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Beta Drugs Limited IPO

Beta Drugs Limited

Issue Open

Sep 29, 2017

Price Band

₹ 85

Issue Size

₹ 19.52 Cr

Credit of Shares to Demat

-

Issue Close

Oct 04, 2017

Bid Lot

1600

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

1600

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 12, 2017

Refunds

-

About the company:

Beta Drugs Limited is a pharmaceutical company manufacturing ,developing and marketing of drug products. Company’s manufacturing unit is an ISO 9001:2008 certified facility located at Kharuni –Lodhimajra Road, Dist - Solan Himachal Pradesh. Company started production of oncology products by manufacturing portfolio of over 35 products which is used for the treatment of various cancer disease. As on March 31, 2017, firm had a portfolio of over 50 products catering to various oncology diseases.

Date of establishment: Beta Drugs Limited was incorporated in 1979

Product & Service Offering: Their products include anti-cancer tablets, capsules, injections and lyophilized injections. Company has portfolio of over 50 products which is used for the treatment of various cancer diseases.

 

Promoters of Beta Drugs ltd.: Mr Vijay Kumar Batra is the promoters of Beta Drugs Limited.

 

Customer segment: It sell drugs to domestic & international customers

 

Objects of the Issue:The objects of the Offer is to:-
-     To Finance purchase of new plant and machinery and upgradation of our existing plant and machinery
-     To Finance Civil Construction work at existing manufacturing unit.
-     To obtain registration of European Union GMP & Pharmaceutical Inspection Co-operation Scheme certificate
-     To Finance Working capital requirements
-     To Finance General corporate expense

Company Financials:

Beta Drugs' financial performance (in INR lakh)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

176.85

135.56

800.91

1520.37

2454.38

Total revenue

 

313.0

138.4

26.2

2,639.5

4,168.2

Total expenses

 

308.6

136.2

37.7

2,526.1

3,650.2

Profit after tax

 

4.4

2.2

11.4

113.4

517.9

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