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Senores Pharmaceuticals Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹391
Per Share
GMP
NIL
Grey Market
Est. Listing
₹391
Expected Price
Min. Application
₹29,716
2 lots × 38 shares
IPO Issue Details
Issue Price / Price Band₹391 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size38 Shares per Lot
Total Issue Size1,48,87,723 shares (aggregating up to ₹582.11 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 20 Dec 2024
Subscription CloseTue, 24 Dec 2024
Anchor AllotmentThu, 19 Dec 2024
Basis of AllotmentThu, 26 Dec 2024
Initiation of RefundsFri, 27 Dec 2024
Credit of Shares to DematFri, 27 Dec 2024
Listing DateMon, 30 Dec 2024
UPI Mandate Deadline2024-12-24
Application & Investment Details
Retail — Min (1 Lots)₹14,858 — 38 shares
Retail — Max (13 Lots)₹193,154 (13 Lots)
HNI — Min (14 Lots)₹2,08,012 — 532 shares
EPS (Pre-IPO)₹9.83
EPS (Post-IPO)₹13.86
P/E Ratio (Pre-IPO)39.77x
P/E Ratio (Post-IPO)28.21x
Pre-IPO Promoter Holding3,32,65,865 shares
Post-IPO Promoter Holding4,60,53,588 shares
Fresh Issue Shares1,27,87,723 shares (aggregating up to ₹500.00 Cr)
Offer for Sale Shares21,00,000 shares of ₹10 (aggregating up to ₹82.11 Cr)
About Senores Pharmaceuticals Ltd.

Incorporated in December 2017, Senores Pharmaceuticals Limited develops and manufactures a range of pharmaceutical products primarily for the regulated markets of the US, Canada, and the UK, while also serving emerging markets.The company's product portfolio consists of Amphetamine Sulfate Tablets, Hydroxychloroquine Sulfate Tablets, Ketoconazole Tablets, Butalbital, Acetaminophen and Caffeine Capsules, Mexiletine Hydrochloride Capsules, Ketorolac Tromethamine Tablets, Diclofenac Potassium Tablets, Diclofenac Potassium Tablets, Nicardipine Hydrochloride Capsules, Escitalopram Tablets, Prochlorperazine Maleate Tablets USP, Terazosin Capsules USP, Morphine Sulfate Tablets, Methadone Hydrochloride Tablets, Cyclobenzaprine Hydrochloride Tablets, Irbesartan Tablets, Risperidone Tablets Topiramate Capsules, and Ivermectin Tablets for regulated markets.As of September 30, 2024, the company has launched 55 products in key therapeutic areas, including antibiotics and anti-fungal treatments. They have established partnerships with distributors and hospitals across several states in India.As of September 30, 2024, the company operates three dedicated R&D facilities in India and the US.The company operates in Emerging Markets across 43 countries and manufactures critical care injectables and APIs.The company's manufacturing unit is situated in Ahmedabad, Gujrat.Competitive StrengthThe company serves the US, Canada, and the UK regulated markets with its US FDA-approved manufacturing facility.A unique product portfolio tailored for regulated markets developed in a brief period.Long-term marketing agreements with pharmaceutical companies in the US, Canada, and the United Kingdom regulated markets.Presence in the Emerging Markets with a product portfolio, including speciality or complex products.Robust R&D capabilities driving our differentiated portfolio of products.Experieced Management Team

Objects of the Issue

Senores Pharmaceuticals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Investment in one of the Subsidiaries, Havix Group, Inc. d/b/aAavis Pharmaceuticals(“Havix”), to fund capital expenditure requirements for setting up a manufacturing facility for the production of sterile injections in the Atlanta Facility;
2
Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company;
3
Investment in the Subsidiary, namely, Havix, for re-payment/pre-payment in whole or part of certain borrowings availed by such Subsidiary;
4
Funding the working capital requirements of the Company;
5
Investment in the Subsidiaries, namely, Senores Pharmaceuticals Inc. (“SPI”)and Ratnatris Pharmaceutical Private Limited (“Ratnatris”), to fund their working capital requirements.
6
Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding 3,32,65,865 shares
Post-IPO Promoter Holding 4,60,53,588 shares
Lock-in Period (30%)January 24, 2025
Lock-in Period (50%)March 25, 2025
Check AllotmentCheck Status →
Senores Pharmaceuticals Ltd. — Live Price LIVE
₹391.00
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Issue ₹391.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹391
GMPNIL
Est. Listing₹391
Lot Size38 shares
Min Amount₹29,716
Listing Date30 Dec 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹391
Listing Date30 Dec 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 14,887,723 100.00% ₹582.11 Cr
* Based on ₹391.00 (upper price band)
Lot Size & Investment Details
Lot Size
38
Shares
Issue Price
₹391.00
Per Share
Min Investment
₹14,858
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 38 ₹14,858
Retail (Max) 13 494 ₹193,154
sNII (Min) 14 532 ₹208,012
bNII (Min) 68 2,584 ₹1,010,344
Company Financials — Restated Consolidated (Amount in Crore)
Particulars30 Sep 202431 Mar 202431 Mar 2023
Revenue from Operations 183.35 217.34 39.02
EBITDA N/A N/A N/A
Profit After Tax (PAT) 23.94 32.71 8.43
Net Worth 319.06 231.71 45.50
Total Assets 678.08 621.88 131.05
Reserves & Surplus 263.36 175.94 35.25
Total Borrowings 242.03 248.38 60.76
Key Ratios & Valuation
Issue Price ₹391
Face Value ₹10 Per Share
P/BV 5.84
RoE 23.60%
RoCE 11.73%
RoNW 23.60%
PAT Margin (%) 15.25%
EBITDA Margin (%) N/A
Debt / Equity 1.07
Company Details
Company
Senores Pharmaceuticals Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
1101 to 1103, 11th floor, South Tower, ONE 42 oppositeJayantilal Park, Ambali Bopal Road, Ahmedabad,-380054 Ahmedabad, Gujarat
Book Running Lead Managers
Equirus Capital Pvt.Ltd.
Book Running Lead Manager (BRLM)
Ambit Pvt.Ltd.
Book Running Lead Manager (BRLM)
Nuvama Wealth Management Ltd.
Book Running Lead Manager (BRLM)