GreenSignal Bio Pharma Limited engages in the research and development, production, and marketing of vaccines. Its portfolio includes Bacillus Calmette Guerin (BCG) vaccines for the prevention of tuberculosis in humans; and UROVAC – BCG ONCO BP (Intravesical), a live freeze-dried preparation made from BCG strain for immunotherapy.

The company also focuses on developing vaccines for measles, mumps, rubella, tetanus, and rabies. GreenSignal Bio Pharma Limited markets its products in India, Indonesia, Ivory Coast, Papua New Guinea, Nepal, Saudi Arabia, Chile, Lebanon, Republique Democratiue Du Conco, Afghanistan, Burkina Faso, Zimbabwe, Cameroon, Pakistan, Angola, and Mauritania.

The company was incorporated in 2005 and is based in Chennai, India.

OBJECTS OF THE ISSUE:
The objects of the Offer are to:

  • Achieve the benefits of listing the Equity Shares on the BSE and the NSE and to carry out the sale of up to 14,579,560 Equity Shares by the Selling Shareholders.
  • Further, Company expects that the listing of the Equity Shares will enhance our visibility and brand image among their existing and potential customers and provide liquidity to the existing shareholders.
  • The listing of the Equity Shares will also provide a public market for the Equity Shares in India.

Company will not receive any proceeds of the Offer and all the proceeds will go to the Selling Shareholders.

GreenSignal Bio Pharma Ltd IPO (GSBPL IPO) Details:

  • Issue Open: November 09, 2016 – November 11, 2016
  • Issue Type: 100% Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Issue Size: 14,579,560 Equity Shares of Rs 10 aggregating up to Rs 116.6 Cr
  • Issue Price: Rs 76 – Rs 80 Per Equity Share
  • Market Lot: 175 Shares
  • Minimum Order Quantity: 175 Shares
  • Listing At: BSE, NSE

GLOBAL CO-ORDINATOR AND BOOK RUNNING LEAD MANAGER Of GreenSignal Bio Pharma Ltd IPO (GSBPL IPO):

INDIAN OVERSEAS BANK
Merchant Banking Division, 763,
Anna Salai,Chennai-600 002
Tel.: + 91 44 2851 9548/ 2888 9367


REGISTRAR TO THE GreenSignal Bio Pharma Ltd IPO (GSBPL IPO):

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate, Sakivihar Road,
Sakinaka Andheri East, Mumbai – 400 072
Tel: + 91 22 4043 0200; Facsimile: + 91 22 2847 5207

Source: https://applyipo.com/blog/2016/11/03/greensignal-bio-pharma-ltd-ipo-gsbpl-ipo-details/