Saroja Pharma Industries India Limited is engaged in trading, exporting and supplying Specialty Chemicals & API.
The company deals in three types of product categories:
- Chemical
- Pharma Intermediary
- 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.
Saroja Pharma Industries IPO – Details
| IPO Opening Date | 31 August 2023 |
| IPO Closing Date | 05 September 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,084,800 Shares Worth ₹9.11 Crore Fresh Issue: 10,84,800 Shares Worth ₹9.11 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹84 |
| Market Lot | 1600 Share |
| Min Order | 1600 Share (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Saroja Pharma Industries IPO – Date Schedule
| IPO Open Date | 31 August 2023 |
| IPO Close Date | 05 September 2023 |
| Basis of Allotment | 08 September 2023 |
| Initiation of Refund | 11 September 2023 |
| Credit of Shares to Demat Account | 12 September 2023 |
| IPO Listing Date | 13 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 05 Sep, 2023 |
Saroja Pharma Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,34,400 |
| Retail (Maximum) | 1 | 1600 | 1,34,400 |
| HNI (Minimum) | 2 | 3200 | 2,68,800 |
Competitive Strengths
- A loyal extensive customer base;
- Procurement of high quality pharmaceutical raw materials to be made available to its 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 Promoters
- Mr. Biju Gopinathan Nair
- Mr. Manish Dasharath Kamble
Object Of The Issue
- To Set-up a Manufacturing Unit;
- To Repay the Unsecured Loans;
- Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 36.74 | 35.71 | 0.73 | 3.01 |
| 31 March 2022 | 55.95 | 54.37 | 1.14 | 6.13 |
| 31 March 2023 | 50.35 | 48.85 | 1.06 | 10.18 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 23.27 |
| EPS (Rs) | 3.61 |
| RoNW | 20.85 |
Saroja Pharma Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.02% |
Saroja Pharma Industries IPO Prospectus
- Saroja Pharma Industries IPO DRHP
- Saroja Pharma Industries IPO RHP
Company Contact Information
| Saroja Pharma Industries India Limited 305, Kailash Tower, Shiv Shristi Complex, Goregaon Link Road, Mulund West, Mumbai (MH) – 400080 Phone: +91 (022) 2081 0011 Email: info@sarojapharma.com Website: https://www.sarojapharma.com/ |
Saroja Pharma Industries IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: spiil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Saroja Pharma Industries IPO Lead Manager(s)
| 1. Swastika Investmart Ltd |
Saroja Pharma Industries IPO FAQs
| What is Saroja Pharma Industries IPO? Saroja Pharma Industries IPO is a SME IPO. The issue is priced at ₹84 per equity share. The IPO is to be listed on NSE SME. |
| When Saroja Pharma Industries IPO will open? The IPO is to open on 31 August 2023 for NII and Retail Investors. |
| How to Saroja Pharma Industries IPO? You can apply Saroja Pharma Industries 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 Saroja Pharma Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Saroja Pharma Industries”. 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 Saroja Pharma Industries IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Saroja Pharma Industries”. 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 Edelweiss. |
| What is Saroja Pharma Industries IPO Size? Saroja Pharma Industries IPO size is ₹9.11 crores. |
| What is Saroja Pharma Industries IPO Price Band? Saroja Pharma Industries IPO Price Band is ₹84. |
| What is Saroja Pharma Industries IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,34,400 amount while the maximum bid is 1600 shares with ₹1,34,400. |
| What is the Saroja Pharma Industries IPO Allotment Date? Saroja Pharma Industries IPO allotment date is 08 September 2023. |
| What is the Saroja Pharma Industries IPO Listing Date? Saroja Pharma Industries IPO listing date is 13 September 2023. The IPO is to list on NSE SME. |
