Chandra Bhagat Pharma Limited
Three Hundred and Seventeenth Company to get listed on BSE SME Platform
Mumbai, 14th February 2020: SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
Chandra Bhagat Pharma Limited became 317th company to get listed on the BSE SME Platform on February 14, 2020. Chandra Bhagat Pharma Limited came out with an initial public offering of 20,00,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs. 51/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ‘1020.00’ lacs. The company has successfully completed its public issue on 6th February, 2020.
Chandra Bhagat Pharma Limited is a Maharashtra based company whose registered office is at Mumbai.
Ahmedabad based Beeline Broking Limited was the lead manager to Chandra Bhagat Pharma Limited. The Core business as follows: Ethical marketing of Pharmaceutical formulation & products in Domestic and International market through own distribution network and Sales force under own brand. Major focus in Injection – IV (Intravenous) & IM (Intramuscular), dry syrup, tablets and capsules supply to Hospital and Health care center for critical deceases. Getting their approved formulations manufacture through Contract Manufacturers, Source & Supply of Generic Pharma formulation and medicines to healthcare institution, Government, NGO, Hospitals & Distributors. Specialty Chemicals, Intermediates & Active Pharmaceuticals Ingredients (API) – They source, deal in Import, indenting and Supply in API & its intermediate.
The 317 companies listed on BSE SME Platform have raised Rs. 3,300.14 crores from the market and total market capitalization of 317 companies as on 14th February 2020 is 18,072.26 Crores. BSE is the market leader in this segment with a market share of 60 percent.
The response since the launch of this platform by BSE has been very positive and till date
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