Sudarshan Pharma Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,302,400 (19%) | — | ₹951 Cr |
| NII (HNI) | — | 1,564,800 (23%) | — | ₹1,142 Cr |
| Retail | — | 3,651,200 (53%) | — | ₹2,665 Cr |
| Market Maker | — | 344,000 (5%) | — | ₹25 Cr |
| Σ Total | — | 6,862,400 (100%) | — | ₹50,096 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹116,800 |
| Retail (Max) | 13 | 20,800 | ₹1,518,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,635,200 |
| B-HNI (Min) | 67 | 107,200 | ₹7,825,600 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 19,590 | 35,756 | 19,373 |
| Profit After Tax | 361 | 530 | 267 |
| Net Worth | 5,109 | 2,978 | 2,251 |
| Total Assets | 16,402 | 13,752 | 9,926 |
| Reserves & Surplus | 3,997 | 2,003 | 1,296 |
| Total Borrowing | 4,941 | 3,059 | 2,977 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To set up a dedicated manufacturing facility for Pharmaceutical Business – 12.50
- Distribution and Warehousing Centre‘s & Purchase of Corporate Office – 4.50
- Additional Working Capital – 5.25
- General Corporate Expenses – 2.80
Company Overview
Incorporated in 2008, Mumbai based Sudarshan Pharma Industries Limited (SPIL) has a contract manufacturing facility to source and supply generic formulations. It is also engaged in import & export activities, and supply of specialty chemicals, API (Active Pharmaceutical Ingredients), and Intermediates. Based on clients' specifications and requirements, they outsource the manufacturing facility from the suppliers in India and abroad.
The generic products supplied by the company have a wide application in paint, food, pharma, and adhesive industry. The company is involved in a contract manufacturing facility, supply and outsource of medicines and pharma formulation to hospitals, NGO, government and healthcare institutes. SPIL has 50 pharma formulations which are supplied under the brand name in the form of tablets, ointment, capsules, and injectable.
The company has its own sales force and distribution network in 5 states for ethical marketing of pharmaceutical formulation & products under the brand name in Indian and international markets. It also offers formulation development and QC services and provides customised solutions.
The competitive strengths of the company are:
1. Customer-centric and order-driven business model
2. Wide range of product offerings
3. Contract manufacturing facility arrangements
4. Strong distribution, marketing, and sales network
5. Diversified business operations