Sudarshan Pharma Industries Ltd IPO
BSE SMEListed On: Mar 22, 2023 at ₹ 73.0
₹ 233600 /3200 Shares
*Min Investment
09 Mar, 2023
Open Date14 Mar, 2023
Close Date17 Mar, 2023
Allotment Date22 Mar, 2023
Listing DateSudarshan Pharma Industries Ltd IPO Issue Details
- Issue Price ₹71-73 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Fresh Issue : 6,862,400 shares of ₹10(aggregating up to ₹50.10 Cr)
- Listing at BSE SME
- List Price 73.0
- Listing Date 2023-03-22
- Lead Manager Gretex Corporate Services Pvt Ltd
- Registrar KFin Technologies Limited
Sudarshan Pharma Industries Ltd IPO Details
- Retail Portion N/A
Sudarshan Pharma Industries Ltd IPO Details
Sudarshan Pharma Industries Ltd IPO is an SME IPO, priced at ₹71-73 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Mar 9, 2023 to Mar 14, 2023. The allotment is expected to be finalized on Mar 17, 2023, and the tentative listing date is Mar 22, 2023.
The registrar of the IPO is KFin Technologies Limited, and
Sudarshan Pharma Industries Ltd IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 521,600 / 1,908,800 | 3,651,200 | 6,081,600 |
Day 1 09-03-23 06:00 PM | 0.00 / 0.37 x | 0.46 x | 0.40 x |
Day 2 10-03-23 06:00 PM | 0.00 / 0.38 x | 0.67 x | 0.52 x |
Day 3 13-03-23 06:00 PM | 0.00 / 0.58 x | 0.88 x | 0.71 x |
Day 4 14-03-23 06:00 PM | 1.01 / 0.81 x | 1.20 x | 1.06 x |
Sudarshan Pharma Industries Ltd Valuations
Sudarshan Pharma Industries Ltd Company Financials
| 30-Jun-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 14,703.74 | 13,752.18 | 9,926.02 | N/A |
| Revenue | 10,587.79 | 35,755.89 | 19,372.82 | N/A |
| Profit After Tax | 225.37 | 530.37 | 267.12 | N/A |
About Sudarshan Pharma Industries Ltd Company
Mumbai based Sudarshan Pharma Industries Limited (SPIL) has a contract manufacturing facility to source and supply generic formulations. It is also engaged in import & export activities, and supply of specialty chemicals, API (Active Pharmaceutical Ingredients), and Intermediates. Based on clients' specifications and requirements, they outsource the manufacturing facility from the suppliers in India and abroad.
The generic products supplied by the company have a wide application in paint, food, pharma, and adhesive industry. The company is involved in a contract manufacturing facility, supply and outsource of medicines and pharma formulation to hospitals, NGO, government and healthcare institutes. SPIL has 50 pharma formulations which are supplied under the brand name in the form of tablets, ointment, capsules, and injectable.
The company has its own sales force and distribution network in 5 states for ethical marketing of pharmaceutical formulation & products under the brand name in Indian and international markets. It also offers formulation development and QC services and provides customised solutions.
Sudarshan Pharma Industries Ltd - Promoter(s)
Mr. Hemal Vasantrai Mehta
Mr. Sachin Vasantrai Mehta
Pre Issue Share Holding : 80.28%
Post Issue Share Holding : %
Sudarshan Pharma Industries Ltd IPO - Issue Objectives
Working Capital Requirements
General Corporate Purposes.
Sudarshan Pharma Industries Ltd IPO - FAQs
Ans. Sudarshan Pharma Industries Ltd IPO is a SME IPO. The issue is priced at ₹71-73 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 9, 2023, and closes on Mar 14, 2023. KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Sudarshan Pharma Industries Ltd IPO opens on Mar 9, 2023 and closes on Mar 14, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Sudarshan Pharma Industries Ltd IPO is Fresh Issue : 6,862,400 shares of ₹10(aggregating up to ₹50.10 Cr).
Ans. The Sudarshan Pharma Industries Ltd IPO price band is set between ₹71-73 per equity share.
Ans. To apply for Sudarshan Pharma Industries Ltd IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Sudarshan Pharma Industries Ltd IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Sudarshan Pharma Industries Ltd IPO is Mar 17, 2023.
Ans. The Sudarshan Pharma Industries Ltd IPO will be listed on Mar 22, 2023.
Ans. Follow the steps to check the Sudarshan Pharma Industries Ltd IPO allotment status online.
