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Shree Ganesh Remedies IPO is a fixed price issue of Rs 8.55 crores.
Shree Ganesh Remedies IPO bidding started from September 28, 2017 and ended on October 5, 2017. The allotment for Shree Ganesh Remedies IPO was finalized on Tuesday, October 10, 2017. The shares got listed on BSE SME on October 13, 2017.
Shree Ganesh Remedies IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Shree Ganesh Remedies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Shree Ganesh Remedies IPO DRHP for detailed information.
| IPO Date | September 28, 2017 to October 5, 2017 |
| Listing Date | October 13, 2017 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,376,000 shares (aggregating up to ₹8.55 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,595,356 |
| Share holding post issue | 8,971,356 |
Shree Ganesh Remedies IPO opens on September 28, 2017, and closes on October 5, 2017.
| IPO Open Date | Thursday, September 28, 2017 |
| IPO Close Date | Thursday, October 5, 2017 |
| Basis of Allotment | Tuesday, October 10, 2017 |
| Initiation of Refunds | Wednesday, October 11, 2017 |
| Credit of Shares to Demat | Thursday, October 12, 2017 |
| Listing Date | Friday, October 13, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2017 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| Lot Size Calculator | |||
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.
Company proposes to utilize the proceeds from the public issue towards the following objects:
1. Setting up a new Choloro Compound derivatives manufacturing plant with a proposed capacity of 200 MTPA at Ankleshwar GIDC Gujarat;
2. General Corporate Purposes
[Dilip Davda] Inconsistency in performance is a major concern. However, cash surplus investors may consider investment for long term. (Subscribe) Read detail review...
The Shree Ganesh Remedies IPO is subscribed times on October 5, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | October 13, 2017 |
| BSE Script Code | 540737 |
| NSE Symbol | |
| ISIN | INE414Y01015 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹36.00 |
| ₹40.00 |
| ₹29.75 |
| ₹40.00 |
| ₹33.00 |
Shree Ganesh Remedies Ltd
Plot no. 6011, G.I.D.C,
Ankleshwar - 393002
Phone: 02646 227777
Email: investors@ganeshremedies.com
Website: http://www.ganeshremedies.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Shree Ganesh Remedies IPO is a SME IPO of 2,376,000 equity shares of the face value of ₹10 aggregating up to ₹8.55 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 28, 2017, and closes on October 5, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Shree Ganesh Remedies IPO opens on September 28, 2017 and closes on October 5, 2017.
Shree Ganesh Remedies IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Shree Ganesh Remedies 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 Shree Ganesh Remedies IPO will be done on Tuesday, October 10, 2017, and the allotted shares will be credited to your demat account by Thursday, October 12, 2017. Check the Shree Ganesh Remedies IPO allotment status.
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