IPO Synopsis


Sotac Pharmaceuticals Ltd

Registered Office: Plot No PF-21 Nr ACME Pharma,Opp Teva Pharma Sanand GIDC-II, Ahmedabad - 382110, Gujarat, India.
Phone : 91-90819 93300   Fax:
Email :  compliance@sotacpharma.com  
Website :  www.sotacpharma.com

Initial public issue of 3000000 equity shares of face value of Rs. 10/- each of Sotac Pharmaceuticals Limited ("SPL" or the "Company" or the "Issuer") for cash at a price of Rs. 111/- per equity share including a share premium of Rs. 101/- per equity share (the "Issue Price") aggregating to Rs. 33.30 crores ("The Issue"), of which 150000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 111/- per equity share including a share premium of Rs. 101/- per equity share aggregating to Rs. 1.67 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 2850000 equity shares of face value of Rs. 10/- each at a price of Rs. 111/- per equity share including a share premium of Rs. 101/- per equity share aggregating to Rs. 31.63 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.15% and 25.79%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.

Issue Money Payable On
Opens on Closes On Application Allotment
29-Mar-23 03-Apr-23 111.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 1200   Further Multiples of : 1200
  Rs(Cr.) Lead Managers to the Issue
Project Cost 31.10 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 33.30  
Post Issue Equity Share Capital 11.05  
Issue Price 111.00  

Project

  • To meet working capital requirements
  • Investment in subsidiary
  • Upgradation/construction of existing /new building in the existing premises
  • General corporate purposes

Promoted By

Sharadkumar Dashrathbhai Patel

Dineshkumar Babulal Gelot

Vishalkumar Devrajbhai Patel

Listing At

NSE - SME

Registrar to the Issue

No Data Available