Incorporated in 2009, Vadivarhe Speciality Chemicals Ltd (VSCL) is primarily engaged in manufacturing of Speciality chemicals, Active Pharmaceutical ingredients, intermediate and personal care ingredients.
It is a a globally active, Indian chemical producer, focused on organic chemicals and custom synthesis. It has entered into an agreement with Enaltec Labs Pvt Ltd in December 2012 to manufacture API products for them for a period of 10 years based on the material and specification provided by them. The company has also entered into an agreement with Zenvision Pharma LLP for offering its manufacturing facility on Loan and License basis. Some of its major clients are Glaxo Smithkline Pharmaceuticals Ltd, Fine Organics Ltd UK, Chem-Impex International INC, D C Fine Chemicals, USV Ltd, Lupin Ltd, Mankind Pharma Limited, Himedia Laboratories Pvt. Ltd., Hetero Labs Ltd & many others in the Domestic and International sector.
The promoters of the company are:
1. Mr. Sunil Haripant Pophhale
The object of the issue are to:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
| IPO Date | May 22, 2017 - May 25, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 3,444,000 Eq Shares of ₹10 (aggregating up to ₹14.46 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹42 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹126,000 |
| Maximum | 1 | 3000 | ₹126,000 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
May 25, 2017 17:00 | ||||||
| Listing Date | Friday, June 2, 2017 |
| BSE Script Code | |
| NSE Symbol | VSCL |
| Listing In | |
| ISIN | INE551Q01028 |
| IPO Price | ₹42 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Vadivarhe Speciality Chemicals Ltd
Gat No. 204,
Vadivarhe,
Igatpuri, Maharashtra - 422403
Phone: +91-2553-282200
Email: cs@vscl.co.in
Website: http://www.vscl.net.in
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email:
Website: http://www.bigshareonline.com
Vadivarhe Speciality IPO is a SME IPO of 3,444,000 equity shares of the face value of ₹10 aggregating up to ₹14.46 Crores.
The issue price of the IPO is ₹42 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on May 22, 2017 and closes on May 25, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Vadivarhe Speciality IPO opens on May 22, 2017 and closes on May 25, 2017.
Vadivarhe Speciality 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.
The finalization of Basis of Allotment for Vadivarhe Speciality IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vadivarhe Speciality IPO allotment status.
Vadivarhe Speciality IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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Top Contributor (200+ Posts, 500+ Likes)
New here. :) Any idea why the stock is dropping daily? Nothing seems to be wrong in news anywhere. I entered at 128. Am I screwed or is their hope?