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IPO

IPO Details


Sotac Pharmaceuticals Ltd
Registered Office: Plot No PF-21 Nr ACME Pharma, Opp Teva Pharma Sanand GIDC-II, Ahmedabad - 382110, Gujarat
Phone: 91-90819 93300
Email: compliance@sotacpharma.com
Website: www.sotacpharma.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
29-Mar-2023 03-Apr-2023 ₹ 111.00 ₹ 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(₹)Cr. Lead Managers to the Issue
Project Cost 31.10 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 33.30
Post Issue Equity Share Capital 11.05
Issue Price ₹111.00
Projects
To meet working capital requirements
Investment in subsidiary
Upgradation/construction of existing /new building in the existing premises
General corporate purposes
Promoted By
Sharadkumar Dashrathbhai Patel
Dineshkumar Babulal Gelot
Vishalkumar Devrajbhai Patel
Listing At
NSE - SME
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

83,410.68 225.88 (0.27%)

Nifty

25,525.95 110.15 (0.43%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

18,013.98 440.68 (2.51%)

HANG SENG

18013.16 353.14(2.00%)