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Zenith Drugs Ltd IPO

NSE SME Bookbuilding IPO Fresh Capital Closed
GMP +₹0 +0% Est. Listing ₹79
Issue Price
₹79
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹79
GMP based
Lot Size
1,600
shares / lot
Min Amount
₹126,400
1 lot · 1,600 shares
Opens
TBA
Closed
Allotment
Important Dates
1/1 completed
Open
Close
Allotment
Refund
Demat
Listing
TBA
Open Date
TBA
TBA
TBA
Close Date
TBA
TBA
TBA
Allotment
TBA
TBA
TBA
Refund
TBA
TBA
TBA
Demat Credit
TBA
TBA
Done
Listing Date
27 Feb 2024
Tue Completed
Issue Details
Pricing & Size
Issue Price
₹79 Face ₹10
Lot Size
1,600 shares
Min Investment
₹126,400
Total Issue Size
51,48,800 shares (aggregating up to ₹40.68 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
8,52,800 (16.56%)
QIB Portion
21,47,200 (41.70%)
NII / HNI
6,44,800 (12.52%)
Retail
15,04,000 (29.21%)
Employee
-
Net Offer to Public
42,96,000 shares (aggregating up to ₹33.94 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,20,00,000 shares
Post-Issue Shareholding
1,71,48,800 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 1,600 ₹1,26,400
HNI / NII 2 3,200 ₹2,52,800
Objects of Issue
4 objectives
1
Purchase of Machinery & Equipments for Setting up New Unit
2
Existing Manufacturing Block Upgradation
3
Working Capital Requirements
4
General Corporate Purposes.
Lead Managers & Market Maker
Book Running Lead Managers
Gretex Corporate Services Ltd
Market Maker
Gretex Share Broking Pvt.Ltd.
IPO Timeline
Open
TBA
Close
TBA
Allotment
TBA
Listing
27 Feb
✓ Done
Registrar Details
Bigshare Services Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-6263 8200
Email
ipo@bigshareonline.com
Company Contact
Email
info@zenithdrugs.com
Phone
+91 8435501867
Address
K. No. 72 / 5, Village Muradpura NA Depalpur, Indore, Madhya Pradesh, 453001
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹79
Est. Listing
₹79
Lot Size
1,600 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
GMP Updates
No GMP updates recorded yet. Every time the GMP changes, the date and time are saved here automatically.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB — 21,47,200 (41.70%) — —
NII / HNI (Total) — 6,44,800 (12.52%) — —
Retail Investors — 15,04,000 (29.21%) — —
Market Maker * 1× 8,52,800 (16.56%) 8,52,800 (16.56%) ₹673.71 Cr
Total ** — 51,48,800 (100.00%) — —
* Based on ₹79.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
21,47,200 (41.70%)
NII
6,44,800 (12.52%)
Retail
15,04,000 (29.21%)
Market Maker
8,52,800 (16.56%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Day-wise Subscription
Day-wise subscription (Day 1, Day 2 ...) will appear here once the IPO is open and bidding numbers are recorded.
Financial Summary
Amount in ₹ Lakhs
Metric30 Sep 202331 Mar 202331 Mar 2022
Revenue6948.4311569.659266.63
PAT539.38515.29312.86
EBITDA———
Net Worth2264.961724.421209.09
Total Assets11249.049793.836858.47
Reserves1064.961684.421169.09
Borrowings2902.812605.031880.86
Key Financial Ratios
35.13
ROE
Return on Equity
37.29
ROCE
Return on Capital Employed
29.88
RONW
Return on Net Worth
1.51
D/E Ratio
Debt to Equity
5.50
P/BV
Price to Book Value
4.29
Pre EPS
EPS Pre-Issue
6.29
Post EPS
EPS Post-Issue
18.4
Pre P/E
P/E Pre-Issue
12.56
Post P/E
P/E Post-Issue
About Zenith Drugs Ltd

Incorporated in 2000, Zenith Drugs Limited is a pharmaceutical company specialising in manufacturing and trading high-quality, affordable medicines, including generic drugs.

The company adheres to WHO-GMP guidelines and has received the ISO 9001:2015 certification from a respected EuroUK certification body, demonstrating its commitment to quality.

The product portfolio of the company includes 

  • ORS Powder;
  • Liquid Orals;
  • Ointments;
  • Liquid Externals; and
  • Capsules

The Food & Drugs Administration has approved over 600 products, of which 325 are currently in production.

The company is in the process of setting up a new manufacturing facility in Village Muradpura, Depalpur, Indore, Madhya Pradesh.

The company supplies its products to countries such as Costa Rica in Central America and the Caribbean and Pacific regions, Malawi, Mauritius, Mozambique, Sudan, Tanzania, Bhutan , Cambodia in Southeast Asia, Tajikistan, Liberia, Sierra Leone, and Conakry.

Zenith Drugs Limited specializes in third-party manufacturing, also known as white label manufacturing, for esteemed pharmaceutical companies such as Ajanta Pharma, Bio Medical Laboratories, and Zest Pharma, among others.

There are currently 89 employees as of March 31, 2023 - 61 on payroll and 28 on contract.

Frequently Asked Questions
What is the issue price of Zenith Drugs Ltd IPO?
The issue price of Zenith Drugs Ltd IPO is ₹79 per share, face value ₹10.
What is the lot size?
Minimum lot size is 1,600 shares, requiring ₹126,400.
What are the IPO dates?
Dates not announced yet.
When is the listing date?
Tentative listing: 27 Feb 2024 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹79 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Zenith Drugs Ltd IPO

Check on Registrar
Post-IPO Timeline
Listing Date
27 Feb 2024
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹79
Face ₹10
Lot Size
1,600
shares / lot
Min Amount
₹126,400
1 lot
Est. Listing
₹79
GMP +₹0
Key Dates
Listing
27 Feb Done
Registrar
Bigshare Services Pvt.Ltd
A
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