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.
The promoters of the company are:
1. Mr. Sunil Haripant Pophhale
The object of the issue are to:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
»» 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
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - May 22, 2017 17:00 IST||0||2,451,000||312,000||2,763,000|
|Day 2 - May 23, 2017 17:00 IST||0||2,520,000||1,611,000||4,131,000|
|Day 3 - May 24, 2017 17:00 IST||0||3,633,000||8,415,000||12,048,000|
|Day 4 - May 25, 2017 17:00 IST||333,000||79,989,000||59,838,000||140,160,000|
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