IPO Details

Bidding Dates

29 Sep '25 - 01 Oct '25

Minimum Investment

₹2,80,000/ 2 Lots (8000 Shares)

Price Range

₹35

Maximum Investment

₹2,80,000/ 2 Lots (8000 Shares)

Retail Discount

To be announced

Issue Size

₹19.25 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)   |  

Vijaypd Ceutical IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 29, 25

IPO Closing Date

Oct 01, 25

Basis of Allotment

Oct 03, 25

Initiation of Refunds

Oct 06, 25

IPO Listing Date

Oct 07, 25

About Vijaypd Ceutical

Vijaypd Ceutical IPO is a fixed price issue of ₹19.25 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹19.25 crore.

The IPO opens for subscription on September 29, 2025, to October 1, 2025.

The basis of allotment is expected to be finalised on October 3, 2025. The shares are proposed to be listed on the NSE SME, with a tentative listing date of October 7, 2025. The issue price for Vijaypd Ceutical IPO has been fixed at ₹35 per share.

The lot size is set at 4000 shares. A retail investor is required to make a minimum investment of ₹2,80,000 for 8000 shares. For High Net-worth Individuals (HNIs), the minimum application is for 3 lots or 12,000 shares, amounting to ₹4,20,000.

Smart Horizon Capital Advisors Pvt Ltd is the book running lead manager and Kfin Technologies Ltd is the registrar of the issue. The market maker of the company is Shreni Shares Ltd. Refer to Vijaypd Ceutical IPO RHP for complete details.

Vijaypd Ceutical IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Upto ₹1,082.83 lakh will be earmarked for funding capital expenditure requirements of the company towards the construction of Pharmaceutical API/Intermediates and Chemicals manufacturing plant and purchase of new machineries in MIDC – Shrirampur, Ahmednagar, Maharashtra.
  2. Upto ₹510.00 lakh will be allocated for repayment/prepayment of all or certain borrowings availed by the company.
  3. Upto ₹74.17 lakh will be utilised for general corporate purposes.

About Vijaypd Ceutical Limited

Vijaypd Ceutical Limited is engaged in the business of distribution and supply within the pharmaceutical and consumer goods sectors, offering a comprehensive range of services. The company operates as a representative, dealer, agent, stockist, supplier, trader, and packer. Its product portfolio serves both the pharmaceutical and wellness industries, as well as the fast-moving consumer goods (FMCG) market.

The company’s pharmaceutical and wellness products include medicines such as injections, tablets, capsules, ointments, suppositories, ophthalmic preparations, and liquid oral formulations. Additionally, Vijaypd Ceutical supplies vitamins, hormones, enzymes, wellness tonics, serums, and diagnostic test kits. In the FMCG segment, the company provides personal care and toiletry products, including soaps, sanitizers, and baby care items, along with ayurvedic products, cosmetics, food products, dental products, and crude drugs.

A pharmaceutical supply chain involves multiple stages, from manufacturing to distribution and the delivery of medicines and vaccines to end consumers. This process includes drug distribution, inventory management, pharmaceutical logistics, and overall supply chain management, with participation from manufacturers, suppliers, distributors, logistics partners, shippers, and pharmaceutical retailers.

As a distributor of pharmaceutical products, Vijaypd Ceutical Limited leverages advanced technology to deliver comprehensive healthcare solutions to pharmacies, nursing homes, and clinics across Western Suburban Mumbai, South Mumbai, Ratnagiri, Aurangabad, and Akola. The company operates three distribution warehouses in Mumbai, ensuring timely and efficient deliveries.

As of March 31, 2025, Vijaypd Ceutical’s customer base comprises over 2,109 pharmacies, clinics, and nursing homes across four districts, covering 20 locations. Its distribution network is supported by relationships with more than 170 healthcare product manufacturers, providing access to a diverse range of over 19,000 stock-keeping units (SKUs). This extensive portfolio enables the company to meet the evolving needs of its customers while maintaining high standards of quality and reliability in pharmaceutical supply.

Industry Outlook

  1. India’s dominance in the global generic formulation space is expected to continue, supported by timely launches of generic drugs in markets like the US and increasing acceptance of generics in developed countries.
  2. Exports remain a key growth engine, particularly to the US market, while domestic demand is bolstered by an aging population and rising incidence of lifestyle diseases, supporting revenue growth.
  3. After a temporary slowdown due to the COVID-19 pandemic, the Indian pharmaceutical industry is expected to achieve a CAGR of 10% from FY 2024-30, with the annual revenue turnover projected to reach INR 7,300 billion by FY 2030.

How To Apply for the Vijaypd Ceutical IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Vijaypd Ceutical IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Vijaypd Ceutical IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Vijaypd Ceutical Limited

Registered office: A/1, 1st Floor, Devraj Premises CHSL, Goregaon West, Mumbai, Maharashtra, 400062
Phone: +91 9820917040
Email: investors@vijaypdceutical.com 

Vijaypd Ceutical IPO Reservation

Investor Category

Shares Offered

Market Maker Shares Offered

2,84,000 (5.16%)

NII (HNI) Shares Offered

26,08,000 (47.42%)

Retail Shares Offered

26,08,000 (47.42%)

Total Shares Offered

55,00,000 (100.00%)

Vijaypd Ceutical IPO Lot Size Details

Application

Lots

Shares

Amount

Individual investors (Retail) (Min)

2

8,000

₹2,80,000

Individual investors (Retail) (Max)

2

8,000

₹2,80,000

HNI (Min)

3

12,000

₹4,20,000

Vijaypd Ceutical IPO Promoter Holding

Samit Madhukar Shah, Bhavin Dhirendra Shah, Rahul Dhirendra Shah, Narendra Nagindas Shah, Dina Madhukar Shah and Hemanti Jitendra Shah are the promoters of the company

Share Holding Pre-Issue

78.30%

Share Holding Post Issue&nbsp

56.25%

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Vijaypd Ceutical IPO

KPI

Value

RoCE (%)

17.30

Debt/Equity&nbsp

0.68

RoNW (%)

14.91

PAT Margin (%)

4.49

EBITDA Margin (%)

8.04

Vijaypd Ceutical IPO Prospectus

Vijaypd Ceutical IPO Registrar and Lead Managers

Vijaypd Ceutical IPO Lead Managers

  • Smart Horizon Capital Advisors Pvt Ltd

Registrar for Vijaypd Ceutical IPO

Kfin Technologies Ltd

  • Phone: 04067162222, 04079611000
  • Email: ipo@kfintech.com
  • Website: https://ipostatus.kfintech.com/

Financial Performance of Vijaypd Ceutical Limited

Particulars As of March 31, 2025 As of March 31, 2024 As of March 31, 2023
Revenue from Operations (₹ lakh) 10,681.01 5,432.81 4,876.88
EBITDA (₹ lakh) 859.12 486.99 131.66
Net Profit / Loss After Tax (₹ lakh) 479.55 165.02 18.16
Current Ratio (times) 1.90 0.95 0.57

Know before investing

Strengths

5

  1. Strategic location in Western Mumbai Suburban enables quick distribution and strong client relationships with pharmacies, clinics, and nursing homes.

  2. Diverse product portfolio covering pharmaceuticals, wellness, OTC, baby care, and specialty medicines caters to broad healthcare needs.

  3. Experienced management and promoters with over six decades of industry knowledge drive business growth and execution.

  4. Streamlined supply chain ensures reduced lead times, lower inventory costs, and timely delivery, enhancing competitive advantage.

  5. Plans to enter manufacturing of APIs and excipients offer revenue diversification and vertical integration opportunities.

Risks

5

  1. Expansion into API manufacturing may expose the company to operational, financial, and regulatory risks affecting growth and cash flows.

  2. Distribution of expired, defective, or counterfeit products could lead to losses, reputational damage, and product liability claims.

  3. Heavy reliance on customers and suppliers in Maharashtra makes the company vulnerable to regional disruptions.

  4. Dependence on pharmaceutical industry demand exposes the business to sector downturns or sales fluctuations.

  5. Inorganic growth through acquisitions carries risks of integration challenges and failure to realize expected benefits.

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Vijaypd Ceutical Limited Peer Comparison

Company Basic EPS (₹) P/E Ratio Return on Net Worth (%)
Vijaypd Ceutical Limited 3.84 9.11 14.91
MedPlus Health Services Limited 3.37 249.42 3.32
Entero Healthcare Solutions Limited 4.41 256.17 1.17

Vijaypd Ceutical IPO FAQs

What is the Vijaypd Ceutical IPO? 

Vijaypd Ceutical IPO is a fixed price issue IPO. It runs from September 29, 2025, to October 1, 2025. 

When will the Vijaypd Ceutical IPO be allotted? 

The Basis of Allotment will happen on Friday, October 3, 2025.  

When will the Vijaypd Ceutical IPO open for subscription? 

The IPO subscription window will open on September 29, 2025. 

What minimum lot size can retail investors subscribe to? 

The minimum lot size retail investors can subscribe to is 2 lots, and the lot size is 8000 shares. 

When will the Vijaypd Ceutical IPO list on exchanges? 

The listing date for Vijaypd Ceutical IPO is Tuesday, October 7, 2025. 

What is the issue size of the Vijaypd Ceutical IPO? 

The issue size of the Vijaypd Ceutical IPO is ₹19.25 crore. 

What are the open and close dates of the Vijaypd Ceutical IPO? 

The open and close dates for Vijaypd Ceutical IPO are from September 29, 2025, to October 1, 2025. 

What would be the listing gains on the Vijaypd Ceutical IPO? 

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

What is 'pre-apply' for the Vijaypd Ceutical IPO? 

Pre-apply allows investors to apply for the Vijaypd Ceutical IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Vijaypd Ceutical IPO, when will my order get placed? 

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Vijaypd Ceutical IPO order is placed? 

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Vijaypd Ceutical IPO? 

Kfin Technologies Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Vijaypd Ceutical IPO getting listed?

The Vijaypd Ceutical IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).