Zenith Drugs Limited IPO

Author: Sachin Gupta Published : 19 February 2024

IPO Details

Open Date 19 Feb 24 22 Feb 24 1600 shares ₹40.68 Cr Lot Size IPO Size Listing At NSE SME Listing Date Price Range ₹75 to ₹79 Close Date Allotment Date 21 Feb 24 27 Feb 24 Zenith Drugs Details

About the Company

Established in 2000, Zenith Drugs Limited is engaged in the business of manufacturing and trading pharmaceutical products. The company specializes in making high-quality and affordable Medicines. The company has received FDA approval for 600+ Products.

Objective

Zenith Drugs Limited plans to utilize the raised capital from the IPO to: ● To upgrade the current manufacturing block. ● To fund the purchase of machinery & equipment to set up a new unit. ● To meet working capital requirements. ● General corporate purposes.

Book Runners

The book-running lead managers to the offer are: Gretex Corporate Services Limited

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