Founded in 2019, Saroja Pharma Industries India Limited specializes in the trade, export, and distribution of Specialty Chemicals and Active Pharmaceutical Ingredients (API).
Operating within three distinct product categories – Chemicals, Pharma Intermediaries, and Veterinary Pharma API – the company offers a diverse selection of products. Notable examples include Liquid Bromine, pivotal as an agro-intermediate, Ethyl Acetate, employed as an API solvent, and various pharmaceuticals catering to both human and veterinary drug applications, with some serving as API solvents.
APIs, often referred to as bulk drugs or bulk actives, constitute the fundamental components utilized in formulating finalized dosages encompassing capsules, tablets, liquids, and other dosing formats, sometimes in combination with other APIs or inert ingredients.
The company’s product exports primarily extend to regions such as Pakistan, Egypt, Russia, Jordan, Hong Kong, and Singapore.
Distinct Competitive Advantages:
- Seasoned Promoters and Proficient Management Team
- Scalable and Adaptive Business Model
- Extensive Assortment of Product Offerings
- Well-Diversified Business Operations and Revenue Streams
Saroja Pharma Industries IPO Details #
Saroja Pharma Industries IPO is a Fixed Price Issue. The IPO total issue size is Rs 9.11 Cr. The Saroja Pharma Industries IPO price is ₹84 per share. The IPO will list on NSE SME.
IPO Date | August 31, 2023 to September 5, 2023 |
Listing Date | September 13, 2023 |
Face Value | ₹10 per share |
Price | ₹84 per share |
Lot Size | 1600 Shares |
Total Issue Size | 1,084,800 shares (aggregating up to ₹9.11 Cr) |
Fresh Issue | 1,084,800 shares (aggregating up to ₹9.11 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 2,935,686 |
Share holding post issue | 4,020,486 |
Market Maker portion | 54,400 shares Swastika Investmart |
Saroja Pharma Industries IPO Reservation #
Saroja Pharma Industries IPO a total of 1,084,800 shares are offered. RII: 515,200 (47.49%), NII: 515,200 (47.49%).
Anchor Investor Shares Offered | – |
Market Maker Shares Offered | 54,400 (5.01%) |
Other Shares Offered | 515,200 (47.49%) |
Retail Shares Offered | 515,200 (47.49%) |
Total Shares Offered | 1,084,800 (100%) |
Saroja Pharma Industries IPO Timetable (Tentative) #
Saroja Pharma Industries IPO opens on August 31, 2023, and closes on September 5, 2023.
IPO Open Date | Thursday, August 31, 2023 |
IPO Close Date | Tuesday, September 5, 2023 |
Basis of Allotment | Friday, September 8, 2023 |
Initiation of Refunds | Monday, September 11, 2023 |
Credit of Shares to Demat | Tuesday, September 12, 2023 |
Listing Date | Wednesday, September 13, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on September 5, 2023 |
Saroja Pharma Industries IPO Lot Size #
The minimum lot size of this Saroja Pharma Industries IPO is 1600 shares required is ₹134,400.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹134,400 |
Retail (Max) | 1 | 1600 | ₹134,400 |
HNI (Min) | 2 | 3,200 | ₹268,800 |
Lot Size Calculator |
Saroja Pharma Industries IPO Promoter Holding #
Mr. Biju Gopinathan Nair and Mr. Manish Dasharath Kamble are the company promoters.
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 73.02% |
Company Financials #
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
Assets | 822.39 | 1,551.19 | 2,133.99 |
Revenue | 3,674.67 | 5,595.67 | 5,035.09 |
Profit After Tax | 73.13 | 114.01 | 106.06 |
Net Worth | 93.59 | 402.60 | 508.66 |
Reserves and Surplus | 92.59 | 380.02 | 215.09 |
Total Borrowing | 301.77 | 613.88 | 1,018.86 |
Key Performance Indicator #
Saroja Pharma Industries IPO Market Cap is Rs 33.77 Cr and P/E (x) is 23.27.
KPI | Values |
---|---|
P/E (x) | 23.27 |
Market Cap (₹ Cr.) | 33.77 |
ROE | 0.15% |
ROCE | 0.25% |
Debt/Equity | 2 |
EPS (Rs) | 3.61 |
RoNW | 20.85% |
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Set-up a Manufacturing Unit.
2. To Repay the Unsecured Loans.
3. Public Issue Expenses.
Saroja Pharma Industries IPO Prospectus #
Company Contact Information #
305, Kailash Tower, Shiv Shristi Complex,
Goregaon Link Road, Mulund West,
Mumbai (MH) – 400080
Phone: +91 (022) 2081 0011
Email: info@sarojapharma.com
Website: https://www.sarojapharma.com/
Saroja Pharma Industries IPO Registrar #
Phone: 04067162222, 04079611000
Email: spiil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Saroja Pharma Industries IndiaSaroja Pharma Industries IPO Lead Manager(s) #
FAQs #
What is the total issue size of Saroja Pharma Industries IPO? #
The total issue size of Saroja Pharma Industries IPO is ₹9.11 Crores.
What is the IPO price for Saroja Pharma Industries shares? #
The IPO price for Saroja Pharma Industries shares is ₹84 per share.
What is the minimum lot size for Saroja Pharma Industries IPO? #
The minimum lot size for Saroja Pharma Industries IPO is 1600 shares, requiring an investment of ₹134,400.
When does Saroja Pharma Industries IPO open and close? #
Saroja Pharma Industries IPO opens on August 31, 2023, and closes on September 5, 2023.
Who are the promoters of Saroja Pharma Industries India Limited? #
Mr. Biju Gopinathan Nair and Mr. Manish Dasharath Kamble are the company promoters.
What are the key financial indicators of Saroja Pharma Industries as of March 31, 2023? #
P/E (x): 23.27
EPS (Rs): 3.61
Return on Net Worth (RoNW): 20.85%
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.