Saroja Pharma Industries India Ltd
Price Range
₹84
-
Min. Quantity
1,600
Closes on
5 September 2023
-
Min. investment
₹1,34,400/1,600 Shares
Saroja Pharma Industries India Ltd IPO Timeline
Saroja Pharma Industries India Ltd was originally incorporated as Private Limited, in the name and style of 'Saroja Pharma Industries India Private Limited' on January 14 , 2019 vide Certificate of Incorporation issued by the Registrar of Companies, Mumbai, Maharashtra. Later on, Company was converted into Public Limited Company and due to conversion, name of the Company changed to 'Saroja Pharma Industries India Limited' through fresh Certificate of Incorporation dated April 18, 2023.
| Event | Date |
|---|---|
| Saroja Pharma Industries India Ltd IPO Opening Date | 31 August 2023 |
| Saroja Pharma Industries India Ltd IPO Closing Date | 5 September 2023 |
| Basis of Allotment | 8 September 2023 |
| Initiation of Refunds | 11 September 2023 |
| Credit of Shares to Demat | 12 September 2023 |
| Saroja Pharma Industries India Ltd IPO Listing Date | 13 September 2023 |
Saroja Pharma Industries India Ltd IPO Details
| Saroja Pharma Industries India Ltd IPO Date | 31 August 2023 to 5 September 2023 |
| Saroja Pharma Industries India Ltd IPO Face Value | ₹10 per share |
| Saroja Pharma Industries India Ltd IPO Price | ₹84 to ₹0 per share |
| Saroja Pharma Industries India Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹9.11 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹9.11 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Biju Gopinathan Nair, Manish Dasharath Kamble |
Saroja Pharma Industries India Ltd IPO Lot Size
The Saroja Pharma Industries India Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,34,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,34,400 |
| Maximum | 1 | 1,600 | ₹1,34,400 |
- Strengths
- Risks
- Opportunities
- A loyal extensive customer base;
- Procurement of high quality pharmaceutical raw materials to be made available to our esteemed clients;
- Extensive wide loyal purchase (Manufacturer) base;
- Well trained professional staff to deliver the best in terms of resource procurements, documentation and time saving fast logistics;
- Insurance of materials at all destinations (Loading, unloading, warehouse and in transit) ensuring safe and hasslefree dispatch of consignment globally;
- The process of implementation at every point in accordance to government rules, regulations, requirements along with best global practices;
- Fast and efficient decision-making approach of management with open approach to staff insights.
Company Financials
Saroja Pharma Industries India Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 26.56 | 40.86 | 0.88 |
| 03-2023 | 21.34 | 50.35 | 1.06 |
| 03-2022 | 15.51 | 55.96 | 1.14 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To set up a Manufacturing Unit
- To repay the unsecured Loan
Saroja Pharma Industries India Ltd IPO Promoter Holding
| Pre Issue Share Holding | 98.67% |
| Post Issue Share Holding | 72.05% |
Saroja Pharma Industries India Ltd IPO Subscription Status (Bidding Detail)
The Saroja Pharma Industries India Ltd IPO is subscribed 8.4705 times on 5 September 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 8.4705 |
Saroja Pharma Industries India Ltd IPO Prospectus
Saroja Pharma Industries India Ltd IPO Listing Date
| BSE Script | 91651 |
| NSE Symbol | SAROJA |
| Listing In | NSE - SME |
| ISIN | INE0PCL01011 |
| IPO Price | ₹84 |
| Face Value | ₹10 |
Company Contact Information
305 Kailash Tower Shiv ShristiComplex Goregaon Link Rd Mum-W,Mumbai-400080
Phone: +91 022 2081 0011
Email: info@sarojapharma.com
Website: www.sarojapharma.com
Saroja Pharma Industries India Ltd IPO Registrar
Saroja Pharma Industries India Ltd IPO Lead Manager(s)
- Swastika Investmart Ltd
FAQ
What is the issue size of Saroja Pharma Industries India Ltd IPO?
I have pre-applied for Saroja Pharma Industries India Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.