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SME IPO Status: Listed [31st Aug 2023 to 5th Sep 2023]
Saroja Pharama Industries India Limited is launching its IPO at NSE Emerge. This IPO application issue size is 9.11 Cr. You can apply in this IPO during the subscription period from 31 Aug to 05 Sept 2023. The face value of each share is Rs 10 and the issue price for this IPO is fixed at Rs 84 per share along with the minimum quantity of lot size 1600 shares or its multiples.
Keep visiting this website to get updated information about IPO details of Saroja Pharama Industries India Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 31st Aug 2023 |
| SME IPO Issue Closing Date: | 5th Sep 2023 |
| SME IPO Issue Price: | ₹84.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹9.11 Cr |
| Fresh Issue: | ₹9.11 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.02% |
| Allotment Status: | Allotment Status |
| NSE Code: | SAROJA |
Get important updates regarding Saroja Pharma Industries 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* | 8th Sep 2023 |
| Refunds Initiation* | 11th Sep 2023 |
| Credit of Shares to Demat* | 12th Sep 2023 |
| SME IPO Listing Date* | 13th Sep 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹84.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹134400 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 13-09-2023 | 84.00 | 0 | -- | ₹84 (0%) | 13-Sep-2023 10:27 |
**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.
Saroja Pharma Industries India Limited was founded in the year 2019 by Mr. Biju Gopinath Nair and Mr. Manish Dasharath Kamble. The company was established with an aim to provide the best service in chemical trading with the best premium pharmaceutical companies in India and abroad for cost effective human and veterinary medicine. The company deals in active pharmaceutical ingredients, pharmaceutical intermediates, chemicals and solvents used for human and veterinary medical products.
Since its inception, Saroja Pharma Industries India Limited has significantly expanded its customer base over the past two years. This growth has led the company to enter into Active Pharmaceutical Ingredient (API) manufacturing, which is in line with its vision to make cost-effective contributions to human and veterinary medicine. The customer base has expanded significantly over the past two years since inception, which has led the company to enter into active pharmaceutical ingredient (API) manufacturing, consistent with its vision to make cost-effective contributions to human and veterinary medicine.
Saroja majorly trade in the following segments of pharmaceuticals raw materials:
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Pharmaceutical Industry | ₹9.11 Cr | https://www.sarojapharma.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Set-up a Manufacturing Unit.
2. To Repay the Unsecured Loans.
3. Public Issue Expenses.
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 515,200 (50%) | 515,200 (50%) | 1,030,400 | |
| 1 | 31st Aug 2023 19:31 | 0.11x | 1.58x | 0.79x |
| 2 | 1st Sep 2023 19:32 | 0.49x | 3.75x | 2.12x |
| 3 | 4th Sep 2023 19:31 | 1.14x | 7.62x | 4.39x |
| 4 | 5th Sep 2023 19:31 | 2.90x | 14.83x | 8.88x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 822.39 | 1,551.19 | 2,133.99 |
| Revenue | 3,674.67 | 5,595.67 | 5,035.09 |
| Profit After Tax | 73.13 | 114.01 | 106.06 |
| Net Worth | 93.59 | 402.60 | 508.66 |
| Reserves and Surplus | 92.59 | 380.02 | 215.09 |
| Total Borrowing | 301.77 | 613.88 | 1,018.86 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Saroja Pharma Industries India Limited | 3.61 | 3.61 | 17.33 | 23.27 | 20.85 | |
| NGL Fine Chem Limited | 84.57 | 84.57 | 334.35 | 23.15 | 25.29 | |
| Sequent Scientific Limited | 0.6 | 0.6 | 41.92 | 223 | 1.42 |
Last Updated on 17-Sep-2023 06:02:51
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 Saroja Pharma Industries 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 Saroja Pharma Industries SME IPO with Zerodha.
Alternate approch to apply in Saroja Pharma Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Saroja Pharma Industries SME IPO Review and Important Updates
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To subscribe or apply in Saroja Pharma Industries SME IPO, you can use the following methods:
| Saroja Pharma Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Saroja Pharma Industries SME IPO directly with your brokers website. Example HDFC Securities, 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 Saroja Pharma Industries 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 Saroja Pharma Industries SME IPO. Most of the Syndicate Banks provide access to apply in Saroja Pharma Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Saroja Pharma Industries 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 Saroja Pharma Industries 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. |
Saroja Pharma Industries SME IPO Review and Important Updates
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Saroja Pharma Industries SME IPO is going to be list on 13-09-2023. NSE Code for Saroja Pharma Industries is SAROJA.
Other relevant questions:
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Saroja Pharma Industries SME IPO Allotment Date is 08-09-2023.
Other relevant questions:
Saroja Pharma Industries SME IPO share allotment date?Saroja Pharma Industries SME IPO allotment date?
