Thursday, June 24, 2021

Orchid Pharma OFS Date, Floor Price, Discount and OFS Size

Orchid Pharma has announced OFS that start on 24 June for non-retail and on 25 June for retail investors. The offer for sale floor price at ₹375. The floor price is very much with high discount from the closing price at ₹1325 (72% discount). The closing price of the Orchid Pharma on 23 June was ₹1325 so it will be 72% discount offered for the investors. A Mega Discount offer by Orchid Pharma via Offer for sale.Orchid Pharma

Orchid Pharma OFS Details:

 IPO Open:  24 June 2021 (Non-Retail)
 IPO Close:  25 June 2021 (Retail)
 Retail Portion:  10%
 OFS Floor Price:  ₹375 per equity share
 Closing Price:  ₹1325 as on 23 June 2021
 OFS Discount:  72% on closing price
 Retail Discount:  N/A
 Base Size:  32,80,115 Equity Shares
 Green Shoe Size:  - Equity Shares
 Total Size:  32,80,115 Equity Shares

The Offer For Sale is being conducted to meet the minimum public shareholding of 25% as the current promoter holding is 98.04%. Dhanuka Laboratories is one of the promoters of Orchid Pharma proposed to sell 2.80 lakh shares which is around 8.04% of the total issue. Orchid Pharma shares were relisted in November 2020 after acquired by Dhanuka Laboratories. The relisting price was ₹18 as on 3 November 2020 and it started to climb up with upper circuits to ₹2680 in 15 April 2021.

Check the latest share price of Orchid Pharma on NSE & BSE.