a fixed price issue of Rs 30.90 crores.

Bajaj Healthcare IPO bidding started from April 27, 2016 and ended on May 2, 2016. The shares got listed on BSE SME on May 10, 2016.

Bajaj Healthcare IPO price is ₹170 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,000.

Aryaman Financial Services Limited is the book running lead manager of the Bajaj Healthcare IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.

Refer to Bajaj Healthcare IPO RHP for detailed information.

Bajaj Healthcare IPO Details

IPO Date April 27, 2016 to May 2, 2016
Listing Date May 10, 2016
Face Value ₹10 per share
Price ₹170 per share
Lot Size 800 Shares
Total Issue Size1,817,600 shares
(aggregating up to ₹30.90 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue6,750,000
Share holding post issue6,899,600

Bajaj Healthcare IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 800 ₹136,000
Retail (Max) 1 800 ₹136,000
Lot Size Calculator

Bajaj Healthcare IPO Promoter Holding

The promoters of the company are:

1. Mr. Sanjankumar R. Bajaj

Share Holding Pre Issue 93.47%
Share Holding Post Issue 67.26%

About Bajaj Healthcare Ltd

Incorporated in 1993, Bajaj Healthcare Ltd is a pharmaceutical company with manufacturing and marketing capabilities in Active Pharmaceutical Ingredients (APIs), Intermediates and Finished Dosage Formulations (FDFs) with focus on Vitamins, Amino Acids, Anti-Convulsants and Finished Dosage Forms (FDFs).

Currently they operate five (5) manufacturing units. Company's present product portfolio consists of various APIs in the therapeutic categories of Neutraceutical (Amino Acids), Vitamins, Anti-Convulsants, Bactericidal & Bacteriostatic, Diuretic & Vasodilator, Mineral& Nutritional supplements, Bronchodilater / Anti-asthmatic and Nootropics. Their Formulations unit manufactures tablets, capsules and sachets for their own brands as well as under Loan License (job work) for other pharmaceutical companies. Currently, they manufacture formulations for GlaxoSmithKline Pharmaceuticals Limited (GSK) and USV Limited (USV) on a Loan License basis.

Bajaj Healthcare supply their APIs and FDFs both domestically and exporting to various countries in regions like, Europe, USA, Australia, Africa, South America, etc.

Key Performance Indicator

Objects of the Issue (Bajaj Healthcare IPO Objectives)

The Objects of the Issue are to:

1. Repayment of loans; and
2. Funding expenditure for General Corporate Purposes.

Bajaj Healthcare IPO Review (Apply)

[Dilip Davda]  

Risk savvy investors having surplus funds may consider investment for long term.

Read detail review...

Bajaj Healthcare IPO Prospectus

Bajaj Healthcare IPO Rating

33
2.7
Rating:Rated 2.7 stars
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Bajaj Healthcare IPO Listing Details

Listing Date May 10, 2016
BSE Script Code 539872
NSE Symbol
ISIN INE411U01019
Final Issue Price ₹170 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹170.00
₹170.00
₹170.00
₹173.00
₹171.50

Check IPO Performance…

Bajaj Healthcare Ltd Contact Details

Bajaj Healthcare Ltd
N 216 MIDC,
Tarapur,
Boisar - 401506
Phone: 91-2525-655208/655209
Email: investors@bajajhealth.com
Website: http://www.bajajhealth.com

Bajaj Healthcare IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606
Email: shareindia@vsnl.com
Website:

Bajaj Healthcare IPO - Buy or Not

Bajaj Healthcare IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Bajaj Healthcare IPO FAQs

Bajaj Healthcare IPO is a SME IPO of 1,817,600 equity shares of the face value of ₹10 aggregating up to ₹30.90 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800 Shares.

The IPO opens on April 27, 2016, and closes on May 2, 2016.

Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Bajaj Healthcare IPO opens on April 27, 2016 and closes on May 2, 2016.

Bajaj Healthcare IPO lot size is 800 Shares, and the minimum amount required is ₹136,000.

You can apply in Bajaj Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bajaj Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bajaj Healthcare IPO allotment status.

The Bajaj Healthcare IPO listing date is on May 10, 2016.
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Bajaj Healthcare IPO Message Board

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22 Comments

11. Thunderbird |   Link |  Bookmark |May 4, 2016 4:41:43 PM
what is listing date ? What is expected price for listing ?
11.1. Umesh Raimalani |   Link |  Bookmark |May 4, 2016 4:58:56 PM
allotment will be known on 4th working day after issue close. no need to get anxious and nervous about allotment. have patience, by tomorrow afternoon everyone will get status .
10. ShivPatel |   Link |  Bookmark |April 29, 2016 1:11:58 PM
SME IPOs lot rate are more for this
170x800 = 136000 to more for retail
9. Manipo |   Link |  Bookmark |April 24, 2016 12:27:12 PM (200+ Posts)
Event-though Davda ji has said that cash surplus investors may consider long term investment in this IPO.

I find this IPO totally useless. It seems daylight robbery for promoter and BRLM. Reason is if someone has faith in his own company why out of the total ssue size of 30 crs 28 cr will be OFS?

I as an owner will never want to sell my shares in such large quantity through OFS route if I have trust in my company and I believe in long term wealth creation.
9.1. Eagleye |   Link |  Bookmark |April 24, 2016 1:04:08 PM
IPO Guru IPO Guru (6600+ Posts, 22000+ Likes)
You have made a good solid point ...
Agree with you fully !!
8. IPOANALYSIS |   Link |  Bookmark |April 24, 2016 12:59:02 AM
A big Avoid.
valuation too are bad.

fair value of stock is not more than 60 rs.
look at guts of company to come up with price of 170 rs.

stay away . it will be available at below 60 rs in few months.
7. Eagleye |   Link |  Bookmark |April 24, 2016 12:40:45 AM
IPO Guru IPO Guru (6600+ Posts, 22000+ Likes)
BAJAJ HEALTHCARE IPO
as per the DRAFT PROSPECTUS
Dated: February 18, 2016

Out of Issue size of 31Crs
OFS by promoter’s family is 28.5Crs
& Fresh Issue is only 2.5Crs

EPS
Sept’15 Rs.8.66 (6 months)
FY14-15 Rs.11.13
FY13-14 Rs.2.92
FY12-13 Rs.(1.56) (loss)

Book Value 64/-
7.1. Chintan Thaker |   Link |  Bookmark |April 24, 2016 1:11:38 AM
No time & money for SME as 3 IPOs back to back.
6. sureshkvl |   Link |  Bookmark |April 23, 2016 9:04:40 PM
How to apply the SME IPO & Trade it after allocated. I have Sharekhan & Motilal account. Looks like both doesnt support SME.
Experts please suggest.
Thanks
suresh
6.1. BULLS OF INDIA |   Link |  Bookmark |April 24, 2016 11:38:18 AM (200+ Posts)
Dear All,

I have icicidirect.com account and i am using axis bank website too, for applying IPOs, for a demat & trading account with indiabulls.

Please suggest whether i will be able to use any of these accounts for SME IPO applying & for trading.

Please also suggest which are the most popular (best option) platforms for applying (SME-IPO) & them trading.

Thanks in anticipation.
6.2. Manipo |   Link |  Bookmark |April 24, 2016 12:29:15 PM (200+ Posts)
read my comments in sysco ipo discussion page I have posted details of how to apply.
If you still needs help ping me on manipoindia AT gmail dot com
5. SNBC |   Link |  Bookmark |April 20, 2016 7:00:51 PM
dont even think of subscribing
promoters and company both are under many criminal and fiancial litigations.
eps jumps from 2 to 11 in 1 year
looks books are cooked.
fair value of company stands at48 rs
highly expensive.
4. Manipo |   Link |  Bookmark |April 19, 2016 10:38:39 PM (200+ Posts)
Is this a joke? 2.5 Cr IPO and 28 cr OFS. I couldn''t stop laughing.
Also EPS rise from around 2 RS. in 2014 to 11 RS in 2015 is highly suspicious.
4.1. Septa |   Link |  Bookmark |April 19, 2016 10:46:44 PM (4000+ Posts, 4600+ Likes)
this is called window dressing. Booked looked cooked given the amt of sudden jump in sales and same time jump in receivable. I hate ofs and if i see OFS in SME it is no no
4.2. Manipo |   Link |  Bookmark |April 19, 2016 10:49:17 PM (200+ Posts)
Yes bro strict no from my side too. This IPO seems just to loot money from investors.
3. jeetu vardiya |   Link |  Bookmark |April 19, 2016 3:08:56 PM
Grey market premium kitna hai or application rate kitni hain
2. atul |   Link |  Bookmark |April 19, 2016 2:42:05 PM (300+ Posts)
Manipo pl comment on this
2.1. Manipo |   Link |  Bookmark |April 19, 2016 10:54:15 PM (200+ Posts)
hey atul I have posted my comments. I am not an expert but wrote my observation as per your request.
2.2. atul |   Link |  Bookmark |April 19, 2016 11:06:52 PM (300+ Posts)
Thanks manipo
1. NISHANT |   Link |  Bookmark |April 19, 2016 1:00:38 PM
Any views from boarders on this SME IPO? Fundamentals looks good and PE of around 24. Growth prospects till now good as per RHP. Shall we have a look at this one?
1.1. Jain vivek |   Link |  Bookmark |April 19, 2016 1:10:14 PM
The co is into many litigations.IT,customs , excise etc. Just google u will get all the details.
1.2. Maruthi |   Link |  Bookmark |April 19, 2016 1:26:09 PM
Valuations rich. Many good ipos are inline in main frame. we can try there and skip this one.