FREE Account Opening + No Clearing Fees
Loading...

Genpharmasec Limited Rights Issue (Genpharmasec Rights Issue 2024) Detail

January 23, 2024 - February 13, 2024
Genpharmasec Limited Logo

Incorporated in 1992, is engaged in the purchase, sale and distribution of various pharmaceutical, medical and medicinal products.

The company develops, manufactures, distributes and supplies chemicals used in the production of pharmaceuticals, drug enzymes and sanitary napkins.

The company has entered into a partnership with Abbott Point of Care Corporation Inc. based in the USA to distribute their specialized diagnostic device, the i-STAT 1 Analyzer. This device is used exclusively in intensive care units and hospital ICCUs for immediate test results. The i-STAT 1 Analyzer is lightweight, portable and easy to use. It utilizes the advanced technology of the i-STAT test cassettes. Together they form the i-STAT system - a point-of-care testing platform that provides healthcare professionals with diagnostic information at the time and place it is needed.

Genpharmasec Rights Issue 2024 Detail

Issue Open January 23, 2024 - February 13, 2024
Security Name Genpharmasec Limited
Issue Size (Shares) 276,859,850
Issue Size (Amount) ₹48.45 Crores
Issue Price ₹1.75 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Full amount of Rs.1.75 per Equity Share is payable on application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Genpharmasec Rights Issue 2024 Issue Timetable

Last Date to buy sharesJanuary 8, 2024
Record Date January 9, 2024
Credit of Rights Entitlements
Bid/Offer Opens On January 23, 2024
Renunciation of Rights Entitlements February 2, 2024
Bid/Offer Closes On February 13, 2024
Deemed Date of Allotment February 16, 2024
Credit Date February 21, 2024
Listing Date February 26, 2024

Company Financials

Genpharmasec Limited Financial Information (Restated)

Genpharmasec Limited's revenue decreased by -6.56% and profit after tax (PAT) rose by 637.15% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets19.8821.6527.82
Revenue25.6227.4121.64
Profit After Tax1.12-0.211.26
Net Worth29.9128.7828.99
Reserves and Surplus28.7828.99
Total Borrowing3.08
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the Issue towards funding the following objects:

  1. To acquire Equity Shares from existing shareholders of Derren Healthcare Private Limited and make it a subsidiary Company
  2. To repay or prepay, in full or in part, certain Borrowings availed by our Company.
  3. To part finance the requirement of Working Capital;
  4. To meet General corporate purposes;
  5. To meet the expenses of the Issue.

Genpharmasec Rights Issue 2024 Subscription Status

Genpharmasec Rights Issue 2024 got oversubscribed by 1.5 times by the end of the bidding period with total bid quantity received by BSE of 414,741,563 shares.

Genpharmasec Rights Issue 2024 Documents

Genpharmasec Rights Issue 2024 Rating

29
3.9
Rating:Rated 3.9 stars
Vote Here ...

Genpharmasec Rights Issue 2024 Reviews

Company Contact Information

Genpharmasec Limited
Office No. 104 & 105 (1st Floor),
Gundecha Industrial Premises, Co-Op Society Ltd
Akurli Road, Kandivali (East), Mumbai,- 400101

Phone: +91- 86555 50242
Email: info@genpharmasec.com
Website: https://www.genpharmasec.com/

Genpharmasec Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: newissue@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Genpharmasec Rights Issue 2024 Lead Manager(s)

Genpharmasec Rights Issue 2024 FAQs

The Genpharmasec Rights Issue 2024 opens on January 23, 2024, and closes on February 13, 2024.

Genpharmasec Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFebruary 2, 2024
Issue Opening DateJanuary 23, 2024
Issue Closing DateFebruary 13, 2024
Date of Allotment (on or about)February 16, 2024
Date of Credit (on or about)February 21, 2024
Date of Listing (on or about)February 26, 2024

Genpharmasec Rights Issue 2024 price is set at ₹1.75 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (January 9, 2024).

The record date for the Genpharmasec Rights Issue 2024 is January 9, 2024.

The issue size of Genpharmasec Rights Issue 2024 is of 276,859,850 equity shares at ₹1.75 per share aggregating upto ₹48.45 Crores.

The Letter of Offer for Genpharmasec Rights Issue 2024 can be download here.

You can apply for Genpharmasec Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Genpharmasec Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Genpharmasec Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Genpharmasec Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Genpharmasec Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Genpharmasec Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

15 Comments

15. Bala sai     Link|February 22, 2024 7:11:20 PM
amount debited from my bank account, i can see the approved shared in my demat account under the IPO/Rights sections. i hope it will be credited to the main portfolio on 26th or 27th Feb. waited for two months and can wait till next week. however, all this rights issue does not seems any great or profitable to the retail investor. I price on 9th Jan is 8.70 the rights lock date so now even they are credited there is no profit. it would have been the same if we would have purchased todays. would had made some profit on other stocks by now.
15.1. Gi     Link|March 3, 2024 12:48:25 AM
Hey , how can you be so sure ?it will reach by 40-50 at the end of year?
15.2. Bala Sai     Link|March 4, 2024 8:23:25 AM
hi, i am not sure but just did some wild calculation with regard to the idea of rights. considering the past of cal behind the issue of rights to of any company and how the money is used. But now i am taking my words back after watching how the pricing is running down. the operator is playing in the other direction if you see the pattern the shares that are getting sold is from the promotors not the retail investors. by this Qtr end March 24 we can definitely see that promotors decreased their shares percent. this is just my assumptions may not be right. pls do your own calculations.
14. Bunty     Link|February 22, 2024 5:49:36 PM
AMOUNT DEBITED FROM ACCOUNT SHARES WILL B CREDITED BY TOMRROW AND WILL B ABLE TO SELL ON TUESDAY.
14.1. HASTIMAL JAIN     Link|February 29, 2024 6:46:50 PM
same thing happened with me
amount debited from my a/c but shares not credited in my account
13. Vimal Kishore     Link|February 29, 2024 2:11:08 PM
I am existing share holder of Gen pharma and applied for RE through my bank a/c . Share alloted but yet not credited in my portfolio yet. When wil. I can see same shares in my portfolio.
12. Nadeem     Link|February 29, 2024 8:22:28 AM
G****d company nhi baski kuch krna chori krne lge ase kisi ke pese qu ठग राय हो
12.1. Nadeem     Link|February 29, 2024 8:41:08 AM
Ab kya hoga un shear ka kuch jvab milega ya nhi
11. Bunty     Link|February 28, 2024 6:55:36 AM
SHARES CREDITED, BUT WITH DIFFERENT INE SO CNT SELL UNTIL CONVERTED IN REAL INE
11.1. Siva     Link|February 28, 2024 9:06:34 AM
Not credited in my account
10. BUNTY     Link|February 27, 2024 3:44:15 PM
I CALLED TO REGISTAR, HE TOLD ME IT WILLL B CREDITED BY TOMORROW AND CONVERTED TILL FRIDAY TO SELL STOCK, DONT SELL IT WILL B 8 AGAIN SOMEONE IS TAKE OVER COMPANY.
10.1. Bala Sai     Link|February 27, 2024 9:50:35 PM
none is taking over the company, they are working on debt restructuring and also purchasing shares of Derren Healthcare Private Limited and make it as subsidiary. the total process will be completed by the end of this year. the stock price of GenP is expected to be between 40 - 50 by Dec 2024.
9. James     Link|February 27, 2024 1:05:18 PM
Money debited but share not credit in my DMAT?.
8. Raja M     Link|February 27, 2024 10:14:10 AM
I applied RE When will credite my Right issue shares in
Demate Account
7. Jitendra gupta     Link|February 27, 2024 8:44:40 AM
Kab credit ho mere ac mai RE share
7.1. rahul verma     Link|February 27, 2024 10:11:14 AM
same here i applied as renouncee.. IF someone have any news about it plz share
6. Raja M     Link|February 26, 2024 10:21:53 AM
When will credite my Right issue shares in
Demate Account
5. Kamlesh     Link|February 21, 2024 7:08:46 PM
No amount has deducted from my bank account or release any payment and neither credited share in account? Anybody has done please reply
5.1. Rohit Patravale     Link|February 22, 2024 11:03:14 AM
Same here
4. Bhagya     Link|February 13, 2024 9:42:26 PM
If we are not a existing shareholders,and applied application in ipo asba for right issue then application
will be alloted or it will be cancelled
4.1. Vijay     Link|February 21, 2024 9:12:25 PM
Only existing shareholders can apply in rights...as such your application is void.
3. Kamlesh     Link|February 21, 2024 6:57:55 PM
Today is credit date of share still money is blocked what to think?
2. DHANANJAYA A L     Link|February 21, 2024 3:14:08 PM
When shares will be allocated i did not receive any information
1. munna     Link|February 21, 2024 10:57:42 AM
kab aaenge share

Compare rights issues with Genpharmasec Rights Issue 2024