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Sudarshan Pharma Industries Limited IPO (Sudarshan Pharma IPO) Detail

Jun 12, 2019 - Jun 21, 2019

Incorporated in 2008, Mumbai based Sudarshan Pharma Industries Limited (SPIL) has a contract manufacturing facility to source and supply generic formulations. It is also engaged in import & export activities, and supply of specialty chemicals, API (Active Pharmaceutical Ingredients), and Intermediates. Based on clients' specifications and requirements, they outsource the manufacturing facility from the suppliers in India and abroad.

The generic products supplied by the company have a wide application in paint, food, pharma, and adhesive industry. The company is involved in a contract manufacturing facility, supply and outsource of medicines and pharma formulation to hospitals, NGO, government and healthcare institutes. SPIL has 50 pharma formulations which are supplied under the brand name in the form of tablets, ointment, capsules, and injectable.

The company has its own sales force and distribution network in 5 states for ethical marketing of pharmaceutical formulation & products under the brand name in Indian and international markets. It also offers formulation development and QC services and provides customised solutions.

The competitive strengths of the company are:

1. Customer-centric and order driven business model
2. Wide range of product offerings
3. Contract manufacturing facility arrangements
4. Strong distribution, marketing and sales network
5. Diversified business operations

Company Promoters:

Mr. Hemal V. Mehta and Mr. Sachin V. Mehta are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 5,013.72 3,096.37 1,992.93 827.24
Total Revenue 14,001.96 8,976.43 5,551.72 3,794.33
Profit After Tax 234.79 73.98 15.63 9.27

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

1) To set up a dedicated manufacturing facility for Pharmaceutical Business;
2) Distribution and Warehousing Centre's & Purchase of Corporate Office;
3) Additional Working Capital;
4) General Corporate Expenses; and
5) To meet the expenses of the Issue.

Sudarshan Pharma IPO Details

Issue OpenJun 12, 2019 - Jun 21, 2019
Issue TypeFixed Price Issue IPO
Issue Size3,440,000 Eq Shares of Rs 10
(aggregating up to Rs 24.77 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 72 Per Equity Share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME

Sudarshan Pharma IPO Tentative Date / Timetable

Bid/Offer Opens OnJun 12, 2019
Bid/Offer Closes OnJun 21, 2019
Finalisation of Basis of AllotmentJun 20, 2019
Initiation of RefundsJun 21, 2019
Credit of Shares to Demat Acct:Jun 24, 2019
IPO Shares Listing Date:Jun 25, 2019

Sudarshan Pharma IPO Promoter Holding

Pre Issue Share Holding89.29%
Post Issue Share Holding65.63%

IPO Notices

External Link

Withdrawal of initial public offer by Sudarshan Pharma Industries Limited

Date: 24 June 2019

The Company has decided to withdraw the application made for SME IPO on NSE Platform due to material changes in the current business model and future expansion plan. The entire application money will be refunded forthwith.

Sudarshan Pharma IPO Subscription Status (Bidding Detail)

Sudarshan Pharma IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,632,000

1,632,000

3,264,000

Jun 21, 2019 18:00

0.17x

0.77x

0.47x

Sudarshan Pharma IPO Prospectus

Sudarshan Pharma IPO Rating

112
3.6
Rating:Rated 3.6 stars

Vote Here ...

Company Contact Information

Sudarshan Pharma Industries Limited
301, 3rd Floor, Aura Biplex,
Above Kalyan Jewellers, S V Road,
Borivali (West), Mumbai - 400 092,

Phone: +91 22 242221111
Email: compliance.spil@gmail.com
Website: http://www.sudarshanpharma.com/

Sudarshan Pharma IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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Sudarshan Pharma IPO Review / Comments

MR. KUMAR
40. MR. KUMAR  Jun 23, 2019 13:58 I Like It. | Report Abuse Reply
Thumb rule of making more money in ipo is one and only subscriptions .If overall subscriptions is more than 20 times then 100 percent good listing gain happens whether company is good or bad. e.g - E2E NETWORK, MAHICKRA, DANGEE DUMS, D P ABHUSHAN .So if subscriptions is less then 20 times then there will be a big risk.
Satishsg
39. Satishsg  Jun 18, 2019 18:34 I Like It. 2 | Report Abuse Reply
Sudarshan Pharma is into the Forward Integration from chemical to Finished Formulation and the company is growing up so fast, also I had visited Sudarshan Pharma official website so I suggest to purchased IPO LOTS.
papon
39.1. papon  Jun 20, 2019 10:27 I Like It. 1 | Report Abuse
Company has so much demand for their products but no demand for their shares. So ipo need to be extended. So sad
MR. KUMAR
39.2. MR. KUMAR  Jun 22, 2019 12:58 I Like It. | Report Abuse
Who are you to suggested?? Are you a researcher???
Purvi Lakhani
38. Purvi Lakhani  Jun 18, 2019 18:56 I Like It. 1 | Report Abuse Reply
Sudarshan pharma is fastest growing company (as per profit and Revenue) hence I suggest to everyone for subscription of Sudarshan pharma IPO.
MR. KUMAR
38.4. MR. KUMAR  Jun 20, 2019 11:25 I Like It. | Report Abuse
This is your first post , are you a company promoters???
Small Investor
38.5. Small Investor  Jun 21, 2019 11:09 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
# Purvi your Company IPO is Flop Show
Shivani dubey
37. Shivani dubey  Jun 21, 2019 07:36 I Like It. | Report Abuse Reply
If everything seems under control, you are not going fast enough.... Let the people take their call.... Champions keep playing until they get it right..... If you can't say good,dont say bad...
Sunil Shivaji Murkute
36. Sunil Shivaji Murkute  Jun 18, 2019 17:38 I Like It. 1 | Report Abuse Reply
Company product are good and company customer base is strong, products drive is the company and customer loyalty key to success,so I have purchase few lots.
papon
36.1. papon  Jun 20, 2019 10:16 I Like It. 1 | Report Abuse
Many company agents bids got rejected in earlier issues. Kindly check if your bid is ok or else you will not get allotment & you will be in depression
MR. KUMAR
35. MR. KUMAR  Jun 19, 2019 15:55 I Like It. | Report Abuse Reply
Avoid all sme and invest your money in mutual funds and get 20 percent return.
MR. KUMAR
34. MR. KUMAR  Jun 19, 2019 15:53 I Like It. | Report Abuse Reply
See the conditions of Par drugs.
MR. KUMAR
33. MR. KUMAR  Jun 19, 2019 15:52 I Like It. | Report Abuse Reply
Don't apply in Sudarshan pharma. It's fair price is RS 40 .So if you apply you will be in heavy loss.
Small Investor
32. Small Investor  Jun 19, 2019 10:54 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
There are Company's Agent coming to promote Company
keep away
Dilip Davda
31. Dilip Davda  Jun 17, 2019 20:21 I Like It. 3 | Report Abuse Reply
Due to heavy under subscription, Issue stands extended till 24th June 2019. Company has also reduced the price to Rs. 72 per share from Rs. 75 per share, still valuation is very much on the higher side. My conclusion remains the same despite price reduction. - Simply Avoid.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

GrowYourMoney
30. GrowYourMoney  Jun 17, 2019 17:01 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
extended till 24th June
GrowYourMoney
29. GrowYourMoney  Jun 17, 2019 15:52 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
10 Mins to go (HNI Subscription)

still

0.42X

seems extension or withdrawal on cards


GrowYourMoney
28. GrowYourMoney  Jun 17, 2019 15:34 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
some guys were very positive on this co

but it seems

they haven't invested

still under subscribed (HNI few min away)
KING VINOD
27. KING VINOD  Jun 17, 2019 15:20 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
Clearly Avoid
Hiteshji
26. Hiteshji  Jun 16, 2019 14:46 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Completely avoid sme now days. Look for better company and batter valuations.
Aviralguptak
25. Aviralguptak  Jun 15, 2019 18:34 I Like It. 2 | Report Abuse Reply
They priced in 55 rs but later they changed to 75 rs.look at greed of merchant banker.lets skip it completely
At least other issue like Evans gk
Price at very low pe. They are pricing at even higher than its big company in main board. Shame
Aviralguptak
24. Aviralguptak  Jun 15, 2019 10:41 I Like It. 1 | Report Abuse Reply
First overseas last 15 issues almost 11 issues are down between 50 to 80 pc of issue price. Retailer please save your money. Please donate to orphanage rather than giving money to these lootera LM and such overvaluated asking greedy LM and companies. Request you to check the greed of the company and merchant banker asking for 40 pe. Please save unheard earn money and don't fall in their trap of a0plication applied and will be withdrawn on last day
Small Investor
24.1. Small Investor  Jun 15, 2019 11:38 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Promoters rs 10 ka shares 75 m sell kr rha ,vese LM bhi kisi kam ka nhi h,mostly stock are trading in huge discount and few only above issue price jo risk leta ho wo isme Apply kr sakta h and but i do't risk i skip this
avoid avoid
Aviralguptak
23. Aviralguptak  Jun 15, 2019 08:48 I Like It. 1 | Report Abuse Reply
Please do not apply
There are Farzi bids made by company and its employee and relative which will be cancelled at last day
Please save your hard earn money. It has come up with very high price and first overseas its Im is anyway lootera. It priced first at 55 rs and then increased to 75. It does not deserve price of more than 40 rs
Coming up with 30 crore issue with 40 pe is anyway crime. Don't let these lootera take away your money
Aviralguptak
22. Aviralguptak  Jun 15, 2019 01:56 I Like It. | Report Abuse Reply
Instead of applying in these companies let us all those in this group float a company and come with our own lpo sme. It is a guarantee money return which we all can share with no risk at all
This is what govt/exchange are doing giving hard earn money of innocent retailer to these companies. There should always been some control of exchange to get quality s rips only rather than anyone can come. Let us all join hands not to apply in any new issues. We should all come up with our own loo which is very easy nowdays
Sundaram Badholiya
21. Sundaram Badholiya  Jun 14, 2019 03:21 I Like It. 2 | Report Abuse Reply
Wanna buy some shares.



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