Chandra Bhagat Pharma Ltd SME IPO
Incorporated in 2003, Chandra Bhagat Pharma Limited is engaged in the marketing of lifesaving medicines in India such as Cardiovascular, Antineoplastic, Antibiotics and Hormones medicines. They provide pharmaceuticals and special chemical products in the Indian and international market.
The company has own sales force and distribution network to work under the brand name and supply products to the Health care center and Hospital. Chandra Bhagat Pharma also deals in import, supply and indenting in Active Pharmaceuticals Ingredients (API) and the intermediate.
The company has FDA approval to get formulations manufactured from a contract manufacturer. It has a presence for formulations in some therapeutic categories such as Anesthesia, Cardiovascular, Anti-cancer (Oncology), Pediatrics, Nephrology, Antiviral, Anti-fungal, and Neurology. The warehouses/ storage houses of the company are on lease agreements at Bhiwandi- Thane, Maharashtra.
Chandra Bhagat Pharma also exports Pharmaceutical Formulations to other countries like DR Congo, Bolivia and Philippines.
Competitive Strengths
- Customer centric and order driven business model
- Relationships with MNCs
- Wide product portfolio including API and pharmaceuticals
- Contract manufacturing facility
- Presence in India and international market
Company Promoters: Mr. Hemant Chandravadan Bhagat and Mr. Pranav Hemant Bhagat.
Issue Details
| Chandra Bhagat Pharma Ltd- SME IPO | |
| Issue Open | Jan 31, 2020 - Feb 06, 2020 |
| Issue Size | 2,000,000 Eq Shares of Rs 10 (aggregating up to Rs 10.20 Cr) |
| Face Value | Rs 10 per Equity Share |
| Issue Price | Rs 51 per Equity Share |
| Market Lot | 2000 Shares |
| Listing At | BSE SME |
|
Objectives |
1. To Meet Incremental Working Capital Requirements |
Company Financials
| Particulars | For the year/period ended (in lakh rupees) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 8,285.52 | 5,805.76 | 5,589.60 |
| Total Revenue | 10,671.83 | 9,773.41 | 9,028.11 |
| Profit After Tax | 62.59 | 103.38 | 66.03 |
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