Sudarshan Pharma Limited, a leading Indian pharmaceutical company, has recently opened its Initial Public Offering (IPO) subscription for public investors. This is the first time that the company is offering its shares to the public. The IPO subscription period will be open from June 14th to June 18th, 2021.
The IPO of Sudarshan Pharma Limited is a great opportunity for investors to participate in the growth of the company. The company is offering up to 12.5 crore equity shares at a price band of Rs. 517 to Rs. 518 per equity share. The minimum application amount is Rs. 5,000 and in multiples of Rs. 1 thereafter.
The company has a strong presence in the Indian pharmaceutical market and has a diversified product portfolio. It has a wide range of products including antibiotics, anti-infectives, anti-diabetics, vitamins and minerals, and other products. The company has a strong track record of delivering consistent performance over the years and has been successful in expanding its market share in the domestic market.
The proceeds from the IPO will be used by the company for various purposes such as repayment of debt, funding working capital requirements, and general corporate purposes. The company has also appointed SBI Capital Markets Limited and ICICI Securities Limited as the book running lead managers for the issue.
Investors can apply for the IPO through various modes such as ASBA (Application Supported by Blocked Amount) through their bank account, UPI (Unified Payments Interface), and other online platforms such as NSE Now, BSE Now, and Kite.
Overall, Sudarshan Pharma Limited’s IPO is a great opportunity for investors to participate in the growth of the company and benefit from its strong presence in the Indian pharmaceutical market. Investors should carefully evaluate all the risks associated with the IPO before investing.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: Plato Data Intelligence: PlatoAiStream