Sakar Healthcare IPO All Set to List on NSE SME platform

in Knowledge 0

Sakar Healthcare Limited is set to be listed on the NSE SME with its IPO in coming days. Check for price band and dates of Sakar Healthcare IPO along with company profile, Allotment Status, Listing Dates, and various other important and relevant details. They have already filed an Red Herring Prospectus and received the nod for the same from SEBI.

The IPO is scheduled for 30 September,2016 with a price band of Rs.42 to Rs.50 Per Equity Share. The lot size for applying the IPO is for 3000 shares. The issue mandates all investors to apply through ASBA i.e. Application supported by Blocked amount only. The maximum application amount for retail investor stood at Rs. 2 lacs. Equity shares offering by the bank aggregating up to 29,61,000 worth Rs.14.81 Crore (Initial Public Offer).

Company Profile:

The Company was incorporated on March 26, 2004 based in Gujarat, India. It is engaged into a business of manufacturing pharmaceutical products offering liquid Orals, Cephalosporin Tablet, Capsule, Dry Powder Syrup, Liquid Injectables (SVP) in Ampoules and Vials & Dry Powder Injections for leading Multinational pharmaceutical companies. It is spread over domestic and international markets. The company sells its own products in the domestic market through the third party. Its products are analgesics, antielminthics, anti coagulants, anti malarial, anti spasmodics, antianemics, antibiotics, anti-emetics, anti-histamines, bronchodilators, corticosteroids, cough and cold preparations, multivitamins, etc.

The firm is spread over 40 countries and establishing and expanding as an exporter of pharmaceutical products from India to the developed countries.

Outlook of the Firm:

Strong Manufacturing Facilities;
Registered and qualitative Products;
Recurring Business from existing customers;
Various product range;
Experienced Promoters and Management Team.

Objects Of The Issue:

To set up a new Lyophilization facility to manufacture Lyophilized Products (Injectable) in existing unit at Changodar, Ahmedabad, Gujarat;
To obtain registration of European Union GMP;
For Launching new products;
Working capital requirement;
General corporate purposes.

Summary Of Issue:

Issue Open:-	30 September,2016- 5 October 2016
Issue Type	Book Build Issue IPO
Issue Size (Shares)	[2,961,000]Equity Shares of Rs. 10
Issue Size in (Value)	14.81 Crore
Face Value	Rs. 10 Per Equity Share
Issue Price	Rs.42-Rs. 50 Per Equity Shares
Market lots	3000 Shares
Minimum Order Quantity	3000 Shares
Listing At	NSE SME

The Public offer includes:- 29,61,000 Equity Shares

Sakar Healthcare IPO Allotment Status

Sakar Healthcare IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

Click on the given link See Allotment Status here
Go to Application Status
Select IPO as Sakar Healthcare IPO
Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

Promoters Of the Company:

1) Dr. Sanjay Shah:- He is 57 year old. He is managing director of the company.

2) Rita Shah:- She is 52 years old. She is whole time director of the company.

Financials:

Particulars		For the year/Period ended (Rs. in Lakhs)
Financial Year	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Liabilities	5110.95	3618.32	3801.14	3740.95	3657.82
Total Assets	5110.95	3618.32	3801.14	3740.95	3657.82
Total Revenue	4143.24	3505.27	2971.03	2971.07	1626.73
Total Expenses	3855.41	3263.67	2770.65	2019.08	1480.79
Profit After Tax (PAT)	755.60	522.77	339.12	163.93	19.42