Sotac Pharmaceuticals Limited IPO, GMP, Price, Date and Detials

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%.

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.

DateGMP (%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)

YearAssetsPATRevenue
Mar-203,038.28.752882.6
Mar-213469.7-236.54894.9
Mar-223525.3287.867337
Sep-226461.646.553994.6

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 Date29 Mar 2023
IPO Close Date3 Apr 2023
Lot Size1200  Shares
Issue Size₹33.30 cr ( 3,000,000Shares)
Issue TypeBook 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 OnNSE & SME
DRHPClick Here
GMPClick 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 Size1 Lot,  1200 Shares
Minimum Amount₹133,200
Maximum Lot Size1 Lot,  1200 Shares
Maximum Amount₹133,200

Click Here to Check the Upcoming IPO of 2022

Sotac Pharmaceuticals Limited IPO Time Table

IPO Open Date29 Mar 2023
IPO Close Date03 Apr 2023
Allotment Date10 Apr 2023
Refund Date11 Apr 2023
Credit To Demat Account12 Apr 2023
Listing Date13 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.

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