Select Page

Sudarshan Pharma Industries IPO GMP, Price, Dates & Allotment Details 2023

Sudarshan Pharma Industries IPO GMP, Price, Dates & Allotment Details 2023

The Sudarshan Pharma Industries IPO will open on March 9 and close on March 14, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 50.10 crore through this public offering, consisting of 6,862,400 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 71 to ₹ 73 per share.

Incorporated in 2008. Company engaged in the specialties of chemicals and intermediates for pharma, agrochemicals, coatings, paints, adhesives, and various other industries. The company is also into the manufacturing of active pharmaceutical ingredients. Some products it outsources and manufactures at its toll manufacturing facility, and the company is also into specialty chemical imports and exports as well as supplying the same to actual users. As per the clients needs and requirements, the company provides customized specialty chemicals to its own clients in India and abroad regularly. Its specialty chemicals and intermediates have wide application in sectors like pharma, agrochemicals, performance chemicals, resins, paint, food, adhesives, and various other industries.

The company is also involved in contract manufacturing, outsourcing, and supplying generic pharmaceutical formulations and medicines to healthcare institutions, governments, non-governmental organizations, and hospitals.

They operate both in domestic and international markets. Presently, the company is supplying active pharmaceutical ingredients (APIs), intermediate finished dosage formulations (FDFs), and specialty chemicals (SCs) in the domestic market and also exporting to other countries.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. Working Capital Requirements
  2. General Corporate Purposes.

Financial Highlights (Restated)

ParticularsPeriod ended on 30th June 2022FY 2021-22FY 2020-21
Net Worth3,192.452,977.532,250.74
Total Assets14,703.7413,752.189,926.02
Total Borrowings4,737.023,059.242,977.09
Total Revenue10,587.7935,755.8919,372.82
Profit After Tax225.37530.37267.12
(Amount in ₹ Lakhs)

Sudarshan Pharma Industries IPO – Details

As per the DRHP filed with SEBI, a total of 68.624 lakh shares will be offered as part of the fresh issue on the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 74,400 shares of the offering. While Gretex Corporate Services Pvt Ltd will be the lead manager for the IPO, KFin Technologies Limited will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered through the building of the book.

Issue TypeBook Built Issue IPO
IPO Price₹ 71 to ₹ 73 per share
Face Value₹ 10 per share
Market Lot1,600 Shares
Issue Size6,862,400 shares of ₹ 10  (Aggregating up to ₹ 50.10 Crore)
Fresh Issue6,862,400 shares of ₹ 10  (Aggregating up to ₹ 50.10 Crore)
QIB Shares OfferedNot more than 50% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
Market Maker GRETEX SHARE BROKING PVT. LTD.
Listing AtBSE SME
Company PromotersMr. Hemal Vasantrai Mehta 
Mr. Sachin Vasantrai Mehta

GMP – Sudarshan Pharma Industries IPO

Sudarshan Pharma Industries’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Sudarshan Pharma Industries IPO

The issue opens for subscription on March 9, 2023, and closes for subscription on March 14, 2023 (both days inclusive). The basis of allotment will be finalized on March 17th, 2023, and the refunds will be initiated on March 20th, 2023. In addition, the demat credits are expected to happen on March 21, 2023, and the stock will list on March 22, 2023, on the BSE SME segment. 

Opening DateMarch 9, 2023
Closing DateMarch 14, 2023
Basis of AllotmentMarch 17, 2023
Initiation of RefundsMarch 20, 2023
Credit of shares to Demat A/cMarch 21, 2023
Listing DateMarch 22, 2023

Lot Size – Sudarshan Pharma Industries IPO

The lot size of the Sudarshan Pharma Industries IPO is 1,600 shares. A retail-individual investor can apply for up to  lots, i.e. 1,600 shares of  ₹ 116,800.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,600₹ 116,800
Retail (Maximum)11,600₹ 116,800
HNI (Minimum)23,200₹ 233,600

Promoters Holdings – Sudarshan Pharma Industries IPO

Pre-issue Shares Holdings80.28%
Post-issue Shares Holdings

SWOT Analysis – Sudarshan Pharma Industries IPO

STRENGTHSWEAKNESSES
1. Quality & Innovative product gives a market edge for most of the suppliers. 
2. Reliable Contact Manufacturing & sourcing of Formulation, API and drugs. 
3. Rising Demand for API and Formulation. 
4. Competitive edge in terms of quality and bidding. 
5. Good marketing & distribution network. 
6. Vast Experience of Promoters in the Field. 
1. Dependent upon growth in the Pharma and API industry & competition from China and International suppliers. 
2. The requirement of Finance to cater to at a national level. Limited market share & presence in a few segments. 
3. Customers supply door to door on a national level.   
4. Competitors can offer similar products quickly. 
OPPORTUNITIESTHREATS
1. Growing acceptance by consumers of new and innovative formulation and awareness. 
2. Rising in demand for products in emerging areas and exports.
3. Growing E-commerce and Online sale enables it to cater on a national level easily. 
4. Huge demand for the development of special products suitable for Pharma and API. 
1. Changes in government policies. 
2. Fluctuations in raw material prices. 
3. Change of behavior of consumer demand. 
4. Increase in Input cost can cause upward pricing. 
5. Too many players entering and exiting the market. 

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationSudarshan Pharma Industries Ltd
301,3rd Floor, Aura Biplex, Above Kalyan Jewellers S. V. Road, Borivali (West) Mumbai – 400092
Phone: 022- 42221111
Email: [email protected]
Website: http://www.sudarshanpharma.com/
IPO RegistrarKFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)Gretex Corporate Services Pvt Ltd 

FAQ’s

The Sudarshan Pharma Industries Ltd. IPO price is ₹ 71 to ₹ 73 per share.

One lot of the Sudarshan Pharma Industries Ltd. IPO contains 1,600 shares of ₹ 116,800.

The minimum investment size is one lot for retail investors.

The finalisation of the basis of allotment for the Sudarshan Pharma Industries Ltd. IPO will be done on March 17, 2023, and the allotted shares will be credited to your demat account by March 21, 2023. Check the Sudarshan Pharma Industries Ltd. IPO allotment status.

The Sudarshan Pharma Industries Ltd. IPO shares listing date is March 22, 2023.

The investors’ portion for QIB - 50%, NII (HNI) – 15% of Net issue, and Retail – 35% of the Net Issue.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT