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Supriya Lifescience Limited IPO : Issue Opens Dec 16, 2021

Supriya Lifescience is engaged in the manufacturing of Active pharmaceutical ingredients (APIs). As of March 31, 2021, the company produces 38 APIs focused on diverse therapeutic segments such as antihistamine, analgesic, anaesthetic, vitamin, anti-asthmatic and anti-allergic. The company has been the largest exporter of Chlorpheniramine Maleate and Ketamine Hydrochloride from India between Fiscal 2017 and 2021. The company is also one of the largest exporters of Salbutamol Sulphate from India in FY 2021 in terms of volume.

In Fiscal 2021, the company's products were exported to 86 countries to 1,296 customers including 346 distributors. The company has API business in Europe, Latin America, Asia, and North America.

Supriya Lifescience has a modern manufacturing facility in Maharashtra spread across 23,806 sq. mts, having a reactor capacity of 547 KL/ day including 7 clean rooms. The company has also acquired a plot of land, admeasuring 12,551 sq. mt, near the present manufacturing facility, to expand its manufacturing infrastructure. The company's manufacturing facility has received approvals from USFDA, EDQM TGA-Australia, KFDA-Korea, PMDA Japan, NMPA (previously known as SFDA)- China, Health Canada, in relation to API products being exported to the relevant jurisdictions by the company.

Objects of the Issue:

  • Funding capital expenditure requirements of the company
  • Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company and
  • General corporate purposes

Company Promoters:

Satish Waman Wagh is the company promoter.

Issue Details


ISSUE OPENS
Thursday, December 16, 2021

ISSUE CLOSES
Monday, December 20, 2021

ISSUE PRICE
Rs 265- Rs 274 Per Equity Share.

BID LOT
54 Equity shares & multiple of 54 Equity shares thereafter.

ALLOTMENT DATE
Tentatively Thursday, December 23, 2021

IPO SIZE
Rs. 700.00 Cr

LISTING EXCHANGES
BSE & NSE

RATIOS
QIB 75% - Retail 15% - NIB 10%

Company Financials

Particulars For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated) 30-Sep-21 31-Mar-21  31-Mar-20  31-Mar-19
Total Assets

5,041.02 

4,458.24 

3,364.01 

 2,530.52  
Total Revenue 2,300.61  3,962.21  3,227.13 

 2,858.62  

Profit After Tax

659.59 

1,238.28 

733.74 

394.24  

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