Business Standard

Sotac Pharmaceuticals Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

33.30 cr

Price Range (₹)

111

Lot Size

1200

Min Investment (₹)

1,33,200.00

Listing Exchange

NSE - SME

Open Date

29-Mar-2023

Close Date

03-Apr-2023

Listing Date

13-Apr-2023

Sotac Pharmaceuticals Ltd News

    The Shares of Sotac Pharmaceuticals Ltd have now been listed.

    Sotac Pharmaceuticals Ltd IPO Details

    Initial public issue of 3000000 equity shares of face value of Rs. 10/- each of Sotac Pharmaceuticals Limited (SPL or the Company or the Issuer) for cash at a price of Rs. 111/- per equity share including a share premium of Rs. 101/- per equity share (the Issue Price) aggregating to Rs. 33.30 crores (The Issue), of which 150000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 111/- per equity share including a share premium of Rs. 101/- per equity share aggregating to Rs. 1.67 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 2850000 equity shares of face value of Rs. 10/- each at a price of Rs. 111/- per equity share including a share premium of Rs. 101/- per equity share aggregating to Rs. 31.63 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.15% and 25.79%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.

    Objective of issue

    To meet working capital requirements. Investment in subsidiary. Upgradation/construction of existing /new building in the existing premises. General corporate purposes.

    Sotac Pharmaceuticals Ltd Contact Details

    Sotac Pharmaceuticals Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - compliance@sotacpharma.com

    Website - www.sotacpharma.com