Zenith Drugs Limited IPO Detail
Incorporated in 2000, Zenith Drugs Limited is a pharmaceutical company specialising in manufacturing and trading high-quality, affordable medicines, including generic drugs.
The company adheres to WHO-GMP guidelines and has received the ISO 9001:2015 certification from a respected EuroUK certification body, demonstrating its commitment to quality.
The product portfolio of the company includes
- ORS Powder;
- Liquid Orals;
- Ointments;
- Liquid Externals; and
- Capsules
The Food & Drugs Administration has approved over 600 products, of which 325 are currently in production.
The company is in the process of setting up a new manufacturing facility in Village Muradpura, Depalpur, Indore, Madhya Pradesh.
The company supplies its products to countries such as Costa Rica in Central America and the Caribbean and Pacific regions, Malawi, Mauritius, Mozambique, Sudan, Tanzania, Bhutan , Cambodia in Southeast Asia, Tajikistan, Liberia, Sierra Leone, and Conakry.
Zenith Drugs Limited specializes in third-party manufacturing, also known as white label manufacturing, for esteemed pharmaceutical companies such as Ajanta Pharma, Bio Medical Laboratories, and Zest Pharma, among others.
There are currently 89 employees as of March 31, 2023 - 61 on payroll and 28 on contract.
Company Promoters
Mr. Sandeep Bhardwaj, Mr. Bhupesh Soni and Mr. Ajay Singh DassundiIPO Details
IPO Opening Date | Feb 19, 2024 |
IPO Closing Date | Feb 22, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹75 - 79 per equity share |
Market Lot | 1600 Shares |
Min Order Quantity | 1600 Shares |
Listing At | NSE SME |
Issue Size | ₹40.68 Cr |
Fresh Issue | ₹40.68 Cr |
Offer for Sale | - |
Retail Portion | - |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0.00x | 0.00x | 0.00x | 0.99x | 3.42x | 1.92x |
Day 2 | 3.53x | 0.00x | 0.00x | 2.50x | 9.41x | 6.25x |
Day 3 | 3.54x | 0.00x | 0.00x | 7.98x | 19.42x | 12.43x |
Day 4 | 106.72x | 0.00x | 0.00x | 368.77x | 139.28x | 179.18x |
IPO Tentative Timetable
The Zenith Drugs Limited IPO open date is Feb 19, 2024, and the close date is Feb 22, 2024. The issue may list on Feb 27, 2024.
IPO Open Date | Feb 19, 2024 |
IPO Close Date | Feb 22, 2024 |
Basis of Allotment Date | Feb 23, 2024 |
Initiation of Refunds | Feb 26, 2024 |
Credit of Shares to Demat Account | Feb 26, 2024 |
IPO Listing Date | Feb 27, 2024 |
IPO Lot Size
The Zenith Drugs Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹126400).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1600 | ₹126400 |
Maximum | 1 | 1600 | ₹126400 |
IPO Promoter Holding
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 69.98% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-22 | 6858.47 | 9266.63 | 312.86 |
31-Mar-23 | 9793.83 | 11569.65 | 515.29 |
30-Sep-22 | 11249.04 | 6948.43 | 539.38 |
Objects of the Issue:
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects
- Purchase of Machinery & Equipments for Setting up New Unit
- Existing Manufacturing Block Upgradation
- Working Capital Requirements
- General Corporate Purposes.
Zenith Drugs Limited IPO Registrar:
Bigshare Services Pvt Ltd
Zenith Drugs Limited IPO Lead Manager(s):
Gretex Corporate Services Limited
Company Contact Information:
Zenith Drugs Limited
K. No. 72 / 5, Village Muradpura
NA Depalpur,
Indore-453001