Sudarshan Pharma Industries IPO

Small CapPharma IndustriesSME

IPO Details

Bidding Dates

09 Mar '23 - 14 Mar '23

Minimum Investment

₹116,800 / 1 Lots ( 1600 Shares )

Price Range

₹71 - ₹73

Maximum Investment

₹116,800 / 1 Lots ( 1600 Shares )

Retail Discount

To be announced

Issue Size

₹50.10 Cr

Investor category and sub category

Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 9, 23

IPO Close Date

Mar 14, 23

IPO Allotment Date

Mar 17, 23

Initiation of Refunds

Mar 20, 23

Credit Of Shares To Demat Account

Mar 21, 23

IPO Listing Date

Mar 22, 23

IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Mar 9 2023	0.00	0.37	0.47	0.40
Day 2Mar 10 2023	0.00	0.38	0.67	0.52
Day 3Mar 13 2023	0.00	0.58	0.88	0.71
Day 4Mar 14 2023	1.01	0.81	1.20	1.06

About Company

The core business of Sudarshan Pharma Industries is to produce specialty chemicals and ingredients for pharma, agrochemicals, coating, paints, adhesives and several other industries.

Incorporated in 2008, SPIL supplies 50-plus pharma formulations under their brand name, including tablets, ointments, and injectables.

SPIL is involved in contract manufacturing, outsourcing and supplying generic pharma formulations and medicines to healthcare institutions, governments, NGOs, and hospitals.

Sudarshan Pharma Industries Ltd. IPO Objective

The IPO funds are primarily required to be spent on meeting working capital requirements and general corporate purposes.

Why should you invest in Sudarshan Pharma Industries Ltd. IPO?

Here are your top three reasons to consider investing in the IPO:

They offer a diverse product portfolio, including specialty chemicals, bulk drugs, API, and pharmaceutical formulations.
Their major international clients come from Taiwan, Oman, Uzbekistan, Bangladesh, UK and others.
The company is expanding with a state-of-the-art manufacturing facility and expansion of distributor networks and logistic facilities in the five Indian states it covers.

Sudarshan Pharma Industries Ltd. Noteworthy highlights

Their portfolio includes 2000 plus products in speciality chemicals, Intermediates for pharma, agrochemicals, paints, adhesives and other industrial chemicals.
The company is exploring new markets with new products in Africa, South-East Asia, and the MENA region.

Sudarshan Pharma Industries Company Financials

Parameters	Period Ending on September 30, 2022 (₹ Lakhs)	Year ending on 31st March, 2022 (₹ Lakhs)
Revenue from operation	19,589.87	35,709.46
Profit After Tax	360.70	530.37
EBITDA	NA	1,143.57
EBITDA Margin	NA	NA
EPS (Basic)	NA	3.43
Period Ended	Year ending on As on 31st March, 2022	Year ending on As on 31st March, 2021
Current Asset	12,958.00	8,764.35
Current Liabilities	10,104.01	7,122.17

Know before investing

Strengths

Experienced promoters with 25 years plus experience in the market.
They have developed the skills and expertise in innovation in producing speciality chemicals, pharma formulations, medicines etc.
They have ultra-modern facilities for all types of manufacturing activities.

Risks

SPIL made a failed attempt to launch an IPO in 2019. It is its second attempt to gain investors’ favour.
The enthusiasm surrounding pharma stocks is fizzing out. In such a case it could be a risk-risk but low-return offer.
There are legal proceedings pending against the company’s promoters and subsidiaries.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Sudarshan Pharma Industries IPO FAQs

What is Sudarshan Pharma Industries Ltd. IPO?

Sudarshan Pharma Industries Ltd. SME IPO will open for subscription on March 9, 2023. The public offer of ₹50.10 crore consists of 6,862,400 equity shares with face value of ₹10.

When will Sudarshan Pharma Industries Ltd. IPO allotment be available?

The basis of allotment date is March 17, 2023.

What will be the Sudarshan Pharma Industries Ltd. IPO lot size?

One lot of Sudarshan Pharma Industries Ltd. IPO has 1600 shares.

When will Sudarshan Pharma Industries Ltd. IPO open for subscription?

The IPO will open on March 09, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Sudarshan Pharma Industries Ltd. list on exchanges?

The listing date of Sudarshan Pharma Industries Limited on BSE SME is March 22, 2023.

How to check the allotment status of Sudarshan Pharma Industries Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app. To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.

What would be the listing gains on the Sudarshan Pharma Industries Ltd. IPO?

Listing gain is the difference between the IPO's opening and offer prices. The listing gain is influenced by changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Sudarshan Pharma Industries Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.