Sudarshan Pharma Industries IPO: GMP, Price, Dates & size

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Sudarshan Pharma Industries Limited (SPIL), a company located in Mumbai, was established in 2008. Its primary function is to procure and distribute generic formulations through a contract manufacturing facility. Additionally, the company is involved in the import and export of products and supplies specialty chemicals, Active Pharmaceutical Ingredients (API), and intermediates. To meet the needs and specifications of its clients, SPIL outsources manufacturing facilities from both Indian and foreign suppliers. 

The company provides versatile products that can be used across various industries such as paint, food, pharmaceuticals, and adhesives. Additionally, the company is engaged in contract manufacturing services, and supplies pharmaceutical formulations to hospitals, NGOs, government agencies, and healthcare institutes. SPIL offers a range of 50 pharmaceutical formulations in the form of tablets, ointments, capsules, and injectables under their own brand name. 

Sudarshan Pharma Industries IPO Details 

IPO Date Mar 9, 2023 to Mar 14, 2023 
Listing Date Mar 22 2023
Face Value ₹10 per share 
Price ₹71 to ₹73 per share 
Lot Size 1600 Shares 
Issue Size 6,862,400 shares of ₹10 
(aggregating up to ₹50.10 Cr) 
Fresh Issue 6,862,400 shares of ₹10 
(aggregating up to ₹50.10 Cr) 
Issue Type Book Built Issue IPO 
Listing At BSE SME 
P/E (x) 21.28 
Market Cap (₹ Cr.) 175.68 
ITCONS E-Solutions IPO: GMP, Price, Dates and size

Sudarshan Pharma Industries IPO Tentative Dates 

Event Tentative Date 
Opening Date Mar 9, 2023 
Closing Date Mar 14, 2023 
Basis of Allotment Mar 17, 2023 
Initiation of Refunds Mar 20, 2023 
Credit of Shares to Demat Mar 21, 2023 
Listing Date Mar 22, 2023 

Company Financials 

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing 
31-Mar-21 9,926.02 19,372.82 267.12 2,250.74 1,296.05 2,977.09 
31-Mar-22 13,752.18 35,755.89 530.37 2,977.53 2,002.63 3,059.24 
30-Sep-22 16,402.22 19,589.87 360.70 5,108.79 3,996.89 4,940.50 
Amount in ₹ Lakhs 

Objects of the Issue 

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects: 

  1. Working Capital Requirements 
  1. General Corporate Purposes. 

udarshan Pharma Industries IPO Prospectus

Company Contact Information

Sudarshan Pharma Industries Ltd
301,3rd Floor, Aura Biplex,
Above Kalyan Jewellers S. V. Road, Borivali (West)
Mumbai – 400092
Phone: 022- 42221111
Email: compliance@sudarshanpharma.com
Websitehttp://www.sudarshanpharma.com/

Sudarshan Pharma Industries IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Websitehttps://karisma.kfintech.com/

Sudarshan Pharma Industries IPO Lead Manager(s)

  1. Gretex Corporate Services Pvt Ltd (Past IPO Performance)

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