ListedSMESAROJA

Saroja Pharma Industries

Saroja Pharma Industries is a sme IPO raising ₹9 Cr at a fixed price of ₹84 a share. It listed on 13 Sept 2023 and trades at ₹30 today, −64.3% against its issue price of ₹84. It was subscribed 0.00× in total.

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₹84

Issue price

₹30

Price now

−64.3%

Since issue price

13 Sept 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹84

Cut-off price₹84

Issue size₹9 Cr

Shares per lot1600

Minimum application₹1,34,400

Minimum quantity1600

Face value₹10

Listing exchanges—

ISININE0PCL01011

Bidding hours10:00 – 17:00 IST

Bidding window31 Aug 2023 – 5 Sept 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.