Sudarshan Pharma IPO GMP | Details, Date, Price, Review

Sudarshan Pharma IPO GMP, Sudarshan Pharma IPO Details, Sudarshan Pharma IPO Date, Sudarshan Pharma IPO Price, Sudarshan Pharma IPO Review, Sudarshan Pharma IPO Details

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Sudarshan Pharma Industries IPO Details ( Sudarshan Pharma IPO Review )

(09 Mar 2023 – 14 Mar 2023)

Sudarshan Pharma Industries Limited (SPIL), a Mumbai-based company, was established in 2008 to source and provide generic formulations through its contract manufacturing facility. In addition to this, the company is involved in the import and export of specialty chemicals, Active Pharmaceutical Ingredients (APIs), and intermediates. SPIL outsources the manufacturing facility from domestic and foreign suppliers to meet the specific needs and requirements of its clients.

SPIL supplies generic products that have a broad range of applications in industries such as paint, food, pharmaceuticals, and adhesives. The company is primarily engaged in a contract manufacturing facility, as well as supplying and outsourcing medicines and pharmaceutical formulations to hospitals, NGOs, government organizations, and healthcare institutes. SPIL offers 50 pharma formulations in the form of tablets, ointments, capsules, and injectables, which are sold under its brand name.

SPIL operates with its sales force and distribution network across 5 states to ensure ethical marketing of pharmaceutical formulations and products under its brand name in both Indian and international markets. In addition to this, the company also provides formulation development and quality control (QC) services, as well as customized solutions to meet the unique needs of its clients.

Sudarshan Pharma Company Product:

  • Pharmaceuticals, Finished Formulations, Key Starting Materials for API
  • Bulk Drugs and Intermediates
  • Paints, Coatings, Corrosive, Inhibitors & Inks
  • Food, Fragrance & Perfumes
  • Pesticides and Agro Chemicals
  • Fiber, PVC and Adhesives
  • Cosmetic and Detergents

Sudarshan Pharma IPO Competitive Strength

  • Experienced Promoters and Management Team
  • Scalable Business Model
  • Wide and diverse range of product offerings
  • Strategic Location of Manufacturing Units
  • Diversified business operations and revenue base
  • Strong sales, marketing, and distribution capabilities

Sudarshan Pharma IPO Financials Performance ( Results )

Sudarshan Pharma Industries Limited Financial Information ( Restated Consolidated )

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPSNet WorthNAVReservesBorrowing

Objective of IPO Issue

  • Working Capital Requirements
  • General Corporate Purposes.

Sudarshan Pharma IPO Basic Details

IPO DateMar 09, 2023 to Mar 14, 2023
Listing DateFriday, March 22, 2023
Face Value₹10 per share
Price₹71 to ₹73 per share
Lot Size1600 Shares
Issue Size6,862,400 shares of ₹10
(aggregating up to ₹50.10 Cr)
Fresh Issue6,862,400 shares of ₹10
(aggregating up to ₹50.10 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
QIB Shares Offered50% of the Offer
NII (HNI) Shares Offered15% of the Offer
Retail Shares Offered35% of the Offer
Company PromotersMr. Hemal Vasantrai Mehta and
Mr. Sachin Vasantrai Mehta are
the Promoters of the company.

Sudarshan Pharma IPO Timetable

Sudarshan Pharma IPO will open on Mar 09, 2023 and close on Mar 14, 2023. You can join Sudarshan Pharma IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening DateMar 09, 2023
Closing DateMar 14, 2023
Basis of AllotmentMar 17, 2023
Initiation of RefundsMar 20, 2023
Credit of Shares to DematMar 21, 2023
Listing DateMar 22, 2023

Sudarshan Pharma IPO Lot Size

For retail investors in Sudarshan Pharma IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹116,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹116,800.

Retail (Min)11600₹116,800
Retail (Max)11600₹116,800
B-HNI (Min)23200₹233,600

Sudarshan Pharma IPO Promoter Holding

Pre Issue Share Holding80.28%
Post Issue Share Holding

Sudarshan Pharma IPO Valuation – FY2022

Earning Per Share (EPS)₹3.43 per Equity Share
Price/Earning P/E Ratio36.70
Return on Net Worth (RoNW)17.63%
Net Asset Value (NAV)₹30.54 per Equity Share
Upper Price/Book Value (Price/BV) Ratio2.21

Sudarshan Pharma Industries Ltd Peer comparison

Company NameCPM
Sudarshan Pharma Industries
Peer Group
ERIS Lifesciences Limited677.5510.007.0396.3821.75%4.21
Sigachi Industries Limited288.4510.004.0271.7516.73%3.14
Aarti Drugs Limited456.7510.005.7279.8519.78%4.21

Sudarshan Pharma IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
16 March 2023₹5
15 March 2023₹6
14 March 2023₹8
13 March 2023₹9
12 March 2023₹4
11 March 2023₹7
10 March 2023₹8
09 March 2023₹6
08 March 2023₹7
07 March 2023₹0
06 March 2023₹0
05 March 2023₹0

Sudarshan Pharma IPO Detail Video:

Sudarshan Pharma IPO Subscription Status (Bidding Detail)

The Sudarshan Pharma IPO on Mar 14, 2023 at 7:02:00 PM was subscribed 1.06 times, with the retail category being subscribed 1.20 times, the NII (Non-Institutional Investor) category being subscribed 0.81 times and the QIB (Qualified-Institutional Buyers) category being subscribed 1.01 times.


Sudarshan Pharma IPO Prospectus

Sudarshan Pharma IPO DRHPDownload
Sudarshan Pharma IPO RHPDownload

Sudarshan Pharma IPO Rating

Our Rating1.0/5.0

Sudarshan Pharma Compnay Contact Information

Sudarshan Pharma Industries Limited

Registered Office: 301,3rd Floor, Aura Biplex, Above Kalyan Jewellers S. V. Road,
Borivali (West) Mumbai City Maharashtra 400092 India.
Contact Person: Mr. Hemal Vasantrai Mehta, Managing Director
Email Id:
Tel No: 022- 022- 42221111
Our Promoters: Mr. Hemal Vasantrai Mehta & Mr. Sachin Vasantrai Mehta

Sudarshan Pharma IPO Registrar


Registered Office: Selenium Tower B, Plot 31-32, Gachibowli, Financial District,
Nanakramguda, Hyderabad 500032, Telangana, India.
Tel. No.: +91 40 6716 2222
Fax No.: +91 40 2343 1551
Email ID:
Investor Grievance Email:
Contact Person: Mr. M Murali Krishna
SEBI Registration No.: INR000000221

Sudarshan Pharma IPO Lead Manager


Registered Office: Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India.
Tel No.: +91 22 4002 5273 / 96532 49863
Contact Person: Ms. Dimple Magharam Slun
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128

Sudarshan Pharma IPO FAQs

What is the lot size of Sudarshan Pharma IPO?

The total size of Sudarshan Pharma IPO is ₹50.10 crores and this is a complete fresh Issue.

When will Sudarshan Pharma IPO start?

Sudarshan Pharma IPO will Open from 09 March 2023 and IPO will Close on 14 March 2023.

What is the open date of Sudarshan Pharma IPO?

Sudarshan Pharma IPO will start from 09 March 2023.

What is the last date ( close date ) of Sudarshan Pharma IPO?

Sudarshan Pharma IPO will close from 14 March 2023.

What is the price band of Sudarshan Pharma IPO?

Sudarshan Pharma IPO price band is ₹71 to ₹73. ( Upper Price Band: ₹73, Lower Price Band: ₹71 )

What is the minimum amount required to apply for Sudarshan Pharma IPO?

The minimum investment for retailers to apply for Sudarshan Pharma IPO is ₹116,800 and the maximum investment is ₹116,800.

What is going on gray market premium of Sudarshan Pharma IPO?

View gray market premium of Sudarshan Pharma IPO by Clicking Here

How much is the GMP of Sudarshan Pharma IPO?

Watch Sudarshan Pharma IPO GMP Today: Click Here

What is the allotment date of Sudarshan Pharma IPO?

The allotment date of Sudarshan Pharma IPO is 17 March 2023.

How to check allotment status in Sudarshan Pharma IPO?

To check the allotment status of Sudarshan Pharma IPO, first of all go to the registrar website by clicking here, select your bad Sudarshan Pharma IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Sudarshan Pharma IPO?

The listing date of Sudarshan Pharma IPO is 22 March 2023.

How much will be the listing gain in Sudarshan Pharma IPO?

View listing gain of Sudarshan Pharma IPO by Clicking Here

How much time Sudarshan Pharma IPO is subscribed?

Total 1.06 times subscribed in Sudarshan Pharma IPO out of which 1.20 times subscription was done in retail quota, 1.01 times subscription in QIB quota and 0.81 times subscription in NII quota.

How to apply for Sudarshan Pharma IPO from Upstox?

Click Here to see how to apply for Sudarshan Pharma IPO from Upstox. (step by step)

How to apply for Sudarshan Pharma IPO from Zerodha?

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How to apply for Sudarshan Pharma IPO from Angle One?

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