Parabolic Drugs IPO Issue

Parabolic DrugsChandigarh based Bulk drugmaker Parabolic Drugs announced its initial public offering (IPO) open June 14, 2010.and would remain open for subscription till June 17, 2010. The company issue nearly 20,25,000 shares to raise Rs 200 crore-through the IPO issue. Price band is Rs.75 (lower level) to Rs.85 (higher level).

Parabolic Drugs is engaged in the manufacturing and contract manufacturing of active pharmaceutical ingredients (API), and API intermediates for domestic and export markets. The company produces the SSP (Semi Synthetic Penicillin) and Cephalosporin range of antibiotics in oral and sterile form, Parabolic Drugs Ltd plans to use the initial public offering (IPO) proceeds for capacity expansion at various manufacturing units.

31-Mar-06, the company has reported profit after tax of Rs 8.22 Crore (total income of Rs 90.12 Crore). 31-Mar-08, profit after tax of Rs 29.67 Crore (total income of Rs 273.94 Crore). 31-Mar-09, it has posted profit after tax of Rs 21.09 Crore (total income of Rs 396.94 Crore).

Minimum Order Qty is 80 and Market Lot is 80. Issue Type is Book Building.
The company listing at NSE,BSE.

CARE has assigned IPO Grade 2 to the initial public offer of Parabolic Drugs Ltd, this indicating company ‘Below Average Fundamentals’.

Address: SCO 99-100, Level III & IV, Sector 17-B, Chandigarh – 160017, India.
Punjab Plant Address: Village Sundhran, Derabassi, Punjab, India.
Haryana Plant Address: Industrial Areal, Panchkula, Haryana, India.

Conduct details;

Phone number; 91-172-3914646.   Fax detail; 91-172-3914645.

Email address;

Website Url;

Avendus capital Pvt.Ltd., ICICI Securities Ltd. is a Book Running Lead Managers.

Note: This site provide share invest tips….

Be Sociable, Share!

Stock Market Basics For Beginners

Why Do Companies Split Their Stock? Stock Split Good?

Why Do Companies Split Their Stock? Stock Split Good? [ad name="468x15- 5 link"] A company splits their stock because administration has a theoretical ideal price range for the firm’s stock. If the market price of ...…

What Is Face Value Of A Share And Debenture?

What Is Face Value Of A Share And Debenture? stated value given to a security by the company. For stocks, it's the original price of the share shown on the certificates for bonds, it's ...…

What Is A Issue Price?

What Is A Issue Price? The price where a firm's shares are provided at first in the primary market is known as the Issue price. When they start to be ...…

Market Capitalization

Market Capitalization The company market value is determined by multiplying its present stock value (market price) by the number of stocks in issue is known as market ...…

Economic Times

Economic Times Economic Times is India biggest daily business newspaper. Economic Times furthermore stood 2nd place in entire world following the Wall Street Journal. Economic Times was ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV