Beta Drugs Ltd - IPO

Beta Drugs Ltd IPO Details

Public issue of 22,96,000 equity shares of face value of Rs. 10/- each (equity shares) of Beta Drugs Limited (the company Or the issuer) for cash at a price of Rs. 85/- per equity share, including a share premium of Rs. 75/- per equity share (the issue price), aggregating Rs. 19.52 crores (the issue), of which 1,29,600 equity shares of face value of Rs. 10/- each for Cash at a price of Rs. 85/- per equity share, aggregating Rs. 1.10 crores will be reserved for subscription by the market Maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 21,66,400 equity shares of face value of Rs. 10 each for cash at a price of Rs. 85/- per equity share, aggregatingRs. 18.42 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.54% and 25.05% Respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 85 is 8.5 times of the face value of the Equity shares.

Objective of issue

Purchase of new plant and machinery and upgradition of the existing plant and machinery. Civil construction work at existing manufacturing plant. To obtain registration of european union GMP & Pharmaceutical Inspection Co-operation scheme. Working capital. General Corporate Purpose.

Beta Drugs Ltd Contact Details

Beta Drugs Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@betadrugslimited.com

Website - www.betadrugslimited.com