Supriya-Lifescience-Limited-IPO-elite-wealth

Supriya Lifescience Limited IPO Company Profile: – 

Supriya Lifesciences Limited is the largest exporter of Chlorpheniramine Meleate, Ketamine Hydrochloride and Salbutamol Sulphate from India, they supply their product to India and Global Pharma companies, around 70% of the revenue come from Export Market where they supply to 86 countries around the globe, Europe and America are their largest market. Supriya plant has certification from all the top Pharma Agencies in the world and has a very strong R&D capability and are regularly entering niche products. Company has shown strong financial performance in last three years and this trend is expected to continue due to china plus one policy and government initiative of becoming self-reliant in API space. At the higher price band of ₹274 Company will trade at P/E of 17.81x post issue FY21E which is inline with other API Company, so we are recommending SUBSCRIBE to this IPOSupriya Lifescience Limited founded in 1987 by Dr Satish Waman Wagh is the leading manufacturer and supplier of Active Pharmaceuticals Ingredients (API). Company has niche product offering of 39 APIs mainly focus on analgesic, anaesthetic, vitamins, anti – asthmatic and anti-allergic. They export 50% of Chlorpheniramine Meleate and 70% of Ketamine Hydrochloride from India. Company has been exporting to 86 countries which include North America, Europe, Asia and Latin America. Supriya has one manufacturing facility in Khed District Ratnagiri Maharashtra which has been approved by USFDA, PDMA Japan, NMPA, Canada Health Department and many other health Agencies.  Company has a strong R&D capability and are constantly innovating new products.


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    Supriya Lifescience Limited IPO Details –

    Issue Details
    Objects of the issue ·Funding New capex requirement of the company

    ·Repayment/Prepayment of current Borrowing of the company.

    ·General corporate purposes.

    Issue Size Total issue Size -Rs. 700 Cr.

    Offer for Sale – Rs. 500 Cr.

    Fresh Issue – Rs. 200 Cr.

    Face value Rs.2.00 Per Equity Share
    Issue Price Rs. 265 – Rs.274
    Bid Lot 54 shares
    Listing at  BSE, NSE
    Issue Opens: 16thDec, 2021 – 20th Dec, 2021
    QIB 75% of Net Issue Offer
    Retail 10% of Net Issue Offer
    NIB 15% of Net Issue Offer

    Supriya Lifescience Limited IPO

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    Check Supriya Lifescience Limited IPO Allotment Status

    Go Supriya Lifescience Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

    One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

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    3. Select IPO as Supriya Lifescience Limited IPO
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    Supriya Lifescience Limited IPO

    Application Form

    Supriya Lifescience Limited IPO Financial Performance:

    Supriya-Lifescience- Limited -IPO-finanical

    Supriya Lifescience Limited IPO Positive outlook of the Firm:

    • Company is market in Chlorpheniramine Meleate and Ketamine Hydrochloride.

    • Company is constantly innovating has very strong R&D team.

    • They are exporting to large number of countries so their dependence on one country is less and their site has approval from many agencies.

    • Company financial performance has been very strong and has almost tripled their profits in last 3 year, and their Debt/Equity has improved from 2.38x to 0.55x.

    Supriya Lifescience Limited IPO Strengths:

    • Company is market leader in Chlorpheniramine Meleate and Ketamine Hydrochloride.

    • Company is constantly innovating and entering niche products and has very strong R&D capability.

    • They are exporting to large number of countries so their dependence on one country is less and their site has approval from many world agencies.

    • Financial performance has been very strong and has almost tripled their profits in last 3 year, and their Debt/Equity has improved from 2.38x to 0.55x.

    Supriya Lifescience Limited IPO Key Highlights:

    • Revenue increased at 17.73% CAGR from FY19 to FY21, EBITDA Margin has improved from 26.19% to 46.23%.

    • PAT has grown at CAGR of 77% from ₹ 39.42 crore in FY19 to ₹123.82 crore in FY21.

    • In the first half of FY22 company has reported revenue of ₹ 230.06 crore and a Profit of ₹ 65.95 crore and EBITDA Margin of 43.89%.

    • In FY21 company has generated cash flow of ₹ 80 crore and free cash flow of ₹ 31.8 crore.

    • In FY 2021, Europe contributed 17.40%, Latin America contributed 19.15%, Asia (ex of India) contributed 29.27% and North America contributed 4.76% of the total revenue.

    Supriya Lifescience Limited IPO Risk Factors:

    • Company generate significant portion of their revenue from few players, so a loss of customer can significantly affect revenue of the company.

    • Company operates in highly regulated sector and they have to comply with the safety and manufacturing norms of various agencies, so any lapses in manufacturing standard can put a ban on their plant.

    Supriya Lifescience Limited IPO Shareholding Pattern:

    Shareholding Pattern Pre- Issue Post Issue
    Promoters & Promoter Group 99.98% 68.24%
    Public  0.02% 31.76%

    Supriya Lifescience Limited IPO Financials:

    Particulars (in Rs. Cr.) As at/ for the year ended March 31, 2021 As at/ for the year ended March 31, 2020 As at/ for the year ended March 31, 2019
    Net Worth 268.94 149.19 93.79
    Total revenue 385.36 311.64 277.84
    Net Profit 123.82 73.40 39.42
    Net cash inflow/ (outflows) 79.93 116.06 48.67

    Supriya Lifescience Limited IPO Outlook:

    Supriya Lifesciences Limited is the largest exporter of Chlorpheniramine Meleate, Ketamine Hydrochloride and Salbutamol Sulphate from India, they supply their product to India and Global Pharma companies, around 70% of the revenue come from Export Market where they supply to 86 countries around the globe, Europe and America are their largest market. Supriya plant has certification from all the top Pharma Agencies in the world and has a very strong R&D capability and are regularly entering niche products. Company has shown strong financial performance in last three years and this trend is expected to continue due to china plus one policy and government initiative of becoming self-reliant in API space. At the higher price band of ₹274 Company will trade at P/E of 17.81x post issue FY21E which is inline with other API Company, so we are recommending SUBSCRIBE to this IPO

    Lead Manager Details

    1)  ICICI Securities Limited

    ICICI Securities Limited ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025

    Telephone: +91 22 6807 7100

    Email: supriya.ipo@icicisecurities.com

    Investor Grievance e-mail: customercare@icicisecurities.com

    Website: www.icicisecurities.com

    Contact Person: Sameer Purohit / Akhil Mohod

    SEBI Registration No.: INM000011179

    2) Axis Capital Limited

    Axis Capital Limited 1st floor, Axis House C-2 Wadia International Centre P.B. Marg, Worli, Mumbai 400 025

    Telephone: +91 22 4325 2183

    Email: sll.ipo@axiscap.in Investor Grievance

    e-mail: complaints@axiscap.in Website: www.axiscapital.co.in

    Contact Person: Simran Gadh

    SEBI Registration No.: INM000012029

    3) Link Intime India Private Limited

    Link Intime India Private Limited C-101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli West Mumbai 400 083 Maharashtra. India

    Tel: +91 22 4918 6200

    E-mail: supriyalife.ipo@linkintime.co.in

    Website: www.linkintime.co.in

    Contact Person: Shanti Gopalkrishnan

    SEBI Registration No.: INR000004058

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