Vadivarhe Speciality Chemicals Ltd IPO (Vadivarhe Speciality IPO) Detail

May 22, 2017 - May 25, 2017

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.

Objects of the Issue

The object of the issue are to:

1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Vadivarhe Speciality IPO Details

IPO Date May 22, 2017 to May 25, 2017
Listing Date Friday, June 2, 2017
Face Value ₹10 per share
Price ₹42 per share
Lot Size 3000 Shares
Issue Size3,444,000 shares of ₹10
(aggregating up to ₹14.46 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Mr. Sunil Haripant Pophhale

Vadivarhe Speciality IPO Lot Size

The Vadivarhe Speciality IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹126,000
Retail (Max) 1 3000 ₹126,000

Vadivarhe Speciality IPO Review

Investors may consider investment from short to long term in this reasonably priced issue of Vadivarhe Speciality NSE SME IPO. Read detail review...

Vadivarhe Speciality IPO Subscription Status (Bidding Detail)

The Vadivarhe Speciality IPO is subscribed times on May 25, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Vadivarhe Speciality IPO Prospectus

Vadivarhe Speciality IPO Rating

Rating:Rated 3.5 stars
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Vadivarhe Speciality IPO Listing Date

Listing Date Friday, June 2, 2017
BSE Script Code
Listing In
ISIN INE551Q01028
IPO Price ₹42 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Vadivarhe Speciality Chemicals Ltd
Gat No. 204,
Igatpuri, Maharashtra - 422403
Phone: +91-2553-282200

Vadivarhe Speciality IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Vadivarhe Speciality IPO Review

Vadivarhe Speciality IPO Recommendation Summary

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Vadivarhe Speciality IPO FAQs

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 is priced at ₹42 per share. The minimum order quantity is 3000 Shares.

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 lot size is 3000 Shares and the minimum order quantity is .

You can apply in Vadivarhe Speciality 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 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.

The Vadivarhe Speciality IPO listing date is on Friday, June 2, 2017.
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Vadivarhe Speciality IPO Message Board

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97. balusuaditya |   Link |Jun 21, 2017 7:47:22 PM
Hey guys,
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?
96. CA M&co.Jodhpur |   Link |Jun 15, 2017 7:57:22 PM
Huge gain to shareholders from listing gain.
95. jonam |   Link |Jun 7, 2017 9:55:53 PM
Ramesh Damani bought 1 lac VSCL at 75 Rs.
94. Ficpl |   Link |Jun 6, 2017 2:51:42 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
I think you are in CBI so able to know faster ...
93. lakshya agg |   Link |Jun 6, 2017 2:42:20 PM
CBI raid on vscl
92. lakshya agg |   Link |Jun 5, 2017 11:59:43 AM
t raised further equity at a price of Rs. 1000 per share in 2010 and has also issued bonus shares in the ratio of 8 for 1 in January 2010, 1.5 for 1 in February 2013 and 3 for 2 in February 2016. Post issue, company’s current paid up equity capital of Rs. 12.09 crore will stand enhanced to Rs. 12.78 crore.
91. IPOANALYSIS |   Link |May 31, 2017 2:41:56 AM

No allotment in quite a few sme last applied.
91.1. Yashesh Ajmera |   Link |May 31, 2017 1:13:25 PM
Still better than getting alloted and listing at discount even though quoted at high premium before listing
91.2. Smiter |   Link |Jun 3, 2017 11:51:44 AM
should VSCL be bought from open market & held for 6-8 mths or even a year ??
90. arbandyo |   Link |Jun 3, 2017 7:34:09 AM
Shares alloted to me money debited,ndsl SMS came for allocation in demat on 2 days back. But still my demat in icici bank does not showing the shares. What to do now. Icici does not trade in SME NSE or bse. IH that case what I will do, any suggesting. Thanks
89. lakshya agg |   Link |Jun 2, 2017 9:13:16 PM
Key Events and Mile Stones :
-Certificate of Star Export House Category I by DGFT
-Company has received ISO 9001:2015 for manufacturing, marketing & Supply of active pharmaceutical ingredients and intermediates from QS Zurich AG
-Company has Certificate for Good Laboratory Practices for manufacturing, marketing & Supply of active pharmaceutical ingredients and intermediates from QS Zurich AG
-Company has Certificate for WHO-GMP for manufacturing, marketing & Supply of active pharmaceutical ingredients and intermediates from QS Zurich AG
88. lakshya agg |   Link |Jun 2, 2017 9:12:03 PM
The Company was originally incorporated on February 23, 2009 as "Vadivarhe Speciality Chemicals Limited" vide Registration no. 11-190516/2008-2009 (CIN: U24100MH2009PLC190516) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai and received Certificate for Commencement of Business on March 06, 2009. The company was incorporate in year 2009 and prior to the incorporation of the company, Fem Care Pharma Ltd was promoted by the promoter Mr. Sunil Haripant Pophale which was later taken over by Dabur India Ltd in the year 2009. Mr. Sunil Haripant Pophale sold his stake in Fem Care Pharma Ltd to Dabur India Ltd and as per the terms and condition of the Division Transfer Agreement dated May 07, 2009 the Speciality chemical division of Fem Care Pharma Limited was transferred to Vadivarhe Speciality Chemicals Limited. After the above transfer we are running the Speciality chemical division under the leadership of the promoter Mr. Sunil Haripant Pophale.
87. Ficpl |   Link |May 31, 2017 10:31:29 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Any buyer in ahmedabad ?
87.1. Ficpl |   Link |Jun 2, 2017 2:35:17 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
It is good that no buyer at that point in time. Allotted 2 Lots ... now holding it for 1 month..
86. Prabhakaran Kuppusamy |   Link |May 30, 2017 8:42:34 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Allotment is out.
I got 0/1 :-(
86.5. Yashesh Ajmera |   Link |Jun 2, 2017 12:53:09 PM
Prabhakaran, if I may ask, would you be a buyer at current levels here?
86.6. Prabhakaran Kuppusamy |   Link |Jun 19, 2017 11:14:00 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
No. The script has already moved 200% - I don''t see any justification to buy now.
85. Yashesh Ajmera |   Link |Jun 2, 2017 12:52:24 PM
Congratulations to all allottees. Would advise to hold.
84. dipak |   Link |May 31, 2017 12:31:34 AM
6 out of 6..... Oh god.....Lovely.
84.3. CHOCKALINGAM |   Link |May 31, 2017 3:40:15 PM
84.4. Market Pundit |   Link |Jun 2, 2017 12:09:18 PM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
Dont rumored depak.. corrupt allotmenters may start wondering how it possible
83. purshottam kaushal |   Link |Jun 1, 2017 5:44:26 PM
Listing date?
83.1. Ficpl |   Link |Jun 2, 2017 12:13:49 AM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
2 June
82. lakshya agg |   Link |Jun 1, 2017 12:50:20 PM
whats the fair value
81. sunil s pareek |   Link |May 31, 2017 6:07:45 PM
dear Prabhakaran Kuppusamy sanginita is trading at 80% plus gains......
81.1. rtvvtr |   Link |Jun 1, 2017 12:05:54 PM
80. CA M&co.Jodhpur |   Link |Jun 1, 2017 7:41:07 AM
Congratulations to all Allotties
79. KHATED JAIN |   Link |May 31, 2017 5:54:04 PM
78. ronak tilva |   Link |May 31, 2017 4:50:55 PM