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GreenSignal Bio Pharma Ltd IPO (GreenSignal Bio Pharma IPO) Detail

November 9, 2016 - November 22, 2016

GreenSignal Bio Pharma IPO is a book built issue. The issue is entirely an offer for sale of 1.46 crore shares.

GreenSignal Bio Pharma IPO bidding started from November 9, 2016 and ended on November 22, 2016. The allotment for GreenSignal Bio Pharma IPO was finalized on Friday, November 18, 2016. GreenSignal Bio Pharma IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, November 22, 2016.

GreenSignal Bio Pharma IPO price band is set at ₹68 to ₹76 per share. The minimum lot size for an application is 175 Shares. The minimum amount of investment required by retail investors is ₹13,300.

Indian Overseas Bank is the book running lead manager of the GreenSignal Bio Pharma IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to GreenSignal Bio Pharma IPO RHP for detailed information.

GreenSignal Bio Pharma IPO Details

IPO Date November 9, 2016 to November 22, 2016
Listing Date [.]
Face Value ₹10 per share
Price Band ₹68 to ₹76 per share
Lot Size 175 Shares
Total Issue Size[.] shares
(aggregating up to ₹[.] Cr)
Offer for Sale14,579,560 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

GreenSignal Bio Pharma IPO Reservation

GreenSignal Bio Pharma IPO offers 14,579,560 shares. 10,934,670 (75.00%) to QIB, 2,186,934 (15.00%) to NII, 1,457,956 (10.00%) to RII. 8,331 RIIs will receive minimum 175 shares and (sNII) and (bNII) will receive minimum 2,800 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered10,934,670 (75.00%)NA
NII (HNI) Shares Offered2,186,934 (15.00%)
Retail Shares Offered1,457,956 (10.00%)8,331
Total Shares Offered14,579,560 (100%)

GreenSignal Bio Pharma IPO Timeline (Tentative Schedule)

GreenSignal Bio Pharma IPO opens on November 9, 2016, and closes on November 22, 2016.

IPO Open Date Wednesday, November 9, 2016
IPO Close Date Tuesday, November 22, 2016
Basis of Allotment Friday, November 18, 2016
Initiation of Refunds Monday, November 21, 2016
Credit of Shares to Demat Monday, November 21, 2016
Listing Date Tuesday, November 22, 2016
Cut-off time for UPI mandate confirmation 5 PM on November 22, 2016

GreenSignal Bio Pharma IPO Lot Size

Investors can bid for a minimum of 175 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 175 ₹13,300
Retail (Max) 15 2625 ₹199,500
Lot Size Calculator

About GreenSignal Bio Pharma Ltd

Incorporated in 2005, GreenSignal Bio Pharma is Chennai based pharmaceutical company engaged in the development, manufacture and sale of the BCG vaccine. source, India's No. 1 IPO Investment Portal. GreenSignal is an Indian vaccine manufacturing company with global operations. The products company manufacture includes a BCG vaccine and BCG-ONCO, an immunotherapy drug. The immunotherapy drug is used in the treatment of urinary bladder cancer.

Both vaccines produced by GreenSignal are generic drugs and company do not require any patents for the same.

GreenSignal has a long term contract with UNICEF to supply the BCG vaccine to UNICEF. GreenSignal is among 4 companies worldwide who have been WHO-prequalified to supply the BCG vaccine to UNICEF. Other customers include Indonesia, Nepal and Ministry of Health, India.

GreenSignal Pharma business is organized into domestic and international operations. For FY 2016, GreenSignal's domestic and international operations accounted for 53.79% and 46.20%, respectively, of its net revenues from operations. Visit for more detail.

GreenSignal Bio have a manufacturing facility located at Pappankuppam Village, Gummidipoondi, Tiruvallur District, Tamil Nadu.

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Lacs)
As at 30-Jun-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 7,099.80 6,934.17 5,866.98 5,694.50 5,387.48 5,718.08
Total Revenue 1,020.55 2,049.25 660.29 352.80 1,169.80 1,126.58
Profit After Tax (PAT) 293.09 530.95 (21.33) (129.71) (50.01) (48.11)

Key Performance Indicator

Objects of the Issue (GreenSignal Bio Pharma IPO Objectives)

The objects of the Offer are to:

1. Achieve the benefits of listing the Equity Shares on the BSE and the NSE;
2. To carry out the sale of up to 14,579,560 Equity Shares by the Selling Shareholders;
3. Enhance visibility and brand image among existing and potential customers; and
4. Provide liquidity to the existing shareholders.

GreenSignal Bio Pharma IPO Review (Apply)

[Dilip Davda]  This Company will enjoy first mover advantage in the important generic vaccine sector and will attract fancy going forward. Moderate investment may be considered for long term rewards as the issue size is small and will attract T segment listing for initial period due to which, short term rewards unlikely. Read detail review...

GreenSignal Bio Pharma IPO Subscription Status (Bidding Detail)

The GreenSignal Bio Pharma IPO is subscribed 1.02 times on November 22, 2016 5:00:00 PM. The public issue subscribed 8.47 times in the retail category, 0.21 times in the QIB category, and 0.13 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

IPO Notices

External Link

GreenSignal Bio Pharma IPO withdrawn

Book Running Lead Managers to the GreenSignal Bio Pharma Limited, has informed the Exchange that according to 26 (2) of SEBI (ICDR) Regulations, if 75% of the net offer to public cannot be allotted to QIBs, the entire application money shall be refunded forthwith. Hence, the IPO of GreenSignal Bio Pharama Limited may be treated as withdrawn.

GreenSignal Bio Pharma IPO Further Extended / Price Reduced

Book Running Lead Managers to the GreenSignal Bio Pharma Limited, has informed the Exchange that the issue closure date has been further extended upto 22 Nov,2016. Post issue modification date has been revised to 23 Nov,2016. Price band has been revised to Rs 68/- to Rs 76/-

GreenSignal Bio Pharma IPO Closing Date Extended

Book Running Lead Managers to the GreenSignal Bio Pharma Limited, has informed the Exchange that the issue closure date has been extended upto 17 Nov,2016. Post issue modification date has been revised to 18 Nov,2016.

GreenSignal Bio Pharma IPO Prospectus

GreenSignal Bio Pharma IPO Rating

Rating:Rated 3.9 stars
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GreenSignal Bio Pharma Ltd Contact Details

GreenSignal Bio Pharma Ltd
13/A - 3 Sai Niketan Circular Road,
United India Colony,
Kodambakkam, Chennai 600 024
Phone: +91 44 2472 2244

GreenSignal Bio Pharma IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

GreenSignal Bio Pharma IPO - Buy or Not

GreenSignal Bio Pharma IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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GreenSignal Bio Pharma IPO FAQs

GreenSignal Bio Pharma IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹68 to ₹76 per share. The minimum order quantity is 175 Shares.

The IPO opens on November 9, 2016, and closes on November 22, 2016.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The GreenSignal Bio Pharma IPO opens on November 9, 2016 and closes on November 22, 2016.

GreenSignal Bio Pharma IPO lot size is 175 Shares, and the minimum amount required is ₹13,300.

You can apply in GreenSignal Bio Pharma 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for GreenSignal Bio Pharma IPO will be done on Friday, November 18, 2016, and the allotted shares will be credited to your demat account by Monday, November 21, 2016. Check the GreenSignal Bio Pharma IPO allotment status.

The GreenSignal Bio Pharma IPO listing date is not yet announced. The tentative date of GreenSignal Bio Pharma IPO listing is Tuesday, November 22, 2016.
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GreenSignal Bio Pharma IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



383. only ipo ipo |   Link |  Bookmark |February 1, 2017 3:49:32 PM
any one got drbit msg from kotak & idbi bank ???
382. Ritesh patidar |   Link |  Bookmark |November 25, 2016 9:12:28 AM
Plz bataiye mene 12 application ki hai...amount kab unblock hogi...
381. Ritesh patidar |   Link |  Bookmark |November 25, 2016 9:11:39 AM
Amount kab unblock hogi sir ji....plz bataiye...
380. IWantToInvest |   Link |  Bookmark |November 24, 2016 10:23:27 PM
IPO withdrawal shows Lead Managers inability to convince QIB and to some extend HNI. Retail welcomed this issue.
380.1. CLD |   Link |  Bookmark |November 25, 2016 5:11:24 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
This is why only retailers lose their hard earned money. They don''t have knowledge but still invest as if others are fools.
379. Tax Consultant |   Link |  Bookmark |November 23, 2016 7:21:54 PM
Dear forum members, don''t worry. Your money will get released within 24-48 takes have some procedures to follow....relax and are saved from GSBPL shares.....
378. Ipo tracker |   Link |  Bookmark |November 23, 2016 5:10:07 PM (500+ Posts, 200+ Likes)
Green signal failed to get green signal.
378.1. Khemka |   Link |  Bookmark |November 23, 2016 9:32:23 PM (1000+ Posts, 400+ Likes)
Agreed but shameful situation may force them to return with 25/30 rs price ~~

26. Khemka Nov 20, 2016 5:19:39 PM IST Reply
GreenSignal Bio Pharma Ltd IPO

Greensignal should cancelled IPO rather than extending indefinitely in view of red signal given by qib .although retailers taking overwhelmly .
377. DURAISWAMY |   Link |  Bookmark |November 23, 2016 4:08:47 PM
376. Nagaaaa |   Link |  Bookmark |November 23, 2016 2:43:22 PM
When are they releasing blocked amount any idea till now i have not got. I have applied through ICICI IPO site.
375. Tax Consultant |   Link |  Bookmark |November 23, 2016 9:12:34 AM
Withdrawal of GSBPL is good for Retail Investors especially for those who wanted to unsubscribe but could not due to bank''s issue or any other would have lost investors money because there was probability that it was going to list at discount...So, it is good...
374. M.S.Narayana |   Link |  Bookmark |November 23, 2016 8:43:32 AM
As per today''s Business Line news paper, the IPO has been withdrawn as the QIB portion is under subscribed and unblocking of funds will be done.
373. DURAISWAMY |   Link |  Bookmark |November 22, 2016 6:22:58 PM
372. Rajadhiraj |   Link |  Bookmark |November 22, 2016 5:49:14 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
Why green signal flop show, any resonas ?
372.1. Lord Commander |   Link |  Bookmark |November 23, 2016 11:46:45 AM
Volatile Market

People would find some very good stocks with reduced price now
371. Saumil Thakkar |   Link |  Bookmark |November 22, 2016 5:43:55 PM
My ammont removed in sbi for gsb
Issue cancel huwa ?
370. Hanu chaudhary |   Link |  Bookmark |November 22, 2016 5:05:56 PM
Gsbpl IPO cancel

369. Share View |   Link |  Bookmark |November 22, 2016 4:45:36 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
OverAll subscription : 1.02 At 5:00 P.M
Source : NSE

Trapped Retailers were continuously withdrawing their applications after 1 P.M
Retail subscription falls from 8.58 to 8.47 times

Good lessons taught to GREEDY Promoters
Hope SHEELA may learn lesson from this fiasco


HOPE you 2 too have learnt something ever
As your nick name/pat name suggests you don''t have any basic knowledge & forever
Think twice thrice before you comment
369.1. Share View |   Link |  Bookmark |November 22, 2016 9:27:18 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
I too wonder ! ! !

When I see such stupid questions from people like you asking clarification which require no more

Before criticise anyone you must know fact & result
369.2. Share View |   Link |  Bookmark |November 23, 2016 1:13:30 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
You proved yourself coward baby !! with KISS

I am not confusing anyone . PROOF is that you only blame me & why not any one else ? Understand ? &
I don''t claim myself as a most useful or knowledgeable person.I am here to share views.
You said nobody likes post . I ask : are you nobody ?
I will not step backward & keep posting.

Once again I must tell you that you cannot proved that I have spread any rumour
368. IPOANALYSIS |   Link |  Bookmark |November 22, 2016 4:44:18 PM
Good News after long time from stock market.
367. WAS |   Link |  Bookmark |November 22, 2016 4:18:03 PM
Greensignal Bio Pharma IPO has been withdrawn by the Company
367.1. Nisarg Shah |   Link |  Bookmark |November 22, 2016 4:50:26 PM
Source of info pls?
366. Chitchor |   Link |  Bookmark |November 22, 2016 4:18:02 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
GOOD NEWS.......

365. CA Bhaumik Shah |   Link |  Bookmark |November 22, 2016 11:57:04 AM
SBI not accept application bid for cancellation which is filed online through net banking.
Is there any option how to cancel application bid which is filed online ?
365.1. YPM |   Link |  Bookmark |November 22, 2016 2:17:00 PM
Seam problem mere pass houva hai per meri thodi tipical hai mainey bidding other branch ki thi to uski vage sey meri consalation nahi kar rahey hai. Ab kya kar u. Koi rasta batavo..

364. Himanshug |   Link |  Bookmark |November 22, 2016 10:13:28 AM
Hi..Should i cancel this IPO? Any advice..?