Zenith Drugs IPO

Zenith Drugs Limited

₹1,20,000 /1600 sharesMinimum Investment

Zenith Drugs IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹79.00₹110.00₹31.00 (39.24%)

Zenith Drugs IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Feb ‘24 - 22 Feb ‘24₹1,20,0001,600₹75 - ₹79
Issue SizeIPO Doc
40.68Cr
RHP PDF

About the company

Zenith Drugs Limited is a pharmaceutical manufacturing and trading company based in Indore. The company produces medicines, including generics. Some of its products include ORS powder, liquid orals, ointments, liquid externals and capsules. Currently, the company has FDA approval of over 600 products from Food & Drugs Administration. Out of these, it manufactures 325 products regularly. As per the company, it adheres to WHO-GMP guidelines and has received the ISO 9001:2015 certification (Euro-UK Certification body).;
Founded in
2000
Managing director
Mr. Sandeep Bhardwaj
Parent organisation
Zenith Drugs Limited

Strength and risks

Strengths
Risks
As per the company, it is able to employ cost efficiency while producing pharmaceuticals. The company also conducts white-label manufacturing for some pharmaceutical companies.
The company has some international presence and distribution networks spanning a few countries. Its products are distributed in countries such as Costa Rica, Malawi, Mauritius, Mozambique, Sudan, Tanzania, Bhutan and Combodia, etc.
The company has a wide product portfolio that includes generic drugs, branded pharmaceuticals, over-the-counter (OTC) products, and specialized medications.
The company has reported positive revenue from operations and profit after tax in the last 3 financial years. Revenue from operations was Rs. 73.40 cr, Rs. 91.65 cr, and Rs. 114.51 cr in FY 2021, 2022 and 2023 respectively. Profit after tax was Rs. 3.03 cr, Rs. 3.13 cr, and Rs. 5.15 cr for these 3 years respectively.

Financials

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

Application details

Apply asPrice bandApply upto
Regular75 - 79₹2 Lakh
High Networth Individual75 - 79₹2 - 5 Lakh
For Zenith Drugs IPO, eligible investors can apply as Regular.
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