Zenith Drugs Ltd IPO
Price Range
₹75 - ₹79
-
Min. Quantity
1,600 Shares
Closes on
22 February 2024
-
Min. investment
₹1,26,400
Zenith Drugs Ltd IPO Timeline
| Event | Date |
|---|---|
| Zenith Drugs Ltd IPO Opening Date | 19 February 2024 |
| Zenith Drugs Ltd IPO Closing Date | 22 February 2024 |
| Basis of Allotment | 23 February 2024 |
| Initiation of Refunds | 26 February 2024 |
| Credit of Shares to Demat | 26 February 2024 |
| Zenith Drugs Ltd IPO Listing Date | 27 February 2024 |
Zenith Drugs Ltd IPO Details
| Zenith Drugs Ltd IPO Date | 19 February 2024 to 22 February 2024 |
| Zenith Drugs Ltd IPO Face Value | ₹10 per share |
| Zenith Drugs Ltd IPO Price | ₹75 to ₹79 per share |
| Zenith Drugs Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹40.68 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹40.68 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sandeep Bhardwaj, Bhupesh Soni, Ajay Singh Dassundi |
Zenith Drugs Ltd IPO Lot Size
The Zenith Drugs Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,26,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,26,400 |
| Maximum | 1 | 1,600 | ₹1,26,400 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters and Management Team.
- Cost Efficiency.
- Formulation & Development.
- Regulatory Compliance.
- Global Reach.
- Product Portfolio.
- Supply Chain Efficiency.
- Scalable Business Model.
- Strong sales, marketing, and distribution capabilities.
Company Financials
Zenith Drugs Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 161.48 | 135.93 | 7.16 |
| 03-2024 | 134.17 | 133.74 | 9.54 |
| 03-2023 | 97.22 | 115.76 | 4.88 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of Machinery & Equipments for Setting up new unit
- Existing manufacturing block upgradation
- Working capital requirements
- General corporate purposes
Zenith Drugs Ltd IPO Promoter Holding
| Pre Issue Share Holding | 30.56% |
| Post Issue Share Holding | 21.38% |
Zenith Drugs Ltd IPO Subscription Status (Bidding Detail)
The Zenith Drugs Ltd IPO is subscribed 7.2949 times on 22 February 2024 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) | - | - | - | - | 7.2949 |
Zenith Drugs Ltd IPO Prospectus
Zenith Drugs Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | NSE - SME |
| ISIN | INE0QWN01013 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
K # 72/5 Village MuradpuraNA Depalpur,Indore-453001
Phone: +91 84355 01867
Email: info@zenithdrugs.com
Website: www.zenithdrugs.com
Zenith Drugs Ltd IPO Registrar
Zenith Drugs Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
How to Check the Allotment Status of Zenith Drugs Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Zenith Drugs Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Zenith Drugs Ltd IPO
Zenith Drugs Limited was originally incorporated on November 15, 2000 as a Private Limited Company as 'Zenith Drugs Private Limited' issued by the Registrar of Companies, in the State of Madhya Pradesh, Gwalior. Subsequently, Company was converted into Public Limited and consequently, the name of the Company was changed to Zenith Drugs Limited' pursuance to issuance of a Fresh Certificate of Incorporation on September 13, 2023 by the Registrar of Companies, Gwalior.