Saroja Pharma Industries India Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

31 Aug 2023

Close Date

05 Sep 2023

Allotment

08 Sep 2023

Listing Date

13 Sep 2023

Exchange

NSE SME

Price Band

₹84

Listing Price

See chart

Allotment Status

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Price Band

₹84

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

10,84,800 shares (aggregating up to ₹9.11 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹134,400

1 lot

Pre-IPO Holding

29,35,686 shares

Promoters

Post-IPO Holding

40,20,486 shares

Promoters

P/E (Pre)

23.27x

P/E (Post)

31.82x

EPS (Pre)

₹3.61

UPI Deadline

2023-09-05

Mandate

Anchor AllotmentWed, 30 Aug 2023

Basis of AllotmentFri, 08 Sep 2023

Refund InitiationMon, 11 Sep 2023

Demat CreditTue, 12 Sep 2023

Listing DayWed, 13 Sep 2023

UPI Mandate Deadline2023-09-05

Sale TypeFresh Capital

Net Offer to Public10,30,400 shares (aggregating up to ₹8.66 Cr)

Market Maker Quota54,400 shares (aggregating up to ₹0.4570 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Saroja Pharma Industries India Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 05 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	54,400	—	₹0.46
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,084,800	100%	₹9.11

IPO Shares Offered

Saroja Pharma Industries India Ltd IPO total issue size: ₹9.11 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	54,400	₹0.46	5.01%
Total	1,084,800	₹9.11	100.00%

* Based on upper price band ₹84 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹84.00

Upper Band

Min Investment

₹134,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹268,800
Retail (Max — 13 Lots)	13	20,800	₹1,747,200
S-HNI (Min — 14 Lots)	14	22,400	₹1,881,600
B-HNI (Min — 68 Lots)	68	108,800	₹9,139,200

* Issue Price ₹84 × Lot Size 1,600 shares

IPO Schedule

Anchor

30 Aug 2023

✓ Done

IPO Open

31 Aug 2023

✓ Done

IPO Close

05 Sep 2023

✓ Done

Allotment

08 Sep 2023

✓ Done

Refunds

11 Sep 2023

✓ Done

Demat Credit

12 Sep 2023

✓ Done

Listing Day

13 Sep 2023

✓ Done

₹84.00

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Issue ₹84.00 Live Price

About Saroja Pharma Industries India Ltd

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 TeamScalable Business ModelWide and diverse range of product offeringsDiversified business operations and revenue base

Objects of the Issue

To Set-up a Manufacturing Unit

To Repay the Unsecured Loans

Saroja Pharma Industries India Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹3,674.7

31 Mar 2021

₹5,595.7

31 Mar 2022

₹5,035.1

31 Mar 2023

Profit After Tax (PAT)

₹73.1

31 Mar 2021

₹114.0

31 Mar 2022

₹106.1

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	5035.09	5595.67	3674.67
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	106.06	114.01	73.13
Net Worth	508.66	402.60	93.59
Total Assets	2133.99	1551.19	822.39
Reserves & Surplus	215.09	380.02	92.59
Borrowings	1018.86	613.88	301.77
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

0.15%

RoCE

0.25%

RoNW

20.85%

Debt/Equity

2.00

Issue Structure & Shareholding

Total Shares Offered10,84,800 (100.00%)

Net Offer to Public10,30,400 shares (aggregating up to ₹8.66 Cr)

Reserved for Market Maker54,400 shares (aggregating up to ₹0.4570 Cr)

Pre-Issue Promoter Holding29,35,686 shares

Post-Issue Promoter Holding40,20,486 shares

P/BV RatioN/A

RoE0.15%

RoCE0.25%

Debt / Equity2.00

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

spiil.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Swastika Investmart Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Saroja Pharma Industries India Ltd IPO subscribed? ▲

Saroja Pharma Industries India Ltd IPO is subscribed 1.00 times by Sep 05, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Saroja Pharma Industries India Ltd IPO retail subscription status? ▼

The Saroja Pharma Industries India Ltd IPO retail category is subscribed 1.00 times as of 05 Sep 2023. The retail portion is oversubscribed.

How to subscribe Saroja Pharma Industries India Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 Aug 2023 and closes 05 Sep 2023. Min investment: ₹134,400 (1 lot = 1,600 shares). UPI mandate: 2023-09-05.

How many times Saroja Pharma Industries India Ltd IPO subscribed? ▼

The Saroja Pharma Industries India Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Saroja Pharma Industries India Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Sep 2023. Refunds: on 11 Sep 2023.

When Saroja Pharma Industries India Ltd IPO will be listed? ▼

The Saroja Pharma Industries India Ltd IPO listing date is 13 Sep 2023, Wednesday. Listed on: NSE SME. Issue price: ₹84. Estimated listing: ₹84. GMP: NIL.

When Saroja Pharma Industries India Ltd IPO close? ▼

The Saroja Pharma Industries India Ltd IPO closes on 05 Sep 2023, Tuesday. UPI mandate: 2023-09-05. Allotment: 08 Sep 2023. Listing: 13 Sep 2023.

Quick Actions

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Live Price LIVE

Last Price₹84.00

Change—

Issue Price₹84.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹84

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹134,400

GMPNIL

Est. Listing₹84

Subscribed1.00x

Open Date31 Aug 2023

Close Date05 Sep 2023

Allotment08 Sep 2023

Listing Date13 Sep 2023

ExchangeNSE SME

UPI Deadline2023-09-05