SENORES PHARMACEUTICALS LIMITED

20 Dec 2024 - 24 Dec 2024 Employee Category Main Board BSE NSE

Min Investment

₹14858

Price Band

₹372-₹391

Issue Size

85.35 lakhs
Equity Shares

Lot Size

38

IPO Dates
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20 Dec 2024

Open Date

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24 Dec 2024

Close Date

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26 Dec 2024

Allotment Date

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30 Dec 2024

Listing Date

Senores Pharmaceuticals IPO GMP is around Rs 138 per share. The price band of this IPO is Rs 372 - Rs 391 per share. The grey market premium quotation indicates huge interest of retail investors. After the release of the IPO issue date final GMP quote will be available. The Lot size of this IPO is  Senores Pharmaceuticals IPO open date is 20 December to 24 December 2024. This new IPO is a book-built issue of 1.55 crore equity shares. This IPO is a combination of fresh issue and offer-for-sale.

Know Before Investing

Strengths icon

  • Strong presence in regulated markets with FDA-approved manufacturing facility
  • Diverse portfolio of 55 products across key therapeutic areas
  • Established R&D infrastructure with three dedicated research facilities

Weaknesses icon

  • Limited manufacturing footprint with single facility in Ahmedabad
  • Relatively new company with only seven years of operations
  • High dependence on regulated markets for revenue generation

About Senores Pharmaceuticals Limited

Senores Pharmaceuticals Limited started in 2017 with the aim of finding and developing and manufacturing various quantities of specialty and complex pharmaceutical drugs. By March 2024, the firm had already released 54 drugs in strategic therapeutic categories consisting of antibiotics, antibacterials, antifungals, as well as treatment for blood. The company has three R&D facilities, two in India and one in the US. The company is planning to merge these three into a single dedicated facility in Ahmedabad. The company is growing into the future by expanding its Atlanta site through a brownfield project and enhancing its R&D capacity with new laboratory equipment. Besides, it is planning to set up a specialised injectables manufacturing facility in the US for the production and marketing of high-value injectables in the American market.

Founded

2017

Managing Director

Swapnil Jatinbhai Shah

Parent Organization

IPO Objectives

Senores Pharmaceuticals IPO funds will be utilised for setting up a manufacturing plant for the production of sterile injections. Also, the funds will be used for meeting the day-to-day capital needs of the company and funding the subsidiaries. The remaining money will be utilised in the payment of Debt.

Company Promoters

Swapnil Jatinbhai Shah

Ashokkumar Vijaysinh Barot

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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