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ZENITHDRUGSME / NSEListed
Zenith Drugs

Zenith Drugs Limited, founded in 2000, is a pharmaceutical company that manufactures and trades affordable, high-quality medicines, including various generic products. The company operates under WHO-GMP guidelines and holds an ISO 9001:2015 certification, reflecting its focus on quality. It offers a wide product range such as ORS powder, liquid orals, ointments, liquid externals, and capsules, with over 600 products approved by the Food & Drugs Administration and 325 currently in production. Zenith Drugs is expanding by setting up a new manufacturing facility in Muradpura, Depalpur, Indore, and it also exports its products to multiple regions including Central America, Africa, Southeast Asia, and South Asia. The company provides third-party manufacturing services to well-known pharmaceutical brands like Ajanta Pharma, Bio Medical Laboratories, and Zest Pharma, and as of March 31, 2023, it employs 89 people, including both payroll and contract staff.

₹75 - ₹79179.07x sub
Listed Price₹110.00
Listing Gain+39.24%

IPO Schedule & Timeline

Book Built Issue IPO
Open19 Feb 2024
Close22 Feb 2024
Allotment23 Feb 2024
Listing27 Feb 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail15,04,000 shares
29.21%
Nii(hni)6,44,800 shares
12.52%
QIB8,59,200 shares
16.69%
Market Maker8,52,800 shares
16.56%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,26,400
HNI2 Lots (3,200 shares)
₹2,52,800

Company Promoters

Mr. Sandeep BhardwajMr. Bhupesh SoniMr. Ajay Singh Dassundi

Company Background

Zenith Drugs Limited, founded in 2000, is a pharmaceutical company that manufactures and trades affordable, high-quality medicines, including various generic products. The company operates under WHO-GMP guidelines and holds an ISO 9001:2015 certification, reflecting its focus on quality. It offers a wide product range such as ORS powder, liquid orals, ointme...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-23)₹6948.43 Cr
Growth-25.0%
Revenue Trend (₹ in Crores)
0.04.4k8.9k13.3kMar-22Mar-23Sep-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-236,948.43539.3811,249.042,902.81
Mar-2311,569.65515.299,793.832,605.03
Mar-229,266.63312.866,858.471,880.86

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
20234.2935.13%37.29%18.45.5
20222.6229.83%30.08%00
20212.5240.73%36.52%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
23 Feb 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
27 Feb 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Zenith Drugs. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization23 Feb 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date27 Feb 2024Trading commences on exchange

How to Check Zenith Drugs Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Zenith Drugs from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Zenith Drugs IPO

Complete issue overview for Zenith Drugs (ZENITHDRUG) IPO. The issue features an equity share price band of ₹75 – ₹79 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,26,400). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions