The regulator conducted a probe into the IPO of BPML for the period July 7 to July 15, 2011. The shares of BPML were listed on BSE on July 7, 2011. The IPO was open for subscription from June 20- 23, 2011.
Birla Pacific Medspa Ltd (BPML), which came out with offer documents in March 2011, had floated its over Rs 65-core initial public offering (IPO) in June 2011.
The action follows non-compliance to a Listing Agreement clause relating to timely preparation and disclosure of financial results by a listed company for two consecutive quarters
Birla Pacific Medspa has reported a sales standalone turnover of Rs 0.28 crore and a net profit of Rs 0.25 crore for the quarter ended Dec '13
Birla Pacific Medspa has reported a sales standalone turnover of Rs 0.10 crore and a net profit of Rs 0.38 crore for the quarter ended Jun '13
Birla Pacific Medspa has reported a sales standalone turnover of Rs 0.21 crore and a net profit of Rs 0.34 crore for the quarter ended Dec '12
On January 01, 2013 Shah Nishith sold 2,500,000 shares of Birla Pacific Medspa at Rs 3.41. In the previous trading session, the share closed at Rs 3.42, up Rs 0.01, or 0.29%.
On December 26, 2012 Tripurari Properties Private Limited bought 1,580,000 shares of Birla Pacific Medspa at Rs 2.86.
Mega star Amitabh Bachchan, known as the Big B of Bollywood, invests in small and mid-sized companies as well when it comes to stock market purchases, and is sitting on losses on some of his recent investments.
On Sep 12, 2011 Pinac Stock Brokers Pvt Ltd bought 600,000 shares of Birla Pacific Medspa at Rs 22 on the BSE.
On Aug 24, 2011 Orbit Financial Consultants Private Limited sold 701,000 shares of Birla Pacific Medspa at Rs 20.60 on the BSE.
On Aug 17, 2011 SPS Share Brokers Private Limited sold 800,000 shares of Birla Pacific Medspa at Rs 19.91 on the BSE.
On July 28, 2011 Shree Suprinit Tradinvest Pvt.Ltd sold 770,421 shares of Birla Pacific Medspa at Rs 19.43 on the BSE.
On July 27, 2011 Ajay Multi Projects Limited bought 1,000,000 shares of Birla Pacific Medspa at Rs 18.55 on the BSE.
Devang Mehta of Anand Rathi is of the view that one should exit Birla Pacific Medspa.
Birla Pacific Medspa , a Yash Birla Group Company, witnessed spectacular listing on the bourses today. However, Udayan Mukherjee says, the group is on its way to create one more penny stock. According to him, no serious investor should be even getting closer to some of these names.
In an interview with CNBC-TV18, PVR Murthy, group finance director, Yash Birla Group says, losses in FY11 were on account of brand building exercise. However, this year he expects Rs 10 crore revenue and Rs 1 crore profit.
Yash Birla Group Company Birla Pacific Medspa has fixed the issue price of the company at Rs 10 per share, the lower end of the price band.
The initial public offer (IPO) of Yash Birla Group company Birla Pacific Medspa has been subscribed 1.18 times.
The present IPO is a fresh Issue of Equity Shares of Rs10 each aggregating to Rs 65.175 cr. The offer is being made in the price band of Rs10 – Rs11 a piece. Thus, the issue quantum would be around 6.52 cr shares or 5.93 cr shares depending on the offer price which translates into 58% or 56% of the company’s post-IPO equity.