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Bafna Pharmaceuticals Ltd - IPO

Issue Type

Public Issue

Issue Size (₹ Cr.)

₹ 25.6

Price Range (₹)

₹ 40

Lot Size

150

Min Investment (₹)

₹ 6,000.00

Listing Exchange

Mumbai

Open Date

27-May-2008

Close Date

30-May-2008

Listing Date

27-Jun-2008

Bafna Pharmaceuticals Ltd News

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Price Performance

1 Week0.54
3 Month0.00
1 Year-15.25
3 Year-29.61

Bafna Pharmaceuticals Ltd IPO Details

Public Issue of 64,00,000 equity shares of Rs.10/- each at a price of Rs.40/- per equity share (including share premium of Rs.30/-per equity share) for cash aggregating Rs.25.60 Crores by Bafna Pharmaceuticals Limited (Hereinafter Referred to as the Issue). The issue will constitute 40.05% of the post issue paid-up capital of the company.The issue price is 4 times of the face value

Objective of issue

To undertake Brand Buld in Domestic & Intl.Markets. To part Fin the cost of obtaining MHRA Approval. To Set up a Research & Development Unit. Tp Repay of High Cost Debt. To Meet the Working Capital Requirement.

Bafna Pharmaceuticals Ltd Contact Details

Bafna Pharmaceuticals Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@bafnapharma.com, info@bafnapharma.com

Website - www.bafnapharma.com