Senores Pharmaceuticals Limited IPO GMP

Senores Pharmaceuticals is a thought-leading pharmaceutical company all set to leave its footprints in the global market. They at Senores Pharmaceuticals are committed to innovate and manufacture products of highest international quality standards to cater to the increasing new-age demands of the global healthcare industry. Senores Pharmaceuticals is currently developing niche, complex and specialty pharmaceuticals products.

Senores Pharmaceuticals, an Book Built Issue amounting to ₹582.11 Crores, consisting an Fresh Issue of 127.87 Lakh Shares worth ₹500.00 Crores and an Offer for Sale of 21.00 Lakh Shares totalling to ₹82.11 Crores. The subscription period for the Senores Pharmaceuticals IPO opens on December 20, 2024, and closes on December 24, 2024. The allotment is expected to be finalized on or about Thursday, December 26, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Monday, December 30, 2024.

The Share price band of Senores Pharmaceuticals IPO is set at ₹372 to ₹391 per equity share. The Market Capitalisation of the Senores Pharmaceuticals Limited at IPO price of ₹391 per equity share will be ₹1,800.69 Crores. The lot size of the IPO is 38 shares. Retail investors are required to invest a minimum of ₹ 14,858, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (532 shares), amounting to ₹ 208,012.

Equirus Capital Private Limited, Ambit Private Limited and Nuvama Wealth Management Limited are the book-running lead manager while Link Intime India Private Limited is the registrar for the Issue. 

Senores Pharmaceuticals Limited IPO GMP Today
The Grey Market Premium of Senores Pharmaceuticals Limited IPO is expected to be ₹176 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Senores Pharmaceuticals Limited Day Wise IPO GMP Trend 

Senores Pharmaceuticals Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 on 24 December 2024, the Senores Pharmaceuticals IPO live subscription status shows that the IPO subscribed 93.69 times on its Final day of subscription period. Check the Senores Pharmaceuticals IPO Live Subscription Status Today at BSE.

Senores Pharmaceuticals IPO Anchor Investors Report
Senores Pharmaceuticals has raised ₹260.63 Crores from Anchor Investors at a price of ₹391 per shares in consultation of the Book Running Lead Managers. The company allocate 66,65,725 equity shares to the Anchor Investors. Check Full List of Senores Pharmaceuticals Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Senores Pharmaceuticals Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Senores Pharmaceuticals IPO allotment date is 26 December, 2024, Thursday. Senores Pharmaceuticals IPO Allotment will be out on 26th December 2024 and will be live on Registrar Website from the allotment date. Check Senores Pharmaceuticals IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Senores Pharmaceuticals Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Senores Pharmaceuticals Limited IPO
Senores Pharmaceuticals proposes to utilise the Net Proceeds towards the following objects: 
1. ₹1,070.00 Million is required for Investment in one of their Subsidiaries, Havix Group, Inc. d/b/a Aavis Pharmaceuticals (“Havix”), to fund capital expenditure requirements for setting up a manufacturing facility for the production of sterile injections in their Atlanta Facility;
2. ₹734.80 Million is required for Re-payment/pre-payment, in full or in part, of certain borrowings availed by their Company;
3. ₹202.20 Million is required for Investment in their Subsidiary, namely, Havix, for re- payment/pre-payment in full or in part, of certain borrowings availed by such Subsidiary;
4. ₹432.59 Million is required for Funding the working capital requirements of the Company;
5. ₹594.83 Million is required for Investment in our Subsidiaries, namely, Senores Pharmaceuticals Inc. (“SPI”) and Ratnatris Pharmaceutical Private Limited (“Ratnatris”) to fund their working capital requirements; and
6. Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes.

Refer to Senores Pharmaceuticals Limited RHP for more details about the Company.