Zota Healthcare Ltd IPO Review – Date, GMP And Kostak Rates

Zota Healthcare Ltd IPO Review

The latest in the IPO list is Zota Healthcare Ltd of Surat, Gujarat who are going to hit the market with their initial public offering on 27th April 2017. In this write-up, I will post Zota Healthcare Ltd IPO Review and will find our profit opportunity for you in this issue. Once again this is an SME Issue.

Issue Details:
Issue Date: April 27, 2017 – May 02, 2017
Face Value: Rs. 10 per equity share
Issue Price: Rs. 121 – Rs. 125 per equity share
Issue Size: Rs. 58.5 Crores
Minimum Application: 1000 shares
Listing Exchange: NSE SME

Issue Objectives:
1) Pre-payment of some debts.
2) Short term and long term working capital needs.
3) General corporate purposes.

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Company Details:
Zota Healthcare Ltd has started their operation in 2000 and has grown to be one of the fastest growing companies in the small-cap pharmaceutical space. The companies product line consists of tablets, capsules, ointments, creams, lotions, ayurvedic products, mouthwash etc. The company has a 30000 sq. ft plant located at Surat, Gujarat in the special economic zone. The companies 7 products have been approved for Patent Cooperation Treaty in 140 countries. Brands include names like RTFit, GMT etc. It’s also an ISO 9001:2008 certified company.

The board of directors is occupied by Shri Ketan Kumar Zota, Shri Manukant Zota, Shri Himanshu Zota and Shri Kamlesh Zota.

Company Financials:
Zota Healthcare Ltd IPO
From the image above we can witness a steady and gradual increase of both Zota Healthcare Ltd’s turnover and profits year-on-year.

Zota Healthcare Ltd IPO Review: As per the valuation of the shares the Earnings Per Share (EPS) is around Rs. 3.61 and at the issue price the PE is around 35. Considering the robust financial figures of the company I feel the issue can bring you listing gains as well as holding for medium to long term can multiply the investments well. You can also check the grey market premium before investing.

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