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Bafna Pharmaceuticals Limited IPO (Bafna Pharmaceuticals IPO) Detail

May 27, 2008 - May 30, 2008

Incorporated in 1995, Bafna Pharmaceuticals Limited is engaged in the business of manufacturing pharmaceutical formulations of Betalactum and Non Betalactum products. The Company manufactures 126 formulations under various therapeutic segments, such as anti-infective, cholesterol lowering agents, analgesic and antipyretic, antihelmintics, appetite stimulants, cough and cold preparations, antiulcerants anti diabetic, and vitamins.

In 2006, Bafna has set up an 100% EOU unit at Madhavaram for the production of tablets and capsule with a capacity of 6973.20 lacs and 2462.40 lacs. The unit has been WHO GMP certified and also ISO 9000 certified. The products manufactured in this factory caters to the markets of Srilanka, Ghana and Ukraine. Bafna was involved in the execution of contracts for the generic division of M/s. Croslands from the period 1994 to 2001. Bafna was awarded the WHO GMP certification during the year 1995. Presently around 57 products of the company are registered in Srilanka, 4 products in Ukraine, 1 product in Ghana. The company received the Best Supplier award from the Srilankan Government during 2005.

Company Financials:

ParticularsFor the year/period ended (Rs. in lacs)
 30-Jun-0731-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income432.023861.962136.472662.651521.33
  Profit After Tax (PAT)49.70104.2392.2789.8144.51

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To undertake Brand Building exercise in domestic & international markets;
2. To part finance the cost of obtaining MHRA approval for Grantlyon unit;
3. To set up a Research & Development unit at Grantlyon;
4. To repay high cost debt;
5. To meet the working capital requirement;
6. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
7. General corporate purposes.

Bafna Pharmaceuticals IPO Details

IPO Opening Date May 27, 2008
IPO Closing Date May 30, 2008
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹40 per equity share
Market Lot
Min Order Quantity
Listing At BSE
Issue Size6,400,000 Eq Shares of ₹10
(aggregating up to ₹25.60 Cr)

Bafna Pharmaceuticals IPO Prospectus

Bafna Pharmaceuticals IPO Rating

380
2.3
Rating:Rated 2.3 stars
Vote Here ...

Bafna Pharmaceuticals IPO Listing Date

Listing Date Friday, June 27, 2008
BSE Script Code 532989
NSE Symbol BAFNAPHARM
Listing In B Group of Securities
ISIN INE878I01014
IPO Price ₹40 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹40.00
₹43.80
₹37.30
₹47.20
₹38.50

Company Contact Information

Bafna Pharmaceuticals Limited
Bafna Pharmaceuticals Limited,
299 Thambu Chetty Street,
Chennai - 600001, Tamil Nadu, India.
Phone: + 91-44-25267517
Email: cs@bafnapharma.com
Website: http://www.bafnapharma.com

Bafna Pharmaceuticals IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/

Bafna Pharmaceuticals IPO Reviews / Ratings

  • Business Line - Avoid
  • Hem Securities - Avoid
  • ICICI Direct - Apply
  • Smart Investments Ltd - Apply

Bafna Pharmaceuticals IPO FAQs

Bafna Pharmaceuticals IPO is a main-board IPO of 6,400,000 equity shares of the face value of ₹10 aggregating up to ₹25.60 Crores. The issue is priced at ₹40 per equity share. The minimum order quantity is .

The IPO opens on May 27, 2008, and closes on May 30, 2008.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Bafna Pharmaceuticals IPO opens on May 27, 2008 and closes on May 30, 2008.

Bafna Pharmaceuticals IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Bafna Pharmaceuticals 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bafna Pharmaceuticals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bafna Pharmaceuticals IPO allotment status.

The Bafna Pharmaceuticals IPO listing date is on Friday, June 27, 2008.

Bafna Pharmaceuticals IPO Message Board

Ranked Members  Ranked Members

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357 Comments

357. sunita |Sep 25, 2008 4:48:33 PM
any news why this stock is not going up
356. shasi |Aug 7, 2008 9:04:29 PM
Guptaji,How you purchased at 55/ When the high was 47/

355. SC GUPTA (117.196.224.243)
PLEASE TELL ME ABOUT BAFNAPHARMA. I PUCHASED AT 55/-. SHOULD I HOLD OR QUIT.




355. SC GUPTA |Aug 3, 2008 9:39:00 AM
PLEASE TELL ME ABOUT BAFNAPHARMA. I PUCHASED AT 55/-. SHOULD I HOLD OR QUIT.
354. Vasudev |Jul 22, 2008 3:18:16 PM
Pls help on Bafna. Should I sell now or hold? Thanks for the HELP!!!!
353. Vasudev |Jul 22, 2008 2:09:05 PM
Please someone advice if I should hold Bafna. Purchased at Rs 43.00. Now almost 40% down. Thanks for the help.
352. mahesh |Jul 4, 2008 2:30:17 PM
BUY BUY BUY...... Bafna is going up and it will reach 55 today..... Market is good..
351. MOHIN |Jul 4, 2008 12:05:47 PM
3 MUTUAL FUNDS ARE ACCUMULATING BAFNA PHARMA TODAY .SO STAY INVESTTED AND BUY MORE ON DIP. IT MAY CROSS ITS TARGET OF 70 SOON.

PHARMA SECTOR IS DOING WELL
350. kedi |Jul 3, 2008 8:01:34 PM
Alpesh patel, Hitesh jain Sahab aap koi ek Naam q Use nahi kartai.
349. Mahesh |Jul 3, 2008 7:34:31 PM
Hi Alpesh patel ,
R u sure this will reach 70 rs. mark.
348. Traderji |Jul 3, 2008 12:56:56 PM
bafna back in Form....Its the right price and right time to accumulate..Dotn miss the chance...
347. SAKKARAVARTHI |Jul 2, 2008 1:03:14 PM
Bafna is raising now. Best time to accumulate....BUY BUY
346. DON |Jul 1, 2008 5:48:19 PM
Sell, useless stock. will available at 10 Rs w/n a weeks time.
345. shah |Jul 1, 2008 5:05:46 PM
pl sell all of your stock u can get back at RS. 20 per share this is confirm news and pl take the action now sell sell sell
344. vipul |Jul 1, 2008 12:29:12 PM
Those who are interested can pick bafna at this level and get benift latter.
343. ramhere |Jul 1, 2008 12:26:15 PM
It really hurts me when i see retail investors losing so much money on sub par issues like this one.Just a small suggestion am around 30+ nd in this field since 17yrs,please don not go for fast money making methods.Just invest on companies you know well or comfortable and play long term, we can all make money.Speculation is not for all.First decide whether we want to be an investor or trader,I agree most of them would say investors.When so many good phrama issues are there in the market these guys have slowly come to the market and cooly got their ipo objectives met.Just do a bit of background research about promoters,their qualifications and experience before you invest on small companies friends
342. vinay |Jul 1, 2008 11:40:13 AM
Hey someone should buy this company man!! Lot of take overs are happening. so why not some HNI or Operator buy this company. The management is not at all concerned of a newly listed comapny. Strange!!
341. Deepak |Jul 1, 2008 10:29:44 AM
Sell ...
Sell ....
Sell .....
No operator intrest
No promotor intrest
No buyer intrest
Don't hope for any magic
Awake from yor dreams
Be realistic
Sell your holdings at any price
Just try to recollect your memories of V-GUARD , TULSI EXTRUSION
MANJUSHREE etc.
Hope we don't see a lower circuit .
340. Rajnesh |Jul 1, 2008 9:53:00 AM
I have not received the refund through ECS.Please let me know if any one has received it.Thx in advance
339. vishy |Jul 1, 2008 1:31:38 AM
i think this stock will test the risk taking capability of a person.

lets wait and watch..
338. premal |Jun 30, 2008 9:57:26 PM
hey guys i think stock not going below 28rs...........so pls buying hevilly somewere near of 28...it must come 50