Sotac Pharmaceuticals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 03, 2023Let’s have a detailed review of the company and analytics of the Sotac Pharmaceuticals IPO release date, IPO offer price, subscription, Sotac Pharmaceuticals Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 105 to Rs 111 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Apr 13, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3,330 Lakh |
| IPO Size | Rs 3,330 Lakh |
| Tick Size | 1 |
Sotac Pharmaceuticals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Sotac Pharmaceuticals Share Price |
Sotac Pharmaceuticals IPO – Summary
Their Company was originally formed and registered as a Partnership Firm under the Partnership Act, 1932 (“Partnership Act”) in the name and style of “M/s Sotac Pharmaceuticals”, pursuant to a deed of partnership dated October 28, 2015.
Thereafter “M/s. Sotac Pharmaceuticals” was converted from Partnership Firm to a Private Limited Company under Part I (Chapter XXI) of the Companies Act, 2013 in the name of “Sotac Pharmaceuticals Private Limited” and received a certificate of incorporation dated December 18, 2015, from the Assistant Registrar of Companies, Gujarat.
The Promoter of this company is MR. SHARAD KUMAR DASHRATHBHAI PATEL, MR. DINESHKUMAR BABULAL GELOT, MR. VISHALKUMAR DEVRAJBHAI PATEL, MR. CHETANKUMAR BACHUBHAI PATEL AND MRS. KIRAN BALDEVBHAI JOTANIA. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is KFIN TECHNOLOGIES LIMITED.
Sotac Pharmaceuticals IPO Date
The opening and closing dates of Sotac Pharmaceuticals IPO are Mar 29, 2023, and Apr 3, 2023, respectively.
Sotac Pharmaceuticals IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29th Mar | 0.00x | 0.05x | 0.02x |
| 2nd Day – 31st Mar | 0.72x | 0.15x | 0.23x |
| 3rd Day – 3rd Apr | 4.04x | 0.91x | 1.60x |
| Shares Offered or Net Issue | 428,400 | 998,400 | 2,850,000 |
The shares subscribed by the public will be updated here.
Sotac Pharmaceuticals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sotac Pharmaceuticals Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 10, 2023 |
| Refunds Initiation | Apr 11, 2023 |
| Credit of Shares to Demat Account | Apr 12, 2023 |
| Share Listing Date | Apr 13, 2023 |
Sotac Pharmaceuticals IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 105 to Rs 111
Sotac Pharmaceuticals IPO Equity Size
This Initial Public Issue of 3,000,000 Equity Shares of Rs.10 each for cash at a price of Rs 105 to Rs 111 per equity share aggregating to Rs.3,330 Lakh.
Sotac Pharmaceuticals IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,000,000 Equity Shares of Rs.10/ each.
Issue Size: 3,000,000 Equity Shares of Rs.10 each, aggregating to Rs.3,330 Lakh
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Sotac Pharmaceuticals IPO – Live Performance
The listing date of this IPO is Apr 13, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sotac Pharmaceuticals Share Price |
Sotac Pharmaceuticals IPO Grey Market Premium
The Sotac Pharmaceuticals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Sotac Pharmaceuticals IPO – Company Overview
SOTAC Pharmaceuticals Limited is part of the SOTAC group, based in Gujarat. Their company has been founded by their visionary promoters Mr Sharadkumar Dashrathbhai Patel, Mr Dineshkumar Babulal Gelot, Mr Vishalkumar Devrajbhai Patel, Mr Chetankumar Bachubhai Patel and Late Mr Baldevbhai Trikambhai Jotania.
One of their current promoters Mrs. Kiranben Baldevbhai Jotania, wife of the Late Mr Baldevbhai Trikambhai Jotania, acquired 4,09,000 shares by way of transmission of shares due to his death.
They are in the business of manufacturing pharmaceutical products for different marketers on a loan license or contract manufacturing basis. Their business is majorly on principle to principle basis with different marketers.
As of the date of this Red Herring Prospectus, they cater to 162 corporate clients on a loan licence and/or contract manufacturing basis. Their company commenced manufacturing facility in the year 2017, hence, their company has experience of more than 5 years in the current line of business of their company.
Sotac Pharmaceuticals IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 6,461.60 | 3,525.35 | 3,469.75 | 3,038.21 |
| *Total Revenue | 3,994.65 | 7,337.02 | 4,894.97 | 2,882.64 |
| Total Expense | 3,824.55 | 6,867.55 | 5,100.62 | 2,846.94 |
| Profit After Tax | 46.55 | 287.86 | (236.54) | 8.75 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic | 2.02 | 12.51 | (10.28) | 0.89 |
| Diluted | 0.58 | 3.58 | (2.94) | 0.13 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 46.55 Lakh, Rs. 287.86 Lakh, Rs. (236.54) Lakh and Rs. 8.75 Lakh respectively.
Sotac Pharmaceuticals IPO – Promoters
The Promoter of this company is:
- MR. SHARADKUMAR DASHRATHBHAI PATEL,
- MR. DINESHKUMAR BABULAL GELOT,
- VISHALKUMAR DEVRAJBHAI PATEL,
- MR. CHETANKUMAR BACHUBHAI PATEL
- MRS. KIRAN BALDEVBHAI JOTANIA
List of Related Parties (Key Managerial Personnel)
- Sharadkumar Dashrathbhai Patel – Chairman and Managing Director
- Dineshkumar Babulal Gelot – Whole Time Director
- Chetankumar Bachubhai Patel – Executive Director
- Vishalkumar Devrajbhai Patel – Executive Director
- Nidhiben Patel – Independent Director
- Hetal Umangbhai Shah – Independent Director
- Heena Viral Patel – Independent Director
Sotac Pharmaceuticals IPO – Promoters Holding
- Pre-Issue Share Holding – 84.63%
- Post-Issue Share Holding – %
Sotac Pharmaceuticals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3000000 Equity Shares aggregating up to Rs.3,330 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 150000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 2850000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 998400 Equity Shares |
| Other than Retail Individual Investors | Not more than 428400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 8050000 Equity Shares |
| Equity Shares outstanding after the Issue | 11050000 Equity Shares |
Sotac Pharmaceuticals IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirements
2. Investment in Subsidiary
3. Upgradation / Construction of Existing /New Building in the Existing Premises
4. General Corporate Purpose
5. To meet Public Issue Expenses
Sotac Pharmaceuticals IPO – Business Strategy
- Improve global presence
- Leveraging their market skills and relationship
- Maintaining an edge over competitors
- Customer Satisfaction
- Improve Product Portfolio
Sotac Pharmaceuticals IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Wide range of Products
- Strategic Location of Manufacturing Facilities
- Scalable Business Model
- Quality assurance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.58 | 43.47% | 8.23 |
| 31-Mar-21 | 1.07 | 20.43% | – |
| Mar-20 | 1.05 | 20.93% | – |
Sotac Pharmaceuticals IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Sotac Pharmaceuticals Limited | 10 | [●] | 3.58 | 43.47% | 7,315.17 |
| Listed Peers | |||||
| Lincoln Pharmaceuticals Limited | 10 | 9.14 | 34.63 | 16.02 | 47,207.89 |
Sotac Pharmaceuticals IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat. Telephone Number: 079 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr Nikhil Shah CIN: U67190GJ2020PTC114322 |
Sotac Pharmaceuticals IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED SEBI Registration Number: INR000000221 Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, India. Tel. Number: +91 40 6716 2222; Fax: +91 40 2343 1551 Email Id: sotac.ipo@kfintech.com Investors Grievance Id: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: Mr Murali Krishna CIN: U72400TG2017PLC117649 |
Sotac Pharmaceuticals IPO – Other Details
- Statutory Auditor – M/s. Keyur Shah & Co. Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – AXIS BANK LIMITED
Sotac Pharmaceuticals IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sotac Pharmaceuticals Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Sotac Pharmaceuticals IPO Review FAQs
Check out various FAQs related to Sotac Pharmaceuticals IPO:
What is the Issue Size of Sotac Pharmaceuticals IPO?
The Company is making an initial public offer of 3,000,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Sotac Pharmaceuticals IPO?
The price band for this particular IPO ranges between Rs 105 to Rs 111. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Sotac Pharmaceuticals IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 29, 2023, while the closing date is set for Apr 3, 2023.
What is the Sotac Pharmaceuticals IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Apr 10, 2023, refund initiation is on Apr 11, 2023, credit of shares is on Apr 12, 2023, and share listing date is on Apr 13, 2023.
What is the Sotac Pharmaceuticals IPO Listing Date?
Shares of this company shall be listed in the exchanges on Apr 13, 2023. The date, when the listing would be done, is stagnant on Apr 13, 2023.
Who is the Registrar of Sotac Pharmaceuticals IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sotac Pharmaceuticals IPO?
Here are the promoters of this IPO – MR. SHARADKUMAR DASHRATHBHAI PATEL, MR. DINESHKUMAR BABULAL GELOT, MR. VISHALKUMAR DEVRAJBHAI PATEL, MR. CHETANKUMAR BACHUBHAI PATEL AND MRS. KIRAN BALDEVBHAI JOTANIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Sotac Pharmaceuticals IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Sotac Pharmaceuticals IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Sotac Pharmaceuticals Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 287.86, 2021 is (236.54), and 2020 is 8.75. PAT from Sep 2022 is 46.55.
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