Zenith Drugs Ltd
Price Range
₹75 - ₹79
Min. Quantity
1,600
Closes on
22 February 2024
Min. investment
₹1,26,400/1,600 Shares
Zenith Drugs Ltd IPO Timeline
Zenith Drugs Ltd was originally incorporated on November 15, 2000 as a Private Limited Company in the name of 'Zenith Drugs Private Limited' issued by the Registrar of Companies, in the State of Madhya Pradesh, Gwalior. Subsequently, Company was converted into Public Limited and consequently, the name of Company was changed to Zenith Drugs Limited' pursuance to issuance of a Fresh Certificate of Incorporation on September 13, 2023 by the Registrar of Companies, Gwalior.
| Event | Date |
|---|---|
| Zenith Drugs Ltd IPO Opening Date | 19 February 2024 |
| Zenith Drugs Ltd IPO Closing Date | 22 February 2024 |
| Basis of Allotment | 23 February 2024 |
| Initiation of Refunds | 26 February 2024 |
| Credit of Shares to Demat | 26 February 2024 |
| Zenith Drugs Ltd IPO Listing Date | 27 February 2024 |
Zenith Drugs Ltd IPO Details
| Zenith Drugs Ltd IPO Date | 19 February 2024 to 22 February 2024 |
| Zenith Drugs Ltd IPO Face Value | ₹10 per share |
| Zenith Drugs Ltd IPO Price | ₹75 to ₹79 per share |
| Zenith Drugs Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹40.68 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹40.68 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sandeep Bhardwaj, Bhupesh Soni, Ajay Singh Dassundi |
Zenith Drugs Ltd IPO Lot Size
The Zenith Drugs Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,26,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,26,400 |
| Maximum | 1 | 1,600 | ₹1,26,400 |
- Strengths
- Risks
- Opportunities
- 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 Financials
Zenith Drugs Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 134.17 | 133.74 | 9.54 |
| 03-2023 | 97.22 | 115.76 | 4.88 |
| 03-2022 | 66.18 | 92.6 | 3.21 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of Machinery & Equipments for Setting up new unit
- Existing manufacturing block upgradation
- Working capital requirements
- General corporate purposes
Zenith Drugs Ltd IPO Promoter Holding
| Pre Issue Share Holding | 30.56% |
| Post Issue Share Holding | 21.38% |
Zenith Drugs Ltd IPO Subscription Status (Bidding Detail)
The Zenith Drugs Ltd IPO is subscribed 7.2949 times on 22 February 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 7.2949 |
Zenith Drugs Ltd IPO Prospectus
Zenith Drugs Ltd IPO Listing Date
| Listing Date | 27 February 2024 |
| BSE Script | 92356 |
| NSE Symbol | ZENITHDRUG |
| Listing In | NSE - SME |
| ISIN | INE0QWN01013 |
| IPO Price | ₹79 |
| Face Value | ₹10 |
Company Contact Information
K # 72/5 Village MuradpuraNA Depalpur,Indore-453001
Phone: +91 84355 01867
Email: info@zenithdrugs.com
Website: www.zenithdrugs.com
Zenith Drugs Ltd IPO Registrar
Zenith Drugs Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
FAQ
What is the issue size of Zenith Drugs Ltd IPO?
I have pre-applied for Zenith Drugs Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.