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GreenSignal Bio Pharma Ltd (GSBPL) is an Indian vaccine manufacturing company with global operations. The Chennai-based company manufactures two products:
- BCG Vaccine for immunization against Tuberculosis
- BCG-ONCO for Immunotherapy (Freeze Dried) BP for the treatment of Urinary Bladder Carcinoma and the brand name for the same is ‘Urovac’.
The company is one of the four companies globally which have been WHO-prequalified to supply the BCG vaccine to UNICEF. The company has secured a long term arrangement since November 2015 to supply the BCG vaccine to UNICEF. GSBPL also supplies the BCG vaccine to the Ministry of Health, India pursuant to the tendering process. The company has been successful in obtaining bids for the years 2009-2010, 2010-2011, 2011-12, 2012-13and 2015-2016. It also supplies the BCG vaccine to Indonesia, and Nepal which are countries outside the UNICEF ambit.
Its BCG-ONCO for Immunotherapy drug is distributed throughout India vide commercial arrangements in India and we intend to market this immunotherapy drug in overseas jurisdictions as well. Presently, the company has made several limited supplies to various countries such Lebanon, Saudi Arabia, Turkey and Switzerland.
GreenSignal Bio Pharma’s business is organized into domestic (i.e. Indian) and international operations. For fiscal year 2016, its domestic and international operations accounted for 53.8% and 46.2%, respectively, of its net revenues from operations. The standalone net revenues from operations for the period ended 30 June 2016 was INR10.14 crore and for the years ended 31 March 2016 was INR20.38 crore, respectively. The company’s consolidated net revenues from operations grew at a CAGR of 210.7% in the period from fiscal year 2015 to fiscal year 2016.
GreenSignal Bio Pharma has a manufacturing facility located at Pappankuppam Village, Gummidipoondi, Tiruvallur District, Tamil Nadu equipped with advanced equipment dedicated for the manufacturing of live attenuated BCG Vaccine and the BCG-ONCO for immunotherapy.
Promoter of GreenSignal Bio Pharma: P Sundaraparipooranan and P Murali
| GreenSignal Bio Pharma IPO details | |
| Subscription Dates | 9 – 22 November 2016 (Issue withdrawn due to poor response) |
| Price Band | INR68 – 76 per share (Revised from INR76 – 80 per share) |
| Fresh issue | NIL |
| Offer For Sale | 14,579,560 shares (INR116.63 crore at upper price band) |
| Total IPO size | 14,579,560 shares (INR116.63 crore at upper price band) |
| Minimum bid (lot size) | 175 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
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GreenSignal Bio Pharma’s consolidated financial performance (in INR crore) |
|||||
| Â | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
| Total revenue | 11.26 | 11.69 | 3.52 | 6.60 | 20.49 |
| Total expenses | 11.31 | 11.86 | 4.58 | 6.61 | 13.55 |
| Profit after tax | -0.48 | -0.50 | -1.29 | -0.21 | 5.30 |
GreenSignal Bio Pharma LtdÂ
13/A-3, Sai Niketan, Circular Road,
United India Colony, Kodambakkam, Chennai 600024
Phone:Â +91 44Â 2472 2244
Fax:Â +91 33 2472 2233
Email: [email protected]
Website: www.gsbpl.com
Bigshare Services Private LtdÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri East, Mumbai – 400 072
Maharashtra, India
Phone: +91 22 40430200
Fax: +91 22Â 28475207
Email: [email protected]
Website: http://bigshareonline.com
GreenSignal Bio Pharma IPO Subscription Details
| Category |
Subscription (no. of times, at 5Â PM)Â |
||||||||
|
Day 1 |
Day 2 | Day 3 | Day 4 | Day 5 | Day 6 | Day 7 | Day 8 |
Day 9 |
|
| QIB |
0.00 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Â 0.20 | Â 0.20 |
| NII |
0.01 |
0.02 | 0.12 | 0.12 | 0.12 | 1.16 | 1.16 | Â 0.13 | Â 0.13 |
| Retail |
0.25 |
1.58 | 7.96 | 8.73 | 8.74 | 8.90 | 8.83 | Â 8.58 | Â 8.46 |
| Total |
0.02 |
0.16 | 0.81 | 0.89 | 0.89 | 1.06 | 1.05 | 1.03 |
1.02Â |
GreenSignal Bio Pharma IPO allotment status will be available on Bigshare’s website. Click on this link to get allotment status.
IPO Opening Date: 9 November 2016
IPO Closing Date: 22Â November 2016 (Issue withdrawn due to poor response)
Finalisation of Basis of Allotment:
Initiation of refunds:
Transfer of shares to demat accounts:
Listing Date:
Listing Price on NSE:
Closing Price on NSE:
How is this Ipo? need detailed review.
Great company
How is grey market movement in greensignal IPO? Any benefit of applying as there is only 10 percent for general public?
My broker is not accepting grey market applications in Green signal. Surprising coz the issue looks good to me. It has good demand in the market. Broker saying it is because of 10% in retail category.
Is it worth applying greensignal IPO?
Boarders, stay away from Greensignal ipo. The promoter family has political connections which is how it got the unicef contract. It is simply to get the most out of the bull market. Just two contracts and promoters looking to sell shares, nt good for small investors..
But there is no mention of political connection in the prospectus.
Read this, it has everything http://jgopikrishnan.blogspot.in/2009/03/vaccine-scam-sabotaging-vaccine.html
Having read your link and studied the prospectus in detail, I am positive about this stock. Being a middle class small investor, very rarely does such good moderate stocks come by. My broker also says go ahead since only 10% is retail. Institutions would do more in depth homework so the small investor is safe.
Hi Perumal, going by your logic, retail investors should never lose money in IPOs as institutions do their homework.
This website doing good job.
I would strongly recommend a ‘BUY’. In stocks past performance serves little purpose beyond establishing the legitimacy of a company. Stock market is largely a forward looking tool and this is where GreenSignal Bio Pharma scores with a strong pipeline. I observed some comments on ‘Political Connection’. These are silly. UNICEF & WHO are not institutions that will sabotage their reputation. I am positive about this stock.
Haha, your comments are laughable Sneha. You are using stuff from articles on this site to make a logic for investing in Greensignal. May be you can come up with something more meaningful next time…
GreenSignal gets red signal from investors, I’m sure it will be extended, price band needs to be reduced…
By RM at IIFL says Laurus and Eris are much better than Green Signal with proven business model. just waiting for these ipos…
Very true but the price band will be above 300
Surprised at the applications in retail category. Wonder who is applying in this IPO…
Yes, the extension is a great opportunity to cancel applications but retail investors just don’t learn. They remain small because of this.
This IPo will be canceled for sure. and even if it goes ahead, investors who get teh shares will have deep losses.
Boarders please help me I want to cancel my application in this IPO. I have been trying to cancel my bid on Andhra bank internet banking but not able to do that as the system logs me out in just 2 mins. I spend 2 hour on their hlpline but no result. Anyone else facing this issue please help.
Just make another application under the same pan n both your applications will be cancelled.
Hi Kalyan, what Viraj is saying is a sure-shot way but you have one more day and should contact your bank first and then registrar. Greensignal is not such a good company and the market is too dangerous now. Best to cancel the application.
Bottomline for retail investors is clear that Greensignal has lost its chance. They should withdraw this dud instead of extending again and again. Even if they get a deal with institutions to get subscription, it will trap small investors.
Absolutely correct sir!! Retailers will be trapped in thiis