Listed Price₹225.00
Listing Gain+125.00%
Price Band₹95 - ₹100
Lot Size1,200 shares
Min Bid₹1,20,000
Subscription205.69x
Listed Market Snapshot
₹225.00Listed price from market data
+125.00%listing gain
Issue Amount
₹51.66 Cr
Listed Price
₹225.00
Current Price
₹50.3
Registrar
Bigshare Services Private Limited
Timeline•Book Built Issue IPO
Open26 Oct 2023
Close30 Oct 2023
Allotment31 Oct 2023
Listing03 Nov 2023
Quota Reservation Portions
QIBPortion: 24,51,600 shares
47.46%Nii (hni)Portion: 7,35,600 shares
14.24%RetailPortion: 17,17,200 shares
33.24%Market MakerPortion: 2,61,600 shares
5.06%Minimum Application Bracket Matrix
Retail1 lots / 1,200 shares
₹1,20,000HNI2 lots / 2,400 shares
₹2,40,000About the Company
Incorporated in 2004, the company is engaged in custom synthesis and manufacturing of specialty chemical intermediates for Pharma, Agro, Cosmetics, Pigments, and Dyes, serving both Indian and global clients. Its manufacturing unit is located in Viramgam, Ahmedabad, Gujarat, spread across 7,000 square meters and equipped with advanced reactors for research and new product development. The company focuses strongly on innovation and multi-step synthesis, and its R&D team has developed multiple new molecules, expanding the product portfolio to around 140 products in FY 2023. As of March 31, 2023, the company has a team of 14 technocrats dedicated to research and development.
Company Promoters
Dr. Pravinchandra Jasmat VasoliaKishorkumar Panchabhai PatoliaVallabh Ratanji SavaliyaRutesh Vallabhbhai SavaliaShivam Kishorbhai Patolia
Lead Managers
Registrar
Bigshare Services Private Limited