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Open
31 Aug to 5 Sep, 2023
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Close
31 Aug to 5 Sep, 2023
3
Allotment
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Listing
Wed, Sep 13, 2023
Price Band
₹84 per share
Issue Size
10,84,800 shares (agg. up to ₹9 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Sep 13, 2023
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
13-09-2023₹0Est. ₹84+0%
12-09-2023₹0Est. ₹84+0%
11-09-2023₹0Est. ₹84+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.47x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 21.34 | 15.51 | 8.22 |
| Total Income | 50.35 | 55.96 | 36.75 |
| Profit After Tax | 1.06 | 1.14 | 0.73 |
| NET Worth | 5.09 | 4.03 | 0.94 |
| Reserves and Surplus | 2.15 | 3.80 | 0.93 |
| Total Borrowing | 10.19 | 6.14 | 3.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sudarshan Pharma Industries Ltd. | SME | ₹50.10 Cr | ₹73 | 24.33 | ₹69.35 | -5.00% | ₹40.31 (-3.15%) |
| Rite Zone Chemcon India Ltd. | SME | ₹8.96 Cr | ₹75 | 90.36 | ₹86.95 | +15.93% | ₹22.65 (-4.83%) |
| Vital Chemtech Ltd. | SME | ₹64.64 Cr | ₹101 | 14.94 | ₹163.10 | +61.49% | ₹51.80 (-1.99%) |
| Archean Chemical Industries Ltd. | Mainboard | ₹1,462.30 Cr | ₹407 | 16.78 | ₹458.15 | +12.57% | ₹549.15 (+1.22%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Set-up a Manufacturing Unit | 7.05 |
| 2 | To Repay the Unsecured Loans | 1.75 |
About Saroja Pharma IPO
Incorporated in 2019, Saroja Pharma Industries India Limited is engaged in trading, exporting and supplying Specialty Chemicals & API. The company deals in three types of product categories: 1. Chemical, 2. Pharma Intermediary and 3. Veterinary Pharma API. The company supplies products such as Liquide Bromine, which is used as an agro-intermediate, Ethyl Acetate, which is used as an API solvent, and other pharmaceuticals used for human and veterinary drugs, and some of them are API solvents. APIs, known as bulk drugs or bulk actives, are the principal ingredients used in making finished dosages in the form of capsules, tablets, liquid or other forms of dosage, with the addition of other APIs or inactive ingredients. The company exports products mainly in Pakistan, Egypt, Russia, Jordan, Hong Kong, Singapore etc. Competitive Strength: Experienced Promoters and Management Team Scalable Business Model Wide and diverse range of product offerings Diversified business operations and revenue base + Read More
Contact Details
Saroja Pharma Industries India Ltd. Address305, Kailash Tower, Shiv Shristi ComplexGoregaon Link RoadMulund WestMumbai, Maharashtra, 400080+91 (022) 2081 0011info@sarojapharma.comVisit Website