Vilin Bio Med IPO will open for subscription from 16 June 2023. the company aims for an issue size of ₹12 Cr through this IPO.
Company Overview
| Full name | Vilin Bio Med Limited |
| Sector | Healthcare |
| Industry | Pharmaceuticals & Drugs |
| Company Website | http://www.vilinbiomed.co.in/ |
About Company
Incorporated in 2005, Vilin Bio-Med is engaged in the domestic business of manufacturing pharmaceuticals products, and the manufacturing unit is located in Roorkee, in the State of Uttarakhand. In order to maintain its competitiveness and to further the cause of healthcare, the company has laid an R&D foundation.
The company’s products can be classified into the following categories:
- Solid Oral Dosage form (βeta & Non βeta-Lactam)
- Oral Liquids
- External Preparations
- Dry Powders
As of 31 December 2022, the company is operating at approximately 30% capacity utilization. Vilin Bio Med plans to scale production to its optimum manufacturing capacity and leverage economies of scale, thereby reducing overall operational costs and adding to the margins. The company employs 61 employees, including 30 in production and 9 in quality control and assurance.
The Objective of the Issue
- Augmenting additional working capital requirements,
- General Corporate Purposes.
IPO Timetable
| IPO Opening date | 16 June 2023 |
| IPO Closing | 21 June 2023 |
| Basis of Allotment | 26 June 2023 |
| Initiation Refund | 27 June 2023 |
| Credit to Demat Account | 29 June 2023 |
| Listing Date | 30 June 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12 Cr – 4,000,000 shares |
| Fresh Issue | ₹12 Cr – 4,000,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹30 per share |
| Lot size | 4000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 1,681.29 | 1,171.52 | 1,121.49 | 901.29 |
| Expenses | 1,663.03 | 1,155.77 | 1,117.44 | 728.98 |
| Net income | 16.22 | 12.13 | 3.35 | 128.08 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.20 | 0.15 | 0.04 |
| PE ratio | – | – | 275.00 |
| RONW (%) | 2.24 | 1.65 | 0.45 |
| NAV | 8.78 | 8.92 | 8.96 |
| ROCE (%) | 1.37 | 0.94 | 0.26 |
| EBITDA (%) | 5.41 | 7.34 | 6.86 |
Company Promoters
- Viswa Prasad Sadhanala
- Sadhanala Venkata Rao
- D. Srinivasa Reddy
- Ramesh Reddy Sama
Promoter Holding
| Pre Issue Share Holding | 91.45% |
| Post Issue Share Holding | 64.52% |
Lead Manager(s)
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra
Phone:+91 22 4075 1500
Email: compliance@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
VILIN BIO MED LIMITED
Sy No.115/GF/J, Hanumanji Colony,
Brig Sayeed Road, Bowempally, Secunderabad – 500003, Telangana
Phone: +91 40 7961 8843
E-mail: cs@vilinbiomed.co.in
Website: www.vilinbiomed.co.in
Allotment Status
Vilin Bio Med IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Vilin Bio Med IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
