Accretion Pharmaceuticals Ltd IPO
Open Demat Account
Accretion Pharmaceuticals Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 29.46 L | TBA | TBA | ₹ 81.7 L | NSE | ₹ 29.75 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
14 May, 25 | 16 May, 25 | 1200 | ₹ 1,15,200 | Book Building - SME | 21 May, 25 |
Accretion Pharmaceuticals Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Pharmaceuticals - Indian - Bulk Drugs & Formln |
Sub Sector | NA |
Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 0 |
NII | 0x | 0 | 0 |
Retail | 0x | 0 | 0 |
Employee | 0x | 0 | 0 |
Total | 0x | 2946000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Accretion Pharmaceuticals Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 2.22 | TBA | TBA |
EBITDA | 2.44 | TBA | TBA |
PAT | 1.49 | TBA | TBA |
Total Assets | 21.48 | TBA | TBA |
Share Capital | 4.00 | TBA | TBA |
Total Borrowings | 6.35 | TBA | TBA |
Operating Activities (Net Cash) | 1.71 | TBA | TBA |
Investing Activities (Net Cash) | 0.00 | TBA | TBA |
Financing Activities (Net Cash) | 6.35 | TBA | TBA |
Net Cashflow | 0.09 | TBA | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Accretion Pharmaceuticals Ltd
Accretion Pharmaceuticals was incorporated in the year 2012, our Promoters Harshad Nanubhai Rathod, Vivek Ashok Kumar Patel, Mayur Popatlal Sojitra and Hardik Mukundbhai Prajapati, came together to establish a pharmaceutical manufacturing unit, with vision to provide health care products that match international quality standards at competitive price. Thus, the foundation of Accretion Pharmaceuticals was laid down, which was started as a Partnership Firm under the Partnership Act, 1932 (Partnership Act) in the name and style of Accretion Pharmaceuticals, pursuant to a deed of partnership dated December 18, 2012. Our manufacturing facility which is currently located at 28 & 29 Xcelon Ind Park 1, B/H, Intas Pharmaceuticals, Vasna Chacharvadi, Ahmedabad, Sanand, Gujarat 382213, commenced its manufacturing operations in year 2014. Thereafter, pursuant to a resolution passed by the partners of Accretion Pharmaceuticals on October 16, 2023, the Partnership Firm was converted into a Limited Company under Part I (Chapter XXI) of the Companies Act, 2013 in the name of Accretion Pharmaceuticals Limited and a certificate of incorporation dated November 29, 2023 was issued by the Registrar of Companies, Central Registration Centre, for and on behalf of the jurisdictional Registrar of Companies.
The Indian Pharmaceuticals industry plays a prominent role in the global pharmaceuticals industry. Major segments of Indian Pharmaceutical Industry include generic drugs, OTC medicines, bulk drugs, vaccines, contract research & manufacturing, biosimilars and biologics. India is a global leader in the supply of DPT, BCG, and Measles vaccines. The nation is the largest provider of generic medicines globally, occupying a 20% share in global supply by volume, and is the leading vaccine manufacturer globally. India also has the highest number of US-FDA compliant Pharma plants outside of USA and is home to more than 3,000 pharma companies with a strong network of over 10,500 manufacturing facilities as well as a highly skilled resource pool. Overview of the Pharmaceuticals Industry: The pharmaceutical industry in India is expected to reach $65 Bn by 2024 and to $130 Bn by 2030. The pharmaceutical industry in India is currently valued at $50 Bn. India is a major exporter of Pharmaceuticals, with over 200+ countries served by Indian pharma exports. India supplies over 50% of Africa's requirement for generics, ~40% of generic demand in the US and 25% of all medicine in the UK. India also accounts for ~60% of global vaccine demand, and is a leading supplier of DPT, BCG and Measles vaccines. 70% of WHO's vaccines (as per the essential Immunization schedule) are sourced from India.
Presently our Company is engaged in the business of manufacturing and marketing of Tablets, Capsules, Oral Liquid, External Preparations (Ointment, Cream, Gel, Lotion, Medicated Shampoo, Mouthwash, Dusting Powder), And Oral Powder (Sachet, Dry Syrup) etc.
Peer Comparison:
- Sakar Healthcare Ltd
- Lincoln Pharmaceuticals Ltd
- Sotac Pharmaceuticals Ltd
Accretion Pharmaceuticals Ltd IPO Key Points
Strengths
- Experienced Promoters and Management Team.
- Consistently supplying quality products to our valued customers in time.
- Continually improving the quality standards by implementing process control and prevention techniques.
- Long-standing relationship with clients and suppliers.
- Quality standards.
Risk
- A significant portion of its revenue is derived from exports, and any decline in export profitability may adversely impact its overall financial performance.
- The Company operates in pharmaceutical sector, which is extensively regulated, any failures on the company part to comply with the existing and future statutory and/or regulatory requirements in the pharmaceutical sector could adversely affect its business, results of operations and financial condition.
- Its manufacturing units are subject to periodic inspections and audits by regulatory authorities and clients. Its may be subject to regulatory action which may damage the company reputation leading to an adverse effect on its business, results of operations, financial condition and cash flows.
Strategy
- Improve global presence.
- Leveraging our market skills and relationship.
- Maintaining edge over competitors.
- Customer Satisfaction.
- Experienced Promoters and Management Team.
- Consistently supplying quality products to our valued customers in time.
- Continually improving the quality standards by implementing process control and prevention techniques.
- Long-standing relationship with clients and suppliers.
- Quality standards.
How To Apply for Accretion Pharmaceuticals Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.