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Sudarshan Pharma Industries Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Sudarshan Pharma Industries Ltd IPO

Registered Office: 301 3rd Floor Aura Biplex,SV Road Borivali(West) , Mumbai - 400092 , Maharashtra , India.
Phone : 91-22-42221111   Fax:
Email :  compliance.spil@gmail.com  
Website :  www.sudarshanpharma.com
Public issue of 68,62,400 equity shares of face value of (Rs)10.00 each ("Equity Shares") of Sudarshan Pharma Industries Limited (the "Company" or the "Issuer") for cash at a price of (Rs)73.00 per equity share including a share premium of (Rs)63.00 per equity share (the "Issue Price") aggregating to (Rs)50.10 crores ("The Issue") of which 3,44,000 equity shares aggregating to (Rs)2.51 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 65,18,400 equity shares aggregating to (Rs)47.59 crores (the "Net Issue"). The issue and the net issue will constitute 28.52% and 27.09% respectively of the post issue paid-up equity share capital of the company. Issue Price : (Rs)73 per equity share of face value of (Rs)10 each. Anchor Investor Issue Price : (Rs)73 per equity shares The issue price is 7.3 times of the face value. Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Sudarshan Pharma Industries Ltd IPO

Registered Office: 301 3rd Floor Aura Biplex,SV Road Borivali(West) , Mumbai - 400092 , Maharashtra , India.
Phone : 91-22-42221111   Fax:
Email :  compliance.spil@gmail.com  
Website :  www.sudarshanpharma.com
Public issue of 68,62,400 equity shares of face value of (Rs)10.00 each ("Equity Shares") of Sudarshan Pharma Industries Limited (the "Company" or the "Issuer") for cash at a price of (Rs)73.00 per equity share including a share premium of (Rs)63.00 per equity share (the "Issue Price") aggregating to (Rs)50.10 crores ("The Issue") of which 3,44,000 equity shares aggregating to (Rs)2.51 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 65,18,400 equity shares aggregating to (Rs)47.59 crores (the "Net Issue"). The issue and the net issue will constitute 28.52% and 27.09% respectively of the post issue paid-up equity share capital of the company. Issue Price : (Rs)73 per equity share of face value of (Rs)10 each. Anchor Investor Issue Price : (Rs)73 per equity shares The issue price is 7.3 times of the face value. Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Issue
Opens On
Money Payable OnCloses On
Application
Allotment
09-Mar-23
Money Payable On14-Mar-23
(Rs)73.00-0.00
(Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600
Issue Money Payable On
Opens On Closes On Application Allotment
09-Mar-23 14-Mar-23 (Rs)73.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

 
Project Cost
(Rs Cr)42.20
Lead Managers to the Issue
Gretex Corporate Services Ltd
Project Financed through Current Offer
(Rs Cr)50.10
Lead Managers to the Issue 
Post Issue Equity Share Capital
(Rs Cr)24.07
Lead Managers to the Issue 
Issue Price
(Rs Cr)(Rs)73.00
Lead Managers to the Issue 
  (Rs Cr) Lead Managers to the Issue
Project Cost 42.20
Gretex Corporate Services Ltd
Gretex Corporate Services Ltd
Project Financed through Current Offer 50.10  
Post Issue Equity Share Capital 24.07  
Issue Price (Rs)73.00  
 
Projects
Projects
Working Capital RequirementsGeneral Corporate Purposes
Promoted By
Hemal Vasantrai Mehta  
Sachin Vasantrai Mehta  
Promoted By
Hemal Vasantrai Mehta  
Sachin Vasantrai Mehta  
Listing At
BSE - SME 
Listing At
BSE - SME 
Registrar to the Issue
KFin Techologies Ltd