
Chemicals & Pharmaceuticals · NSE
Saroja Pharma Industries India Limited, incorporated in 2019, is engaged in trading, exporting, and supplying specialty chemicals and APIs. The company deals in three major product categories: chemicals, pharma intermediaries, and veterinary pharma APIs. It supplies products like Liquid Bromine (used as an agro-intermediate), Ethyl Acetate (used as an API solvent), and other pharma-based chemicals used in human and veterinary medicines. APIs or bulk actives are the key ingredients used in producing finished dosage forms like tablets, capsules, and liquids. The company exports its products to international markets including Pakistan, Egypt, Russia, Jordan, Hong Kong, Singapore, and more.
Price Band
₹84
Issue Size
₹9.11 Cr
Lot Size
1600 shares
GMP
Est. Listing
₹84
at current GMP
Subscribed
8.86x
overall
Open
31 Aug 2023
Close
5 Sep 2023
Allotment
12 Sep 2023
Refund
13 Sep 2023
Demat Credit
14 Sep 2023
Listing
13 Sep 2023
Overall Subscription
8.86x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
2.98x
High Net-Worth
Retail (RII)
14.74x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 515,200 | 1,536,000 | 2.98x |
| RETAIL | 515,200 | 7,595,200 | 14.74x |
| Total | 1,030,400 | 9,131,200 | 8.86x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 237 | 3,493 | 14.74x |
| HNIs (10L +) | 2 | 6 | 2.98x |
| HNIs (2-10L) | 7 | 21 | 2.98x |
| Total Applications | 246 | 3,520 | 14.31x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Saroja Pharma Industries India Limited is bringing an initial public offering (IPO) in the Chemicals & Pharmaceuticals sector with an aggregate issue size of ₹9.11 Crores. The shares are offered at a price band of ₹84 to ₹84 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-09-05, the basis of allotment is scheduled to be finalized on 2023-09-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Currently, Saroja Pharma Industries India Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹84 to ₹84 per equity share.
The retail lot size is 1600 shares requiring a minimum application amount of ₹1,34,400. Expected listing price is ₹84 per equity share.
The Saroja Pharma Industries India Limited IPO aggregate issue size is ₹9.11 Crores with an equity price band set at ₹84 to ₹84 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,34,400.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 8.86x (Retail: 14.74x, QIB: 0.00x, NII: 2.98x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-09-12. Investors can verify status using PAN card or application number.
Saroja Pharma Industries India Limited shares are scheduled to list on NSE on 2023-09-13.