Zenith Drugs IPO
The initial public offering (IPO) of Zenith Drugs will open for subscription on February 19 and close on February 22, comprising fresh issues of Rs. 40.68 Cr. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on February 27, 2024.
#1. Quick Intro to Zenith Drugs
Zenith Drugs Limited (2000) is a pharmaceutical company specializing in manufacturing and trading high-quality, affordable medicines, including generic drugs.
The company portfolio includes; Ointments, Capsules, Liquid Externals, ORS powers, etc.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Zenith Drugs
The company intends to use the IPO Funds for the following purposes:
- Purchase of machinery and equipment for setting up a new unit.
- Existing manufacturing block upgradation.
- Working capital requirements.
- General corporate purposes.
#3. Zenith Drugs Core Strengths
- Experienced promoter and management team.
- Cost efficiency.
- Formulations and development.
- Regulatory compliance.
- Global Reach.
- Product portfolio.
- Supply chain efficiency.
- Scalable business model.
- Strong sales, marketing, and distribution capabilities.
#4. Zenith Drugs IPO Review & Rating
| Issue Size | Rs.40.68 Crore |
| Issue Price | Rs.75 to Rs.79 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (March 2023) | Rs.515.29 Lakh |
| ROE | 35.13 |
| ROCE | 37.29 |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Zenith Drugs IPO Dates, Price Band & Details
Zenith Drugs IPO will open on February 19, 2024, and close on February 22, 2024. The IPO is to be listed on February 27, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.40.68 Crore |
| Price Brand | Rs.75 to Rs.79 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 19, 2024 |
| IPO Close Date | February 22, 2024 |
| IPO Allotment Date | February 23, 2024 |
| Refund Date | February 26, 2024 |
| Share Credit Date | February 26, 2024 |
| Listing Date | February 27, 2024 |
#6. Zenith Drugs IPO Offer Details
Zenith Drugs IPO’s total issue size is 5,148,800. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 5,148,800 | 40.68 |
| Offer for Sale (OFS) | – | – |
#7. Zenith Drugs Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 11,569.65 | 9,266.63 | – |
| Net Worth | 1,724.42 | 1,209.09 | – |
| Profit | 515.29 | 312.86 | – |
| Total Borrowings | 2,605.03 | 1,880.86 | – |
#8. Zenith Drugs Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 128.83 | 78.46 | 75.73 |
| RoNW (%) | 29.88 | 25.96 | 33.84 |
| NAV (Rs.) | 431.10 | 302.27 | 223.82 |
#9. Zenith Drugs Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| Sudarshan Pharma Industries Limited | 19,170.00 | 13.07 | – |
| Sigachi Industries Limited | 9444.00 | 18.75 | – |
#10. Zenith Drugs Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Sandeep Bhardwaj |
| 02. | Bhupesh Soni |
| 03. | Ajay Singh Dassundi |
#11. Zenith Drugs Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 69.98 |
#12. Zenith Drugs IPO Reservation Details
Zenith Drugs IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not More than 50% of the issue size |
| Retail Share Offered | Not less than 35% of the issue size |
| NII (HNI) Shares Offered | Not less than 15% of the issue size |
#13. Zenith Drugs IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 126,400 |
| Retail (Max.) | 1 | 1600 | 126,400 |
| HNI (Min.) | 2 | 3,200 | 252,800 |
#14. Zenith Drugs IPO – Prospectus Copy
An investor can download/view the Zenith Drugs prospectus copy, which the company filed to exchange, details are as follows.
| Zenith Drugs IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Zenith Drugs IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-22-62638200
E-Mail: info@bigshareonline.com
Website: www.bigshareonline.com
#16. Zenith Drugs IPO Lead Manager
Gretex Corporate Services Limited
Phone No.: +91-9653249863
E-Mail: info@gretexgroup.com
Website: www.gretexgroup.com
#17. Zenith Drugs IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Zenith Drugs IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Zenith Drugs Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Zenith Drugs Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Zenith Drugs Company Details
Zenith Drugs Limited
Registered Office: K. No. 72/5, Village Muradpura, NA Depalpur, Indore-453001, Madhya Pradesh
Phone No: +91-8435501867
Email: info@zenithdrugs.com
Website: www.zenithdrugs.com
Investor Grievances/Compliance Officer: Sakshi Bhawsar
#19. Zenith Drugs Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Zenith Drugs Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Sandeep Bhardwaj |
| 02. | Bhupesh Soni |
Zenith Drugs IPO – Frequently Asked Questions (FAQs)
|
#1. What is a Zenith Drugs IPO? Zenith Drugs brings its IPO of Rs.40.68 Crore, on February 19, 2024, with a price band of Rs.75 to Rs.79 per share. |
|
#2. What is the Zenith Drugs IPO Open date? Zenith Drugs IPO’s opening date is February 19, 2024. |
|
#3. What is the Zenith Drugs IPO Close Date? Zenith Drugs IPO’s closing date is February 22, 2024. |
|
#4. What is the Zenith Drugs IPO Listing date? Zenith Drugs’s IPO listing date is February 27, 2024. |
|
#5. What is the Zenith Drugs IPO Minimum investment amount? Zenith Drugs IPO’s minimum investment amount is Rs. 126,400. |
|
#6. What is the Zenith Drugs IPO offer issue Size? Zenith Drugs offers an issue size of Rs.40.68 Crore. |
|
#7. What is the Zenith Drugs IPO Price Band? Zenith Drugs’s IPO price band is Rs.75 to Rs.79 per share. |
|
#8. Is Zenith Drugs IPO mainboard IPO or SME IPO? Zenith Drugs IPO is an SME IPO. |
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