Sudarshan Pharma Industries Ltd IPO is set to launch on 9 March, 2023. The company initiated its business operations in the year 2008. It has a contract manufacturing facility to supply and source generic formulations. The company also supplies speciality chemicals, Intermediaries and APIs and is involved in import and export of the same products.
The products made by Sudarshan Pharma Industries Ltd are used in various segments such as Paint, Pharma, Food, Adhesive industry etc. They have a total of 50 pharma formulations. The company has its own sales and distribution team in 5 states in India.
Sudarshan Pharma Industries Ltd IPO DETAILS
Sudarshan Pharma Industries Ltd IPO is set to launch on 9 March., 2023. The subscription timeline extends till 14 March, 2023. The size for the IPO is 50.10 Crore Rs. Shares issued through fresh issue mode are worth 50.10 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 71 to 73 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Private Limited.
Tabular Description of Sudarshan Pharma Industries Ltd IPO
| IPO OPENING DATE | 9 March., 2023 |
| CLOSING DATE FOR IPO | 14 March, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 71 to 73 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 50.10 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 50.10 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 24 March, 2023 |
Sudarshan Pharma Industries Ltd IPO : IMPORTANT DATES
| IPO OPENING DATE | 9 March., 2023 |
| CLOSING DATE FOR IPO | 14 March., 2023 |
| IPO ALLOTMENT DATE | 17 March, 2023 |
| REFUNDS | 20 March, 2023 |
| DEMAT A/C CREDITED ON | 21 March, 2023 |
| IPO LISTING DATE | 24 March, 2023 |
Sudarshan Pharma Industries Ltd IPO begins for subscription from 9 March., 2023. The IPO subscription would continue till 14 March, 2023. The allotment status for the shareholders who applied would come on 17 March, 2023. The refunds for the ones who did not get allotment would be initiated on 20 March, 2023. The DEMAT accounts of shareholders would be credited on 21 March, 2023. The listing of the company would be accompanied on 24 March, 2023.
Sudarshan Pharma Industries Ltd IPO : Lead Managers
The lead managers are :
- Greetek Corporate Services Private Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 116800 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 233600 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 116800 Rs. |
| Maximum | 3200 shares | 233600 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The money raised will be also utilised for the working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | Sept. 2022 |
| ASSETS | 9926 | 13752 | 16402 |
| Revenue | 19372 | 35755 | 19589 |
| PAT | 267 | 530 | 360 |
Sudarshan Pharma Industries Ltd had an asset base of 9926 Lakh Rs in 2021. This increased to 13752 Lakh Rs in 2022. The company’s asset base has increased to 16402 Lakh Rs in Sept. 2022. The revenue generated by the company stood at 19372 Lakh Rs in 2021 which increased to 35755 Lakh Rs in 2022. The company’s profit stood at 267 Lakh Rs in 2021. The profits of 2022 almost doubled to 530 Lakh Rs. As of Sept. 2022 the company has already made 360 Lakh Rs in profit with a revenue of 19589 Lakh Rs.
PROS
- Sudarshan Pharma Industries Ltd manufactures and supplies its own products on a contract basis. Its contract is associated with various hospitals, government, NGO and healthcare.
- The products made by Sudarshan Pharma Industries Ltd are used in various segments such as Paint, Pharma, Food, Adhesive industry etc.
- The company also supplies speciality chemicals, Intermediaries and APIs and is involved in import and export of the same products.
CONS
- The company works in a highly competitive segment.
Sudarshan Pharma Industries Ltd 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 Sudarshan Pharma Industries Ltd 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.
