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
Falgun Vallabhbhai Savani and Jignesh Vallabhbhai Savani are the promoters of the company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||241.88||149.53||184.78||42.18|
The Net Proceeds from Issue towards the following objects:
1. Funding the working capital requirements of the Company; and
2. General corporate purposes.
|Issue Open||May 3, 2019 - May 8, 2019|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||1,672,000 Eq Shares of Rs 10 |
(aggregating up to Rs 8.53 Cr)
|Fresh Issue||1,672,000 Eq Shares of Rs 10 |
(aggregating up to Rs [.] Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 51 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||NSE SME|
|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|
|Pre Issue Share Holding||99.55%|
|Post Issue Share Holding||72.82|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
May 8, 2019 17:00
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Par Drugs and Chemicals Limited
805, Dwarkesh Complex,
R.C. Dutt Road,
Alkapuri, Vadodara-390 007,
Phone: +91 265 2332018
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