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IPO

IPO Synopsis
Saroja Pharma Industries India Ltd
Registered Office: 305 Kailash Tower Shiv Shristi,Complex Goregaon Link Rd Mum-W , Mumbai - 400080 , Maharashtra , India.
Phone : +91 022 2081 0011   Fax:
Email :  info@sarojapharma.com  
Website :  www.sarojapharma.com
Public issue of upto 10,84,800 equity shares of face value of Rs. 10/- each of Saroja Pharma Industries India Limited ("Saroja" or the "Company" or the "Issuer") for cash at a price of Rs. 84/- per equity share including a share premium of Rs. 74/- per equity share (the "Issue Price") aggregating to Rs. 9.11 crores ("The Issue"), of which 54,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 84/- each aggregating to Rs. 0.46 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 10,30,400 equity shares of face value of Rs. 10/- each at a price of Rs. 84/- per equity share including a share premium of Rs. 74/- per equity share aggregating to Rs. 8.66 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.98% and 25.63% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs. 84/-. The issue price is 8.40 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
31-Aug-23 05-Sep-23 Rs84.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 8.80
Swastika Investmart Ltd
Project Financed through Current Offer 9.11  
Post Issue Equity Share Capital 4.02  
Issue Price Rs84.00  
 
Projects
To set up a Manufacturing UnitTo repay the unsecured Loan
Promoted By
Biju Gopinathan Nair
Manish Dasharath Kamble
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd