Saturday, March 2, 2013

HPC Biosciences IPO

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HPC Biosciences has come out with an IPO of 45 lakh equity shares and intends to raise Rs 15.75 crore through the issue. The company is engaged in the agriculture operations of cultivation, processing and distribution of agriculture commodities like wheat, paddy, sugar cane, fruits, vegetables and flowers.

The IPO shall open on 1 March, 2013 and shall close on 5 March, 2013. The company has fixed a price of Rs 35 a share. The IPO is proposed to be listed on BSE SME platform. An investor needs to invest a minimum of 4000 shares or Rs 1,40,000 and in multiples of 4000 shares thereafter. So, a retail investor can invest only 4000 shares in this IPO.

The company intends to utilize proceeds of the IPO for development of green house cultivation; development of farm land for transition to organic farming; strengthening supply chain management; procurement of farm tools and equipments; and general corporate expenses.

Guiness Corporate Advisors Private Limited is the lead manager to the issue. Cameo Corporate Services Ltd is the registrar of the issue.


We would not recommend this IPO to investors at this time!


Click here to check HPC Biosciences IPO Allotment status!


HPC Biosciences IPO will get listed on 19 March, 2013. Visit this post again for listing details!
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