Bajaj Healthcare Ltd IPO (Bajaj Healthcare IPO) Detail

Apr 27, 2016 - May 2, 2016

Incorporated in 1993, Bajaj Healthcare Ltd is a pharmaceutical company with manufacturing and marketing capabilities in Active Pharmaceutical Ingredients (APIs), Intermediates and Finished Dosage Formulations (FDFs) with focus on Vitamins, Amino Acids, Anti-Convulsants and Finished Dosage Forms (FDFs).

Currently they operate five (5) manufacturing units. Company's present product portfolio consists of various APIs in the therapeutic categories of Neutraceutical (Amino Acids), Vitamins, Anti-Convulsants, Bactericidal & Bacteriostatic, Diuretic & Vasodilator, Mineral& Nutritional supplements, Bronchodilater / Anti-asthmatic and Nootropics. Their Formulations unit manufactures tablets, capsules and sachets for their own brands as well as under Loan License (job work) for other pharmaceutical companies. Currently, they manufacture formulations for GlaxoSmithKline Pharmaceuticals Limited (GSK) and USV Limited (USV) on a Loan License basis.

Bajaj Healthcare supply their APIs and FDFs both domestically and exporting to various countries in regions like, Europe, USA, Australia, Africa, South America, etc.

Company Promoters:

The promoters of the company are:

1. Mr. Sanjankumar R. Bajaj

Objects of the Issue:

The Objects of the Issue are to:

1. Repayment of loans; and
2. Funding expenditure for General Corporate Purposes.

Bajaj Healthcare IPO Details

Issue Open	Apr 27, 2016 - May 2, 2016
Issue Type	Fixed Price Issue IPO
Issue Size	1,817,600 Eq Shares of Rs 10 (aggregating up to Rs 30.90 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 170 Per Equity Share
Market Lot	800 Shares
Min Order Quantity	800 Shares
Listing At	BSE SME

Bajaj Healthcare IPO Prospectus

› Red Herring Prospectus

Bajaj Healthcare IPO Rating

2.7

Rating:

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Bajaj Healthcare IPO Listing Date

Listing Date	Tuesday, May 10, 2016
BSE Script Code	539872
NSE Symbol
Listing In	M
ISIN	INE411U01019
Issue Price	Rs 170 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE SME
Rs 170.00
Rs 170.00
Rs 170.00
Rs 173.00
Rs 171.50
286,400

Bajaj Healthcare IPO Reviews / Ratings

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Company Contact Information

Bajaj Healthcare Ltd
N 216 MIDC,
Tarapur,
Boisar - 401506

Phone: 91-2525-655208/655209
Email: investors@bajajhealth.com
Website: http://www.bajajhealth.com

Bajaj Healthcare IPO Registrar

Sharex Dynamic (India) Pvt Ltd
   Unit 1, Luthra Ind. Premises,
   Safed Pool, Andheri - Kurla Road,
   Andheri (East), Mumbai - 400 072

Phone: +91- 22 - 2851 5606
Email: shareindia@vsnl.com
Website: http://www.sharexindia.com

Bajaj Healthcare IPO Lead Manager(s)

Aryaman Financial Services limited

Lead Manager Reports

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Useful Articles

Bajaj Healthcare IPO Review / Comments

11. Thunderbird May 4, 2016 15:41

what is listing date ? What is expected price for listing ?

11.1. Umesh Raimalani May 4, 2016 15:58

allotment will be known on 4th working day after issue close. no need to get anxious and nervous about allotment. have patience, by tomorrow afternoon everyone will get status .

10. ShivPatel Apr 29, 2016 12:11

SME IPOs lot rate are more for this
170x800 = 136000 to more for retail

9. Manipo Apr 24, 2016 11:27

Top Contributor (200+ Posts)

Event-though Davda ji has said that cash surplus investors may consider long term investment in this IPO.

I find this IPO totally useless. It seems daylight robbery for promoter and BRLM. Reason is if someone has faith in his own company why out of the total ssue size of 30 crs 28 cr will be OFS?

I as an owner will never want to sell my shares in such large quantity through OFS route if I have trust in my company and I believe in long term wealth creation.

9.1. Eagleye Apr 24, 2016 12:04

IPO Guru (4700+ Posts, 15200+ Likes)

You have made a good solid point ...
Agree with you fully !!

8. IPOANALYSIS Apr 23, 2016 23:59

A big Avoid.
valuation too are bad.

fair value of stock is not more than 60 rs.
look at guts of company to come up with price of 170 rs.

stay away . it will be available at below 60 rs in few months.

7. Eagleye Apr 23, 2016 23:40

IPO Guru (4700+ Posts, 15200+ Likes)

BAJAJ HEALTHCARE IPO
as per the DRAFT PROSPECTUS
Dated: February 18, 2016

Out of Issue size of 31Crs
OFS by promoterâ€™s family is 28.5Crs
& Fresh Issue is only 2.5Crs

EPS
Septâ€™15 Rs.8.66 (6 months)
FY14-15 Rs.11.13
FY13-14 Rs.2.92
FY12-13 Rs.(1.56) (loss)

Book Value 64/-

7.1. Chintan Thaker Apr 24, 2016 00:11

No time & money for SME as 3 IPOs back to back.

6. sureshkvl Apr 23, 2016 20:04

How to apply the SME IPO & Trade it after allocated. I have Sharekhan & Motilal account. Looks like both doesnt support SME.
Experts please suggest.
Thanks
suresh

6.1. BULLS OF INDIA Apr 24, 2016 10:38

Top Contributor (200+ Posts)

Dear All,

I have icicidirect.com account and i am using axis bank website too, for applying IPOs, for a demat & trading account with indiabulls.

Please suggest whether i will be able to use any of these accounts for SME IPO applying & for trading.

Please also suggest which are the most popular (best option) platforms for applying (SME-IPO) & them trading.

Thanks in anticipation.

6.2. Manipo Apr 24, 2016 11:29

Top Contributor (200+ Posts)

read my comments in sysco ipo discussion page I have posted details of how to apply.
If you still needs help ping me on manipoindia AT gmail dot com

5. SNBC Apr 20, 2016 18:00

dont even think of subscribing
promoters and company both are under many criminal and fiancial litigations.
eps jumps from 2 to 11 in 1 year
looks books are cooked.
fair value of company stands at48 rs
highly expensive.

4. Manipo Apr 19, 2016 21:38

Top Contributor (200+ Posts)

Is this a joke? 2.5 Cr IPO and 28 cr OFS. I couldn''t stop laughing.
Also EPS rise from around 2 RS. in 2014 to 11 RS in 2015 is highly suspicious.

4.1. Septa Apr 19, 2016 21:46

IPO Guru (3900+ Posts, 4400+ Likes)

this is called window dressing. Booked looked cooked given the amt of sudden jump in sales and same time jump in receivable. I hate ofs and if i see OFS in SME it is no no

Thank you,

Septa

Click here to follow my secondary market messages.

4.2. Manipo Apr 19, 2016 21:49

Top Contributor (200+ Posts)

Yes bro strict no from my side too. This IPO seems just to loot money from investors.

3. jeetu vardiya Apr 19, 2016 14:08

Grey market premium kitna hai or application rate kitni hain

2. atul Apr 19, 2016 13:42

Top Contributor (200+ Posts)

Manipo pl comment on this

2.1. Manipo Apr 19, 2016 21:54

Top Contributor (200+ Posts)

hey atul I have posted my comments. I am not an expert but wrote my observation as per your request.

2.2. atul Apr 19, 2016 22:06

Top Contributor (200+ Posts)

Thanks manipo

1. NISHANT Apr 19, 2016 12:00

Any views from boarders on this SME IPO? Fundamentals looks good and PE of around 24. Growth prospects till now good as per RHP. Shall we have a look at this one?

12.1. Jain vivek Apr 19, 2016 12:10

The co is into many litigations.IT,customs , excise etc. Just google u will get all the details.

12.2. Maruthi Apr 19, 2016 12:26

Valuations rich. Many good ipos are inline in main frame. we can try there and skip this one.

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