Sudarshan Pharma IPO GMP, Date, Price, Review, Allotment 2023 – IPO Watch

Written by on March 3, 2023

Sudarshan Pharma IPO Details: Sudarshan Pharma IPO date is fixed, The IPO will open on March 9 and will close on March 14, 2023. Sudarshan Pharma is a BSE SME IPO to raise ₹50.10 crores via IPO. The Sudarshan Pharma IPO price band is fixed at ₹71 to ₹73 with a market lot of 1600 shares.

Sudarshan Pharma Industries Limited (SPIL) diversified its business in specialty chemicals and intermediates with wide-range applications in the pharma, paint, food, and adhesive Industry. They have a presence in the domestic market as well as in international markets. They export their products to the UK, Australia, Uzbekistan, Syria, Oman, Taiwan, & MENA Regions.

Sudarshan Pharma is also involved in contract manufacturing, outsourcing & supply generic pharma formulation and medicines to healthcare institutions, governments, NGOs, and Hospitals. As per the client’s requirement, they outsource the products from suppliers from India and Overseas. They have 50 pharma formulations under their brand name in form of tablets, ointment, capsules, and injectables.

Objects of the Issue:

  • Working Capital Requirements.
  • General Corporate Purposes.

Sudarshan Pharma IPO Review

DateGMPKostakSubject to
3 March₹-₹-₹-

Sudarshan Pharma IPO Date & Price Band Details

IPO Open:March 9, 2023
IPO Close:March 14, 2023
IPO Size:Approx ₹50.10 Crores, 6,862,400 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹71 to ₹73 Per Equity Share
IPO Listing on:BSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Sudarshan Pharma IPO Market Lot

The Sudarshan Pharma IPO minimum market lot is 1600 shares with a ₹116,800 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹116,800
Retail Maximum11600₹116,800
S-HNI Minimum23200₹233,600

Sudarshan Pharma IPO Dates

The Sudarshan Pharma IPO date is March 9 and the IPO close date is March 14. The IPO allotment date is March 17 and the IPO might list on March 22.

IPO Open Date:March 9, 2023
IPO Close Date:March 14, 2023
Basis of Allotment:March 17, 2023
Refunds:March 20, 2023
Credit to Demat Account:March 21, 2023
IPO Listing Date:March 22, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Sudarshan Pharma IPO Form

How to apply Sudarshan Pharma IPO? You can apply Sudarshan Pharma IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sudarshan Pharma IPO in the Invest section. The other option you can apply Sudarshan Pharma IPO via IPO forms download via the BSE website. Check out the Sudarshan Pharma forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.

Sudarshan Pharma Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2020₹148₹146₹1.28
2021₹194₹190₹2.67
2022₹358₹350₹5.30
2023 3M₹106₹103₹2.25

Sudarshan Pharma IPO Valuation – FY2022

Check Sudarshan Pharma IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹3.39 per Equity Share
Price/Earning P/E Ratio:NA
Return on Net Worth (RoNW):17.63%
Net Asset Value (NAV):₹30.54 per Equity Share

Peer Group

  • Mr. Hemal Vasantrai Mehta
  • Mr. Sachin Vasantrai Mehta

Sudarshan Pharma IPO Registrar

KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/

Sudarshan Pharma IPO Allotment Status

Check Sudarshan Pharma IPO allotment status on KFintech website URL. Click Here

Sudarshan Pharma IPO Lead Managers

  • Gretex Corporate Services Pvt Ltd

Company Address

Sudarshan Pharma Industries Ltd
301,3rd Floor, Aura Biplex,
Above Kalyan Jewellers S. V. Road, Borivali (West)
Mumbai – 400092
Phone: 022- 42221111
Email: [email protected]
Website: http://www.sudarshanpharma.com/

Sudarshan Pharma IPO FAQs

What is Sudarshan Pharma IPO?

Sudarshan Pharma IPO is a BSE SME IPO. They are going to raise ₹50.10 Crores via IPO. The issue is priced at ₹71 to ₹73 per equity share. The IPO is to be listed on BSE.

When Sudarshan Pharma IPO will open?

The IPO is to open on March 9, 2023 for QIB, NII, and Retail Investors.

What is Sudarshan Pharma IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Sudarshan Pharma IPO?

You can apply Sudarshan Pharma 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 Sudarshan Pharma IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sudarshan Pharma”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Sudarshan Pharma IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sudarshan Pharma”. 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 Upstox.

How to Apply the Sudarshan Pharma IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Sudarshan Pharma”. 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 Paytm Money.

What is Sudarshan Pharma IPO Size?

Sudarshan Pharma IPO size is ₹50.10 crores.

What is Sudarshan Pharma IPO Price Band?

Sudarshan Pharma IPO Price Band is ₹71 to ₹73 per equity share.

What is Sudarshan Pharma IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹116,800.

What is Sudarshan Pharma IPO Allotment Date?

Sudarshan Pharma IPO allotment date is March 17, 2023.

What is Sudarshan Pharma IPO Listing Date?

Sudarshan Pharma IPO listing date is March 22, 2023. The IPO to list on BSE SME.

Note: The Sudarshan Pharma IPO details are announced officially. The IPO grey market premium (Sudarshan Pharma IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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