Senores Pharmaceuticals IPO

Senores Pharmaceuticals Ltd

₹14,136 /38 sharesMinimum Investment

Senores Pharmaceuticals IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
20 Dec ‘24 - 24 Dec ‘24₹14,13638₹372 - ₹391
Issue SizeIPO Doc
582.11Cr
RHP PDF

Subscription rate

As of 23 Dec'24, 06:00 PM
Qualified Institutional Buyers0.35x
Non-Institutional Investor24.63x
Retail Individual Investor38.41x
Employees10.14x
Total13.93x

About Senores Pharmaceuticals

Senores Pharmaceuticals is a global pharmaceutical company focused on the development and manufacturing of pharmaceutical products, primarily for regulated markets in the United States, Canada, and the United Kingdom. The company operates across multiple therapeutic areas and dosage forms. Some of its commercialised products include Acetaminophen Butalbital, Acetaminophen Butalbital Caffeine, Chlorzoxazone, Diclofenac Potassium, Ketorolac, and Mexiletine Hydrochloride. Additionally, Senores Pharmaceuticals also sources specific products from other companies to meet the unique needs of its marketing partners and customers. The company also utilises its Atlanta facility to provide Contract Development and Manufacturing Organisation (CDMO) and Contract Manufacturing Organisation (CMO) services across the US, Canada, and the UK.;
Founded in
2017
Managing director
Mr. Swapnil Jatinbhai Shah
Parent organisation
Senores Pharmaceuticals Ltd

Strengths & Financials of Senores Pharmaceuticals

Strengths
Risks
Senores has a strong presence in emerging markets, with operations in 43 countries. The company focuses on regions such as Latin America, Africa, the Commonwealth of Independent States (CIS), Southeast Asia, and the Middle East.
The company claims to focus on quality and specialise in identifying complex molecules, resulting in a well-curated pipeline of products across various dosage forms and therapeutic areas. Senores has established partnerships in regulated markets, including the US, Canada, and the UK, with global and Indian pharmaceutical companies like Prasco LLC, Lannett Company Inc., Jubilant Cadista Pharmaceuticals Inc., Alkem Laboratories Ltd, Sun Pharmaceutical Industries Ltd, Dr Reddy’s Laboratories Inc., and Cipla USA Inc.
Senores markets its products in the US, Canada, and the UK through marketing and distribution agreements with pharmaceutical companies. As of September 30, 2024, the company received approvals for 19 ANDAs and has commercialised 21 products in the US and Canadian markets.
By September 30, 2024, Senores had launched 55 products across key therapeutic segments, including antibiotics, antibacterials, antifungals, and blood-related products. The company has a strong presence in hospitals across India, operating through distributor partnerships and direct arrangements with hospitals.
The Chhatral facility can produce four dosage forms: oral solids, oral liquids, injectables, and oral rehydration solutions (ORS). It has dedicated manufacturing areas for Cephalosporins and Beta-Lactam products.
The Chhatral facility is WHO-GMP approved and is ISO 9001:2015 certified for quality management systems in the development, manufacturing, testing, and marketing of Beta-Lactam oral dosage formulations.
The R&D laboratory at the Chhatral facility is equipped with advanced technology, including 13 high-performance liquid chromatography systems, seven stability chambers, and five auto-dissolution machines. At the Naroda facility, the R&D lab handles various chemical reactions like nitration, bromination, Friedel-Crafts, Grignard, hydrogenation, chlorination, esterification, and hydrolysis. It is equipped with one UV chamber, six fume hoods, and two high-performance liquid chromatography systems.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 14.17 crore in FY22 to Rs 35.34 crore in FY23 to Rs 214.52 crore in FY24. PAT increased from Rs 0.99 crore in FY22 to Rs 8.43 crore in FY23 to Rs 32.71 crore in FY24.

Senores Pharmaceuticals Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Senores Pharmaceuticals IPO

Apply asPrice bandApply upto
Regular372 - 391₹2 Lakh
Employee372 - 391₹2 Lakh
High Networth Individual372 - 391₹2 - 5 Lakh
For Senores Pharmaceuticals IPO, eligible investors can apply as Regular & Employee.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.6.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW