Zenith Drugs Limited IPO
NSE SMEListed On: Feb 27, 2024 at ₹ 110.0
₹ 252800 /3200 Shares
*Min Investment
19 Feb, 2024
Open Date22 Feb, 2024
Close Date23 Feb, 2024
Allotment Date27 Feb, 2024
Listing DateZenith Drugs Limited IPO Issue Details
- Issue Price ₹75-79 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 51,48,800 shares(aggregating up to ₹40.68 crore)
- Fresh Share 51,48,800 shares(aggregating up to ₹40.68 crore)
- Listing at NSE SME
- List Price 110.0
- Listing Date 2024-02-27
- Lead Manager Gretex Corporate Services Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,26,400 |
| Retail(max) | 1 | 1600 | ₹1,26,400 |
| NII (min) | 2 | 3,200 | ₹2,52,800 |
Zenith Drugs Limited IPO Reservation
Zenith Drugs Limited IPO offers total 5,148,800 shares. Out of which 859,200 (16.69%) allocated to QIB, 644,800 (12.52%) allocated to NII,1,504,000 (29.21%) allocated to RII, NA (NA%) allocated to employees and 1,288,000 (25.02%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,288,000 (25.02%) | |
| Market Maker Shares Offered | 852,800 (16.56%) | |
| QIB Shares Offered | 859,200 (16.69%) | |
| NII (HNI) Shares Offered | 644,800 (12.52%) | |
| Retail Shares Offered | 1,504,000 (29.21%) | |
| Total Shares Offered | 5,148,800 (100%) |
Zenith Drugs Limited IPO Details
Zenith Drugs Limited IPO is an SME IPO, priced at ₹75-79 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 51,48,800 equity shares, aggregating up to ₹40.68 crores..
The IPO bidding window is open from Feb 19, 2024 to Feb 22, 2024. The allotment is expected to be finalized on Feb 23, 2024, and the tentative listing date is Feb 27, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,26,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,52,800.
Gretex Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Gretex Share Broking Private Limited will act as the market maker for this issue.
Zenith Drugs Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 859,200 / 644,800 | 1,504,000 | 3,008,000 |
Day 1 19-02-24 06:00 PM | 0.00 / 0.99 x | 3.42 x | 1.92 x |
Day 2 20-02-24 06:00 PM | 3.53 / 2.50 x | 9.41 x | 6.25 x |
Day 3 21-02-24 06:00 PM | 3.54 / 7.98 x | 19.42 x | 12.43 x |
Day 4 22-02-24 06:00 PM | 106.72 / 369.94 x | 138.57 x | 179.07 x |
Zenith Drugs Limited Valuations
Zenith Drugs Limited Company Financials
| 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 11,249.04 | 9,793.83 | 6,858.47 |
| Revenue | 6,948.43 | 11,569.65 | 9,266.63 |
| Profit After Tax | 539.38 | 515.29 | 312.86 |
| Net Worth | 2,264.96 | 1,724.42 | 1,209.09 |
| Reserves & Surplus | 1,064.96 | 1,684.42 | 1,169.09 |
| Total Borrowing | 2,902.81 | 2,605.03 | 1,880.86 |
About Zenith Drugs Limited Company
Zenith Drugs Limited is a pharma company which was incorporated in the year 2000. Its products include medicines that are highly quality and are sold at relatively low prices in the market as well as generics.
The organization complies with WHO-GMP and has got ISO 9001:2015 certification issued by EuroUK recognized certification body.
Product portfolio comprises of:
ORS Powder
Liquid Orals
Ointments;
Liquid Externals; and
Capsules
The Food & Drugs Administration has certified more than 600 products from the company that are being put into production 325 in stock.The establishment of a manufacturing facility in an area known as Village Muradpura at Depalpur, Indore, Madhya Pradesh is under operation.
The company sells its products to countries in Central America and the Caribbean and Pacific regions, Malawi, Mauritius, Mozambique, Sudan, Tanzania, Bhutan, Cambodia in Southeast Asia, Tajikistan, Liberia, Sierra Leone, and Conakry.Zenith Drugs Limited is into third-party manufacturing, or white label manufacturing, for respected pharmaceutical companies like Ajanta Pharma, Bio Medical Laboratories, and Zest Pharma, among others.
As of 31 March, 2023, there were 89 staff; 61 of them were payroll employees while the rest are 28 are contractual.
Zenith Drugs Limited - Promoter(s)
Mr. Sandeep Bhardwaj
Mr. Bhupesh Soni
Mr. Ajay Singh Dassundi
Pre Issue Share Holding : 100%
Post Issue Share Holding : 69.68%
Zenith Drugs Limited IPO - Issue Objectives
Purchase of Machinery & Equipments for Setting up New Unit
Existing Manufacturing Block Upgradation
Working Capital Requirements
General Corporate Purposes.
Contact Details
Zenith Drugs Limited
K. No. 72 / 5, Village Muradpura, NA Depalpur, Indore-453001
+91 8435501867
Zenith Drugs Limited IPO - FAQs
Ans. Zenith Drugs Limited IPO is a SME IPO. The issue is priced at ₹75-79 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Feb 19, 2024, and closes on Feb 22, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Zenith Drugs Limited IPO opens on Feb 19, 2024 and closes on Feb 22, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Zenith Drugs Limited IPO is 5,148,800 shares(aggregating up to ₹40.68 Cr).
Ans. The Zenith Drugs Limited IPO price band is set between ₹75-79 per equity share.
Ans. To apply for Zenith Drugs Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Zenith Drugs Limited 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 Zenith Drugs Limited IPO is Feb 23, 2024.
Ans. The Zenith Drugs Limited IPO will be listed on Feb 27, 2024.
Ans. Follow the steps to check the Zenith Drugs Limited IPO allotment status online.
