Vaishali Pharma to hit capital markets to raise upto Rs 14.23 crore

07 Aug 2017 Evaluate

Vaishali Pharma is coming out with an initial public offering (IPO) of 19,76,000 equity shares of face value of Rs 10 each in a price band Rs 71-72 per equity share. The issue opens on August 7, 2017 and will close on August 10, 2017. The shares will be listed on NSE Emerge Platform.

The company will use the issue proceeds for meeting working capital requirement and general corporate purpose.

The book running lead managers to the issue is Pantomath Capital Advisors, while the compliance officer for the issue is Sonal Gandhi.

Vaishali Pharma is a pharmaceutical company, dealing in pharmaceutical formulations, APIs, surgical products, veterinary supplements. It is operating both in domestic and export markets. In domestic markets, it is majorly into trading of APIs whereas in export markets, it is into trading and marketing of APIs, formulations, surgical products and others.

Peers
Company Name CMP
Sun Pharma Inds. 1808.50
Dr. Reddys Lab 1342.45
Cipla 1472.45
Lupin 2147.55
Zydus Lifesciences 973.90
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