Sotac Pharmaceuticals Limited IPO Details – Sotac Pharmaceuticals limited IPO price is fixed. The opening date of Sotac Pharmaceuticals Limited is 29 Mar 2023 and the closing date is 03 April 2023.
The company is going to raise ₹33.30 Cr through IPO and the issue type is Book Built Issue type.
The Face Value of Sotac Pharmaceuticals IPO is Rs 10/share.
The reservation sequence is QIB= 50%, NII= 15%, and RII= 35%.
Table of Contents
About Sotac Pharmaceuticals Limited
- Established in 2015.
- Sotac Pharmaceuticals Limited is a pharmaceutical manufacturing company that is part of the SOTAC group based in Gujarat.
- The company manufactures pharmaceutical products on a loan license or contract manufacturing basis for different marketers.
- SOTAC primarily operates on a principle-to-principle basis with various marketers and is currently serving over 162 corporate clients.
- With their extensive experience in the pharmaceutical industry, the company is expanding its scale of operations every year.
- Sotac Pharmaceuticals established its manufacturing facility in 2017.
- The company’s manufacturing facility has the capacity to manufacture 90 Crore tables per year and 14 Crore Capsules per year.
Sotac Pharmaceuticals Limited IPO Review
For Long Term:- Financials are good, you can think about this.
For Listing Gain:- Check GMP before applying
Sotac Pharmaceuticals IPO GMP Today
Sotac Pharmaceuticals IPO GMP is Rs6.
| Date | GMP (%Gain/loss) | Subject Rate |
|---|---|---|
| 05 Apr 2023 | ₹6 (5.41%) | – |
| 04 Apr 2023 | ₹7 (6.31%) | – |
| 03 Apr 2023 | ₹7 (6.31%) | – |
| 02 Apr 2023 | ₹6 (5.41%) | – |
| 01 Apr 2023 | ₹6 (5.41%) | – |
| 31 Mar 2023 | ₹6 (5.41%) | – |
| 30 Mar 2023 | ₹5 | – |
| 29 Mar 2023 | ₹5 | – |
| 28 Mar 2023 | ₹10 | – |
| 27 Mar 2023 | ₹6 | – |
Also Read: Income Tax in Stock Market 2022
Sotac Pharmaceuticals Limited IPO Financial Report ₹(in Lakhs)
| Year | Assets | PAT | Revenue |
|---|---|---|---|
| Mar-20 | 3,038.2 | 8.75 | 2882.6 |
| Mar-21 | 3469.7 | -236.5 | 4894.9 |
| Mar-22 | 3525.3 | 287.86 | 7337 |
| Sep-22 | 6461.6 | 46.55 | 3994.6 |
Sotac Pharmaceuticals Limited IPO Date & Details
It is a Book Built issue type IPO with an IPO Size of ₹33.30 cr and it will list on NSE as well as on SME.
| IPO Open Date | 29 Mar 2023 |
| IPO Close Date | 3 Apr 2023 |
| Lot Size | 1200 Shares |
| Issue Size | ₹33.30 cr ( 3,000,000Shares) |
| Issue Type | Book Built |
| Fresh Issue | ₹33.30 cr ( 3,000,000Shares) |
| Offer For sale | ₹- Cr ( Shares) |
| Face Value | ₹10/Equity Share |
| Price Band | ₹105 – ₹111 /Share |
| List On | NSE & SME |
| DRHP | Click Here |
| GMP | Click Here |
Objective
The main objective of Sotac Pharmaceuticals Limited is to raise funds are:
- The funds are required to meet the working capital requirements.
- Investment in a subsidiary is planned using the funds.
- Upgradation or construction of existing or new building within the existing premises is another purpose for which the funds will be utilized.
- The funds will also be used for general corporate purposes.
- Additionally, the funds will cover the expenses related to the public issue.
Sotac Pharmaceuticals Limited IPO Market Lot Size
Minimum and Maximum Lot Size For Retail Investors are:
| Minimum Lot Size | 1 Lot, 1200 Shares |
| Minimum Amount | ₹133,200 |
| Maximum Lot Size | 1 Lot, 1200 Shares |
| Maximum Amount | ₹133,200 |
Click Here to Check the Upcoming IPO of 2022
Sotac Pharmaceuticals Limited IPO Time Table
| IPO Open Date | 29 Mar 2023 |
| IPO Close Date | 03 Apr 2023 |
| Allotment Date | 10 Apr 2023 |
| Refund Date | 11 Apr 2023 |
| Credit To Demat Account | 12 Apr 2023 |
| Listing Date | 13 Apr 2023 |
Sotac Pharmaceuticals Limited Company Promoters
- Mr. Sharadkumar Dashrathbhai Patel
- Mr. Dineshkumar Babulal Gelot
- Mr. Vishalkumar Devrajbhai Patel
- Mr. Chetankumar Bachubhai Patel
- Mrs. Kiran Baldevbhai Jotania
Sotac Pharmaceuticals Limited Peer’s
- LincoIn Pharmaceuticals
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: sotac.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Address
Sotac Pharmaceuticals Limited
Plot No. PF-21, Nr. ACME Pharma,
Opp. Teva Pharma Sanand GIDC-II,
Sanand Ahmedabad – 382110
Phone: +91 90819 93300
Email: compliance@sotacpharma.com
Website: http://www.sotacpharma.com/
Sotac Pharmaceuticals Limited FAQ
What is Sotac Pharmaceuticals IPO Price?
The Price of Sotac Pharmaceuticals IPO cutoff price is ₹105-111 per share.
What is Sotac Pharmaceuticals IPO Date?
The Sotac Pharmaceuticals IPO opens on 29 Mar 2023 and closes on 03 Apr 2023.
What is Sotac Pharmaceuticals IPO issue size?
The IPO Size of Sotac Pharmaceuticals IPO is ₹ 330.30cr and issuing 3,000,000Eq Shares.
What is Sotac Pharmaceuticals IPO allotment Date?
The Allotment date of Sotac Pharmaceuticals IPO is 10 Apr 2023.
What is Sotac Pharmaceuticals Limited’s Listing Date?
The listing date of Sotac Pharmaceuticals IPO is 13 Apr 2023 and the IPO will list on SME and NSE.
How to Apply for Sotac Pharmaceuticals IPO through Zerodha?
1. Log in to the Zerodha Kite application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Sotac Pharmaceuticals ”. Click on Bid Button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply for Sotac Pharmaceuticals IPO through Upstox App?
1. Log in to the Upstox application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Sotac Pharmaceuticals”. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply for Sotac Pharmaceuticals IPO through Groww App?
1. Log in to the Groww application on your mobile.
2. Now you can see IPOs and Click on IPO.
3. You will see the IPO Name “Sotac Pharmaceuticals”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to approve the payment process.
How to Apply for Sotac Pharmaceuticals IPO through Paytm Money App?
1. Log in to the Paytm Money application on your mobile.
2. Now you can see Invest in IPOs Section and Click on IPO.
3. You will see the IPO Name “Sotac Pharmaceuticals”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
Conclusion:- I hope this article is helpful for you if you have any queries regarding IPO and upcoming IPO you can comment down below.