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 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

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 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

› Draft Prospectus
› Red Herring Prospectus

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
› 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

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

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Useful Articles

Par Drugs IPO Review / Comments

165. KING VINOD May 19, 2019 19:57

IPO Mentor (900+ Posts, 1900+ Likes)

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

165.1. Pardip May 20, 2019 13:03

1 |

What to do in polycab and metropolis

165.2. Pardip May 20, 2019 13:03

Holding ipo allotments

164. Carn Mohan May 17, 2019 18:04

1 |

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.

163. VforVijayt May 17, 2019 15:36

4 |

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

162. KING VINOD May 17, 2019 13:19

2 |

IPO Mentor (900+ Posts, 1900+ Likes)

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

161. Yudi B🏅 May 6, 2019 09:33

2 |

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.

Load more comments (3 replies)

161.4. medge May 17, 2019 11:36

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

161.5. varunSMECORNER May 17, 2019 12:49

i think all employee share exit on day one at 52.9

160. MR. KUMAR May 17, 2019 10:57

2 |

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.

159. Carn Mohan May 17, 2019 09:20

IPO Mentor (600+ Posts, 200+ Likes)

LC till 32

158. Hiteshji May 17, 2019 08:13

Top Contributor (200+ Posts, 100+ Likes)

Now break time in IPO market till June.

157. MR. KUMAR May 16, 2019 20:46

Tommorow again down and down .

156. RAJAKUMAR May 16, 2019 16:09

4 |

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.

Load more comments (1 replies)

156.2. VIJAY GALANI May 16, 2019 17:42

1 |

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.

156.3. medge May 16, 2019 19:44

4 |

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.

155. Hiteshji May 16, 2019 16:41

1 |

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.

154. RAJAKUMAR May 16, 2019 16:31

IPO Guru (1000+ Posts, 600+ Likes)

Dear Arjun Patel
Are you R.P

153. RAJAKUMAR May 16, 2019 09:51

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.

Load more comments (6 replies)

153.7. VIJAY GALANI May 16, 2019 13:29

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

153.8. RAJAKUMAR May 16, 2019 16:20

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.

152. RAJAKUMAR May 16, 2019 16:13

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.

151. medge May 16, 2019 16:00

1 |

Top Contributor (300+ Posts, 300+ Likes)

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

150. varunSMECORNER May 16, 2019 14:58

5 |

72000 seller is not as much

will be on upper circuit tomorrow

149. Arjun Patel May 16, 2019 13:56

4 |

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

149.1. Common man view May 16, 2019 14:44

1 |

@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......

148. Arjun Patel May 16, 2019 13:58

2 |

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

148.1. coolaks May 16, 2019 14:18

Hi Arjun

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

147. Arjun Patel May 16, 2019 14:03

1 |

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/-

146. Carn Mohan May 16, 2019 13:44

1 |

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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