Sudarshan Pharma Industries Limited IPO
(i) The Company was originally incorporated under the Companies Act, 1956 vide certificate of incorporation dated July 23, 2008, issued by the Registrar of Companies, Mumbai. Later in the year 2016, the name of the company was changed from ―Sudarshan Specialty Chemsolve Private Limited to ―Sudarshan Pharma Industries Private Limited under the Companies Act.
(ii) The company was promoted by Mr. Hemal V. Mehta & Mr. Sachin V. Mehta. The promoters have a combined experience of over 25 years in the Special Chemical, Bulk drug and Pharmaceutical Industry.
(iii) Core Business of the Company
The company deals in Specialty Chemicals, Intermediates & Active Pharmaceuticals Ingredients. They outsource the manufacturing facility, deal in Import and Exports, indenting and Supply in Specialty chemicals, API & it’s intermediate. They provide order and get them manufactured from various suppliers in India and abroad regularly. Specialty chemicals and Intermediates having wide application in pharma, paint, food and adhesive Industry.
The Pharma & Specialty Chemical business operations are supported by various manufacturers having facilities which are approved by the FDA, WHO and other relevant authorities.
They are also involved in Contract Manufacturing, outsource & Supply of Generic Pharma formulation and medicines to a healthcare institution, Government, NGO, and Hospital.
They operate both in domestic and international markets. Presently, they are supplying Active Pharmaceutical Ingredients (APIs), Intermediates Finished Dosage Formulations (FDFs) and Specialty Chemicals (SCs) in the domestic markets.
They have exported to countries like Uzbekistan, Bangladesh, Taiwan, Sultanate of Oman,(Muscat) Dubai, (UAE) & UK. Further, the company has a product pipeline ready for exports in countries likeSouth East Asia, Middle East & North Africa (MENA Region).
In domestic Pharmaceuticals markets, currently, they have a presence in 5 States and are servicing these states through a Supply Chain Network of Consignee Agents with their products range.
To develop the export business, they are in the process of applying for 16 formulation registrations in countries like Ghana, Georgia, Cambodia, Myanmar, Nigeria, Kenya, Malaysia & MINA region.
(v) Expansion Plans
The Management is planning for business expansion by having its own state of the art manufacturing facility at Wada, near Mumbai, Maharashtra. It shall comply with the FDA, WHO, and international standards to manufacture the pharmaceutical formulation and F & D facility. It also plans to develop distributor network & logistic facility in Mumbai, Delhi, Hyderabad, and Ahmedabad. This shall also support E-commerce and Online marketing of the company‘s products.
After this, they shall be equipped with ultra-modern facilities to execute all types of manufacturing activities from manufacturing of tablets, capsules, dry powder, liquids to R&D, QC & packaging, etc.
Some of our major clients for our pharmaceuticals and specialty chemicals include domestic as well as international customers like Suan Hong Trading Ltd- Taiwan, Muscat Pharmaceuticals Mfg. Co- Oman, Nikapharma- Uzbekistan, RemexBangladesh, Rose Chemicals Ltd- the UK to name a few
Objects of the Sudarshan Pharma Industries Limited IPO:
Sudarshan Pharma Industries Limited IPO Details:
|Open Date:||Jun 12 2019|
|Close Date:||Jun 24 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||25.80 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 72 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Jul 01 2019|
Financials of Sudarshan Pharma Industries Limited IPO:
Comparison With Peers:
Recommendation on Sudarshan Pharma Industries Limited IPO:
Lead Manager of Sudarshan Pharma Industries Limited IPO:
Bid Details of Sudarshan Pharma Industries Limited IPO as on
18-Jun-2019 13:10:00 IST
|Category||No.of shares offered||No. of shares bid|