Sudarshan Pharma Industries IPO Review
Sudarshan Pharma Industries IPO Overview
Sudarshan Pharma Industries Limited (SPIL), a Mumbai-based company founded in 2008, has a contract manufacturing facility to find and provide generic formulations. Additionally, it supplies specialised chemicals, APIs (Active Pharmaceutical Ingredients), and intermediates in addition to engaging in import and export operations. They contract with suppliers in India and other countries to manufacture products based on the specifications and demands of their customers.
The company’s generic goods are widely used in the adhesive, food, paint, and pharmaceutical industries. Hospitals, non-profit organisations, the government, and healthcare institutions can purchase drugs and pharmaceutical formulations from the corporation, which also provides these services. There are 50 pharmaceutical formulations produced by SPIL that are sold under the brand name and are available as tablets, ointments, capsules, and injectables.
For the ethical marketing of pharmaceutical formulations and products under the brand name in Indian and foreign markets, the company has its own sales force and distribution network in five states. Additionally, it provides customised solutions and formulation development and quality control services.
The following are the company’s competitive advantages:
1. A corporate approach that prioritises customers and orders
2. A variety of product options
3. Arrangements for contract manufacturing facilities
4. Robust sales, marketing, and distribution networks
5. A variety of business ventures
Sudarshan Pharma Industries IPO Details
IPO Date | Mar 9, 2023 to Mar 14, 2023 |
Face Value | ₹10 per share |
Price | ₹71 to ₹73 per share |
Lot Size | 1600 Shares |
Issue Size | 6,862,400 shares of ₹10 (aggregating up to ₹50.10 Cr) |
Fresh Issue | 6,862,400 shares of ₹10 (aggregating up to ₹50.10 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
P/E (x) | 13.22 |
QIB Shares Offered | Not more than 50% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
Market Maker | GRETEX SHARE BROKING PVT. LTD. |
Company Promoters | Mr. Hemal Vasantrai Mehta and Mr. Sachin Vasantrai Mehta are the Promoters of the company. |
Sudarshan Pharma Industries Financial Performance
Period Ended | Total Assets | Total Revenue | Profit After Tax |
31-Mar-21 | 9,926.02 | 19,372.82 | 267.12 |
31-Mar-22 | 13,752.18 | 35,755.89 | 530.37 |
30-Jun-22 | 14,703.74 | 10,587.79 | 225.37 |
Amount in ₹ Lakhs |
Period Ended | Net Worth | Reserves and Surplus | Total Borrowing |
31-Mar-21 | 2,250.74 | 1,296.05 | 2,977.09 |
31-Mar-22 | 2,977.53 | 2,002.63 | 3,059.24 |
30-Jun-22 | 3,192.45 | 2,217.55 | 4,737.02 |
Amount in ₹ Lakhs |
Sudarshan Pharma Industries Key Ratios
FY 2020 | FY 2021 | FY 2022 | |
EPS | 0.83 | 1.75 | 3.39 |
PE ratio | – | – | 20.94 – 21.53 |
RONW (%) | 6.43 | 11.85 | 17.63 |
NAV | 12.98 | 14.76 | 19.23 |
ROCE (%) | 22.69 | 30.34 | 35.29 |
EBITDA (%) | 3.23 | 3.90 | 3.20 |
Debt/Equity | 1.05 | 1.32 | 1.03 |
Sudarshan Pharma Industries GMP Trend
Updated Soon.
Listing Performance of Sudarshan Pharma Industries
Listed On : BSE SME
Issue Price : ₹71 to ₹73 per share
Listing Day Close : NA
Listing Day Gain : NA
Sudarshan Pharma Industries IPO ISIN Number Code
NSE : NA
ISIN CODE : INE00TV01015
BSE : NA
Sudarshan Pharma Industries IPO Allotment Status
Sudarshan Pharma Industries IPO Important Dates
Opening Date | Mar 9, 2023 |
Closing Date | Mar 14, 2023 |
Basis of Allotment | Mar 17, 2023 |
Initiation of Refunds | Mar 20, 2023 |
Credit of Shares to Demat | Mar 21, 2023 |
Listing Date | Mar 22, 2023 |
Sudarshan Pharma Industries IPO Contact Details
Sudarshan Pharma Industries Ltd
301,3rd Floor, Aura Biplex,
Above Kalyan Jewellers S. V. Road, Borivali (West)
Mumbai – 400092
Phone: 022- 42221111
Email: compliance@sudarshanpharma.com
Website: http://www.sudarshanpharma.com/
Sudarshan Pharma Industries IPO Registrar Contact Details
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
Sudarshan Pharma Industries IPO FAQ's
The Sudarshan Pharma Industries IPO is an IPO of ₹71 to ₹73 per share with a face value of 10 per equity share.
The issue size is priced at 6,862,400 shares of ₹10 (aggregating up to ₹50.10 Cr).
The fresh issue size priced at 6,862,400 shares of ₹10 (aggregating up to ₹50.10 Cr).
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and SME.
The Sudarshan Pharma Industries IPO begins on Mar 9, 2023 and closes on Mar 14, 2023.
Sudarshan Pharma Industries IPO Market lot size is 1600 Shares.
The finalization of Basis of Allotment for Sudarshan Pharma Industries IPO will be done on March 20, 2023 and the allotted shares will be credited to your demat account by March 21, 2023. Check the Sudarshan Pharma Industries IPO status.
The Sudarshan Pharma Industries IPO listing date is on Mar 22, 2023.
Sudarshan Pharma Industries IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.