Zenith Drugs Limited IPO

Zenith Drugs IPO is a book built issue of ?40.68 crores. The issue is entirely a fresh issue of 51.49 lakh shares. The price band of the SME IPO is set at ?75 to ?79 per share. Investors can bid for a minimum of 1600 shares and in multiples thereof. The minimum amount of investment required by retail investors is ?126,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ?252,800. Zenith Drugs IPO offers 9,009,600 shares. 859,200 (9.54%) to QIB, 644,800 (7.16%) to NII, 1,504,000 (16.69%) to RII and 5,148,800 (57.15%) to Anchor investors.

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The Zenith Drugs IPO was subscribed over 1.0 times on the first day of bidding. The SME IPO received 55,47,200 shares against offered 51,48,800 shares, as per data available on NSE. Read more

Check out some recent financials figures of the company:

How do I apply for the Zenith Drugs Limited IPO?

You can apply for the Zenith Drugs Limited IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.