Nidan Healthcare IPO : Nidan Laboratories & Healthcare Ltd Share Price, GMP, IPO

Nidan Healthcare IPO : Nidan Laboratories & Healthcare Ltd Share Price, GMP, IPO

Initial public issue of 40,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Nidan Laboratories and Healthcare Limited (The Company or The Issuer Company) for cash at a price Rs. 125/- per equity share (including a share premium of Rs. 115/- per equity share) (Issue Price) aggregating to Rs. 50.00 crores (The Issue), out of which 2,00,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 125/- per equity share, aggregating to Rs. 2.50 croress will be reserved for subscription by market maker (Market Maker Reservation Portion).

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The issue less the market maker reservation portion i.e. issue of 38,00,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 115/- per equity share aggregating to Rs. 47.50 crores (is hereinafter referred to as the Net Issue). The issue and the net issue will constitute 28.78% and 27.34%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 125/- i.e. 12.5 times of the face value.