Incorporated in 2005, Vilin Bio Med Limited is engaged in the domestic business of manufacturing pharmaceutical products, and the manufacturing unit.
The company sells its products in bulk to pharmaceutical manufacturers, marketers, and traders, who provide the channel for sales to customers.
Its product list can be classified into:
- Oral Liquid (Syrups/Suspensions/Dry Powders (βeta & Non-βeta-Lactam).
- Tablets & Capsules (βeta & Non-βeta-Lactam).
- External Preparations.
- Dry Powders.
The company has its R&D foundation and manufacturing facility in Roorkee, Uttarakhand.
Vilin Bio Med recorded a Rs. 1,121.91 Lakhs revenue in the year 2022, and Rs. 1,171.88 Lakhs in the year 2021.
Vilin Bio Med IPO Details
| IPO Date | Jun 16, 2023 to Jun 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,000,000 shares (aggregating up to ₹12.00 Cr) |
| Fresh Issue | 4,000,000 shares (aggregating up to ₹12.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,950,000 |
| Share holding post issue | 13,950,000 |
| Market Maker portion | 208,000 shares Rikhav Securities |
Vilin Bio Med IPO Reservation
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 208,000 (5.20%) |
| Other Shares Offered | 1,896,000 (47.40%) |
| Retail Shares Offered | 1,896,000 (47.40%) |
| Total Shares Offered | 4,000,000 (100%) |
Vilin Bio Med IPO Timetable (Tentative)
Vilin Bio Med IPO opens on Jun 16, 2023, and closes on Jun 21, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 16 June 2023 |
| Closing Date | Wednesday, 21 June 2023 |
| Basis of Allotment | Monday, 26 June 2023 |
| Initiation of Refunds | Tuesday, 27 June 2023 |
| Credit of Shares to Demat | Thursday, 29 June 2023 |
| Listing Date | Friday, 30 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 21, 2023 |
Vilin Bio Med IPO Lot Size
The Vilin Bio Med IPO lot size is 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator |
Vilin Bio Med IPO Promoter Holding
Viswa Prasad Sadhanala, Sadhanala Venkata Rao, D. Srinivasa Reddy, and Ramesh Reddy Sama are the company promoters.
| Pre Issue Share Holding | 91.45% |
| Post Issue Share Holding | 64.52% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,400.60 | 1,682.41 | 16.22 | 724.13 | 394.13 | 453.41 |
| 31-Mar-21 | 1,389.14 | 1,171.88 | 12.13 | 736.26 | 406.26 | 551.58 |
| 31-Mar-22 | 1,355.83 | 1,121.91 | 3.35 | 739.61 | 409.61 | 529.96 |
| 31-Dec-22 | 1,687.11 | 903.43 | 128.08 | 867.69 | 537.69 | 617.71 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 24.59 |
| Market Cap (₹ Cr.) | 41.85 |
| EPS (Rs) | 0.1 |
| RoNW | 1.15% |
Check Vilin Bio Med IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the proceeds from the net issue for the following objects:
- Augmenting additional working capital requirements, and
- General Corporate Purposes.
Vilin Bio Med IPO Review (Avoid)
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 9M FY23 raises eyebrows and concern over sustainability going forward. Based on such super earnings, the issue appears greedily priced, while based on its track records, it appears exorbitantly priced. There is no harm in skipping this pricey issue. Read detail review…
Vilin Bio Med IPO Subscription Status (Bidding Detail)
The Vilin Bio Med IPO is subscribed 0.86 times on Jun 20, 2023 12:56:00 PM. The public issue subscribed 1.74 times in the retail category, [.] times in the QIB category, and 0.08 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII** | 0.08 |
| Retail | 1.74 |
| Total | 0.86 |
Total Application : 824 (1.74 times)
**Market Maker portion is not included to NII/HNI.
Vilin Bio Med IPO Prospectus
Company Contact Information
Vilin Bio Med Limited
Sy.No.115/GF/J,
Hanumanji Colony, Brig Sayeed Road,
Bowempally, Secunderabad – 500003
Phone: +91 40 7961 8843
Email: cs@vilinbiomed.co.in
Website: http://www.vilinbiomed.co.in/index.html
Vilin Bio Med IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/