The Solara Active Pharma Sciences Ltd date has been confirmed from May 28, 2024 – June 11, 2024.
The Solara Active Pharma Sciences Ltd. IPO has a fixed issue size of ₹449.95 Crores. The manufacturing facilities of the company are situated in different cities, such as Ambernath, Maharashtra; Cuddalore, Tamil Nadu; Mangaluru, Karnataka; Pondicherry; Mysore; and Vizag. The company’s product list consists of various therapeutic APIs like amyotrophic lateral sclerosis, anesthetics, anthelmintics, anti-hyperlipidemics, and more.
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Key Details Of Solara Active Pharma Sciences Ltd
Bidding Dates
May 28- June 11
Issue Size
₹449.95 Crores
Face Value
₹10 per share
Record Date
May 15, 2024
Solara Active Pharma Sciences Ltd Record Date
The Solara Active Pharma Sciences Ltd Record Date is May 15, 2024.
IPO Overview
Solara Active Pharma Limited was established in 2015. It specializes in producing and developing Active Pharmaceutical Ingredients (API) for various therapeutic categories. Currently, the company has over 60 commercial APIs available, with an additional 10 APIs in the development phase.
Solara Active Pharma Sciences Ltd Rights Issue Detail
| Issue Open | May 28, 2024 – June 11, 2024 |
| Security Name | Solara Active Pharma Sciences Ltd |
| Issue Size (Shares) | 11,998,755 |
| Issue Size (Amount) | ₹449.95 Crores |
| Issue Price | ₹375 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Partly paid-up Equity Shares; In three calls i.e. 35% on the application; 35% on the first call and 30% on final call. |
| Entitlement | 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
Solara Active Pharma Sciences Ltd Rights Issue 2024 Issue Timetable
| Last Date to buy shares | May 14, 2024 |
| Record Date | May 15, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | May 28, 2024 |
| Renunciation of Rights Entitlements | June 5, 2024 |
| Bid/Offer Closes On | June 11, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Solara Active Pharma Sciences Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 28.99 | 29.45 | 26.14 |
| Revenue | 14.66 | 12.88 | 16.46 |
| Profit After Tax | -0.22 | -0.58 | 2.21 |
| Amount in ₹ Crore | |||
Company Profile
Solara’s main goal is to enhance the health of patients globally by promoting innovation in APIs for top-notch healthcare. We embody the motto ‘Together for a healthier world’ by not only taking action, but also sparking change, aiding individuals, and leaving a meaningful mark.
Transform our developing CRAMS business into an international venture by offering advanced technology-driven solutions for substantial growth. Our main goal is to improve the health of patients worldwide through innovation in APIs, focusing on
delivering high-quality healthcare solutions.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Solara Active Pharma Sciences Ltd |
| Phone number | +91-22-2789 2924 |
| Email ID | [email protected] |
| Website | solara.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Solara Active Pharma Sciences Ltd IPO FAQs
What is the issue price for Solara Active Pharma Sciences Rights Issue 2024?
Solara Active Pharma Sciences Rights Issue 2024 price is set at ₹375 per share per equity share.
In what ratio is the Solara Active Pharma Sciences Rights Issue 2024 offered?
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (May 15, 2024).
What is the record date for Solara Active Pharma Sciences Rights Issue 2024?
The record date for the Solara Active Pharma Sciences Rights Issue 2024 is May 15, 2024.
What is the issue size of Solara Active Pharma Sciences Rights Issue 2024?
The issue size of Solara Active Pharma Sciences Rights Issue 2024 is of 11,998,755 equity shares at ₹375 per share aggregating upto ₹449.95 Crores.
