Saroja Pharma IPO Date, Review, Price, Allotment Details

Vijay Prajapati
September 13, 2023

Vijay Prajapati

Saroja Pharma IPO Details: Saroja Pharma IPO date is fixed, The IPO will open on August 31 and will close on September 5. Saroja Pharma is an NSE SME IPO to raise ₹9.11 crores via IPO. The Saroja Pharma IPO price band is fixed at ₹84 with a market lot of 1600 shares.

Saroja Pharma Industries was incorporated with the objective of the best service deliverance in chemical trading with the best premium pharmaceutical companies in India and abroad for cost-effective human and veterinary medicine. The Company trades in Pharma API, Pharma Intermediates, Chemicals, and Solvents used for pharmaceutical products and human and veterinary medicine. The Company was formed with a mission being providing clientele with specification based approved products at competitive pricing with hassle-free dispatch within India or aboard contributing to cost effectiveness in end products for human and veterinary medicine.

They are into Active Pharmaceuticals Ingredients, Specialty Chemicals, Intermediates for Pharma trading. They are also into specialty chemicals imports & exports as well as supply of the same to the actual users. As per the clients needs and requirements, they provide customized specialty chemicals in India and abroad regularly. Saroja Pharma Specialty chemicals & its intermediates have wide application in sectors like pharma, agro & chemicals for human and veterinary.

Since its inception, Saroja Pharma Industries India Limited has witnessed a substantial expansion in its clientele base over the past two years. This growth has propelled the company to venture into the manufacturing of API Pharma products, for veterinary use. By broadening its product portfolio, Saroja Pharma Industries India Limited aims to provide a comprehensive range of pharmaceutical solutions that cater to the diverse needs of its expanding customer base. This strategic move not only enhances the company’s value proposition but also reinforces its commitment to delivering affordable healthcare solutions globally.

Objects of the Issue:

To Set-up a Manufacturing Unit.
To Repay the Unsecured Loans.
Public Issue Expenses.

Saroja Pharma IPO Review

Avoid

Saroja Pharma IPO Date & Price Band Details

IPO Open:	August 31, 2023
IPO Close:	September 5, 2023
IPO Size:	Approx ₹9.11 Crores, 1,084,800 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹84 Per Equity Share
IPO Listing on:	NSE SME
Retail Quota:	50% of the net offer
NII Quota:	50% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

Saroja Pharma IPO Market Lot

The Saroja Pharma IPO minimum market lot is 1600 shares with a ₹134,400 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	1600	₹134,400
Retail Maximum	1	1600	₹134,400
S-HNI Minimum	2	3200	₹268,800

Saroja Pharma IPO Dates

The Saroja Pharma IPO date is August 31 and the IPO close date is September 5. The IPO allotment date is September 8 and the IPO might list on September 13.

IPO Open Date:	August 31, 2023
IPO Close Date:	September 5, 2023
Basis of Allotment:	September 8, 2023
Refunds:	September 11, 2023
Credit to Demat Account:	September 12, 2023
IPO Listing Date:	September 13, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Saroja Pharma IPO Form

How to apply Saroja Pharma IPO? You can apply Saroja Pharma IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Saroja Pharma IPO in the Invest section. The other option you can apply Saroja Pharma IPO via IPO forms download via the NSE website. Check out the Saroja Pharma forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Saroja Pharma Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2021	₹36.75	₹35.71	₹0.73
2022	₹55.96	₹54.38	₹1.14
2023	₹50.35	₹48.86	₹1.06

Saroja Pharma IPO Valuation – FY2023

Check Saroja Pharma IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹3.61 per Equity Share
Price/Earning P/E Ratio:	3.61
Return on Net Worth (RoNW):	20.85%
Net Asset Value (NAV):	₹17.33 per Equity Share

Peer Group

NGL Fine Chem Limited
Sequent Scientific Limited

Company Promoters

Mr. Biju Gopinathan Nair
Mr. Manish Dasharath Kamble

Saroja Pharma IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/

Saroja Pharma IPO Allotment Status

Check Saroja Pharma IPO allotment status on Kfin Technologies website URL. Click Her

Saroja Pharma IPO Lead Managers aka Merchant Bankers

Swastika Investmart Ltd

Company Address

Saroja Pharma Industries India Limited
305, Kailash Tower, Shiv Shristi Complex,
Goregaon Link Road, Mulund West,
Mumbai (MH) – 400080
Phone: +91 (022) 2081 0011
Email: [email protected]
Website: https://www.sarojapharma.com/

Saroja Pharma IPO FAQs

What is Saroja Pharma IPO?

Saroja Pharma IPO is an NSE SME IPO. They are going to raise ₹9.11 Crores via IPO. The issue is priced at ₹84 per equity share. The IPO is to be listed on NSE.

When Saroja Pharma IPO will open?

The IPO is to open on August 31, 2023 for QIB, NII, and Retail Investors.

What is Saroja Pharma IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the Saroja Pharma IPO?

You can apply Saroja Pharma IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Saroja Pharma IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Saroja Pharma”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Saroja Pharma IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Saroja Pharma”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Saroja Pharma IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Saroja Pharma”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Saroja Pharma IPO Size?

Saroja Pharma IPO size is ₹9.11 crores.

What is Saroja Pharma IPO Price Band?

Saroja Pharma IPO Price Band is ₹84 per equity share.

What is Saroja Pharma IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹134,400.

What is Saroja Pharma IPO Allotment Date?

Saroja Pharma IPO allotment date is September 8, 2023.

What is Saroja Pharma IPO Listing Date?

Saroja Pharma IPO listing date is September 13, 2023. The IPO to list on NSE SME.

Note: The Saroja Pharma IPO details are announced officially. The IPO grey market premium (Saroja Pharma IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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