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IPO : Zenith Drugs Limited

IPO : Zenith Drugs Limited
  • By Goodwill
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  • February 15, 2024

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.

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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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on Derivatives

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