Saroja Pharma IPO GMP, Review, Price, Allotment

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Saroja Pharma IPO GMP

Saroja Pharma IPO description – Saroja Pharma Industries was founded in 2019 by Mr. Biju Gopinathan Nair and Mr. Manish Dasharath Kamble, with a vision of becoming a globally integrated and highly regarded pharmaceutical and healthcare company. Saroja Pharma trades in Pharma API, Pharma Intermediates, Chemicals, and Solvents used for pharmaceutical products, and human and veterinary medicine. The Company was formed with a mission being providing clientele with specification-based approved products at a competitive pricing with hassle-free dispatch within India or aboard contributing to cost effectiveness in end products for human and veterinary medicine.

The product demand by its clientele is manufactured as per their specifications by suppliers initially in sample size thereafter on client testing and approval the order is finalized. The approved specified product is manufactured for the order quantity to be dispatched by the appropriate mode of transport within India or abroad. Growth in recent years has propelled the company to venture into the manufacturing of API Pharma products, for veterinary use.

As of 31 March 2023, the company had a total of 13 employees, all working at its corporate office.

Saroja Pharma Industries India

Promoters of Saroja Pharma – Mr. Biju Gopinathan Nair and Mr. Manish Dasharath Kamble


Saroja Pharma IPO Details

Saroja Pharma IPO Dates31 Aug – 5 Sep 2023
Saroja Pharma Issue PriceINR 84 per share
Fresh issue10,84,800 shares (INR 9.11 crore)
Offer For SaleNIL
Total IPO size10,84,800 shares (INR 9.11 crore)
Minimum bid (lot size)1,600 shares (INR 134,400)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Saroja Pharma Financial Performance

 FY 2021FY 2022FY 2023
Revenue36.6655.6350.19
Expenses35.7154.3848.86
Net income0.731.141.06
Figures in INR Crores unless specified otherwise

Saroja Pharma Offer News


Saroja Pharma Valuations & Margins

FY 2021FY 2022FY 2023
EPS2.693.963.61
PE ratio23.27
RONW (%)78.1428.3220.85
NAV3.4414.0017.33
ROCE (%)26.025.025.0
EBITDA (%)3.784.365.73
Debt/Equity 3.221.522.00
*Compiled by IPO Central from Prospectus

Saroja Pharma IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon

Saroja Pharma IPO Subscription – Live Updates

CategoryNIIRetailTotal
Shares Offered569,600515,2001,084,000
5 Sep 20232.7214.748.44
4 Sep 20231.117.444.12
1 Sep 20230.523.652.00
31 Aug 20230.091.520.77

Saroja Pharma Offer Lead Manager

SWASTIKA INVESTMART LIMITED
Flat No18 Floor 2 North Wing, Madhaveshwar
Coop Hsg Society Ltd Madhav Nagar,
11/12 S V Road Andheri W Mumbai Mumbai City – 400058
Phone: +91-22-26254568-69
Email[email protected]
Website: www.swastika.co.in


Saroja Pharma Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com


Saroja Pharma Contact Details

SAROJA PHARMA INDUSTRIES INDIA LIMITED
Shop No. 209, 2nd Floor, Ecstacy, City of Joy,
Jata Shankar Dosa Marg, Mulund West Mumbai (MH) – 400080
Phone: +91 (022) 2081 0011
E-mail: [email protected]
Website: www.sarojapharma.com


Saroja Pharma IPO Allotment Status

Saroja Pharma IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.


Saroja Pharma IPO Dates & Listing Performance

IPO Opening Date31 August 2023
IPO Closing Date5 September 2023
Finalization of Basis of Allotment8 September 2023
Initiation of refunds11 September 2023
Transfer of shares to demat accounts12 September 2023
IPO Listing Date13 September 2023
Opening Price on NSE SMEINR 65 per share (down 22.62%)
Closing Price on NSE SMEINR 68.25 per share (down 18.75%)

IPO FAQs

What is the Saroja Pharma offer size?

Saroja Pharma offer size is INR 9.11 crores.

What is the Saroja Pharma offer price band?

Saroja Pharma public offer price is INR 84 per share.

What is the lot size of the Saroja Pharma IPO?

Saroja Pharma offer lot size is 1,600 shares.

What is Saroja Pharma IPO GMP today?

Saroja Pharma IPO GMP today is INR NA per share.

What is the Saroja Pharma kostak rate today?

Saroja Pharma kostak rate today is INR NA per application.

What is Saroja Pharma Subject to Sauda rate today?

Saroja Pharma Subject to Sauda rate today is INR NA per application.

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