This entry is part 2 of 6 in the series IPO 2014-15

Sharda Cropchem Ltd is coming up with a further Public Offer  (IPO) of its shares between 5 Sep 2014  to 9 Sep 2014. The price band of issue is Rs.  145 to Rs. 156 per equity Share.

 

Issue Details

IPOSharda Cropchem Ltd
Issue Open5 Sep 2014
Issue Close9 Sep 2014
Issue Size 22,555,125 Equity Shares (327.05 Cr to 351.86 Cr)
Price BandRs. 145- to 156
Bid Lot90 Equity Shares
RegistrarLink Intime
Cheque in Favour of (Retail Investor) Escrow Account - Sharda Cropchem IPO -R
NRI (Retail)Escrow Account - Sharda Cropchem IPO - NR
Listing NSE / BSE
IPO Grade3/5 by CRISIL
 Payment Schedule for Retail Application 
No. of SharesPrice per ShareCheque Amount (Rs)
9015614040
18015628080
27015642120
36015656160
45015670200
54015684240
63015698700
720156112800
810156126360
900156140400
990156154440
1080156168480
1170156182520
1260156196560

Company Profile

About Company

The business was the brainchild of Mr. R. V. Bubna, a Chemical Engineer from IIT, Bombay, and with a 45 year experience of working, hands on, in the chemical industry. He together with Mrs. Sharda R. Bubna commenced business operations through their sole proprietorship concerns, namely, M/s. Sharda International in 1987 and M/s. Bubna Enterprises in 1989, respectively (together the “Sole Proprietary Concerns”). Sharda Worldwide Exports Private Limited was formed in 2004. The businesses of the Sole Proprietary Concerns consisting of manufacture and export of dyes, dye intermediates, pesticides, agrochemicals and V-Belts, were transferred to Sharda Worldwide Exports Private Limited with effect from April 1, 2004 on an “as is and where is basis”.

On September 6, 2013, the Company changed its name to Sharda Cropchem Private Limited and thereafter on September 18, 2013 it was converted into a public limited company with the name Sharda Cropchem Limited (the “Company”).

Today, the Company is a fast growing global agrochemicals company with leadership position in the generic crop protection chemicals industry. It has made deep inroads in the highly developed European and US markets which are characterized as high entry barrier markets. It also has a significant presence in other regulated markets such as LATAM and Rest of the World.

The Company has an asset-light business model whereby it focuses on identifying generic molecules, preparing dossiers, seeking registrations, marketing and distributing formulations through third party distributors or it’s own sales force. The Company’s core competence lies in developing product Dossiers and seeking product registrations in different countries. The Company not only has an extensive distribution network of third party distributors but has also setup its own sales force in various countries in Europe and in Mexico, Colombia, South Afirca and India. The Company’s strategy of sourcing through a global network of suppliers provides it with flexibility and nimbleness.

The company is capable of providing a wide bouquet of products to its customers. Its product portfolio in agrochemical business comprises of formulations and generic active ingredients in fungicide, herbicide and insecticide segments for protecting different kind of crops as well as serves turf and specialty markets and in biocide segment as disinfectants thereby allowing us to offer varied range of formulations and generic active ingredients.

The product portfolio in non-agrochemical business comprises of Belts, general chemicals, dyes and dye intermediates which enables the Company to cater to varied demands.

 

Objects of Issue 

The objects of the Issue are:

  • Long term working capital
  • General corporate purposes

Subscription Details

Subscription Data for sharda cropchem ltd

QIBNIIRetailTotal
Share Offer
7 SepSubscribe no of shares
No of times
6 SepSubscribe no of shares
No of times
5 SepSubscribe No of shares
No of times

 

Allotment Listing

 

shortly updated isin / script code details

Name of CompanySharda Cropchem Ltd
Issue Open5 Sep 2014
Issue Close 9 Sep 2014
Allotment Date
Listing Date
Market lotOne Share
Face Value10
ISIN No
Script Code
Script ID

Registrar of Issue     :   Link Intime

Listing                           :    NSE & BSE