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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

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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 Opening Date May 3, 2019
IPO Closing Date May 8, 2019
Issue Type Fixed Price Issue IPO
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
Issue Size1,672,000 Eq Shares of ₹10
(aggregating up to ₹8.53 Cr)
Fresh Issue1,672,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Par Drugs IPO Tentative Timetable

The Par Drugs IPO open date is May 3, 2019, and the close date is May 8, 2019. The issue may list on May 16, 2019.

IPO Open Date May 3, 2019
IPO Close Date May 8, 2019
Basis of Allotment Date May 13, 2019
Initiation of Refunds May 14, 2019
Credit of Shares to Demat Account May 15, 2019
IPO Listing Date May 16, 2019

Par Drugs IPO Lot Size

The Par Drugs IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

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 Review

Investors may consider investment for the long term. Based on financial parameters (including P/BV data) issue appears reasonably priced. Promoters have converted shares at Rs. 66 while the issue is priced lower. Employees too are offered shares at the same price of IPO. Read detail review...

Par Drugs IPO Subscription Status (Bidding Detail)

The Par Drugs IPO is subscribed 5.74 times on 5/8/2019 5:00:00 PM. The public issue subscribed 7.97 times in the retail category, times in the QIB category, and 3.48 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII3.48
Retail7.97
Employee1.00
Total5.74

Par Drugs IPO Prospectus

Par Drugs IPO Rating

130
3.9
Rating:Rated 3.9 stars
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
NSE SME
IPO Price: ₹51.00
Open: ₹52.90
Low: ₹50.30
High: ₹52.90
Last Trade: ₹50.45

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

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

Par Drugs IPO Reviews / Ratings

Par Drugs IPO FAQs

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 is priced at ₹51 per equity share. The minimum order quantity is 2000 Shares.

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.

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

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

You can apply in Par Drugs 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 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.

The Par Drugs IPO listing date is on Thursday, May 16, 2019.

Par Drugs IPO Message Board

Ranked Members  Ranked Members

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318 Comments

167. Nanavath srinivas |May 29, 2019 12:21:55 PM
Hw is dis company drugs position
166. Dukhi Investor |May 27, 2019 6:49:26 PM
Price kab badhega?
165. KING VINOD |May 19, 2019 8:57:57 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ Likes)
Most of Channels Exit Polls showing NDA will going to get clear majority.
165.1. Pardip |May 20, 2019 2:03:34 PM
What to do in polycab and metropolis
165.2. Pardip |May 20, 2019 2:03:51 PM
Holding ipo allotments
164. Carn Mohan |May 17, 2019 7:04:11 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
After listening Pantamath don't care IPOs.
Look Inovative tyres and tubes Ltd. IPO price Rs 45 and now Rs 20 only.
163. VforVijayt |May 17, 2019 4:36:59 PM
exited 50.75 price. Pathetic experience with my first SME allotment.
162. KING VINOD |May 17, 2019 2:19:50 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ 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 11:57:22 AM
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 10:20:27 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
LC till 32
159. Hiteshji |May 17, 2019 9:13:33 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Now break time in IPO market till June.
158. MR. KUMAR |May 16, 2019 9:46:50 PM
Tommorow again down and down .
157. RAJAKUMAR |May 16, 2019 5:09:12 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ 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.
157.2. VIJAY GALANI |May 16, 2019 6:42:36 PM
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 8:44:38 PM
IPO Guru IPO Guru (1000+ Posts, 1700+ 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 5:41:27 PM
Top Contributor Top Contributor (400+ 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 5:31:43 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Arjun Patel
Are you R.P
154. RAJAKUMAR |May 16, 2019 10:51:16 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Small
Sir if you knows any company H.. P.. stake inform. We can submit application at the time of ipo.
154.7. VIJAY GALANI |May 16, 2019 2:29:29 PM
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 5:20:29 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ 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 5:13:45 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ 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 5:00:16 PM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
When employee put exact 100% bid that time only we should smell a rat.
151. varunSMECORNER |May 16, 2019 3:58:07 PM
72000 seller is not as much

will be on upper circuit tomorrow
150. Arjun Patel |May 16, 2019 2:56:45 PM
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 3:44:20 PM
@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 2:58:14 PM
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 3:18:30 PM
Hi Arjun

Can you let me know which 10stocks you have which can give 20% return.
148. Arjun Patel |May 16, 2019 3:03:46 PM
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/-