Parabolic Drugs IPO : Listing on 1st Jul 2010

by khalid on 30/06/2010 · 2 comments

Chandigarh-based Parabolic Drugs has entered the capital market with an initial public offering (IPO) of 26,666,667 equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 1st Jul 2010. The IPO was open from 14th Jun 2010 to 17th Jun 2010. The price band was Rs 75 to Rs 85 and the Issue Price was fixed at Rs 75 per equity share.

IPO Listing Detail :-
Listing Date: 1st Jul 2010
BSE Scrip Code: 533211
Listing In: B Group of Securities
ISIN: INE618H01016
Issue Price: Rs 75.00 Per Equity Share
Face Value: Rs 10.00 Per Equity Share

The proceeds of the IPO will be used by the company for its multi-purpose block III at Derabassi; Sterile cephalosporin plant at Derabassi; establishment of Chachrauli plant; custom synthesis & manufacturing site II at IT Park, Panchkula and repayment / prepayment of identified loan facilities.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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{ 2 comments… read them below or add one }

Chirag July 1, 2010

Any trading strategies on this ?

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khalid July 1, 2010

Parabolic will list with atleast Rs 5 gain. It can surprise you.

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