Bal Pharma Ltd., Karnataka's medium-sized pharma enterprise, has got listed in the National Stock Exchange. The company's equity shares are now admitted for trading with effect from May 8. Its code on NSE is BALPHARMA and the share is trading at Rs 64.
"The listing on National Stock Exchange is expected to enhance the marketability, liquidity and visibility of the company's shares among the investors. This will lead to the convenience of the shareholders by using online trading throughout the country, stated Shailesh Siroya, managing director, Bal Pharma Ltd.
Having completed 18 years of operations in the industry, Bal Pharma went public in the year 1995 with its maiden Public Issue, listing its shares at Bombay Stock Exchange & Bangalore Stock Exchange. The share (BALPH) is currently trading at Rs 63.
In mid-2005, the company saw a fund generation of Rs 13.65 crore as against the Rights Issue amount of Rs 11.75 crore. Meanwhile, the company has invested around Rs 32.27 crore for setting up two units one in Bangalore and the other at Uttaranchal.