Vilin Bio Med Limited IPO is set to launch on 16 June, 2023. The company initiated its business operations in the year 2005. Vilin Bio Med Limited is in the domestic business of manufacturing pharmaceutical products. Its selling is done directly to marketers, manufacturers, traders, etc.
The product portfolio of the firm includes Dry Powders, Tablets and Syrups, Oral Liquid, External Preparations etc. Its research and development department is in Roorkee.
Vilin Bio Med Limited IPO DETAILS
Vilin Bio Med Limited IPO is set to launch on 16 June, 2023. The subscription timeline extends till 21 June, 2023. The size for the IPO is 12 Crore Rs. Shares issued through fresh issue mode are worth 12 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 4000 shares and the price is 30 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Vilin Bio Med Limited IPO
IPO OPENING DATE | 16 June, 2023 |
CLOSING DATE FOR IPO | 21 June, 2023 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 30 Rs per share |
LOT SIZE | 4000 shares |
MINIMUM ORDER QUANTITY | 4000 shares |
ISSUE SIZE | 12 Crore Rs. |
OFFER FOR SALE | No shares are issued through Offer for sale mode |
FRESH ISSUE | 12 Crore Rs. |
LISTING AT | NSE SME |
LISTING DATE | 30 June, 2023 |
Vilin Bio Med Limited IPO : IMPORTANT DATES
IPO OPENING DATE | 16 June, 2023 |
CLOSING DATE FOR IPO | 21 June, 2023 |
IPO ALLOTMENT DATE | 26 June, 2023 |
REFUNDS | 27 June, 2023 |
DEMAT A/C CREDITED ON | 29 June, 2023 |
IPO LISTING DATE | 30 June, 2023 |
Vilin Bio Med Limited IPO begins for subscription from 16 June, 2023. The IPO subscription would continue till 20 June, 2023. The allotment status for the shareholders who applied would come on 26 June, 2023. The refunds for the ones who did not get allotment would be initiated on 27 June, 2023. The DEMAT accounts of shareholders would be credited on 29 June, 2023. The listing of the company would be completed on 30 June, 2023.
Vilin Bio Med Limited IPO : Lead Managers
The lead managers are :
- Inventure Merchant Banker Services Private Limited
The minimum lot size for the company is decided at 4000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 4000 shares | 120000 Rs. |
Maximum | 8000 shares | 240000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
COMPANY FINANCIALS
Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
ASSETS | 1400 | 1389 | 1355 |
Revenue | 1682 | 1171 | 1121 |
PAT | 16 | 12 | 3.35 |
Vilin Bio had an asset base of 1400 Lakh Rs in 2020. This decreased to 1389 Lakh Rs in 2021. The assets further on decreased to 1355 Lakh Rs. The same decrease is noticed in e revenue figures as well. The revenue of the firm was 1682 Lakh Rs in 2020 which decreased to 1171 Lakh Rs in 2021 and 1121 Lakh Rs in 2022. This decrease is in proportion with the asset decrease. The company’s profits have been decreasing as well. The profit of the firm was 16 Lakh Rs in 2020. This figure decreased to 12 Lakh Rs in 2021. This means a decrease of 25% in the profit figures. The profit however decreased furthermore to 3.35 Lakh Rs in 2022. This means another decrease of 72% in comparison to the profit of the year 2021.
PROS
- Vilin Bio Med Limited is in the domestic business of manufacturing pharmaceutical products. Its selling is done directly to marketers, manufacturers, traders, etc.
- The product portfolio of the firm includes Dry Powders, Tablets and Syrups, Oral Liquid, External Preparations etc.
- Its research and development department is in Roorkee.
CONS
- The company works into a very competitive segment.
Vilin Bio Med Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Vilin Bio Med Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.