The Rs 65.18 crore Birla Pacific Medspa IPO is a book-built offering. Bidding for the Birla Pacific Medspa IPO began on June 20, 2011, and concluded on June 23, 2011. On July 7, 2011, the shares were listed on the BSE. The pricing range for the Birla Pacific Medspa IPO is ₹10 to ₹11 per share. Applications must have a minimum lot size of 500 shares. Retail investors are required to invest a minimum of ₹5,500.
Birla Pacific Medspa Limited is a healthcare company with its headquarters in India that was founded in 2008. Yash Birla Group, a Rs 30 billion conglomerate of more than 20 diverse companies, and Pacific Healthcare, the top healthcare provider in East Asia with hospitals in Singapore, Hong Kong, and China, have partnered to create Birla Pacific Medspa. In India, Birla Pacific Medspa offers medical operations connected to beauty. The globally qualified team of physicians uses cutting edge technology to deliver patient-centered solutions and the newest,
safest therapies. The company uses the moniker EVOLVE to operate its healthcare facilities. The company has two franchisees in Thane and Chennai and runs three healthcare facilities in Mumbai. Cosmetic Dermatology, Cosmetic & Plastic Surgery, General & Specialist Dentistry, and Maxillo Facial Prosthesis are among the areas of specialisation of the company. It has brought i-lipo, a non-surgical procedure for inch loss, to India for the first time.
Birla Pacific Medspa IPO Details
|IPO Date||June 20, 2011 to June 23, 2011|
|Listing Date||July 7, 2011|
|Face Value||₹10 per share|
|Price Band||₹10 to ₹11 per share|
|Lot Size||500 Shares|
|Total Issue Size||65,175,000 shares
(aggregating up to ₹65.18 Cr)
|Issue Type||Book Built Issue IPO|
Birla Pacific Medspa IPO Lot Size
Birla Pacific Medspa IPO Reservation
|Investor Category||Shares Offered||Maximum Allottees|
|Anchor Investor Shares Offered||–||NA|
|QIB Shares Offered||32,587,500 (50.00%)||NA|
|NII (HNI) Shares Offered||9,776,250 (15.00%)|
|Retail Shares Offered||22,811,250 (35.00%)||45,622|
|Total Shares Offered||65,175,000 (100%)|
Objects of the Issue (Birla Pacific Medspa IPO Objectives)
The objects of the issue are
- To meet the capital expenditure towards establishing 55 outlets of Evolve Medspa across various cities and places.
- To meet expenses towards brand promotion.
- To meet the working capital requirements for running the centers.
- To meet Issue related expenses.
- To enlist the Company’s Shares on Bombay Stock Exchange Limited (BSE).
Birla Pacific Medspa IPO Listing Details
|Listing Date||July 7, 2011|
|BSE Script Code||533469|
|Final Issue Price||₹10 per share|
Birla Pacific Medspa Listing Day Trading Information
|Final Issue Price||₹10.00|
Birla Pacific Medspa IPO FAQs
Q1. What is Birla Pacific Medspa IPO?
Ans. Birla Pacific Medspa IPO is a main-board IPO of 65,175,000 equity shares of the face value of ₹10 aggregating up to ₹65.18 Crores. The issue is priced at ₹10 to ₹11 per share. The minimum order quantity is 500 Shares. The IPO opens on June 20, 2011, and closes on June 23, 2011.
Q2. When Birla Pacific Medspa IPO will open?
Ans. The Birla Pacific Medspa IPO opens on June 20, 2011 and closes on June 23, 2011.
Q3. What is the lot size of Birla Pacific Medspa IPO?
Ans. Birla Pacific Medspa IPO lot size is 500 Shares, and the minimum amount required is ₹5,500.
Q4. When is Birla Pacific Medspa IPO listing date?
Ans. The Birla Pacific Medspa IPO listing date is on July 7, 2011.