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Open
27 May 2008
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Close
30 May 2008
3
Allotment
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Listing
Fri, Jun 27, 2008
Price Band
₹40 per share
Issue Size
64,00,206 shares (agg. up to ₹26 Cr)
Listing Date
Fri, Jun 27, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.88x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Alpa Laboratories Ltd. | Mainboard | ₹61.07 Cr | ₹68 | null | ₹55.15 | -18.90% | ₹68.90 (-4.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brand building in domestic markets | 10.44 |
| 2 | Registration of Company, products andBrand building in International Markets | 3.03 |
| 3 | MHRA Accrediation | 1.08 |
| 4 | Setting up R&D facilities | 3.00 |
| 5 | Working Capital Requiremen | 2.00 |
| 6 | Part repayment ofloan from SBI | 4.00 |
| 7 | Public Issue Expenses | 2.05 |
About Bafna Pharmaceuticals IPO
Incorporated in 1995, Bafna Pharmaceuticals Limited is engaged in the business of manufacturing pharmaceutical formulations of Betalactum and Non Betalactum products. The Company manufactures 126 formulations under various therapeutic segments, such as anti-infective, cholesterol lowering agents, analgesic and antipyretic, antihelmintics, appetite stimulants, cough and cold preparations, antiulcerants anti diabetic, and vitamins.In 2006, Bafna has set up an 100% EOU unit at Madhavaram for the production of tablets and capsule with a capacity of 6973.20 lacs and 2462.40 lacs. The unit has been WHO GMP certified and also ISO 9000 certified. The products manufactured in this factory caters to the markets of Srilanka, Ghana and Ukraine. Bafna was involved in the execution of contracts for the generic division of M/s. Croslands from the period 1994 to 2001. Bafna was awarded the WHO GMP certification during the year 1995. Presently around 57 products of the company are registered in Srilanka, 4 products in Ukraine, 1 product in Ghana. The company received the Best Supplier award from the Srilankan Government during 2005.+ Read More
Contact Details
Bafna Pharmaceuticals Ltd. AddressBafna Pharmaceuticals Limited299 Thambu Chetty StreetChennai, Tamil Nadu, 600001+ 91-44-25267517cs@bafnapharma.comVisit Website