Infinium Pharmachem Limited announces its IPO for 31st March 2023, To be listed on NSE Emerge

New Delhi (India), March 28: Infinium Pharmachem Limited, engaged in the manufacturing and supplying of Iodine Derivatives, Pharma Intermediates and Active Pharmaceutical Ingredients (APIs), brings its IPO for Rs. 2525.72 Lakhs on the March 31, 2023. The public issue is for 18,75,000 shares of face value of Rs 10 per equity share for a cash price of Rs. 135.00 per equity share, including a premium of Rs. 125.00 per equity share, aggregating to Rs. 2525.72 lakhs. Out of 18,75,000 shares, 41,000 equity shares will be reserved for subscription by eligible employees, other than the promoter and promoter group (Employees Reservation Portion) and 94,000 equity shares will be reserved for the Market Maker to the issue. The remaining 17,40,000 shares will constitute the net issue. The issue and the net issue will constitute 26.95% and 25.01% respectively of the post issue paid up capital of the company. The issue opens on the March 31, 2023 and closes on the April 05, 2023, and will subsequently be listed on NSE Emerge platform. Swastika Investmart Limited is the lead manager to the issue and Bigshare Services Private Limited is the registrar to the issue. 

The Issue Proceeds will be utilised towards the following:

1. Marketing and Branding Expenses
2. Repayment of some of Existing Loans
3. Expansion of Existing Unit
4. To Meet Incremental Working Capital Requirements
5. General Corporate Purpose
6. To meet Public Issue Expenses

Infinium Pharmachem Limited was incorporated with the objective of manufacturing and supplying of various pharma related chemicals, bulk drugs, pharma intermediates etc. Accordingly, the Company is dealing specifically and mainly in manufacturing and supplying of Iodine Derivatives, Pharma Intermediates and Active Pharmaceutical Ingredients (APIs). The company has its manufacturing plant at GIDC Sojitra, Anand Gujarat, India. It was formed with a vision to be a globally integrated and trusted pharmaceutical & healthcare company. The Company got certified as ISO 9001-2008 in the year 2010. It entered the pharmaceutical market with the CRAMS Model i.e. Contract Research & Manufacturing Services in which the Company emphasises on Process Optimization, Developing / Manufacturing the products specifically as per customer’s requirement and final application, Customised Packing / Labelling, Reliable Supply of final product, highly focused on Iodine Chemistry. The Company undertakes Contract Research and Manufacturing Services (CRAMS) to provide customised and fully confidential solutions to its clients.