Syncom Healthcare IPO
Syncom Healthcare IPO — date, price band, lot size & details 2010
Syncom Healthcare listed on 15 Feb 2010 at ₹89.9, 19.9% above the ₹75 issue price.
Syncom Healthcare is a central India pharmaceutical company making ethical, OTC, generic and herbal formulations under its own brands and for other companies. Its total income was Rs 19.33 crore in FY2009.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 27 Jan 2010
- Close 29 Jan 2010
- Allotment 05 Feb 2010
- Refund/credit TBA
- Listing 15 Feb 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Jan, 2010 |
|---|---|
| Price Band | ₹65 – ₹75 |
| Face Value | ₹10 |
| Lot Size | 90 Shares |
| Issue Size | ₹56.25 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 90 shares at the ₹75 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 90 | ₹6,750 |
| Retail (max) | 29 | 2,610 | ₹1,95,750 |
| S-HNI (min) | 30 | 2,700 | ₹2,02,500 |
| S-HNI (max) | 148 | 13,320 | ₹9,99,000 |
| B-HNI (min) | 149 | 13,410 | ₹10,05,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total borrowing fell from Rs 30.39 crore in FY2007 to Rs 0.90 crore on 31 July 2009.
- 02It had over 250 products under its own brands.
- 03Its contract manufacturing range covered over 400 products.
- 04Rs 20.48 crore of the issue was for a new manufacturing unit at the Indore SEZ.
Risks · 5
- 01Total income fell from Rs 54.95 crore in FY2007 to Rs 19.33 crore in FY2009.
- 02Profit after tax fell from Rs 3.67 crore in FY2007 to Rs 0.23 crore in FY2009.
- 03Net worth was only Rs 2.93 crore on 31 July 2009, against an issue of Rs 56.25 crore.
- 04The new Indore SEZ unit and the Dehradun upgrade, costing Rs 20.48 crore and Rs 6.62 crore, carry execution risk.
- 05Promoters held 100% before the issue and 57.14% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Syncom Healthcare offer document.
| Metric | 31 Jul 2009 | 31 Mar 2009 | 31 Mar 2008 | 31 Mar 2007 |
|---|---|---|---|---|
| Total Income | 15.56 | 19.33 | 30.73 | 54.95 |
| Profit After Tax | 0.06 | 0.23 | 2.74 | 3.67 |
| NET Worth | 2.93 | 5.60 | 9.45 | 15.78 |
| Reserves and Surplus | 0.67 | 0.98 | 3.91 | 7.87 |
| Total Borrowing | 0.90 | 5.21 | 20.18 | 30.39 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Syncom Healthcare RHP.
Where the money goes
₹57.49 Cr of the issue is earmarked to named objects.
About the company
It makes, markets and trades pharmaceutical formulations in tablets, capsules, liquids, ointments, eye and ear drops, dry syrups and herbal products. It had over 250 products under its own brands.
It also works as a contract manufacturer for domestic and multinational companies, with a range of over 400 products, and its manufacturing premises span over 1,25,000 sq ft.
The IPO was Rs 56.25 crore and was entirely fresh issue at Rs 75 per share. The money was planned for a new unit at the Indore SEZ, upgrading its Dehradun plant, working capital and an export office in Mumbai.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Syncom Healthcare IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Syncom Healthcare?
The current Grey Market Premium is ₹0.
What is the Syncom Healthcare IPO price band?
₹65 to ₹75, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 February 2010, with listing on 15 February 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
