Shree Ganesh Remedies Ltd

ganesh remedies

About the Company:

Company (Headquartered in Ankleshwar, Gujarat) and is engaged in manufacturing and dispatch of drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry.

Shree Ganesh Remedies Ltd is as ISO 9001:2015, ISO 14001:2015 BS and OHSAS 18001:2007 certified Company.

Company manufactures products relating to antipsychotic,antiseptic, deprotonation reactions, hyperlipidemia, alzheimers and anti-viral.

The Products are manufactured for export market and also for domestic and foreign markets. They had entered the International market in the year 2006 and are on regular basis exporting their products to various countries.

The manufacturing process is supported by Total Quality Management techniques and is supervised through various quality control equipment’s and qualified personnel.

Company’s manufacturing facility is divided into three manufacturing plants namely Plant I, II and III spread across 9715 square meters having different product manufacturing capabilities and process.


Management Team:

  1. Mr.Chandubhai Kothia (Designation:Promoter, Chairman & Managing Director)
  2. Mr.Hasmukh Kothia (Designation: Executive Director)
  3. Mr.Ashokkumar Kothia (Designation:Executive Director)


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Chandubhai Kothia 10.96% 8.06%
Hasmukh Kothia 11.51% 8.46%
Ashokkumar Kothia 4.55% 3.34%
Babubhai Kothia 6.37% 4.68%
Manubhai Kothia 15.50% 11.40%
Subhash Kothia 7.80% 5.74%
Hansaben Kothia 7.24% 5.32%
Promoter Group Entities            21.37%         15.71%
Total 85.31% 62.72%


Strengths of the Company:

  • Experienced Promoters.
  • Quality Assurance.
  • Efficient management team.
  • Well-equipped manufacturing facility.
  • Long term relationships with customers.


Comparison of Peer Group Companies:

Company Name EPS PE Ratio RoNW(%) NAV
Ishita Drugs & Industries Ltd 0.61 31.07 3.14 19.44
Bhagiradha Chemicals Industries Ltd 4.01 48.63 4.21 95.35
Aarti Industries Ltd 37.35 22.92 23.41 159.53
Shree Ganesh Remedies Ltd 3.96 9.09 15.81 25.07


Objectives of the Issue:

  • Setting up a new Choloro Compound derivatives manufacturing plant at Ankleshwar GIDC Gujarat.
  • General Corporate Purposes.
  • Listing Benefits.


Fund Utilisation:

Particulars Amount (Rs. in Lakhs)
Setting up a new Choloro Compound derivatives
manufacturing plant at Ankleshwar GIDC Gujarat
General Corporate Expenses 112.36
Net Proceeds 968.36


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17
Revenue  13.35  19.13  16.98  15.87  20.32
Net Profit  1.48  3.21  1.27  1.08  2.61


IPO Details:

Details Info
Issue Opens on 28th September 2017
Issue Closes on  5th October 2017
Issue Price Rs.36
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,08,000
Issue Constitutes 27.07%
Issue Size Rs.9.68 cr
Market Cap Rs.32.29 cr
Listing at BSE SME
Equity Shares Offered 23,76,000
Equity Shares Prior 65,95,356
Equity Shares after the issue 89,71,356


Important Dates:

Finalization of Basis of Alottment on or Before 10th October 2017
Allotment/Initiation of Refunds on or Before 11th October 2017
Credit of Equity Shares: on or Before 12th October 2017
Listing Date: on or Before 13th October 2017


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.96 9.09 15.81% 25.07


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Listing Gains 25%