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

  1. Customer centric and order driven business model
  2. Relationships with MNCs
  3. Wide product portfolio including API and pharmaceuticals
  4. Contract manufacturing facility
  5. 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
 2. Setting up Distribution and Warehousing Centre's
 3. General Corporate Purpose
 4. To meet Public Issue Expenses

 

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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