Zenith Drugs Limited IPO (Zenith Drugs IPO)

Zenith Drugs Limited IPO
Upcoming Zenith Drugs IPO | New Zenith Drugs IPO

Zenith Drugs Limited is a pharmaceutical company specialising in manufacturing and trading high-quality, affordable medicines, including generic drugs.

The company adheres to WHO-GMP guidelines and has received the ISO 9001:2015 certification from a respected EuroUK certification body, demonstrating its commitment to quality.

The product portfolio of the company includes :

  • ORS Powder;
  • Liquid Orals;
  • Ointments;
  • Liquid Externals; and
  • Capsules

The Food & Drugs Administration has approved over 600 products, of which 325 are currently in production.

The company is in the process of setting up a new manufacturing facility in Village Muradpura, Depalpur, Indore, Madhya Pradesh.

The company supplies its products to countries such as Costa Rica in Central America and the Caribbean and Pacific regions, Malawi, Mauritius, Mozambique, Sudan, Tanzania, Bhutan , Cambodia in Southeast Asia, Tajikistan, Liberia, Sierra Leone, and Conakry.

Zenith Drugs Limited specializes in third-party manufacturing, also known as white label manufacturing, for esteemed pharmaceutical companies such as Ajanta Pharma, Bio Medical Laboratories, and Zest Pharma, among others.

There are currently 89 employees as of March 31, 2023 – 61 on payroll and 28 on contract.

Zenith Drugs IPO

Zenith Drugs IPO – Details

IPO Opening Date19 February 2024
IPO Closing Date22 February 2024
Issue TypeBook Built Issue IPO
Issue Size51,48,800 Shares Worth ₹40.68 Crore
Fresh Issue: 51,48,800 Shares Worth ₹40.68 Crore
Face Value₹10 per equity share
IPO Price₹75 – ₹79
Market Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Zenith Drugs IPO – Date Schedule

IPO Open Date19 February 2024
IPO Close Date22 February 2024
Basis of Allotment23 February 2024
Initiation of Refund26 February 2024
Credit of Shares to Demat Account26 February 2024
IPO Listing Date27 February 2024
Cut-off time for UPI mandate confirmation5 PM on Feb 22, 2024

Zenith Drugs IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,26,400
Retail (Maximum)11600₹1,26,400
HNI (Minimum)23200₹2,52,800

Competitive Strengths

  • Experienced Promoters and Management Team.
  • Cost Efficiency.
  • Formulation & Development.
  • Regulatory Compliance.
  • Global Reach.
  • Product Portfolio.
  • Supply Chain Efficiency.
  • Scalable Business Model.
  • Strong sales, marketing, and distribution capabilities.

Company Promoters

  • Mr. Sandeep Bhardwaj
  • Mr. Bhupesh Soni
  • Mr. Ajay Singh Dassundi

Object Of The Issue

  • Purchase of Machinery & Equipments for Setting up New Unit.
  • Existing Manufacturing Block Upgradation.
  • Working Capital Requirements.
  • General Corporate Purposes.
Zenith Drugs IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202173.5168.913.0215.48
31 March 202292.6688.263.1218.80
31 March 2023115.69108.485.1526.05
30 September 202369.4861.875.3929.02
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)4.296.29
P/E (x)18.412.56

Zenith Drugs IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding69.98%

Zenith Drugs IPO Prospectus

Company Contact Information

Zenith Drugs Limited

K. No. 72 / 5, Village Muradpura
NA Depalpur,

Phone: +91 8435501867
Email: info@zenithdrugs.com

Zenith Drugs IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Zenith Drugs IPO Lead Manager(s)

1. Gretex Corporate Services Limited

Zenith Drugs IPO FAQs

Zenith Drugs IPO FAQs
What is Zenith Drugs IPO?

Zenith Drugs IPO is a SME IPO. The issue is priced at ₹75 – ₹79 per equity share. The IPO is to be listed on NSE SME.
When Zenith Drugs IPO will open?

The IPO is to open on 19 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors.
How to Zenith Drugs IPO?

You can apply Zenith Drugs 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 Zenith Drugs IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Zenith Drugs”. 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 Zenith Drugs IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Zenith Drugs”. 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 Zenith Drugs IPO Size?

Zenith Drugs IPO size is ₹40.68 crores.
What is Zenith Drugs IPO Price Band?

Zenith Drugs IPO Price Band is ₹75 – ₹79.
What is Zenith Drugs IPO Minimum and Maximum Lot Size?

The minimum bid is 1600 Shares with ₹1,26,400 amount while the maximum bid is 1600 shares with ₹1,26,400.
What is the Zenith Drugs IPO Allotment Date?

Zenith Drugs IPO allotment date is  23 February 2024.
What is the Zenith Drugs IPO Listing Date?

Zenith Drugs IPO listing date is 27 February 2024. The IPO is to list on NSE SME.
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