The Vadivarhe Speciality Chemicals IPO date started from May 22, 2017 and ended on May 25, 2017
Using an IPO, Vadivarhe Speciality Chemicals is a IPO seeking to raise Rs 14.46 crore. price is ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
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Bidding Dates
May 22-25
Price Range
₹42 per share
Face Value
₹10 per share
GMP
₹38.00
Vadivarhe Speciality Chemicals IPO GMP
The Vadivarhe Speciality Chemicals Limited IPO GMP is ₹38.00.
IPO Overview
Vadivarhe Speciality IPO is a Rs 14.46 crore fixed price issuance. Bidding for the Vadivarhe Speciality IPO began on May 22, 2017 and finished on May 25, 2017. On June 2, 2017, the shares were listed on the NSE SME. The IPO price for Vadivarhe Speciality is 42 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $126,000.
Vadivarhe Speciality Chemicals Ltd (VSCL), founded in 2009, specialises in the production of speciality chemicals, active pharmaceutical ingredients, intermediates, and personal care products.
Vadivarhe Speciality IPO Details
| IPO Date | May 22, 2017 to May 25, 2017 |
| Listing Date | June 2, 2017 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,444,000 shares (aggregating up to ₹14.46 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Vadivarhe Speciality Chemicals Listing Day Trading Information
| NSE SME | NSE SME |
|---|---|
| ₹42.00 | ₹42.00 |
| ₹50.40 | ₹50.40 |
| ₹50.40 | ₹50.40 |
| ₹50.40 | ₹50.40 |
| ₹50.40 | ₹50.40 |
Vadivarhe Speciality IPO Listing Details
| Listing Date | June 2, 2017 |
| BSE Script Code | |
| NSE Symbol | VSCL |
| ISIN | INE551Q01028 |
| Final Issue Price | ₹42 per share |
Company Profile
It is a globally active Indian chemical manufacturer specialising in organic compounds and bespoke synthesis. In December 2012, it signed an agreement with Enaltec Labs Pvt Ltd to manufacture API products for them for a term of ten years based on the materials and specifications provided by them. The company has also entered into an arrangement with Zenvision Pharma LLP to lend and licence its manufacturing facility. 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, and many others in the domestic and international sectors are among its key clients.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | — |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Vadivarhe Speciality Chemicals Ltd |
| Phone number | +91-2553-282200 |
| Email ID | cs@vscl.co.in |
| Website | www.vscl.net.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
