Sudarshan Pharmaceutical and chemicals (SPIL) has received Licence for Manufacturing Vitamin B6 under the PLI (Production Linked Incentive Scheme) under Atmanirbhar Bharat Project of Government of India, which would drastically improve its profitability margins and reduce import dependency from China. It has double benefit of scheme with incentives of State Government which is 60% of project cost and PLI of Central Government which is approximately Rs18 crore. It will help to achieve break-even of project cost earlier than expected. It is developing 40+products of API and Intermediates and setting up a multi-use manufacturing plant in Maharashtra on its own land of MIDC, MAHAD. It also plans to develop a distributor network & logistic facilities in Mumbai, Delhi, Chennai, Hyderabad and Ahmedabad. This shall also support E-commerce and Online marketing. The company is in the process of applying for 16 formulation registrations in countries like Ghana, Georgia, Myanmar, Nigeria, Kenya, Malaysia & MINA region. The product registrations will boost exports and Pharma business operations. Consistent financial track record, with revenue growing at CAGR of 37% between FY19 and FY22 Large pool of business clients comprising of Biocon Limited, Zydus Takeda, Olon India, TEVA Pharma, SRF Limited, L & T Defense, Songwhong, and other Multinational Companies connected to Pharma and Chemicals Experience of 14 years’ service to Chemical & Pharmaceutical industry
64. SJogi| Link| Bookmark|
March 9, 2023 8:20:39 PM
IPO Guru (1100+ Posts, 900+ Likes)
not a good start in terms of subscription. gmp is low , retailers are scared to apply. not applying as issue is very big and gmp is low. and pharma ka craze gaya abhi.
Don't get influenced by the subscription numbers. Only people who have sold in fix or S2 have applied. Be careful and do your due diligence before applying.
Great going..mazzee avi giyooo... Have applied just now I sold application @1600 in Mumbai... 1.2% fix return Kukia nahi m con me block unlock game hai...
Sudarshan fix return hai 1.25% best apply...
M can nothing come
58. Romy HNI| Link| Bookmark|
March 9, 2023 11:05:26 AM
IPO Mentor (500+ Posts, 400+ Likes)
GMP below 10%.....
Generally I don't advise to apply in such low GMP companies...
take your call
57. PLAZA| Link| Bookmark|
March 9, 2023 9:59:59 AM
IPO Guru (2400+ Posts, 1300+ Likes)
LOOKING TO TODAYS THREE NEW LISTING ONE SHOULD CAUTIOUS BEFORE APPLYING IN SME.