Par Drugs and Chemicals Limited IPO (Par Drugs IPO) Detail

May 3, 2019 - May 8, 2019

Incorporated in 1999, Gujarat based Par Drugs and Chemicals Limited is engaged in the business of manufacturing and developing active pharma ingredients (API) for the Indian and international markets. APIs are used as the main ingredient in making tablets, capsules, and other finished dosages. The company also produces various antacid molecules.

It has two manufacturing facilities located at Ankleshwar and Bhavnagar in Gujarat. Currently, the company has a total of 6 Fine Chemical and 12 API products which are available in the market of 17 countries, including India. Some of the customers of the company are Dabur India Ltd, Meyer Organics Pvt. Ltd, Cadila Healthcare Ltd., Cipla Ltd, and Pfizer Ltd. For fiscal 2018, the international and domestic operations recorded 86.88% and 13.12%, respectively from the total company sales.

The company has a testing laboratory to maintain quality standards for finished products and raw materials. Par Drugs and Chemicals Ltd also performs drying operations of the products provided by customers in the liquid form and converts them into powders.

The competitive strengths of the company are:

1. Diversified product range
2. International presence
3. Prompt sales & distribution network
4. A good track record
5. Strong chemistry capabilities

Company Promoters:

Falgun Vallabhbhai Savani and Jignesh Vallabhbhai Savani are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	5,135.55	5,393.89	5,604.14	5,803.08
Total Revenue	4,641.20	4,241.65	4,880.90	3,326.43
Profit After Tax	241.88	149.53	184.78	42.18

Objects of the Issue:

The Net Proceeds from Issue towards the following objects:

1. Funding the working capital requirements of the Company; and
2. General corporate purposes.

Par Drugs IPO Details

IPO Date	May 3, 2019 - May 8, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	1,672,000 Eq Shares of ₹10 (aggregating up to ₹8.53 Cr)
Fresh Issue	1,672,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Face Value	₹10 Per Equity Share
IPO Price	₹51 Per Equity Share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	NSE SME

Par Drugs IPO Tentative Date / Timetable

Bid/Offer Opens On	May 3, 2019
Bid/Offer Closes On	May 8, 2019
Finalisation of Basis of Allotment	May 13, 2019
Initiation of Refunds	May 14, 2019
Credit of Shares to Demat Acct	May 15, 2019
IPO Shares Listing Date	May 16, 2019

Par Drugs IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	2000	₹102,000
Maximum	1	2000	₹102,000

Par Drugs IPO Promoter Holding

Pre Issue Share Holding	99.55%
Post Issue Share Holding	72.82

Par Drugs IPO Subscription Status (Bidding Detail)

Par Drugs IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Employee	Total
Shares Offered	778,000	780,000	30,000	1,558,000
May 8, 2019 17:00	3.48x	7.97x	1.00x	5.74x

Par Drugs IPO Prospectus

› Par Drugs IPO DRHP
› Par Drugs IPO RHP

Par Drugs IPO Rating

130

3.9

Rating:

Vote Here ...

Par Drugs IPO Listing Date

Listing Date	Thursday, May 16, 2019
BSE Script Code
NSE Symbol	PAR
Listing In
ISIN	INE04LG01015
IPO Price	₹51 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹51.00
Open:	₹52.90
Low:	₹50.30
High:	₹52.90
Last Trade:	₹50.45
Volume:	600,000

Par Drugs IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

Company Contact Information

Par Drugs and Chemicals Limited
805, Dwarkesh Complex,
R.C. Dutt Road,
Alkapuri, Vadodara-390 007,

Phone: +91 265 2332018
Email: cs.sanket@pardrugs.com
Website: http://pardrugs.com/

Par Drugs IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: pardrugs.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Par Drugs IPO Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Par Drugs IPO FAQs

1. What is Par Drugs IPO?

Par Drugs IPO is a SME IPO of 1,672,000 equity shares of the face value of ₹10 aggregating up to ₹8.53 Crores.

The issue price of the IPO is ₹51 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.

The IPO opens on May 3, 2019 and closes on May 8, 2019.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
2. When Par Drugs IPO will open?

The Par Drugs IPO opens on May 3, 2019 and closes on May 8, 2019.
3. How to apply for Par Drugs IPO?

Par Drugs IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When Par Drugs IPO allotment?

The finalization of Basis of Allotment for Par Drugs IPO will be done on May 13, 2019, and the allotted shares will be credited to your demat account by May 15, 2019. Check the Par Drugs IPO allotment status.
5. When is Par Drugs IPO listing date?

The Par Drugs IPO listing date is on Thursday, May 16, 2019, at NSE SME.
6. What is the lot size of Par Drugs IPO?

Par Drugs IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

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Useful Articles

Par Drugs IPO Review / Comments

167. Nanavath srinivas May 29, 2019 12:21

Hw is dis company drugs position

166. Dukhi Investor May 27, 2019 18:49

Price kab badhega?

165. KING VINOD May 19, 2019 20:57

IPO Guru (1200+ Posts, 2600+ Likes)

Most of Channels Exit Polls showing NDA will going to get clear majority.

165.1. Pardip May 20, 2019 14:03

What to do in polycab and metropolis

165.2. Pardip May 20, 2019 14:03

Holding ipo allotments

164. Carn Mohan May 17, 2019 19:04

IPO Mentor (700+ Posts, 200+ Likes)

After listening Pantamath don't care IPOs.
Look Inovative tyres and tubes Ltd. IPO price ₹45 and now ₹ 20 only.

163. VforVijayt May 17, 2019 16:36

exited 50.75 price. Pathetic experience with my first SME allotment.

162. KING VINOD May 17, 2019 14:19

IPO Guru (1200+ Posts, 2600+ Likes)

Par Trading Near Issue price, low risk traders and listing gainers those who are holding cant exit now

161. MR. KUMAR May 17, 2019 11:57

After 1 to 2 months this stock will be trade on 70 to 75. Because this company offers his shares to promoters at RS 65 per shares and also his employees is involve in it.Pantomath is also involve. This is my thought.

160. Carn Mohan May 17, 2019 10:20

IPO Mentor (700+ Posts, 200+ Likes)

LC till 32

159. Hiteshji May 17, 2019 09:13

Top Contributor (300+ Posts, 200+ Likes)

Now break time in IPO market till June.

158. MR. KUMAR May 16, 2019 21:46

Tommorow again down and down .

157. RAJAKUMAR May 16, 2019 17:09

IPO Guru (1300+ Posts, 900+ Likes)

Dear Arjun
I am one of the Pantamoth lovers. i already told this forum, that one should invest all the Pantamoth stocks in a year , he will get 7 out of 10 stocks in positive listing. Today also it is positive listing. I exit tthree lot at discovered price and one lot at 51. I am always saying sme stocks is only for risk takers .Sme stocks for brave hearts only.
I am always sell on listing, whether it is list with premium or discount .
This principal is followed in main line ipo also, for the past 30 years.
I entered sme stock two years back only due to slow down in main line ipo.
Sme stock is always operator driven nobody predict at the time of ipo.
Any way thank you for your kind advise sir.

Load more comments (1 replies)

157.2. VIJAY GALANI May 16, 2019 18:42

Dear Rajaji, We appreciate ur valuable comments and advise and seeing into that only we subsribe an ipo/sme.
The fault was with INDIABULLS SHUBH WEB.
The app was not working.
Then also quit the stock at 50.3 its just that loss is ok
but return of capital is more important then return on capital.

No need to say sorry at all.
Keep guiding.

157.3. medge May 16, 2019 20:44

IPO Mentor (600+ Posts, 900+ Likes)

Dear RAJAKUMAR Sir, you always keep sharing your true experience, you are one of the Very humble person on this forum.

Where to apply and when to exit it's all individuals decision, no one should blame anyone.
Everyone has brain and their own logic, knowledge, learnings and experience which all should use before taking action.

156. Hiteshji May 16, 2019 17:41

Top Contributor (300+ Posts, 200+ Likes)

Remember all Ahmedabad based company are subject to listing gain. Jo Mila Nikal lo. Otherwise heavy loss. Check. History of sme IPO of Ahmedabad base company.
Remember next time.

155. RAJAKUMAR May 16, 2019 17:31

IPO Guru (1300+ Posts, 900+ Likes)

Dear Arjun Patel
Are you R.P

154. RAJAKUMAR May 16, 2019 10:51

IPO Guru (1300+ Posts, 900+ Likes)

Dear Small
Sir if you knows any company H.. P.. stake inform. We can submit application at the time of ipo.

Load more comments (6 replies)

154.7. VIJAY GALANI May 16, 2019 14:29

Dear Rajakumarji can u please share any details for further moving of stock whether to hold or to sell in morning itself as market opens.

please guide.as want to get out of this counter

154.8. RAJAKUMAR May 16, 2019 17:20

IPO Guru (1300+ Posts, 900+ Likes)

Dear Vijay
Sorry sir i exited at earliest.
Tomorrow sell it if you can.
I told several times i am listing gainer and sme stock is not for long term. Long term stock is available in main line ipo and stocks, as mentioned by Arjun Patel.

153. RAJAKUMAR May 16, 2019 17:13

IPO Guru (1300+ Posts, 900+ Likes)

Dear Arjun Patel
Cian book value is 13 but it came at 65. Poor response. It may Surprise all the market loves and it may list with premium.
No one predict Artemis listing and past three issues listing.

152. medge May 16, 2019 17:00

IPO Mentor (600+ Posts, 900+ Likes)

When employee put exact 100% bid that time only we should smell a rat.

151. varunSMECORNER May 16, 2019 15:58

72000 seller is not as much

will be on upper circuit tomorrow

150. Arjun Patel May 16, 2019 14:56

Where are Pantomath Lovers?

Any LM whoes Not Able to sustain price on listing is according to me is fraud.

Why Par was valued at 51.
If They are not able to sustain means They are not confident in Themselves.

It Cleary indicates that They have left it to Retail People to Play with stocks.

Huh!!
Till When this is going to be happen.
Hem Guniess Fedex Pantomath

I find it strange U must value Reasonable
Par should have been Valued at 35.
Then I as an investor is ready to put money Given some room.

Stop Chasing SME. You won't get Rich in a day.
Buy Large caps Gem which are and soon will be Availbale at cheap valuation.
Atleast Wont eat your Capital
Most of the SMEs have erroded 40 % capital on Avg. Some have Even Cleaned 80% money.

Look at Bansal JFL Moksh MP Silly monks
Many are in single Digit

Wake UP Boys.

Let them Do Satta.

Money is Yours Be Safe

150.1. Common man view May 16, 2019 15:44

@arjun Patel
Great.....man......very very valuable inputs on this stage must read all the members before jumping in this segment....thanks for your guidance ..will definitely helpful to punters and all......

149. Arjun Patel May 16, 2019 14:58

I have more than
10 Banks
10 Pharma
10 OMC
10 Auto

Which can give 20% Annual Return even in Worst Scenario With Minimum Risk

149.1. coolaks May 16, 2019 15:18

Hi Arjun

Can you let me know which 10stocks you have which can give 20% return.

148. Arjun Patel May 16, 2019 15:03

Book Value 65/-
Price 51
Now LC.
SME with BV 0 can be a Hit Provided Promoters controls it.

Let's Pray LC is open and Retail is able to Exit at 51/-

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Par Drugs and Chemicals Limited IPO (Par Drugs IPO) Detail

Company Promoters:

Company Financials:

Objects of the Issue:

Par Drugs IPO Details

Par Drugs IPO Tentative Date / Timetable

Par Drugs IPO Lot Size and Price (Retail)

Par Drugs IPO Promoter Holding

Par Drugs IPO Subscription Status (Bidding Detail)

Par Drugs IPO Prospectus

Par Drugs IPO Rating

Par Drugs IPO Listing Date

Listing Day Trading Information

Par Drugs IPO Reviews / Ratings

Company Contact Information

Par Drugs IPO Registrar

Par Drugs IPO Lead Manager(s)

Par Drugs IPO FAQs

1. What is Par Drugs IPO?

2. When Par Drugs IPO will open?

3. How to apply for Par Drugs IPO?

4. When Par Drugs IPO allotment?

5. When is Par Drugs IPO listing date?

6. What is the lot size of Par Drugs IPO?

Find Par Drugs IPO Latest Update

Par Drugs IPO Review / Comments