Sudarshan Pharma IPO subscription status started on Wednesday March 9, 2023 and will close on March 14, 2023. Sudarshan Pharma IPO to raise around ₹50.10 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹71 to ₹73 per equity share.
The Sudarshan Pharma IPO minimum market lot is 1600 shares with ₹116,800 application amount. The IPO to list on BSE.
Sudarshan Pharma Industries Limited (SPIL) diversified its business in specialty chemicals and intermediates with wide-range applications in the pharma, paint, food, and adhesive Industry. They have a presence in the domestic market as well as in international markets. They export their products to the UK, Australia, Uzbekistan, Syria, Oman, Taiwan, & MENA Regions.
IPOWatch View
We recommend investors may apply an IPO with Caution (Risky) Investors should also look at the NII, and Retail numbers before investing.
Sudarshan Pharma IPO Subscription Status
| Category | Day 2 | Day 3 | Day 4 |
| QIB | 0.00 | 0.00 | 1.01 |
| NII | 0.38 | 0.58 | 0.81 |
| RII | 0.67 | 0.88 | 1.19 |
| Total | 0.52 | 0.71 | 1.05 |
Sudarshan Pharma IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Sudarshan Pharma IPO Review
- Avoid / Risky
Sudarshan Pharma IPO Date & Price Band
| IPO Open: | March 9, 2023 |
| IPO Close: | March 14, 2023 |
| IPO Size: | Approx ₹50.10 Crores, 6,862,400 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹71 to ₹73 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Sudarshan Pharma IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹116,800 |
| Retail Maximum | 1 | 1600 | ₹116,800 |
| S-HNI Minimum | 2 | 3200 | ₹233,600 |
Sudarshan Pharma IPO Subscription Dates
| IPO Open Date: | March 9, 2023 |
| IPO Close Date: | March 14, 2023 |
| Basis of Allotment: | March 17, 2023 |
| Refunds: | March 20, 2023 |
| Credit to Demat Account: | March 21, 2023 |
| IPO Listing Date: | March 22, 2023 |
Sudarshan Pharma IPO Form
How to apply for the Sudarshan Pharma IPO? You can apply for Sudarshan 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 Sudarshan Pharma IPO in the Invest section. The other option is you can apply for Sudarshan Pharma IPO via IPO forms downloaded via BSE. Check out the Sudarshan Pharma forms – Click BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
