SOTAC Pharmaceuticals Limited is part of SOTAC group, based at Gujarat. The company is in business of manufacturing of pharmaceutical products for different marketers on loan license or contract manufacturing basis.
As on 07 February 2023, SOTAC Pharmaceuticals is serving over 162 corporate clients on a loan license and/or contract manufacturing basis. The company established its manufacturing facility in the year 2017.
In year 2017, the company’s manufacturing facility was installed with capacity to manufacture 90 Crore tables / year, 14 Crore Capsules / year. As on 07 February 2023, Company’s manufacturing facility at SOTAC Pharmaceuticals Limited is installed with capacity to manufacture 360 Crore tables / year, 32.40 Crore Capsules / year, 2160 Kilo Litter syrup / year and 324 Tons external preparation / year.
The company’s promoters have a combined experience of more than 59 years in the pharmaceutical manufacturing Industry.
SOTAC group’s therapeutic portfolio includes Anti-Diabetic, Anti-Psychotic, Vitamins, Minerals, Iron, Anti-Cold, AntiAllergic, Derma Products, Antacid, Anti-Ulcerants, PPI, Anti-Emetics, Cardiac, Anti-Hypertensives, Analgesic, AntiPyretic, Anti-Inflammatory, Anti-Bacterial, Anti-Viral, General Antibiotics IP-Lactams & Non-IP-Lactams, Anti-Fungal, Cephalosporin.
SOTAC group’s past and present clientele includes renowned pharma marketers and manufactures namely Cadila Pharma, J. B. Chemical, Lincoln Pharma, Intas Pharma, Viatris (Mylan), Makers (Ipca), Corona Remedies, Eris Lifesciences, Stride Pharma, Stalion Pharma, Acme Pharma, Olecare Pharma, Treatwell Pharma, Ronak Healthcare, Curever Pharma, Kentoss Pharma, Sunrest Pharma, Ishan Healthcare etc.
Sotac pharmaceutical manufacturing facilities are situated at Sanand GIDC–II in Ahmedabad district of Gujarat.
Sotac Pharmaceuticals IPO – Details
| IPO Opening Date | 29 March 2023 |
| IPO Closing Date | 03 April 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 30,00,000 Shares Worth ₹33.30 Crore Fresh Issue: 30,00,000 Shares Worth ₹33.30 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹105-₹111 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Sotac Pharmaceuticals IPO – Date Schedule
| IPO Open Date | 29 March 2023 |
| IPO Close Date | 03 April 2023 |
| Basis of Allotment | 10 April 2023 |
| Initiation of Refunds | 11 April 2023 |
| Credit of Shares to Demat Account | 12 April 2023 |
| IPO Listing Date | 13 April 2023 |
Sotac Pharmaceuticals IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1200 | 1,33,200 |
| Maximum | 1 | 1200 | 1,33,200 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Wide range of Products.
- Strategic Location of Manufacturing Facilities.
- Scalable Business Model.
- Quality assurance.
Company Promoters
- Mr. Sharadkumar Dashrathbhai Patel
- Mr. Dineshkumar Babulal Gelot
- Mr. Vishalkumar Devrajbhai Patel
- Mr. Chetankumar Bachubhai Patel
- Mrs. Kiran Baldevbhai Jotania.
Object Of The Issue
- Working Capital Requirements.
- Investment in Subsidiary.
- Upgradation / Construction of Existing /New Building in the Existing Premises.
- General Corporate Purpose.
- Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 28.76 | 27.84 | 0.70 |
| 31 March 2021 | 43.51 | 42.31 | 0.86 |
| 31 March 2022 | 73.37 | 68.67 | 2.87 |
| 30 September 2022 | 30.85 | 26.56 | 3.09 |
Sotac Pharmaceuticals IPO Promoter Holding
| Pre Issue Share Holding | 84.62% |
| Post Issue Share Holding | 61.64% |
Sotac Pharmaceuticals IPO Prospectus
- Sotac Pharmaceuticals IPO DRHP
- Sotac Pharmaceuticals IPO RHP
- Anchor Investors in Sotac Pharmaceuticals IPO
Company Contact Information
| Sotac Pharmaceuticals Limited Plot No. PF-21, Nr. ACME Pharma, Opp. Teva Pharma Sanand GIDC-II, Sanand Ahmedabad – 382110 Phone: +91 90819 93300 Email: compliance@sotacpharma.com Website: http://www.sotacpharma.com/ |
Sotac Pharmaceuticals IPO Registrar
| KFin Technologies Limited Phone: 04067162222 Email: sotac.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Sotac Pharmaceuticals IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Sotac Pharmaceuticals IPO FAQs
| What is Sotac Pharmaceuticals IPO? Sotac Pharmaceuticals IPO is a SME IPO. The issue is priced at ₹111 per equity share. The IPO is to be listed on NSE SME. |
| When Sotac Pharmaceuticals IPO will open? The IPO is to open on 29 March 2023 for QIB, NII and Retail Investors. |
| What is Sotac Pharmaceuticals IPO Investors Portion? The investors portion for QIB-50%, NII-15%, and Retail-35%. |
| How to Sotac Pharmaceuticals IPO? You can apply Sotac Pharmaceuticals 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 Sotac Pharmaceuticals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sotac Pharmaceuticals”. 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 Sotac Pharmaceuticals IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sotac Pharmaceuticals”. 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 Sotac Pharmaceuticals IPO Size? Sotac Pharmaceuticals IPO size is ₹33.30 crores. |
| What is Sotac Pharmaceuticals IPO Price Band? Sotac Pharmaceuticals IPO Price Band is ₹111. |
| What is Sotac Pharmaceuticals IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,33,200 amount while the maximum bid is 1200 shares with ₹1,33,200. |
| What is the Sotac Pharmaceuticals IPO Allotment Date? Sotac Pharmaceuticals IPO allotment date is 10 April 2023. |
| What is the Sotac Pharmaceuticals IPO Listing Date? Sotac Pharmaceuticals IPO listing date is 13 April 2023. The IPO is to list on NSE SME. |
