SPC Life Science IPO, Subscription Rate

SPC Life Sciences IPO Details: Although an exact date for SPC Life Sciences’ initial public offering (IPO) has yet to be set, their target date for market entry and closing will likely fall on October 2023. Their aim is to raise around Rs 300 crores through this IPO which includes both fresh issue of Rs300 crores as well as sale of up to 8.938,870 equity shares priced at Rs10 each; retail quota will make up 35% while QIB participation accounts for 50% while HNI investors hold 15%.

Pharmaceutical ingredients maker SPC Life Sciences Ltd was given permission by regulator Sebi to raise capital through an initial public offering (IPO). The offer comprises fresh issues of equity shares worth Rs 300 crore plus offers from promoter Snehal Rajivbhai Patel who intends to sell off 89,39 lakh shares according to its draft red herring prospectus.

Preferable placement options could reach Rs 60 crore; should such an option prove successful.

SPC Life Science IPO

SPC Life Sciences is one of India’s premier manufacturers of advanced intermediates for key active pharmaceutical ingredients (APIs) such as Pentoxifylline, AmiodaroneHCL, Cilostazol, Trazodone, Tramadol and Paroxetine. They are an R&D-led chemical manufacturing firm focused on long-chain multi-stage reactions.

Pharma Intermediates produced by them are increasingly utilized across a range of therapeutic areas including cardiovascular medicine, antiplatelet agents (vasodilators), antipsychotic and antidepressant therapy; some even enjoy significant market shares both nationally and globally for certain products.

Equipped with US FDA-compliant manufacturing facilities for 6-Chloro-Hexane-2-One manufacturing processes they work directly with pharmaceutical companies seeking US FDA compliant supply chains as part of their supply chains to develop Pharma Intermediates as part of their supply chains.

They invest heavily in R&D activities as a differentiating factor and sustainable advantage relative to competitors, leveraging R&D activities as part of a sustainable solution for differentiation and sustainability against their rivals.

Alongside manufacturing facilities at Ankleshwar and Dahej, our R&D Facility – located at GIDC Makarpura Vadodara with over an aggregate built up area of 1,390.46 square mts – boasts an analytical development laboratory (ADL), infrastructure for developmental activities, freezing specifications as well as developing methods of analysis on KSM’s in-process intermediates, finished products as well as raw materials (KSM, IPIAs).

Spc Life Sciences Limited was formed on 15 June, 2005 as an unlisted public limited company located in Vadodara, Gujarat and with an authorized share capital of INR 60.00 crore and total paid-up capital of INR 44.69 cr. It operates with 30 full time staff as an unlisted public company and currently possesses 60.00 crore of authorized share capital compared with 44.69 cr. of total paid up capital.

Spc Life Sciences Limited’s operating revenues for its fiscal year ending 31 March, 2020 fall between INR 100 crore – 500 crore, while EBITDA increased 4.50 % year over year and book networth increased 46.19 %; other performance and liquidity ratios can be found here.

Description of Services Offered: Our company produces pharmaceutical intermediaries.

Products/ Services Offered: Fluconazole, Therapeutic Pharmaceutical Ingredients and Nutraceuticals etc, Category of Manufacturer.

SPC Life Science IPO Listing Dates and Details:

IPO Open:2023
IPO Close:2023
IPO Size:Approx ₹[.] Crores
Fresh Issue:Approx ₹300 Crores
Offer for Sale:Approx 8,938,870 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹[.] to ₹[.] Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here

SPC Life Science IPO Lot Size:

Retail investors can apply up to 13 times with shares valued at [.] each or a Rs[.] application amount each. The Minimum Market Lot for SPC Life Sciences’ Initial Public Offering is set at [.] shares at an application cost of [Rs[.].

ApplicationLot SizeSharesAmount
Retail Minimum1
Retail Maximum13
S-HNI Minimum14
B-HNI Minimum68

SPC Life Science IPO Allotment & Listing Dates:

SPC Life Sciences plans on listing its initial public offering (IPO) by 2023 with allotments finalizing and an official listing date confirmed for October of that year.

Price Band Announcement:2023
Anchor Investors Allotment:2023
IPO Open Date:2023
IPO Close Date:2023
Basis of Allotment:2023
Refunds:2023
Credit to Demat Account:2023
IPO Listing Date:2023

SPC Life Science Company Financial Report:

  ₹ in Crores
YearRevenueExpensePAT
2020₹121.10₹106.92₹10.38
2021₹136.14₹113.92₹16.67
2022₹146.44₹120.56₹19.23

Company details:

CategoryDetails
Peer GroupAarti Industries
Ami Organics
Neogen Chemicals
Aether Industries
Anupam Rasayan
Tatva Chintan
Company PromotersSnehal Ravjibhai Patel
IPO RegistrarLink Intime India Private Ltd
Phone: +91810 811 4949
Email: s[email protected]
Website: Link Intime
IPO Allotment Status CheckCheck SPC Life Sciences IPO allotment status on Linkintime website allotment URL.
Lead Managers (Merchant Bankers)Ambit Capital Private Limited
HDFC Bank Limited
Company AddressSPC Life Sciences Limited
284/1, 2 & 3, GIDC Estate,
Makarpura, Vadodara –390 010,
Gujarat, India;
Phone: +91 2652658894;
E-mail: [email protected]
Website: SPC Life Sciences

Conclusion

I hope that this article provides an accurate assessment of SPC Life Science IPO listing, both its initial dips and its ongoing strength. Keep in mind, however, that stock market dynamics are complex; accurately anticipating their performance cannot always be predicted with certainty.

Disclaimer: This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

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