Sotac Pharmaceuticals Limited IPO (Sotac Pharmaceuticals IPO)

Sotac Pharmaceuticals Limited IPO
Upcoming Sotac Pharmaceuticals IPO | New Sotac Pharmaceuticals IPO

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

Sotac Pharmaceuticals IPO – Details

IPO Opening Date29 March 2023
IPO Closing Date03 April 2023
Issue TypeBook Built Issue IPO
Issue Size30,00,000 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterKFin Technologies Limited
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Sotac Pharmaceuticals IPO – Date Schedule

IPO Open Date29 March 2023
IPO Close Date03 April 2023
Basis of Allotment10 April 2023
Initiation of Refunds11 April 2023
Credit of Shares to Demat Account12 April 2023
IPO Listing Date13 April 2023

Sotac Pharmaceuticals IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

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.
Sotac Pharmaceuticals IPO
Object Issue

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202028.7627.840.70
31 March 202143.5142.310.86
31 March 202273.3768.672.87
30 September 202230.8526.563.09
Amount in ₹ Crore

Sotac Pharmaceuticals IPO Promoter Holding

Pre Issue Share Holding84.62%
Post Issue Share Holding61.64%

Sotac Pharmaceuticals IPO Prospectus

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

Sotac Pharmaceuticals IPO Registrar

KFin Technologies Limited

Phone: 04067162222

Sotac Pharmaceuticals IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Sotac Pharmaceuticals IPO FAQs

Sotac Pharmaceuticals IPO 2023
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.
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