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Syncom Healthcare IPO is a book built issue of Rs 56.25 crores.
Syncom Healthcare IPO bidding started from January 27, 2010 and ended on January 29, 2010. The shares got listed on BSE, NSE on February 15, 2010.
Syncom Healthcare IPO price band is set at ₹65 to ₹75 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Chartered Capital And Investment Limited is the book running lead manager of the Syncom Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Syncom Healthcare IPO RHP for detailed information.
| IPO Date | January 27, 2010 to January 29, 2010 |
| Listing Date | February 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹75 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 7,500,000 shares (aggregating up to ₹56.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 17,500,000 |
Syncom Healthcare IPO offers 7,500,000 shares. 3,750,000 (50.00%) to QIB, 1,125,000 (15.00%) to NII, 2,625,000 (35.00%) to RII. 29,166 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,700 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,750,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,125,000 (15.00%) | |
| Retail Shares Offered | 2,625,000 (35.00%) | 29,166 |
| Total Shares Offered | 7,500,000 (100%) |
Investors can bid for a minimum of 90 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 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2610 | ₹195,750 |
| Lot Size Calculator | |||
1. Mr. Ajay Bankda, aged 48 years has completed his Master of Commerce in the year 1981 from the Vikram University, Ujjain. Since 2002 he is working as Managing Director of Syncom Healthcare Limited.
2. Mrs. Jyoti Bankda, aged 42 years has completed her SSC examination in the year 1982 from Maharashtra State Board of Secondary & Higher Secondary Education, Pune.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 57.14% |
Incorporated in 2002, Syncom Healthcare Ltd is a pharmaceutical company based in central India. Syncom is in the business of manufacturing, marketing & trading of pharmaceuticals formulations under its own brands of Ethical, OTC, Generic and Herbal market segment. Syncom have over 250 products available in various dosage forms including Tablets, Capsules, Liquids, Ointments, Eye/Ear Drops, Dry Syrup, Herbal Products, Protein Powder and External Preparations.
Apart from their own Marketing setup (OTC, Generics and Ethical Divisions), Syncom Healthcare is also a leading Contract Manufacturing company catering to various domestic and multinational companies. Syncom have a range of over 400 products and can develop customized products as per the needs of the customer and deliver the products at short notice. Syncom Healthcare manufacturing premises spans is over 1,25,000 sq.fts.
The proceeds of the issue are proposed to be utilized for its various expansion plan which include setting up of a new manufacturing unit at Indore SEZ for manufacturing various pharmaceutical formulations, undertaking various upgradation/modernization of manufacturing facilities at Dehradun plant and to set up an export office at Mumbai.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Jul-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 2067.80 | 6056.49 | 5495.28 | 3072.59 | 1933.35 |
| Profit After Tax (PAT) | 160.19 | 378.04 | 366.52 | 274.48 | 24.37 |
| KPI | Values |
|---|---|
| RoNW | 17.91% |
The objects of the Issue are:
1. To set up our new manufacturing unit at Indore SEZ for manufacturing of various pharmaceuticals formulations;
2. To undertake the upgradation/modernization of manufacturing facilities at Dehradun Plant;
3. To Meet Working Capital Requirements;
4. To set up an Export Office at Mumbai;
5. To undertake “Brand & Product Registration and Approval”;
6. To meet General Corporate Purpose; and
7. To meet Issue Expenses.
The Syncom Healthcare IPO is subscribed 5.17 times on January 29, 2010 5:00:00 PM. The public issue subscribed 6.25 times in the retail category, 0.99 times in the QIB category, and 16.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.99 |
| NII | 16.60 |
| Retail | 6.25 |
| Total | 5.17 |
CARE has assigned an IPO Grade 2 to Syncom Healthcare IPO. This means as per CARE, company has Below Average Fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Syncom Healthcare IPO.
| Listing Date | February 15, 2010 |
| BSE Script Code | 533157 |
| NSE Symbol | SYNCOM |
| ISIN | INE602K01014 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹75.00 |
| ₹88.00 |
| ₹85.80 |
| ₹107.25 |
| ₹87.85 |
| NSE |
|---|
| ₹75.00 |
| ₹89.90 |
| ₹85.75 |
| ₹107.20 |
| ₹87.75 |
Syncom Healthcare Limited
221, Vyapar Bhawan,
P.D'Mello Road,
Mumbai - 400009
Phone: +91-22-23725193
Email: ipo@syncomhealthcare.com
Website: http://www.syncomhealthcare.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: syncom.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Syncom Healthcare IPO is a main-board IPO of 7,500,000 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹65 to ₹75 per share. The minimum order quantity is 90 Shares.
The IPO opens on January 27, 2010, and closes on January 29, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Syncom Healthcare IPO opens on January 27, 2010 and closes on January 29, 2010.
Syncom Healthcare IPO lot size is 90 Shares, and the minimum amount required is ₹6,750.
You can apply in Syncom 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 Syncom Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Syncom Healthcare IPO allotment status.
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