Vijaypd Ceutical Limited IPO

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Vijaypd Ceutical Limited, originally established in 1971, is a leading distributor and supplier in the pharmaceutical and consumer goods sectors. The company was converted into a public limited company in 2024 and now provides a broad range of healthcare products across India. It is involved in the distribution of medicines, wellness products, and FMCG items to both B2B and B2C customers.

Business Operations

Vijaypd Ceutical Limited operates in the pharmaceutical distribution industry, offering a comprehensive portfolio of products including injections, tablets, capsules, ointments, suppositories, vitamins, hormones, wellness tonics, serums, diagnostic kits, and more. The company also provides personal care products, ayurvedic items, cosmetics, and food products. With a customer base spanning over 2,100 pharmacies, clinics, and nursing homes, the company delivers products across Mumbai, Ratnagiri, Aurangabad, and Akola.

Manufacturing and Logistics

The company maintains three distribution warehouses across Mumbai, ensuring timely delivery to its customers. Its logistics operations are supported by a strong last-mile delivery infrastructure and a direct connection with over 170 healthcare product manufacturers, providing access to over 19,000 SKUs. The company uses advanced technology for inventory management and has a robust system for managing cold-chain logistics, ensuring the safety and quality of sensitive pharmaceutical products.

Expansion Plans

The company is looking to expand its operations further by diversifying into the manufacturing of Active Pharmaceutical Ingredients (APIs) and excipients. This move is aimed at enhancing the company’s ability to provide high-quality raw materials for pharmaceutical formulations and improve the stability and bioavailability of drug formulations.

Competitive Strengths

i) Strong Customer Relationships: Vijaypd Ceutical Limited has long-standing relationships with its clients, ensuring a steady revenue stream.
ii) Comprehensive Product Portfolio: The company offers a wide range of products across various pharmaceutical and consumer goods sectors.
iii) Experienced Management Team: The leadership team’s expertise in the pharmaceutical industry has been critical in the company’s growth and success.
iv) Efficient Supply Chain Management: With streamlined logistics and inventory management systems, the company delivers products in a timely and cost-efficient manner.

Objects of the Vijaypd Ceutical Limited IPO:

Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Funding capital expenditure for constructing a Pharmaceutical API/Intermediates and Chemicals manufacturing plant and purchasing machinery in MIDC – Shrirampur, Ahmednagar, Maharashtra (₹10.82 cr) 2. Repayment/prepayment of certain of borrowings (₹5.10 cr) 3. General corporate purposes (₹0.74 cr)

Vijaypd Ceutical Limited IPO Details:

Open Date: Sep 29 2025
Close Date: Oct 01 2025
Total Shares: 55,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price
Issue Size: 19.25 Cr.
Lot Size: 4000 Shares
Issue Price: ₹ 35 Per Equity Share
Listing At: NSE Emerge
Listing Date: Oct 07 2025

Promoters And Management:

1. Samit Madhukar Shah, Chairman & Managing Director, holds an MBA in Business Finance from the University of Lincolnshire & Humberside (2000) and has over 24 years of industry experience. He oversees strategic goal-setting, operations, and expansion. 2. Bhavin Dhirendra Shah, Whole-Time Director, holds a Bachelor's in Commerce from the University of Mumbai (2005) and brings 19 years of experience. He focuses on the company’s long-term vision, mission, and the efficient implementation of its distribution network and operations. 3. Rahul Jitendra Shah, Whole-Time Director, holds a Master's in Commerce from the University of Mumbai (2005) and has 24 years of experience. He manages delivery and dispatch coordination, tracking shipments, and inventory maintenance.

Financials of Vijaypd Ceutical Limited IPO:

Particulars FY 2024-25 FY 2023-2024 ] FY 2022-2023 '
Revenue from Operations (Cr) 106.81 54.32 48.76
EBITDA (Cr) 8.59 4.86 1.31
EBITDA Margins 8.04% 8.96% 2.70%
PAT (Cr) 4.79 1.65 0.18
PAT Margins 4.49% 3.04% 0.37%
ROCE 17.30% 14.61% 8.90%
Debt to Equity Ratio(In Times) 0.68 30.03 5.18
Operating Cash Flows (Cr) -7.88 2.92 0.3

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Vijaypd Ceutical Limited 106.81 8.04% 4.49% 17.30% 0.68 68.35 14.27
MedPlus Health Services Limited 6136 8% 2.44% 10.30% 0.64 9,061 53.8
Entero Healthcare Solutions Limited 5096 3% 2.10% 8.71% 0.22 4,802 46.9

Lead Manager of Vijaypd Ceutical Limited IPO:

  1. Smart Horizon Capital Advisors Private Limited

Registrar of Vijaypd Ceutical Limited IPO:

  1. Kfin Technology Private Limited

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