Saamya Biotech - Don't bother to fill in
Issue Date :Sept 24 - sept 28
Issue Price :10 Rs
Min. Order Quantity :600 Shares
Grade :Average - Bad
Recommendation :Skip
Company Information
Saamya Biotech is coming out with an initial public offering (IPO) of 15 lakh shares of Rs 10 each to raise around Rs 15 crore.
The company has set up in August 2002 as 100% EOU and deals in various chemicals and pharmaceuticals and also deals in various drugs and intermediaries.
As of now, it has no financials to report, so the management said that they will have revenues from FY08 onwards.
It has total assets of Rs 9.19 crore and networth of Rs 8.66 crore.
Money raised from the issue intends to use for setting up manufacturing facilities including R&D, pilot facility and to meet margin money for working capital.
Premium on share - Rs . 2-4 on Listing
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