Sudarshan Pharma Industries Limited IPO
Sudarshan Pharma Industries Limited IPO
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Following its successful public offering, Sudarshan Pharma Industries Limited's made its market debut on 20-03-2023 and is now actively traded on the BSEplatform. The IPO mobilized 68,62,400 Shares in total capital, including 68,62,400 Shares in primary equity infusion.
The offering was structured with a price band of ₹71 to ₹73 and minimum investment lots of 1600 shares. Investor participation during the subscription window from 09-03-2023 to 14-03-2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on 18-03-2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Sudarshan Pharma IPO About Company
Incorporated in 2008, Sudarshan Pharma Industries Limited (SPIL) is a Mumbai-based company engaged in contract manufacturing, import, export, and supply of specialty chemicals, Active Pharmaceutical Ingredients (APIs), and intermediates. The company sources and supplies generic formulations by outsourcing manufacturing facilities from domestic and international suppliers based on client requirements. Its products find applications across industries such as pharmaceuticals, paints, food, and adhesives. SPIL also supplies medicines and pharma formulations to hospitals, NGOs, government bodies, and healthcare institutions under its own brand, offering around 50 formulations in tablets, capsules, ointments, and injectables. With a strong sales and distribution network across five states, the company markets its products ethically in both Indian and international markets, while also offering formulation development, quality control, and customized pharma solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Sudarshan Pharma IPO Strength Factors
- Customer-focused, order-driven model.
- Wide product portfolio.
- Contract manufacturing capabilities.
- Strong distribution & sales network.
- Diversified operations.
Sudarshan Pharma IPO Risk Factors
NA
Sudarshan Pharma IPO Lead Manager(s)
- Gretex Corporate Services Limited
Sudarshan Pharma IPO Promoter(s)
- Mr. Hemal Vasantrai Mehta
- Mr. Sachin Vasantrai Mehta
Sudarshan Pharma IPO FAQs
Sudarshan Pharma Industries Limited IPO subscribed 1.06 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 12, 2025 8:11:44 AM (Day 12).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Sudarshan Pharma IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Sudarshan Pharma IPO FAQs
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