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

Zenith Drugs Limited IPO (Zenith Drugs IPO) Detail

Zenith Drugs IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Indore and caters to Pharmaceutical sector. Gretex Corporate Services is the merchant banker of Zenith Drugs IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2023.

Zenith Drugs IPO open date is 19th February 2024 and close date is 22nd February 2024. IPO Allotment Date is 23rd February 2024 and Listing date is 27th February 2024.

IPO Category : SME
Exchange : NSE EMERGE
Issue Type : Book Building

Zenith Drugs IPO Date

Date of DRHP:
30th September 2023
IPO Allotment Date:
23rd February 2024
IPO Open Date:
19th February 2024
Initiation of Refund:
26th February 2024
IPO Closing Date:
22nd February 2024
IPO Listing Date:
27th February 2024

Zenith Drugs IPO Info, Size, Subscription

Zenith Drugs IPO size is Rs 40.68 Cr. crores with IPO price of Rs 79.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 40.68 Cr.

Issue Price:
₹ 79.00

Market Capitalisation :
₹ 135.48 Cr.

PE multiple :
12.56

Subscription :
179.18 times

Pre Issue Promoter Holding :
100.00 %

Post Issue Promoter Holding :
69.98%

Zenith Drugs IPO Information

Sub Sector : manufacturing high quality and affordable Medicines
Zenith Drugs is a pharmaceutical manufacturing and trading company based out from Indore. They have a manufacturing unit, dedicated to ensuring the highest quality standards when it comes to manufacturing of medicines. They are specialized in manufacturing high quality and affordable Medicines to support their patients in need. Since its inception the company has focused on building a strong foundation and laying the groundwork for their future growth and success. With dedication and strategic planning, they managed to establish a reputable presence in the pharmaceutical industry. The Company was incorporated with the objective of the best service deliverance in field of medicine and be best premium pharmaceutical companies in India and abroad for cost effective human medicine. Their Company always emphasis on core strength and
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Object of Issue (Zenith Drugs IPO Objectives)

  • Purchase of Machinery & Equipments for Setting up New Unit
  • Existing Manufacturing Block Upgradation
  • Working Capital Requirements
  • General Corporate Purposes

Gretex Corporate Services Limited is the book-running lead manager of the Zenith Drugs IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Zenith Drugs IPO.

Zenith Drugs IPO Market Maker

Gretex Share Broking Private Limited

Zenith Drugs IPO Registrar (RTA)

Bigshare Services Private Limited

Zenith Drugs IPO Lead Manager (BRLM)

Gretex Corporate Services Limited

Zenith Drugs IPO anchor investors are the below investors. The number of anchor investors in this IPO is 6.

Anchor Investors in Zenith Drugs IPO

No. of Anchor Investors: 6

Anchor Investor Name   No. of shares Allotted Offer Price (in Rs.) Amount Invested (in Rs.)
Meru Investment Fund 377,600.00 ₹79.00 ₹29,830,400.00
Moneywise Financial Services 128,000.00 ₹79.00 ₹10,112,000.00
Neomile Growth Fund 190,400.00 ₹79.00 ₹15,041,600.00
Chanakya Opportunities Fund 128,000.00 ₹79.00 ₹10,112,000.00
Vikasa India EIF 211,200.00 ₹79.00 ₹16,684,800.00
Aries Opportunities Fund 252,800.00 ₹79.00 ₹19,971,200.00

Zenith Drugs IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Zenith Drugs IPO?

Zenith Drugs IPO, based in Indore, operates in the   Pharmaceutical sector with a focus on manufacturing high quality and affordable Medicines. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Zenith Drugs IPO size is ₹ 40.68 Cr. Crores with fresh issue size of Rs 40.68 Cr. Crores and Offer for sale being Nil.

When is Zenith Drugs IPO allotment?

The IPO allotment date for Zenith Drugs IPO is expected to be 23rd February 2024, after the finalization of basis of allotment. Investors can check Zenith Drugs IPO allotment status on the registrars website, Bigshare Services Private Limited. Zenith Drugs IPO refund dates are 26th February 2024.

When is Zenith Drugs IPO listing date?

Zenith Drugs IPO is expected to be listed on 27th February 2024.

What is the price band for Zenith Drugs IPO?

The upper price band for the Zenith Drugs IPO is set at ₹ 79.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Zenith Drugs IPO Review?

For IPO analysis on Zenith Drugs IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Zenith Drugs IPO?

To apply for the Zenith Drugs IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 22nd February 2024. After submission, funds are blocked until the basis of allotment of Zenith Drugs IPO is finalised.

Who is the merchant banker of Zenith Drugs IPO?

The merchant banker for Zenith Drugs IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Zenith Drugs IPO RHP for further details.

Who is the Registrar of Zenith Drugs IPO?

The registrar for Zenith Drugs IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Zenith Drugs IPO through their official website or helpline.

What is the Zenith Drugs IPO subscription?

Zenith Drugs IPO was subscribed 179.18 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: ₹ 40.68 Cr. Avg IPO Size (Sector Based) : ₹ 23.81 Cr.
  • Sector: Pharmaceutical SME IPO so far: 34
  • Merchant Banker: Gretex Corporate SME IPO by BRLM so far: 47
  • City: Indore SME IPO so far: 18
  • Revenue (annualised): ₹ 138.96 cr.
            PAT: (annualised): ₹ 10.78 cr.
  • PE Ratio: 12.56x Average Sector PE Ratio: 20.29x
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FAQs

Zenith Drugs IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Zenith Drugs Financial Review Page

Zenith Drugs IPO subscription was 179.18 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.

Zenith Drugs IPO listed at a listing price of 105.15 against the offer price of 79.00.

The current market price of Zenith Drugs is 89.60.

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