Sotac Pharmaceuticals Limited IPO Detail
Incorporated in 2015, Sotac Pharmaceuticals Limited is a part of the SOTAC group, based in Gujarat. The company is in the business of manufacturing pharmaceutical products for different marketers on a loan license or contract manufacturing basis. The company's business is majorly on principle to principle basis with different marketers.
SOTAC is serving over 162 corporate clients on a loan license and/or contract manufacturing basis. With their vast experience in the pharmaceutical segment, the company is growing and enlarging its scale of operations every year.
Sotac Pharmaceuticals established its manufacturing facility in the year 2017. In the year, the company's manufacturing facility was installed with the capacity to manufacture 90 Crore tables/year, and 14 Crore Capsules/year.
With a combined experience of over 59 years in the pharmaceutical manufacturing Industry of the Promoters, the company is blooming and expanding in various horizons.
Company Promoters
Sharad Kumar Patel, Vishal Patel, Chetan PatelIPO Details
| IPO Opening Date | Mar 29, 2023 |
| IPO Closing Date | Apr 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹105 - 111 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹33.30 Cr |
| Fresh Issue | ₹33.30 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.04x | 0.01x |
IPO Tentative Timetable
The Sotac Pharmaceuticals Limited IPO open date is Mar 29, 2023, and the close date is Apr 03, 2023. The issue may list on Apr 13, 2023.
| IPO Open Date | Mar 29, 2023 |
| IPO Close Date | Apr 03, 2023 |
| Basis of Allotment Date | Apr 10, 2023 |
| Initiation of Refunds | Apr 11, 2023 |
| Credit of Shares to Demat Account | Apr 12, 2023 |
| IPO Listing Date | Apr 13, 2023 |
IPO Lot Size
The Sotac Pharmaceuticals Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹133200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹133200 |
| Maximum | 1 | 1200 | ₹133200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 3,038.21 | 2,882.64 | 8.75 |
| 31-Mar-21 | 3,469.75 | 4,894.97 | -236.54 |
| 31-Mar-22 | 3,525.35 | 7,337.02 | 287.86 |
| 30-Sep-22 | 6,461.60 | 3,994.65 | 46.55 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- Investment in Subsidiary
- Upgradation / Construction of Existing /New Building in the Existing Premises
- General Corporate Purpose
- To meet Public Issue Expenses
Sotac Pharmaceuticals Limited IPO Registrar:
KFin Technologies Limited
Sotac Pharmaceuticals Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Sotac Pharmaceuticals Limited
Plot No. PF-21, Nr. ACME Pharma,
Opp. Teva Pharma Sanand GIDC-II,
Sanand Ahmedabad - 382110
