The GreenSignal Bio Pharma IPO is a book-built offering. The offering consists wholly of 1.46 crore shares for sale. Bidding for GreenSignal Bio Pharma’s initial public offering (IPO) began on November 9, 2016 and finished on November 22, 2016. GreenSignal Bio Pharma’s initial public offering (IPO) allocation was completed on Friday, November 18, 2016. GreenSignal Bio Pharma IPO will be listed on the BSE and NSE on Tuesday, November 22, 2016. GreenSignal Bio Pharma’s initial public offering pricing range is set at $68 to $76 per share. A minimum lot size of 175 shares is required for an application. Retail investors must make a minimum investment of $13,300.
GreenSignal Bio Pharma, founded in 2005, is a Chennai-based pharmaceutical firm specialising in the discovery, manufacture, and commercialization of the BCG vaccination. GreenSignal is a global vaccine production firm based in India. The company’s products include a BCG vaccine and BCG-ONCO, an immunotherapy medication. The immunotherapy medication is used to treat urinary bladder cancer. GreenSignal has a long-term arrangement with UNICEF to provide the BCG vaccine. GreenSignal is one of four firms globally that have been
prequalified by WHO to deliver the BCG vaccine to UNICEF. Indonesia, Nepal, and India’s Ministry of Health are among the other customers. Both vaccines produced by GreenSignal are generic drugs and company do not require any patents for the same.
GreenSignal Pharma’s operations are divided into domestic and foreign divisions. GreenSignal’s domestic and overseas activities accounted for 53.79% and 46.20% of its net revenues from operations, respectively, in fiscal 2016. GreenSignal Bio has a production facility in Tiruvallur District, Tamil Nadu, at Pappankuppam Village, Gummidipoondi.
GreenSignal Bio Pharma IPO Details
| IPO Date | November 9, 2016 to November 22, 2016 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹68 to ₹76 per share |
| Lot Size | 175 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 14,579,560 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
GreenSignal Bio Pharma IPO Timeline
| IPO Open Date | Wednesday, November 9, 2016 |
| IPO Close Date | Tuesday, November 22, 2016 |
| Basis of Allotment | Friday, November 18, 2016 |
| Initiation of Refunds | Monday, November 21, 2016 |
| Credit of Shares to Demat | Monday, November 21, 2016 |
| Listing Date | Tuesday, November 22, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 22, 2016 |
GreenSignal Bio Pharma IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 10,934,670 (75.00%) | NA |
| NII (HNI) Shares Offered | 2,186,934 (15.00%) | |
| Retail Shares Offered | 1,457,956 (10.00%) | 8,331 |
| Total Shares Offered | 14,579,560 (100%) |
GreenSignal Bio Pharma IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 175 | ₹13,300 |
| Retail (Max) | 15 | 2625 | ₹199,500 |
Objects of the Issue (GreenSignal Bio Pharma IPO Objectives)
The objects of the Offer are to:
- Achieve the benefits of listing the Equity Shares on the BSE and the NSE;
- To carry out the sale of up to 14,579,560 Equity Shares by the Selling Shareholders;
- Enhance visibility and brand image among existing and potential customers; and
- Provide liquidity to the existing shareholders.
GreenSignal Bio Pharma Ltd Contact Details
GreenSignal Bio Pharma Ltd
13/A – 3 Sai Niketan Circular Road,
United India Colony,
Kodambakkam, Chennai 600 024
Phone: +91 44 2472 2244
Email: [email protected]
Website: http://www.gsbpl.com
GreenSignal Bio Pharma IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
GreenSignal Bio Pharma IPO FAQs
Q1. What is GreenSignal Bio Pharma IPO?
Ans. GreenSignal Bio Pharma IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹68 to ₹76 per share. The minimum order quantity is 175 Shares. The IPO opens on November 9, 2016, and closes on November 22, 2016.
Q2. When GreenSignal Bio Pharma IPO will open?
Ans. The GreenSignal Bio Pharma IPO opens on November 9, 2016 and closes on November 22, 2016.
Q3. What is the lot size of GreenSignal Bio Pharma IPO?
Ans. GreenSignal Bio Pharma IPO lot size is 175 Shares, and the minimum amount required is ₹13,300.
Q4. When is GreenSignal Bio Pharma IPO listing date?
Ans. The GreenSignal Bio Pharma IPO listing date is not yet announced. The tentative date of GreenSignal Bio Pharma IPO listing is Tuesday, November 22, 2016.
