Equity shares in Vilin Bio Med Limited will be issued via fixed price issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Vilin Bio Med Limited is set for the week of June 16 – June 21, 2023.The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares. With a face value of Rs. 10, each of the 4,000,000 shares up for sale in the IPO may bring in as much as 12 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About Vilin Bio Med Limited
Vilin Bio Med Limited, founded in 2005, is a local pharmaceutical product manufacturing company with a production plant. The company offers its products in bulk to pharmaceutical makers, marketers, and traders, who then sell to clients through a channel. Vilin Bio Med made Rs. 1,121.91 Lakhs in income in 2022, and Rs. 1,171.88 Lakhs in 2021.
Its product line is divided into the following categories:
- Oral Liquid (Syrups/Suspensions/Dry Powders (eta-Lactam & Non-eta-Lactam).
- Tablets and capsules (both eta and non-eta-Lactam).
- Preparations for the outside world.
- Powders that are dry.
- The company’s R&D foundation and manufacturing facility are located in Roorkee, Uttarakhand.
Vilin Bio Med Limited IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 16th June 2023 |
| Issue Closes | 21st June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 30 Per Share |
| Issue Size | 4,000,000 Shares (Rs 12 crores) |
| Minimum Order Quantity | 4000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The proceeds from the net issuance will be used for the following purposes by the company:
- Meeting additional working capital requirements.
- General Corporate Expenses, as well as Issue Expenses.
Vilin Bio Med Limited — Company Contact Details
- Registered & Corporate Office: Sy.No.115/GF/J, Hanumanji Colony, Brig Sayeed Road, Bowempally, Secunderabad – 500003
- Telephone: +91 40 7961 8843
- Website: http://www.vilinbiomed.co.in/index.html
Vilin Bio Med Limited IPO – Lead Managers of the Issue
Inventure Merchant Banker Services Pvt Ltd
- Office Address: 2nd Floor, Viraj Tower, Western Express Highway, Andheri (East) Mumbai – 400 069
- Telephone: +91 22 4075 1515
- Email: bronze.smeipo@inventuremerchantbanker.com
Vilin Bio Med Limited IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Vilin Bio Med Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
