Zenith Drugs Limited IPO Closed

Apply now
Don't have a Zerodha account? Sign up

IPO date 19 Feb 2024 – 22 Feb 2024
Listing date 27 Feb 2024
Price range 75 – 79
Minimum order quantity 1600
(D)RHP View

View all IPOs

Zenith Drugs Limited is launching its IPO. The IPO opens for subscription on 19th February and will close on 22nd February 2024.

Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on the listing. 

What does Zenith Drugs Limited do?

Incorporated in 2000, Zenith Drugs Limited is based in Indore and engages in the pharmaceutical industry, focusing on the manufacturing and trading of medicines. The company specializes in a broad array of pharmaceutical products, emphasizing the production of generic medicines. It upholds quality standards, as demonstrated by its WHO-GMP compliance and ISO 9001:2015 certification.

The product range of the company includes: 

  • ORS Powder. 
  • Liquid Orals. 
  • Ointments 
  • Liquid Externals, and Capsules. 

The company has approximately 600 FDA-approved products, 325 of which are regularly manufactured. The company is building a new manufacturing facility in Village Muradpura, Depalpur, Indore, Madhya Pradesh, to increase its operational capacity.

The company distributes its products internationally to several countries, including Central America, the Caribbean, Africa, and Southeast Asia. The company’s business model allows both direct sales and third-party manufacturing services for other pharmaceutical companies.

Schedule of  Zenith Drugs Limited IPO

Issue Period 19th February to 22nd February 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment February 23, 2024
Initiation of Refunds February 26, 2024
Credit of Shares February 26, 2024
Date of Listing February 27, 2024
Mandate end date March 07, 2024
Anchor Investors Lock-In End Date (50% of the investment) March 23, 2024
Anchor Investors Lock-In End Date (Remaining investment) May 23, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Zenith Drugs Limited IPO?

You can apply for the Zenith Drugs Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Zenith Drugs Limited IPO?

You can check the allotment status for the Zenith Drugs Limited IPO on the website of the Registrar and Transfer agent