InvestorQ : Can you tell me about the company background of the Supriya Lifesciences IPO that will open for subscription this week?
Debbie Mascarenhas made post

Can you tell me about the company background of the Supriya Lifesciences IPO that will open for subscription this week?

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Arti Chavan answered.
5 months ago
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Supriya Lifesciences IPO will look to raise Rs.700 crore via a combination of fresh issue and an OFS. The company is into the manufacture of active pharma ingredients (APIs), which are the specialized inputs that go into pharmaceutical formulations. Let us first look at what the company does as its core business.

Supriya Lifesciences is into the manufacture of active pharmaceutical ingredients (APIs) for the pharma industry. Its APIs cater to diverse demand segments including anti-histamine, analgesic, anaesthetic, anti-asthmatic, anti-allergic and vitamin. Supriya is one of the largest exporters of Salbutamol Sulphate tablets in terms of export volumes.

The company has a state of the art manufacturing facility in Maharashtra which is spread across 23,806 SFT. For its specialized business it has a total of 7 clean rooms. The company currently has over 1,296 customers and the exports of its products go out to more than 85 countries. It markets through a huge distributor network of 346 agents.

The company is a profit making company and the top line and the bottom line have grown consistently between FY19 and FY21. The top line revenues grew from Rs.285.86 crore in FY19 to Rs.396.22 crore in FY21. During the same period, the net profits have grown from Rs.39.42 crore to Rs.123.83 crore; 2-year profit growth of a whopping 214%.
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