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24 July 2019

IPO Synopsis

Par Drugs & Chemicals Ltd
Registered Office: 805 Dwarkesh Complex,RC Dutt Road Alkapuri , Vadodara - 390007 , Gujarat , India.
Phone : 91-265-2332018   Fax:
Email :  cs.sanket@pardrugs.com  
Website :  www.pardrugs.com
Initial public offer consisiting of fresh issue of 16,72,000 equity shares of face value of (Rs)10 each fully paid of Par Drugs and Chemicals Limited ("The Issuer" or "The Company") for cash at a price of (Rs)51 per equity share (including a share premium of (Rs)41 per Equity share) (the "Issue Price") aggregating (Rs)8.53 crores (The "Issue") of which 84,000 equity shares of face value (Rs)10 each for Cash at a price of (Rs)51 per equity share, aggregating (Rs)0.43 crores will be reserved for subscription by the market maker to the Issue (The "Market Maker reservation portion") and 30,000 equity shares of face value (Rs)10 each for cash at a price of (Rs)51 per Equity share, aggregating upto (Rs)0.15 crores will be reserved for subscription by eligible employees (As defined) which constitute 0.49% of the post-issue paid-up equity share capital ("Employee Reservation Portion"). The issue less market maker reservation portion and employee reservation portion i.e. Issue 15,58,000 equity shares of face value of (Rs)10 each for cash at a price of (Rs)51 per equity share is hereinafter referred to as the "net issue". The issue and the net issue will constitute 27.18% and 25.32%, respectively of the fully Diluted post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each and the issue price of (Rs)51 is 5.1 times of the face value of the equity shares. Minimum application of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
03-May-19 08-May-19 (Rs)51.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 8.53
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 8.53  
Post Issue Equity Share Capital 6.15  
Issue Price (Rs)51.00  
 
Projects
Funding the working capital requirements of the companyGeneral corporate purposes
Promoted By
Falgun Vallabhbhai Savani  
Jignesh Vallabhbhai Savani  
Listing At
NSE - SME 
Registrar to the Issue
Link Intime India Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS