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SME IPO Status: Listed [19th Feb 2024 to 22nd Feb 2024]
Zenith Drugs IPO, a SME IPO of ₹40.68 Cr was launced on 19-02-2024 to 22-02-2024 and the shares got listed on NSE SME on 27-02-2024.
The public issue of Zenith Drugs IPO (ZENITHDRUG) was offered at ₹79.00 per share and the ipo was listed at ₹110.00. It has delivered listing gain of 39.24%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 49600 per lot return on listing.
| SME IPO Issue Opening Date: | 19th Feb 2024 |
| SME IPO Issue Closing Date: | 22nd Feb 2024 |
| SME IPO Issue Price: | ₹75.00-79.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹40.68 Cr |
| Fresh Issue: | ₹40.68 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 69.98% |
| Allotment Status: | Allotment Status |
| NSE Code: | ZENITHDRUG |
Get important updates regarding Zenith Drugs SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 23rd Feb 2024 |
| Refunds Initiation* | 26th Feb 2024 |
| Credit of Shares to Demat* | 26th Feb 2024 |
| SME IPO Listing Date* | 27th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹75.00-79.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹126400 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-02-2024 | 79.00 | 35 | 42600 | ₹114 (44.3%) | 27-Feb-2024 9:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Zenith Drugs Limited is a pharmaceutical manufacturing and trading company located in Indore and incorporated in 2000. The company has a manufacturing facility that ensures the highest quality standards in the manufacture of pharmaceuticals. Zenith Drugs specializes in manufacturing high-quality and affordable medicines to help patients in need, including cost-effective generic drugs. Since its inception, the company has focused on building a strong foundation and laying the groundwork for its future growth and success.
The company's primary goal is to provide better services in the field of medicine and to be a leading premium pharmaceutical company in India and abroad for cost-effective human medicine. The company always focuses on its core competencies and strategies centred on technology and excellence. With a passion for setting high standards of service, the company has always taken all measures to expand as and when required, only to deliver the best.
Zenith Drugs offers a wide range of formulations in various forms, such as ORS powder, liquid tablets, ointments, liquid externals, and capsules. In 2016, the company achieved another significant milestone with the construction of its current production facility, which proudly holds WHO GMP certification. This state-of-the-art facility is equipped with advanced technologies and processes to meet the highest quality standards in pharmaceutical production. Through the dedication and efforts of the team, Zenith Drugs consistently delivers safe, effective, and reliable medicines to its customers. In 2019, the company expanded its product line by introducing liquid externals and capsules, further widening its portfolio.
| Incorporation | Sector | IPO Issue Size | Website |
| 2000 | Pharmaceuticals | ₹40.68 Cr | https://zenithdrugs.com/ |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 859,200 (28.56%) | 644,800 (21.44%) | 1,504,000 (50%) | 3,008,000 | |
| 1 | 19th Feb 2024 19:31 | 0.00x | 0.99x | 3.42x | 1.92x |
| 2 | 20th Feb 2024 19:32 | 3.53x | 2.50x | 9.41x | 6.25x |
| 3 | 21st Feb 2024 19:32 | 3.54x | 7.98x | 19.42x | 12.43x |
| 4 | 22nd Feb 2024 18:23 | 106.72x | 368.77x | 139.28x | 179.18x |
Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11,249.04 | 9,793.83 | 6,858.47 |
| Revenue | 6,948.43 | 11,569.65 | 9,266.63 |
| Profit After Tax | 539.38 | 515.29 | 312.86 |
| Net Worth | 2,264.96 | 1,724.42 | 1,209.09 |
| Reserves and Surplus | 1,064.96 | 1,684.42 | 1,169.09 |
| Total Borrowing | 2,902.81 | 2,605.03 | 1,880.86 |
| Amount in ₹ Lakhs | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Zenith Drugs Limited | 4.29 | 4.29 | 14.37 | 18.4 | 29.88 | Consolidated |
| Sudarshan Pharma Industries Ltd | 5.48 | 5.48 | 41.11 | 13.07 | Standalone | |
| Sigachi Industries Limited | 13.52 | 13.52 | 28.64 | 18.75 | Standalone |
Last Updated on 02-Mar-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Zenith Drugs SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Zenith Drugs SME IPO with Zerodha.
Alternate approch to apply in Zenith Drugs SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Zenith Drugs SME IPO Review and Important Updates
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To subscribe or apply in Zenith Drugs SME IPO, you can use the following methods:
| Zenith Drugs SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Zenith Drugs SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Zenith Drugs SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Zenith Drugs SME IPO. Most of the Syndicate Banks provide access to apply in Zenith Drugs IPO via ASBA process. You must have your net banking access, DP ID information to apply in Zenith Drugs SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Zenith Drugs SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Zenith Drugs SME IPO Review and Important Updates
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Zenith Drugs SME IPO is going to be list on 27-02-2024. NSE Code for Zenith Drugs is ZENITHDRUG.
Other relevant questions:
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Zenith Drugs SME IPO Allotment Date is 23-02-2024.
Other relevant questions:
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