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Vadivarhe Speciality Chemicals Ltd IPO (Vadivarhe Speciality IPO) Detail

May 22, 2017 - May 25, 2017

Incorporated in 2009, Vadivarhe Speciality Chemicals Ltd (VSCL) is primarily engaged in manufacturing of Speciality chemicals, Active Pharmaceutical ingredients, intermediate and personal care ingredients.

It is a a globally active, Indian chemical producer, focused on organic chemicals and custom synthesis. It has entered into an agreement with Enaltec Labs Pvt Ltd in December 2012 to manufacture API products for them for a period of 10 years based on the material and specification provided by them. The company has also entered into an agreement with Zenvision Pharma LLP for offering its manufacturing facility on Loan and License basis. Some of its major clients are Glaxo Smithkline Pharmaceuticals Ltd, Fine Organics Ltd UK, Chem-Impex International INC, D C Fine Chemicals, USV Ltd, Lupin Ltd, Mankind Pharma Limited, Himedia Laboratories Pvt. Ltd., Hetero Labs Ltd & many others in the Domestic and International sector.

Company Promoters:

The promoters of the company are:

1. Mr. Sunil Haripant Pophhale

Objects of the Issue:

The object of the issue are to:

1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Issue Detail:

  »»  Issue Open: May 22, 2017 - May 25, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,444,000 Equity Shares of Rs 10 aggregating up to Rs 14.46 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 42 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: NSE SME

Vadivarhe Speciality IPO Reviews:

  1. Vadivarhe Speciality Chemicals Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - May 22, 2017 17:00 IST02,451,000312,0002,763,000
Day 2 - May 23, 2017 17:00 IST02,520,0001,611,0004,131,000
Day 3 - May 24, 2017 17:00 IST03,633,0008,415,00012,048,000
Day 4 - May 25, 2017 17:00 IST333,00079,989,00059,838,000140,160,000

Vadivarhe Speciality IPO Prospectus

Vadivarhe Speciality IPO Rating

157
3.5
Rating:Rated 3.5 stars

Vote Here ...

Vadivarhe Speciality IPO Listing Date

  •   ›  Listing Date: Friday, June 2, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: VSCL
  •   ›  Listing In:
  •   ›  ISIN: INE551Q01028
  •   ›  Issue Price: Rs 42 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Vadivarhe Speciality IPO News Alerts

  1. Thursday, May 25, 2017 12:00:00 AM
    Vadivarhe Speciality Chemicals Ltd IPO - Close
  2. Monday, May 22, 2017 12:00:00 AM
    Vadivarhe Speciality Chemicals Ltd IPO - Open

Company Contact Information

Vadivarhe Speciality Chemicals Ltd
Gat No. 204,
Vadivarhe,
Igatpuri, Maharashtra - 422403
Phone: +91-2553-282200
Fax: +91-2553-282238
Email: cs@vscl.co.in
Website: http://www.vscl.net.in

Vadivarhe Speciality IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email:
Website: http://www.bigshareonline.com

Vadivarhe Speciality IPO Lead Manager(s)

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Vadivarhe Speciality IPO Review / Comments

avatar
97. balusuaditya  Jun 21, 2017 7:47:22 PM IST I Like It. | Report Abuse
Hey guys,
New here. :) Any idea why the stock is dropping daily? Nothing seems to be wrong in news anywhere. I entered at 128. Am I screwed or is their hope?
avatar
96. CA M&co.Jodhpur  Jun 15, 2017 7:57:22 PM IST I Like It. | Report Abuse
Huge gain to shareholders from listing gain.
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95. jonam  Jun 7, 2017 9:55:53 PM IST I Like It. 2 | Report Abuse
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94. Ficpl  Jun 6, 2017 2:51:42 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
I think you are in CBI so able to know faster ...
avatar
93. lakshya agg  Jun 6, 2017 2:42:20 PM IST I Like It. 1 | Report Abuse
CBI raid on vscl
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92. lakshya agg  Jun 5, 2017 11:59:43 AM IST I Like It. | Report Abuse
t raised further equity at a price of Rs. 1000 per share in 2010 and has also issued bonus shares in the ratio of 8 for 1 in January 2010, 1.5 for 1 in February 2013 and 3 for 2 in February 2016. Post issue, company’s current paid up equity capital of Rs. 12.09 crore will stand enhanced to Rs. 12.78 crore.
avatar
91. IPOANALYSIS  May 31, 2017 2:41:56 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
0/3

No allotment in quite a few sme last applied.
avatar
91.1. Yashesh Ajmera  May 31, 2017 1:13:25 PM IST I Like It. | Report Abuse
Still better than getting alloted and listing at discount even though quoted at high premium before listing
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91.2. Smiter  Jun 3, 2017 11:51:44 AM IST I Like It. 3 | Report Abuse
should VSCL be bought from open market & held for 6-8 mths or even a year ??
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90. arbandyo  Jun 3, 2017 7:34:09 AM IST I Like It. | Report Abuse
Shares alloted to me money debited,ndsl SMS came for allocation in demat on 2 days back. But still my demat in icici bank does not showing the shares. What to do now. Icici does not trade in SME NSE or bse. IH that case what I will do, any suggesting. Thanks
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89. lakshya agg  Jun 2, 2017 9:13:16 PM IST I Like It. | Report Abuse
Key Events and Mile Stones :
2016
-Certificate of Star Export House Category I by DGFT
-Company has received ISO 9001:2015 for manufacturing, marketing & Supply of active pharmaceutical ingredients and intermediates from QS Zurich AG
-Company has Certificate for Good Laboratory Practices for manufacturing, marketing & Supply of active pharmaceutical ingredients and intermediates from QS Zurich AG
-Company has Certificate for WHO-GMP for manufacturing, marketing & Supply of active pharmaceutical ingredients and intermediates from QS Zurich AG
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88. lakshya agg  Jun 2, 2017 9:12:03 PM IST I Like It. | Report Abuse
The Company was originally incorporated on February 23, 2009 as "Vadivarhe Speciality Chemicals Limited" vide Registration no. 11-190516/2008-2009 (CIN: U24100MH2009PLC190516) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai and received Certificate for Commencement of Business on March 06, 2009. The company was incorporate in year 2009 and prior to the incorporation of the company, Fem Care Pharma Ltd was promoted by the promoter Mr. Sunil Haripant Pophale which was later taken over by Dabur India Ltd in the year 2009. Mr. Sunil Haripant Pophale sold his stake in Fem Care Pharma Ltd to Dabur India Ltd and as per the terms and condition of the Division Transfer Agreement dated May 07, 2009 the Speciality chemical division of Fem Care Pharma Limited was transferred to Vadivarhe Speciality Chemicals Limited. After the above transfer we are running the Speciality chemical division under the leadership of the promoter Mr. Sunil Haripant Pophale.
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87. Ficpl  May 31, 2017 10:31:29 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Any buyer in ahmedabad ?
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87.1. Ficpl  Jun 2, 2017 2:35:17 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
It is good that no buyer at that point in time. Allotted 2 Lots ... now holding it for 1 month..
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86. Prabhakaran Kuppusamy  May 30, 2017 8:42:34 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
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86.5. Yashesh Ajmera  Jun 2, 2017 12:53:09 PM IST I Like It. | Report Abuse
Prabhakaran, if I may ask, would you be a buyer at current levels here?
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86.6. Prabhakaran Kuppusamy  Jun 19, 2017 11:14:00 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
No. The script has already moved 200% - I don''t see any justification to buy now.
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85. Yashesh Ajmera  Jun 2, 2017 12:52:24 PM IST I Like It. 1 | Report Abuse
Congratulations to all allottees. Would advise to hold.
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84. dipak  May 31, 2017 12:31:34 AM IST I Like It. 4 | Report Abuse
6 out of 6..... Oh god.....Lovely.
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84.3. CHOCKALINGAM  May 31, 2017 3:40:15 PM IST I Like It. 6 | Report Abuse
JOKE OF THE YEAR
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84.4. Market Pundit  Jun 2, 2017 12:09:18 PM IST I Like It. 1 | Report Abuse
Dont rumored depak.. corrupt allotmenters may start wondering how it possible
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83. purshottam kaushal  Jun 1, 2017 5:44:26 PM IST I Like It. | Report Abuse
Listing date?
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83.1. Ficpl  Jun 2, 2017 12:13:49 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
2 June
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82. lakshya agg  Jun 1, 2017 12:50:20 PM IST I Like It. | Report Abuse
whats the fair value
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81. sunil s pareek  May 31, 2017 6:07:45 PM IST I Like It. | Report Abuse
dear Prabhakaran Kuppusamy sanginita is trading at 80% plus gains......
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81.1. rtvvtr  Jun 1, 2017 12:05:54 PM IST I Like It. | Report Abuse
ANY IDEA WHAT TO DO FOR SANGINITA.... CAN I HOLD...I GOT 4 LOTS
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80. CA M&co.Jodhpur  Jun 1, 2017 7:41:07 AM IST I Like It. 2 | Report Abuse
Congratulations to all Allotties
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79. KHATED JAIN  May 31, 2017 5:54:04 PM IST I Like It. | Report Abuse
GMP PLEASE
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78. ronak tilva  May 31, 2017 4:50:55 PM IST I Like It. 1 | Report Abuse
1/4
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