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Shree Ganesh Remedies Ltd IPO

Shree Ganesh Remedies Ltd

Issue Open

Sep 28, 2017

Price Band

₹ 36

Issue Size

₹ 8.55 Cr

Credit of Shares to Demat

-

Issue Close

Oct 05, 2017

Bid Lot

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 13, 2017

Refunds

-

About the company:

Shree Ganesh Remedies is headquartered at Ankleshwar, Gujarat, manufactures drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry. Shree Ganesh Remedies Ltd is also ISO 9001:2015, ISO 14001:2015 BS and OHSAS 18001:2007 certified Company. 

Date of establishment: Shree Ganesh Remedies Limited was incorporated in 1995

Product & Service Offering: Company manufactures products related to antipsychotic, antiseptic, deprotonation reactions, hyperlipidemia, alzheimers and anti-viral.

Promoters of Shree Ganesh Remedies  ltd: Chandubhai Kothia, Hasmukh Kothia, Ashokkumar Kothia, Hansaben Kothia, Manubhai Kothia, Babubhai Kothia and Subhash Kothia are the promoter of the Shree Ganesh Remedies Limited.

Customer segment: It caters to domestic and foreign markets.

Objects of the Issue: The objects of the Offer is to:-
-     Setting up a new Choloro Compound derivatives manufacturing plant
-     To Finance General corporate expense 

Company Financials:

Shree Ganesh Remedies' financial performance (in INR crore)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

21.16

15.66

15.24

14.51

12.44

Total revenue

 

13.4

19.1

17.0

15.9

20.3

Total expenses

 

11.1

14.4

15.1

14.2

16.4

Profit after tax

 

1.5

3.2

1.3

1.1

2.6

 

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