Shree Ganesh Remedies IPO

Shree Ganesh Remedies IPO

Business description from prospectus – Shree Ganesh Remedies is an ISO 9001:2015, ISO 14001:2015 BS and OHSAS 18001:2007 certified Company and is engaged in manufacturing and dispatch of drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry. The company manufactures products relating to antipsychotic, antiseptic, deprotonation reactions, hyperlipidemia, alzheimers and anti-viral.

The manufacturing process is supported by Total Quality Management techniques and is supervised through various quality control equipment’s and qualified personnel. The Products are manufactured for export market and also for domestic and foreign markets. It entered the International market in the year 2006 and is on regular basis exporting products to various countries.

Promoters of Shree Ganesh Remedies – Chandubhai Kothia, Hasmukh Kothia, Ashokkumar Kothia, Hansaben Kothia, Manubhai Kothia, Babubhai Kothia and Subhash Kothia

Shree Ganesh Remedies IPO details

Subscription Dates 28 September – 5 October 2017
IPO Price band INR36 per share
Fresh issue 2,376,000 shares (INR8.55 crore)
Offer for sale Nil
Total IPO size 2,376,000 shares (INR8.55 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Shree Ganesh Remedies’ financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 13.4 19.1 17.0 15.9 20.3
Total expenses 11.1 14.4 15.1 14.2 16.4
Profit after tax 1.5 3.2 1.3 1.1 2.6

Shree Ganesh Remedies Limited
Plot no. 6011
Ankleshwar – 393002, Gujarat

Phone: +91 02646 227777
Email: [email protected]


Subscription (no. of times)

Day 1 0.06
Day 2 0.28
Day 3 0.37
Day 4 0.66
Day 5 1.67


Earnings Per Share (EPS): INR3.96

Price/Earnings (P/E) ratio: 9.09

Return on Net Worth (RONW): 15.81%

Net Asset Value (NAV): INR25.07 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Shree Ganesh Remedies IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 28 September 2017

IPO Closing Date: 5 October 2017

Finalisation of Basis of Allotment: 10 October 2017

Initiation of refunds: 11 October 2017

Transfer of shares to demat accounts: 12 October 2017

Listing Date: 13 October 2017

Listing Price on BSE SME: INR40 per share (up 11.1% from IPO price)

Closing Price on BSE SME: INR33 per share (down 8.33% from IPO price)


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