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 Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | NAV | Reserves | Borrowing |
| 31-Mar-21 | 9,926.02 | 19,372.82 | 267.12 | 1.75 | 2,250.74 | 23.63 | 1,296.05 | 2,977.09 |
| 31-Mar-22 | 13,752.18 | 35,755.89 | 530.37 | 3.43 | 2,977.53 | 30.54 | 2,002.63 | 3,059.24 |
| 30-Sep-22 | 16,402.22 | 19,589.87 | 360.70 | 1.46 | 5,108.79 | 32.75 | 3,996.89 | 4,940.50 |
Objective of IPO Issue
- Working Capital Requirements
- General Corporate Purposes.
Sudarshan Pharma IPO Basic Details
| IPO Date | Mar 09, 2023 to Mar 14, 2023 |
| Listing Date | Friday, March 22, 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 |
| QIB Shares Offered | 50% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 35% of the Offer |
| Company Promoters | Mr. 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.
| Event | Date |
| Opening Date | Mar 09, 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 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹116,800 |
| Retail (Max) | 1 | 1600 | ₹116,800 |
| B-HNI (Min) | 2 | 3200 | ₹233,600 |
Sudarshan Pharma IPO Promoter Holding
| Pre Issue Share Holding | 80.28% |
| Post Issue Share Holding | – |
Sudarshan Pharma IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹3.43 per Equity Share |
| Price/Earning P/E Ratio | 36.70 |
| Return on Net Worth (RoNW) | 17.63% |
| Net Asset Value (NAV) | ₹30.54 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 2.21 |
Sudarshan Pharma Industries Ltd Peer comparison
| Company Name | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | P/BV Ratio |
| Sudarshan Pharma Industries Limited | 73 | 10.00 | 3.43 | 36.70 | 17.63% | 2.21 |
| Peer Group | ||||||
| ERIS Lifesciences Limited | 677.55 | 10.00 | 7.03 | 96.38 | 21.75% | 4.21 |
| Sigachi Industries Limited | 288.45 | 10.00 | 4.02 | 71.75 | 16.73% | 3.14 |
| Aarti Drugs Limited | 456.75 | 10.00 | 5.72 | 79.85 | 19.78% | 4.21 |
Sudarshan Pharma IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject 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.
| Category | Subscription |
| QIB | 1.01x |
| NII | 0.81x |
| Retail | 1.20x |
| Total | 1.06x |
Sudarshan Pharma IPO Prospectus
Sudarshan Pharma IPO Rating
| Our Rating | 1.0/5.0 |
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: compliance@sudarshanpharma.com
Tel No: 022- 022- 42221111
Our Promoters: Mr. Hemal Vasantrai Mehta & Mr. Sachin Vasantrai Mehta
Sudarshan Pharma IPO Registrar
KFIN TECHNOLOGIES PRIVATE LIMITED
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: einward.ris@kfintech.com
Investor Grievance Email: spil.ipo@kfintech.com
Contact Person: Mr. M Murali Krishna
Website: www.kfintech.com
SEBI Registration No.: INR000000221
Sudarshan Pharma IPO Lead Manager
GRETEX CORPORATE SERVICES LIMITED
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
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
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.
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