Sotac Pharmaceuticals Limited IPO is set to launch on 29 March, 2023. It manufactures pharmaceutical products for other companies on the basis of a contract or loan license. It has more than 162 corporate clients across countries on a loan license or contract manufacturing. Its manufacturing facility was established in the year 2017. It has the capacity for manufacturing 90 Crore tables per year and 14 Crore Capsules per year. It’s a part of the SOTAC Group which is based in Gujarat and has an experience of 59 years in the field.
Sotac Pharmaceuticals Limited IPO DETAILS
Sotac Pharmaceuticals Limited IPO is set to launch on 29 March., 2023. The subscription timeline extends till 3 April, 2023. The size for the IPO is 33.30 Crore Rs. Shares issued through fresh issue mode are worth 33.30 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 105 to 111 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of Sotac Pharmaceuticals Limited IPO
| IPO OPENING DATE | 29 March., 2023 |
| CLOSING DATE FOR IPO | 3 April, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 105 to 111 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 33.30 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 33.30 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 13 April, 2023 |
Sotac Pharmaceuticals Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 29 March., 2023 |
| CLOSING DATE FOR IPO | 3 April., 2023 |
| IPO ALLOTMENT DATE | 10 April, 2023 |
| REFUNDS | 11 April, 2023 |
| DEMAT A/C CREDITED ON | 12 April, 2023 |
| IPO LISTING DATE | 13 April, 2023 |
Sotac Pharmaceuticals Limited IPO begins for subscription from 29 March., 2023. The IPO subscription would continue till 3 April, 2023. The allotment status for the shareholders who applied would come on 10 April, 2023. The refunds for the ones who did not get allotment would be initiated on 11 April, 2023. The DEMAT accounts of shareholders would be credited on 12 April, 2023. The listing of the company would be accompanied on 13 April, 2023.
Sotac Pharmaceuticals Limited IPO : Lead Managers
The lead managers are :
- Beeline Capital Advisors Private Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 133200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 266400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 133200 Rs. |
| Maximum | 2400 shares | 266400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The IPO Money will be used for investment into a company’s subsidiary.
- The money will be used for upgrading and constructing the current building of the firm.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 3038 | 3470 | 3525 |
| Revenue | 2882 | 4895 | 7337 |
| PAT | 8.75 | (-237) | 289 |
Sotac Pharmaceuticals Limited had an asset base of 3038 Lakh Rs in 2020 which increased to 3470 Lakh Rs in 2021 and 3525 Lakh Rs in 2022. The company had a revenue base of 2882 Lakh Rs in 2020 which increased by 1.7 times to 4895 Lakh Rs. The revenue increased by 1.5 times to 7337 Lakh Rs in 2022 from 4895 Lakh Rs. The profit of the firm was 8.75 Lakh Rs. However the company made a loss of 237 Lakh Rs in 2021. However the company made 289 Lakh Rs in profits in the year 2022.
PROS
- Sotac Pharmaceuticals Limited has more than 162 corporate clients across countries on a loan license or contract manufacturing. Its manufacturing facility was established in the year 2017.
- It has the capacity for manufacturing 90 Crore tables per year and 14 Crore Capsules per year.
- It’s a part of the SOTAC Group which is based in Gujarat and has an experience of 59 years in the field.
CONS
- The company works into a very competitive segment.
Sotac Pharmaceuticals Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Sotac Pharmaceuticals Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
