Ganga Pharmaceuticals Ltd IPO

IPO Synopsis

Public offer of 10,24,000 equity shares of face value of Rs. 10/- each (Equity shares) of Ganga Pharmaceuticals Limited (The issure) for cash at a price Rs. 15/- per equity share (Including a share premium of Rs. 5/- per equity share) (Issue price) aggregating to Rs. 1.54 crores. The issue Constitutes 25.21% of the post issue paid up equity share capital of the company. This Being a fixed price, as per sub clause (4) of regulation 43 of The Sebi (ICDR) Regulations, 2009 as amended (The SEBI Regulations), The Issue of 10,24,000 equity shares, not less than 50% shall be avalable to retail individual investors and the remanining to individual applicants other than retail investors and other investor including corporate bodies or institutions irrespective of the number of shares applied for. If the retail individual investor category is entitled to more than 50% on proporationate basis, They shall be allotted that higher percentage. The face value of the equity shares is Rs. 10 each. The Issue price of equity shares Rs. 15/- each and The issue Price is 1.5 times of the face value.