Onyx Biotec Limited is a pharmaceutical company providing sterile water for injections. The company currently manufactures Sterile Water for Injections and serves as a pharmaceutical contract manufacturer, offering a comprehensive range of Dry Powder Injections and Dry Syrups for both the Indian and overseas markets.
The company has two manufacturing units in Solan, Himachal Pradesh. Unit I has a daily production capacity of 638,889 units of Sterile Water for Injections, while Unit II produces 40,000 units of dry powder injections and 26,667 units of dry syrup per day in a single shift.
The company clientele includes Hetero Healthcare Limited, Mankind Pharma Limited, Sun Pharmaceutical Industries Limited, Aristo Pharmaceuticals Private Limited, Macleods Pharmaceuticals Limited, Mapra Laboratories Private Limited, Axa Parenterals Limited, FDC Limited, Zuventus Healthcare Limited, Akums Drugs and Pharmaceuticals Limited, Reliance Life Sciences Limited, among others.
As of May 31, 2024, the company had a client base of more than 100 Indian and multinational pharmaceutical companies.
The company has received certificates for the management system, ISO 9001:2015, and ISO 14001:2015 from ROHS Certification Private Limited.
As of July 31, 2024, the company has 175 employees across various departments.
Onyx Biotec IPO – Details
| IPO Opening Date | 13 November 2024 |
| IPO Closing Date | 18 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 48,10,000 Shares Worth ₹29.34 Crore Fresh Issue: 48,10,000 Shares Worth ₹29.34 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹58 – ₹61 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares |
| Listing At | NSE SME |
| Register | Mas Services Limited |
| QIB Shares Offered | 49.89% |
| Retail Shares Offered | 35.04% |
| NII (HNI) Shares Offered | 15.07% |
Onyx Biotec IPO – Date Schedule
| IPO Open Date | 13 November 2024 |
| IPO Close Date | 18 November 2024 |
| Basis of Allotment | 19 November 2024 |
| Initiation of Refund | 20 November 2024 |
| Credit of Shares to Demat Account | 20 November 2024 |
| IPO Listing Date | 22 November 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 18, 2024 |
Onyx Biotec IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Competitive Strengths
- One of the prominent contract manufacturers in sterile manufacturing.
- Quality Assurance and Quality Control of the products.
- Strong, cordial & long-term relationship with the Marque Clientele.
- Cost effective production and timely fulfilment of orders.
- Well experienced management team with proven project management and implementation skills.
Company Promoters
- Sanjay Jain
- Naresh Kumar
- Fateh Pal Singh
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 44.98 | 41.18 | 3.35 | 12.24 |
| 31 March 2023 | 39.61 | 37.06 | 1.84 | 29.22 |
| 31 March 2024 | 53.87 | 49.82 | 3.03 | 30.78 |
| 31 May 2024 | 10.54 | 8.79 | 1.30 | 31.56 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 4.99% |
| ROCE | 3.71% |
| Debt/Equity | 1.21 |
| RoNW | 4.99% |
| P/BV | 3.1 |
| PAT Margin (%) | 12.42 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.28 | 4.33 |
| P/E (x) | 26.81 | 14.10 |
Object Of The Issue
- Upgradation of existing manufacturing Unit I to manufacture large volume parentals for intravenous use;
- Setting up a high-speed cartooning packaging line at existing manufacturing Unit II for Dry Powder Injections;
- Prepayment or repayment of all or a portion of certain loans availed by the Company; and
- General Corporate Purposes.
Onyx Biotec IPO Promoter Holding
| Pre Issue Share Holding | 88.60% |
| Post Issue Share Holding | – |
Onyx Biotec IPO Prospectus
Company Contact Information
| Onyx Biotec Limited Bir Plassi Near Sainimajraropar, Nalagarh Road District Solan – 174101, Phone: +91 172 265 6384 Email: generalinfo@onyxbiotec.com Website: http://www.onyxbiotec.com/ |
Onyx Biotec IPO Registrar
| Mas Services Limited Phone: (011) 2610 4142 Email: ipo@masserv.com Website: https://www.masserv.com/opt.asp |
Onyx Biotec IPO Lead Manager(s)
| 1. Horizon Management Private Limited |
Onyx Biotec IPO FAQs
| What is Onyx Biotec IPO? Onyx Biotec IPO is an SME IPO. The issue is priced at ₹58 and ₹61 per equity share. The IPO is to be listed on NSE SME. |
| When Onyx Biotec IPO will open? The IPO is to open on 13 November 2024 for QIB, NII, and Retail Investors. |
| What is Onyx Biotec IPO Investors Portion? The investors’ portion for QIB- 49.89%, Retail – 35.04%, NII – 15.07%. |
| How to Apply the Onyx Biotec IPO? You can apply Onyx Biotec IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Onyx Biotec IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Onyx Biotec IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Onyx Biotec IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Onyx Biotec IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Onyx Biotec IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Onyx Biotec IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Onyx Biotec IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Onyx Biotec IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Onyx Biotec IPO Size? Onyx Biotec IPO size is ₹29.34 Crore. |
| What is Onyx Biotec IPO Price Band? Onyx Biotec IPO Price Band is ₹58 – ₹61. |
| What is Onyx Biotec IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,22,000 amount while the maximum bid is 2000 Shares with ₹1,22,000. |
| What is the Onyx Biotec IPO Allotment Date? Onyx Biotec IPO allotment date is 19 November 2024. |
| What is the Onyx Biotec IPO Listing Date? Onyx Biotec IPO listing date is 22 November 2024. The IPO is to be listed on NSE SME. |
