Business Standard

Zenith Drugs Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

40.68 cr

Price Range (₹)

79

Lot Size

1600

Min Investment (₹)

1,26,400.00

Listing Exchange

NSE - SME

Open Date

19-Feb-2024

Close Date

22-Feb-2024

Listing Date

27-Feb-2024

Zenith Drugs Ltd News

    Zenith Drugs Ltd IPO Details

    Initial public offer of 51,48,800* equity shares of face value of Rs. 10.00 each (Equity Shares) of Zenith Drugs Limited (the Company or the Issuer) for cash at a price of Rs. 79.00 per equity share including a share premium of Rs. 69.00 per equity share (the Issue Price) aggregating to Rs. 40.68 crores (The Issue). The issue includes a reservation of 8,52,800 equity shares aggregating to Rs. 6.74 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 42,96,000 equity shares aggregating to Rs. 33.94 crores (the Net Issue). The issue and the net issue constitute 30.02 % and 25.05 % respectively of the post issue paidup equity share capital of the company. Face value of equity shares is Rs. 10.00 each and the issue price is 7.9 times of the face value. Bid was made for minimum of 1,600 equity shares and the multiples of 1,600 equity shares thereafter*Subject to finalization of basis of allotment

    Objective of issue

    Purchase of Machinery & Equipments for Setting up new unit. Existing manufacturing block upgradation. Working capital requirements. General corporate purposes.

    Zenith Drugs Ltd Contact Details

    Zenith Drugs Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@zenithdrugs.com

    Website - www.zenithdrugs.com