Zenith Drugs IPO Details, date, Review, Price

zenith drugs IPO Details, date, Review, Price

Company Overview

Zenith Drugs is a pharmaceutical manufacturing and trading company based out of Indore.

We are specialized in manufacturing high-quality and affordable Medicines to support our patients in need. Our Company is also into Generic Medicines and Generic Medicines are cost effective. Since its inception, our company has focused on building a strong foundation and laying the groundwork for our future growth and success. With dedication and strategic planning, we managed to establish a reputable presence in the pharmaceutical industry.

The Company was incorporated with the objective of better service deliverance in the field of medicine and being a better premium pharmaceutical company in India and abroad for cost-effective human medicine. Our Company always emphasizes core strengths and policies that focus on technology and great deliverance. With a passion for setting high standards of services, the company has always taken all measures to scale up as and when required only to deliver the best. We work diligently and have a wide range of products to cater to every need and to reach the client’s sensitivity and centricity.

We are proud to be WHO-GMP compliant, adhering to the stringent guidelines set by the World Health Organization.
1. ORS Powder;
2. Liquid Orals;
3. Ointments;
4. Liquid Externals; and
5. Capsules.

Our Company has a Certificate of Good Manufacturing Practices issued by the Office of the Controller, Food and Drugs Administration, Madhya Pradesh, Idgah Hills, Bhopal, Madhya Pradesh. The quality standards of our Company are based on adherence to Good Manufacturing Practices (GMP) guidelines, regulatory requirements, and internal quality control processes. The Company is constantly required to adhere to the same. These measures are implemented to ensure the highest level of quality in our manufacturing operations.

ZENITH DRUGS LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open Date February 19, 2024
IPO Close DateFebruary 22, 2024
IPO SizeApprox ₹40.68 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹75 to ₹79 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%

ZENITH DRUGS LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum11600₹126,400
Retail Maximum11600₹126,400
S-HNI Minimum23200₹2,52,800

OBJECTS OF THE ISSUE

  •  Purchase of Machinery & Equipments for Setting up New Unit.
  •  Existing Manufacturing Block Upgradation.
  •  Working Capital Requirements.
  •  General Corporate Purposes.

ZENITH DRUGS LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open DateFeb 19, 2024
IPO Close DateFeb 22, 2024
Basis of AllotmentFeb 23, 2024
RefundsFeb 26, 2024
Credit to Demat AccountFeb 26, 2024
IPO Listing DateFeb 27, 2024

ZENITH DRUGS LIMITED FINANCIAL REPORTS 

₹ in Crores
YearRevenueExpensePAT
2023₹115.70 ₹104.85 ₹5.15
2022 ₹92.67 ₹84.82 ₹3.13
2021 ₹73.53 ₹66.37 ₹3.03

OUR PROMOTERS

The Promoters of our Company are –

  1. Mr. Sandeep Bhardwaj
  2. Mr. Bhupesh Soni
  3. Mr. Ajay Singh Dassundi.

Qualitative Factors:-

Some of the qualitative factors, which form the basis for the Issue Price, are:

  1.  Experienced Promoters and Management Team
  2.  Cost Efficiency
  3.  Formulation & Development
  4.  Regulatory Compliance
  5.  Global Reach
  6.  Product Portfolio
  7.  Supply Chain Efficiency
  8.  Scalable Business Model
  9.  Strong sales, marketing, and distribution capabilities

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 202375.7375.733
March 31, 202278.4678.462
March 31, 2021128.83128.831
Weighted Average103.19103.19

ZENITH DRUGS LIMITED COMPANY CONTACT DETAILS

K. No. 72 / 5, Village Muradpura,
NA, Depalpur, Indore-453001,
Madhya Pradesh, India.
Tel: +91 84355 01867
Email: info@zenithdrugs.com
Website: www.zenithdrugs.com

ZENITH DRUGS LIMITED IPO REGISTAR

Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400093.
Tel.:+91 22 6263 8200
Contact Person: Jibu John
Email: ipo@bigshareonline.com
Website:www.bigshareonline.com

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