{"id":13486,"date":"2022-08-26T09:50:27","date_gmt":"2022-08-26T09:50:27","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/08\/26\/jfl-life-sciences-limited-sme-ipo-nse-emerge-opens-on-25th-august-2022-intends-to-raise-rs-1816-58-lakhs-through-2978000-equity-shares\/"},"modified":"2022-08-26T09:50:27","modified_gmt":"2022-08-26T09:50:27","slug":"jfl-life-sciences-limited-sme-ipo-nse-emerge-opens-on-25th-august-2022-intends-to-raise-rs-1816-58-lakhs-through-2978000-equity-shares","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/08\/26\/jfl-life-sciences-limited-sme-ipo-nse-emerge-opens-on-25th-august-2022-intends-to-raise-rs-1816-58-lakhs-through-2978000-equity-shares\/","title":{"rendered":"JFL Life Sciences Limited SME IPO \u2013 NSE Emerge opens on 25th August 2022; Intends to raise Rs 1,816.58 Lakhs through 29,78,000 equity shares"},"content":{"rendered":"
\"\"<\/div>\n

August 26<\/strong>: JFL Life Sciences Limited, engaged in the business of manufacturing pharmaceutical products having experience of more than a decade, is all set to raise Rs 1,816.58 Lakhs through an initial public offering (IPO). The issue opens on the 25th of August and will be listed on NSE Emerge.<\/p>\n

The public issue of JFL Life Sciences Limited is of 29,78,000 equity shares of Face Value \u20b910 each (\u201cEQUITY SHARES\u201d) for cash at a price of \u20b9 61\/- per equity share (including a securities premium of \u20b9 51\/- per equity share) (the issue price) aggregating \u20b9 1,816.58 LACS of the issue. 1,50,000 equity shares aggregating to \u20b9 91.50 Lakhs will be reserved for market maker (\u201cMarket Maker Reservation Portion\u201d). The issue, less the Market Maker Reservation Portion, i.e., issue of 28,28,000 equity shares of Face Value of \u20b9 10\/- EACH at an issue price of \u20b9 61\/- per equity share, aggregating to \u20b9 1,725.08 Lakhs, which is hereinafter referred to as \u201cThe Net Issue\u201d. The issue and the Net Issue will constitute 27.08% AND 25.71%, respectively of the post issue paid up equity share capital of the company. The company will list at NSE Emerge. The Lead manager of the issue is GYR Capital Advisors Pvt Ltd and the Registrar to the issue is KFin Technologies Ltd. The issue opens on the 25th of August and will close on the 30th of August, 2022 and will subsequently be listed on NSE Emerge.<\/p>\n

The company intends to utilize the proceeds of the Issue to meet the following objectives:<\/p>\n

    \n
  1. Repayment of secured and unsecured loans<\/li>\n
  2. Funding the working capital requirements of the company<\/li>\n
  3. General Corporate Purposes<\/li>\n<\/ol>\n

    \"\"JFL Life Sciences Limited is engaged in the business of manufacturing pharmaceutical products. Their product portfolio consists of Dry powder injections (B-Lactam), Tablets & Capsules (B-Lactam) solid oral dosage form and Tablet and capsules (general) Solid Oral Dosage Form and Oral rehydration solutions (ORS). With market presence in pan India, products of JFL supplies to 10 developed and developing countries throughout the World. To maintain its competitiveness and to further the cause of health care JFL has laid a strong R&D foundation and an FDA approved state of the art manufacturing facility near Ahmedabad.<\/p>\n

    The Company has registered their products to manufacture in various countries like sovereign of Kenya, Nigeria, Yemen & Myanmar. Few of their products are also registered with Ukraine, Uzbekistan, and Kazakhstan as well. This also makes them a \u2018one-stop-shop\u2019 service provider for catering to all of the customer\u2019s needs domestically as well as internationally.<\/p>\n

    The promoters, Mr. Smiral Ashwinbhai Patel and Tejal Smiralbhai Patel are actively involved in the day-to-day business of the company and are the guiding force behind the strategic decisions for the Company. Their management team and other key management personnel are well qualified and have extensive industry expertise, and have been responsible for the operational growth.<\/p>\n

    If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    August 26: JFL Life Sciences Limited, engaged in the business of manufacturing pharmaceutical products having experience of more than a decade, is all set to raise Rs 1,816.58 Lakhs through an initial public offering (IPO). The issue opens on the 25th of August and will be listed on NSE Emerge. The public issue of JFL…<\/p>\n

    Read More “JFL Life Sciences Limited SME IPO \u2013 NSE Emerge opens on 25th August 2022; Intends to raise Rs 1,816.58 Lakhs through 29,78,000 equity shares”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":13487,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-13486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/13486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=13486"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/13486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/13487"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=13486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=13486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=13486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}