{"id":41086,"date":"2024-12-20T12:53:46","date_gmt":"2024-12-20T07:23:46","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=41086"},"modified":"2024-12-20T12:53:46","modified_gmt":"2024-12-20T07:23:46","slug":"senores-pharmaceuticals-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/senores-pharmaceuticals-ipo\/","title":{"rendered":"Senores Pharmaceuticals IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"41086\" class=\"elementor elementor-41086\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4cfcf0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4cfcf0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3e1a45e\" data-id=\"3e1a45e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-066ccdb elementor-widget elementor-widget-text-editor\" data-id=\"066ccdb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Senores Pharmaceuticals IPO is a book-built issue of Rs 582.11 crores. The issue is a combination of a fresh issue of 1.28 crore shares aggregating to Rs 500.00 crores and an offer for sale of 0.21 crore shares aggregating to Rs 82.11 crores.<\/span><\/p><p><span style=\"color: #000000;\">IPO opens for subscription on December 20, 2024, and closes on December 24, 2024. The price band for the IPO is set at \u20b9372 to \u20b9391 per share and the minimum lot size for an application is 38 shares.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a07e1a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a07e1a2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6f695cf\" data-id=\"6f695cf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1814ed7 elementor-widget elementor-widget-text-editor\" data-id=\"1814ed7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Company Summary<\/strong><\/span><\/p><p><span style=\"color: #000000;\">Incorporated in December 2017, Senores Pharmaceuticals Limited develops and manufactures a range of pharmaceutical products primarily for the regulated markets of the US, Canada, and the UK, while also serving emerging markets.<\/span><\/p><p><span style=\"color: #000000;\">The company&#8217;s product portfolio consists of Amphetamine Sulfate Tablets, Hydroxychloroquine Sulfate Tablets, Ketoconazole Tablets, Butalbital, Acetaminophen and Caffeine Capsules, Mexiletine Hydrochloride Capsules, Ketorolac Tromethamine Tablets, Diclofenac Potassium Tablets, Diclofenac Potassium Tablets, Nicardipine Hydrochloride Capsules, Escitalopram Tablets, Prochlorperazine Maleate Tablets USP, Terazosin Capsules USP, Morphine Sulfate Tablets, Methadone Hydrochloride Tablets, Cyclobenzaprine Hydrochloride Tablets, Irbesartan Tablets, Risperidone Tablets Topiramate Capsules, and Ivermectin Tablets for regulated markets.<\/span><\/p><p><span style=\"color: #000000;\">As of September 30, 2024, the company has launched 55 products in key therapeutic areas, including antibiotics and anti-fungal treatments. They have established partnerships with distributors and hospitals across several states in India.<\/span><\/p><p><span style=\"color: #000000;\">As of September 30, 2024, the company operates three dedicated R&amp;D facilities in India and the US.<\/span><\/p><p><span style=\"color: #000000;\">The company operates in Emerging Markets across 43 countries and manufactures critical care injectables and APIs and the company&#8217;s manufacturing unit is situated in Ahmedabad, Gujrat.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6862d06 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6862d06\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b5b69b1\" data-id=\"b5b69b1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-778a283 elementor-widget elementor-widget-text-editor\" data-id=\"778a283\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Company Strengths<\/strong><\/span><\/p><ol><li><span style=\"color: #000000;\">The company serves the US, Canada, and the \u00a0\u00a0UK regulated markets with its US FDA-approved manufacturing facility.<\/span><\/li><li><span style=\"color: #000000;\">A unique product portfolio tailored for regulated markets developed in a brief period.<\/span><\/li><li><span style=\"color: #000000;\">Long-term marketing agreements with pharmaceutical companies in the US, Canada, and the United Kingdom regulated markets.<\/span><\/li><li><span style=\"color: #000000;\">Presence in Emerging Markets with a product portfolio, including specialty or complex products.<\/span><\/li><li><span style=\"color: #000000;\">Robust R&amp;D capabilities driving our differentiated portfolio of products.<\/span><\/li><li><span style=\"color: #000000;\">Experienced Management Team.<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-99316b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"99316b8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e1cf10a\" data-id=\"e1cf10a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fff70ca elementor-widget elementor-widget-text-editor\" data-id=\"fff70ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Company Financials<\/strong><\/span><\/p><table><tbody><tr><td width=\"113\"><span style=\"color: #000000;\"><strong>Period Ended<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\"><strong>30 Sep 2024<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\"><strong>31 Mar 2024<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\"><strong>31 Mar 2023<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\"><strong>31 Mar 2022<\/strong><\/span><\/td><\/tr><tr><td width=\"113\"><span style=\"color: #000000;\"><strong>Assets<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">678.08<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">621.88<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">131.05<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">59.15<\/span><\/td><\/tr><tr><td width=\"113\"><span style=\"color: #000000;\"><strong>Revenue<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">183.35<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">217.34<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">39.02<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">14.63<\/span><\/td><\/tr><tr><td width=\"113\"><span style=\"color: #000000;\"><strong>Profit After Tax<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">23.94<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">32.71<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">8.43<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">0.99<\/span><\/td><\/tr><tr><td width=\"113\"><span style=\"color: #000000;\"><strong>Net Worth<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">319.06<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">231.71<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">45.5<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">36.59<\/span><\/td><\/tr><tr><td width=\"113\"><span style=\"color: #000000;\"><strong>Reserves and Surplus<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">263.36<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">175.94<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">35.25<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">25.37<\/span><\/td><\/tr><tr><td width=\"113\"><span style=\"color: #000000;\"><strong>Total Borrowing<\/strong><\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">242.03<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">248.38<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">60.76<\/span><\/td><td width=\"113\"><span style=\"color: #000000;\">14.21<\/span><\/td><\/tr><tr><td colspan=\"5\" width=\"568\"><p style=\"text-align: right;\"><span style=\"color: #000000;\">Amount in \u20b9 Crore<\/span><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a9f652 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a9f652\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-970d4df\" data-id=\"970d4df\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-008885e elementor-widget elementor-widget-text-editor\" data-id=\"008885e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Objectives of the IPO<\/strong><\/span><\/p><p><span style=\"color: #000000;\">The Company proposes to utilize the Net Proceeds towards funding the following objects:<\/span><\/p><p><span style=\"color: #000000;\">1. Investment in one of the Subsidiaries, Havix Group, Inc. d\/b\/aAavis Pharmaceuticals(\u201cHavix\u201d), to fund capital expenditure requirements for setting up a manufacturing facility for the production of sterile injections in the Atlanta Facility.<\/span><br \/><span style=\"color: #000000;\">2. Repayment\/pre-payment, in full or in part, of certain borrowings availed by the Company.<\/span><br \/><span style=\"color: #000000;\">3. Investment in the Subsidiary, namely, Havix, for re-payment\/pre-payment in whole or part of certain borrowings availed by such Subsidiary.<\/span><br \/><span style=\"color: #000000;\">4. Funding the working capital requirements of the Company.<\/span><br \/><span style=\"color: #000000;\">5. Investment in the Subsidiaries, namely, Senores Pharmaceuticals Inc. (\u201cSPI\u201d)and Ratnatris Pharmaceutical Private Limited (\u201cRatnatris\u201d), to fund their working capital requirements.<\/span><br \/><span style=\"color: #000000;\">6. Funding inorganic growth through acquisition and other strategic initiatives and general corporate purposes.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9e8a9bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e8a9bd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ef8a720\" data-id=\"ef8a720\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03fa99a elementor-widget elementor-widget-text-editor\" data-id=\"03fa99a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Promoters of the company<br \/><\/strong>The promoters of the company are Swapnil Jatinbhai Shah and Ashokkumar Vijaysinh Barot<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d537082 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d537082\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-68bfe4f\" data-id=\"68bfe4f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa63f4c elementor-widget elementor-widget-text-editor\" data-id=\"fa63f4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>IPO details<\/strong><\/span><\/p><table><tbody><tr><td><span style=\"color: #000000;\"><strong><b>IPO Date<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">December 20, 2024 to December 24, 2024<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Listing Date<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Monday, December 30, 2024<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Face Value<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">\u20b910 per share<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Price Band<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">\u20b9372 to \u20b9391 per share<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Lot Size<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">38 Shares<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Total Issue Size<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">1,48,87,723 shares (aggregating up to \u20b9582.11 Cr)<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Fresh Issue<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">1,27,87,723 shares (aggregating up to \u20b9 500.00 Cr)<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Offer for Sale<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">21,00,000 shares of \u20b910 (aggregating up to \u20b982.11 Cr)<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Issue Type<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Book Built Issue IPO<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Listing At<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">BSE, NSE<\/span><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-83a6474 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"83a6474\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-035ec8b\" data-id=\"035ec8b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dba9571 elementor-widget elementor-widget-text-editor\" data-id=\"dba9571\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Lot Allocation details<\/strong><\/span><\/p><table><tbody><tr><td><span style=\"color: #000000;\"><strong><b>Application<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\"><strong><b>Lots<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\"><strong><b>Shares<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\"><strong><b>Amount<\/b><\/strong><\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Retail (Min)<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">1<\/span><\/td><td><span style=\"color: #000000;\">38<\/span><\/td><td><span style=\"color: #000000;\">\u20b914,858<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Retail (Max)<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">13<\/span><\/td><td><span style=\"color: #000000;\">494<\/span><\/td><td><span style=\"color: #000000;\">\u20b91,93,154<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>S-HNI (Min)<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">14<\/span><\/td><td><span style=\"color: #000000;\">532<\/span><\/td><td><span style=\"color: #000000;\">\u20b92,08,012<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>S-HNI (Max)<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">67<\/span><\/td><td><span style=\"color: #000000;\">2,546<\/span><\/td><td><span style=\"color: #000000;\">\u20b99,95,486<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>B-HNI (Min)<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">68<\/span><\/td><td><span style=\"color: #000000;\">2,584<\/span><\/td><td><span style=\"color: #000000;\">\u20b910,10,344<\/span><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1881702 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1881702\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-33f881f\" data-id=\"33f881f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ea90f1 elementor-widget elementor-widget-text-editor\" data-id=\"0ea90f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Allotment Schedule<\/strong><\/span><\/p><table><tbody><tr><td><span style=\"color: #000000;\"><strong><b>Basis of Allotment<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Thursday, December 26, 2024<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Initiation of Refunds<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Friday, December 27, 2024<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>The credit of Shares to Demat<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Friday, December 27, 2024<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Listing Date<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Monday, December 30, 2024<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Cut-off time for UPI mandate confirmation<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">5 PM on December 24, 2024<\/span><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-896010a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"896010a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5552cba\" data-id=\"5552cba\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4f3cc1 elementor-widget elementor-widget-text-editor\" data-id=\"d4f3cc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>IPO Reservation<\/strong><\/span><\/p><table><tbody><tr><td><span style=\"color: #000000;\"><strong><b>Investor Category<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\"><strong>Shares Offered<\/strong><\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>QIB Shares Offered<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Not less than 75% of the Net Issue<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>Retail Shares Offered<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Not more than 10% of the Net Issue<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\"><strong><b>NII (HNI) Shares Offered<\/b><\/strong><\/span><\/td><td><span style=\"color: #000000;\">Not more than 15% of the Net Issue<\/span><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-18dd5b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"18dd5b4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-274e84a\" data-id=\"274e84a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8c32bcf elementor-widget elementor-widget-text-editor\" data-id=\"8c32bcf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">To check allotment, <a href=\"https:\/\/linkintime.co.in\/Initial_Offer\/public-issues.html\" target=\"_blank\" rel=\"noopener\">click here<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a8dce51 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a8dce51\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58900ab\" data-id=\"58900ab\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-60117d2 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"60117d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/onelink.to\/449wqx\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply for IPO <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Senores Pharmaceuticals IPO is a book-built issue of Rs 582.11 crores. The issue is a combination of a&hellip;","protected":false},"author":5,"featured_media":41099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[611,23,55],"class_list":{"0":"post-41086","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-latest-ipo","9":"tag-stock-market","10":"tag-upcoming-ipo","11":"cs-entry","12":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senores Pharmaceuticals IPO - Flattrade Kosh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/senores-pharmaceuticals-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senores Pharmaceuticals IPO - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"Senores Pharmaceuticals IPO is a book-built issue of Rs 582.11 crores. 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