IPO : Zenith Drugs Limited
Zenith Drugs Limited IPO
| SYMBOL | ZENITHDRUG |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Monday, February 19, 2024 |
| ISSUE CLOSES ON | Thursday, February 22, 2024 |
| ISSUE PRICE | ₹75 to ₹79 per share |
| ISSUE SIZE | Up to Rs.40.68 Crores |
| FACE VALUE | Rs.10 per share |
Zenith Drugs IPO is a book built issue of Rs 40.68 crores. The issue is entirely a fresh issue of 51.49 lakh shares.
Zenith Drugs IPO opens for subscription on February 19, 2024 and closes on February 22, 2024. The allotment for the Zenith Drugs IPO is expected to be finalized on Friday, February 23, 2024. Zenith Drugs IPO will list on NSE SME with tentative listing date fixed as Tuesday, February 27, 2024.
| MINIMUM BID | 1600 shares |
| MINIMUM AMOUNT | Rs.126,400 |
| MAXIMUM BID | 1600 shares |
| MAXIMUM AMOUNT | Rs.126,400 |
| PROMOTER HOLDING | 69.98% (Post-issue) |
| LISTING DATE | Tuesday, February 27, 2024 |
| LISTING AT | NSE-SME |
Zenith Drugs IPO price band is set at ₹75 to ₹79 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹126,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹252,800.
Objects of the Issue (Zenith Drugs IPO Objectives)
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects
- Purchase of Machinery & Equipments for Setting up New Unit
- Existing Manufacturing Block Upgradation
- Working Capital Requirements
- General Corporate Purposes.
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