58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Saroja Pharma Industries India Limited IPO Analysis

Saroja Pharma Industries India IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Chemical - Speciality sector. Swastika Investmart is the merchant banker of Saroja Pharma Industries India IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th June 2023.

Saroja Pharma Industries India IPO posted revenues of Rs 50.35 crores and PAT of Rs 1.06 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

Saroja Pharma IPO Financial Performance (Restated)

Financial results of Saroja Pharma Industries India IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY23
FY22
FY21
Balance Sheet
Assets
21.34
15.51
8.22

Net Worth
5.09
4.03
0.94

Total Debt
10.19
6.14
3.02

Profit & Loss
Revenue
Revenue on annualised basis
50.35
50.35
55.96
36.75

EBITDA
EBITDA on annualised basis
2.88
2.88
2.43
1.39

PAT
PAT on annualised basis
1.06
1.06
1.14
0.73

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Saroja Pharma IPO Key performance Indicators (KPI)

Saroja Pharma Industries India IPO PAT Margin is 2.11%, ROCE (Return on Capital Employed) is 0.25% as per latest financial. The below table shows Saroja Pharma Industries India IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY23
FY22
FY21

EBITDA Margin (%)
5.72
4.34
3.78

PAT Margin (%)
2.11
2.04
1.99

EPS (Rs.)
3.61
3.96
2.69

ROE (%)
20.83
28.29
77.66

ROCE (%)
0.25
0.25
0.26

ROA (%)
4.97
7.35
8.88

Debt to Equity (x)  
2.00
1.52
3.21

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Saroja Pharma Industries India IPO Valuation Metrics

The market Capitalisation of Saroja Pharma Industries India IPO is Rs 33.77 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
33.77

Enterprice Value (EV) (Rs. Cr.):
43.60

EV/EBITDA (times) :
15.14

PE Multiple (times) :
23.27

P/B (times) :
2.38

NAV (Rs.) :
17.33

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Saroja Pharma prospectus?

The Saroja Pharma Industries India IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Saroja Pharma IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Saroja Pharma Industries India IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Saroja Pharma IPO ?

The post-IPO market capitalisation of Saroja Pharma Industries India IPO is ₹33.77 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Saroja Pharma IPO?

The Saroja Pharma Industries India IPO has a Price-to-Earnings (PE) ratio of 23.27 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Saroja Pharma Industries India IPO?

Saroja Pharma Industries India IPO reported revenue of ₹50.35 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Saroja Pharma Industries India IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Saroja Pharma Industries India IPO?

Saroja Pharma Industries India recorded an EBITDA of ₹ 2.88 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Saroja Pharma Industries India IPO?

Saroja Pharma Industries India Profit After Tax (PAT) is ₹1.06 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 50.35 Cr.
            EBITDA: ₹ 2.88 Cr.
            PAT: ₹ 1.06 Cr.
  • EBITDA Margin: 5.72 %
            Pat Margin: 2.11%
  • Net Worth: ₹ 5.09 Cr.
  • Market Capitalisation: ₹ 33.77 Cr.
  • P/E: 23.27 times
  • P/BV: 2.38 times
  • EV/EBITDA: 15.14 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Saroja Pharma Industries India operates in Chemical - Speciality and Pharmaceutical And Healthcare. The Issue is listed on NSE EMERGE in Sep, 2023. Saroja Pharma Industries India IPO size was 9.11 with Issue price of 84.00 .

Saroja Pharma Industries India IPO subscription was 8.88 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Saroja Pharma Industries India IPO listed at a listing price of 68.25 against the offer price of 84.00.

The current market price of Saroja Pharma Industries India is 45.50.

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