IPO

CHANDRA BHAGAT PHARMA LIMITED IPO

BSE SME

Offer Date: Jan 31, 2020 - Feb 6, 2020

₹ 204000 /4000 Shares
*Min Investment

31 Jan, 2020

Open Date

06 Feb, 2020

Close Date

12 Feb, 2020

Allotment Date

14 Feb, 2020

Listing Date
IPO Issue Details
  • Issue Price Rs 51/- Per Equity Share 
  • Face Value Rs 10/- Per Equity Share 
  • Issue Price Fresh Issue of 20,00,000 Equity Shares of Rs 10/- at price of Rs 51/- with aggregating up to Rs 10.20 Cr
  • Listing at BSE SME
  • Lead Manager Beeline Broking Limited
  • Registrar Link Intime India Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


CHANDRA BHAGAT PHARMA LIMITED IPO is an SME IPO, priced at Rs 51/- Per Equity Share . The equity shares have a face value of Rs 10/- Per Equity Share  each and will be listed on the BSE SME platform.

The IPO bidding window is open from Jan 31, 2020 to Feb 6, 2020. The allotment is expected to be finalized on Feb 12, 2020, and the tentative listing date is Feb 14, 2020.


The registrar of the IPO is Link Intime India Private Limited, and

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IPO Subscription Analysis And Details
Retail
13.00x
Total
31.00x
As on QIB / NII Retail Total
Shares Offered / Reserved 9,50,000 9,50,000 19,00,000
Day 1 - 31-01-20
1.44 x 0.08 x 0.76 x
Day 2 - 01-02-20
1.44 x 0.09 x 0.77 x
Day 3 - 03-02-20
1.52 x 0.25 x 0.88 x
Day 4 - 04-02-20
1.54 x 0.41 x 0.98 x
Day 5 - 05-02-20
1.58 x 0.55 x 1.06 x
Day 6 - 06-02-20
1.87 x 1.44 x 1.65 x
Valuations
Earnings Per Share (EPS) Rs 0.83/-
P/E Ratio 61
RoNW 4.71%
Net Asset Value ( Post Issue ) Rs 32.41/-
IPO - Issue Objectives
1

To meet the working capital requirements of the company ( Rs 7.0 Cr )

2

Setting up Distribution and Warehousing Centre's ( Rs 1.5 Cr )

3

General Corporate Purposes ( Rs 0.95 Cr )

4

To meet the Issue Expenses ( Rs 0.75 Cr )

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
ICL Organic Dairy Products Limited 1.03 43 9.36% 15.73
Prabhat Dairy 1.43 136.11 1.05% 238.73
Heritage Foods 2.17 23.18 9.36% 2654.87
Parag Milk Foods 1.34 10.51 12.71% 2405.93
Umang Dairies 1.75 16.33 10.75% 225.77