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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

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

Issue OpenMay 3, 2019 - May 8, 2019
Issue TypeFixed Price Issue IPO
Issue Size1,672,000 Eq Shares of Rs 10
(aggregating up to Rs 8.53 Cr)
Fresh Issue1,672,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 51 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Par Drugs IPO Tentative Date / Timetable

Bid/Offer Opens OnMay 3, 2019
Bid/Offer Closes OnMay 8, 2019
Finalisation of Basis of AllotmentMay 13, 2019
Initiation of RefundsMay 14, 2019
Credit of Shares to Demat Acct:May 15, 2019
IPO Shares Listing Date:May 16, 2019

Par Drugs IPO Promoter Holding

Pre Issue Share Holding99.55%
Post Issue Share Holding72.82

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 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
  •   ›  Issue Price: Rs 51 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
NSE SME
Issue Price:Rs 51.00
Open:Rs 52.90
Low:Rs 50.30
High:Rs 52.90
Last Trade:Rs 50.45
Volume:600,000

Par Drugs IPO Reviews / Ratings

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

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Par Drugs IPO Review / Comments

avatar
165. KING VINOD  May 19, 2019 19:57 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 1900+ Likes)
Most of Channels Exit Polls showing NDA will going to get clear majority.
avatar
165.1. Pardip  May 20, 2019 13:03 I Like It. 1 | Report Abuse
What to do in polycab and metropolis
avatar
165.2. Pardip  May 20, 2019 13:03 I Like It. | Report Abuse
Holding ipo allotments
avatar
164. Carn Mohan  May 17, 2019 18:04 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
After listening Pantamath don't care IPOs.
Look Inovative tyres and tubes Ltd. IPO price ₹45 and now ₹ 20 only.
avatar
163. VforVijayt  May 17, 2019 15:36 I Like It. 4 | Report Abuse Reply
exited 50.75 price. Pathetic experience with my first SME allotment.
avatar
162. KING VINOD  May 17, 2019 13:19 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 1900+ Likes)
Par Trading Near Issue price, low risk traders and listing gainers those who are holding cant exit now
avatar
161. Yudi B🏅  May 6, 2019 09:33 I Like It. 2 | Report Abuse Reply
Employees quota Fully subscribed. Seems that employees of the company have full faith in the company. Although it is just 15 application but is good considering the overall size of the IPO.
avatar
161.4. medge  May 17, 2019 11:36 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
As per basis of allotment 9 applications (15 lots) made by employee.


Problem is in par, as per basis of allotment no any single HNI bid major shares in this.

However in artemis and cian two to three major bids from HNI, One already listed in premium let's see how cian list
avatar
161.5. varunSMECORNER  May 17, 2019 12:49 I Like It. | Report Abuse
i think all employee share exit on day one at 52.9
avatar
160. MR. KUMAR  May 17, 2019 10:57 I Like It. 2 | Report Abuse Reply
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.
avatar
159. Carn Mohan  May 17, 2019 09:20 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
LC till 32
avatar
158. Hiteshji  May 17, 2019 08:13 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Now break time in IPO market till June.
avatar
157. MR. KUMAR  May 16, 2019 20:46 I Like It. | Report Abuse Reply
Tommorow again down and down .
avatar
156. RAJAKUMAR  May 16, 2019 16:09 I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
156.2. VIJAY GALANI  May 16, 2019 17:42 I Like It. 1 | Report Abuse
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.
avatar
156.3. medge  May 16, 2019 19:44 I Like It. 4 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ 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.

avatar
155. Hiteshji  May 16, 2019 16:41 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ 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.
avatar
154. RAJAKUMAR  May 16, 2019 16:31 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Dear Arjun Patel
Are you R.P
avatar
153. RAJAKUMAR  May 16, 2019 09:51 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Dear Small
Sir if you knows any company H.. P.. stake inform. We can submit application at the time of ipo.
avatar
153.7. VIJAY GALANI  May 16, 2019 13:29 I Like It. | Report Abuse
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
avatar
153.8. RAJAKUMAR  May 16, 2019 16:20 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
152. RAJAKUMAR  May 16, 2019 16:13 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
151. medge  May 16, 2019 16:00 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
When employee put exact 100% bid that time only we should smell a rat.
avatar
150. varunSMECORNER  May 16, 2019 14:58 I Like It. 5 | Report Abuse Reply
72000 seller is not as much

will be on upper circuit tomorrow
avatar
149. Arjun Patel  May 16, 2019 13:56 I Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1800+ Likes)
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
avatar
149.1. Common man view  May 16, 2019 14:44 I Like It. 1 | Report Abuse
@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......
avatar
148. Arjun Patel  May 16, 2019 13:58 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1800+ Likes)
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
avatar
148.1. coolaks  May 16, 2019 14:18 I Like It. | Report Abuse
Hi Arjun

Can you let me know which 10stocks you have which can give 20% return.
avatar
147. Arjun Patel  May 16, 2019 14:03 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1800+ Likes)
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/-

avatar
146. Carn Mohan  May 16, 2019 13:44 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I told 3 days ago that HNIs are not interested listing will not be good.



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