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Zenith Drugs Ltd

Registered Office : K # 72/5 Village Muradpura,NA Depalpur,Indore Madhya Pradesh 453001 Phone : +91 84355 01867
Fax :

Email : info@zenithdrugs.com

Website : www.zenithdrugs.com

Initial public offer of 51,48,800* equity shares of face value of Rs. 10.00 each ("Equity Shares") of Zenith Drugs Limited (the "Company" or the "Issuer") for cash at a price of Rs. 79.00 per equity share including a share premium of Rs. 69.00 per equity share (the "Issue Price") aggregating to Rs. 40.68 crores ("The Issue"). The issue includes a reservation of 8,52,800 equity shares aggregating to Rs. 6.74 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 42,96,000 equity shares aggregating to Rs. 33.94 crores (the "Net Issue"). The issue and the net issue constitute 30.02 % and 25.05 % respectively of the post issue paidup equity share capital of the company. Face value of equity shares is Rs. 10.00 each and the issue price is 7.9 times of the face value. Bid was made for minimum of 1,600 equity shares and the multiples of 1,600 equity shares thereafter *Subject to finalization of basis of allotment

Issue

Opens On

Closes On

19-Feb-2024

22-Feb-2024

Money Payable On

Application

Allotment

79.00

0.00

Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

35.96

40.68

17.15

79.00

Gretex Corporate Services Ltd

Projects

Purchase of Machinery & Equipments for Setting up new unit

Existing manufacturing block upgradation

Working capital requirements

General corporate purposes

Promoted By

Sandeep Bhardwaj

Bhupesh Soni

Ajay Singh Dassundi

Listing At

NSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd