Solara Active Pharma Sciences Ltd Right Issue

₹449.95 Cr BSE, NSE 28 May 2024 – 11 Jun 2024

Closed Ratio: 1 : 3 BSE, NSE
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Issue Price
₹375.00
Face Value
₹10.00
Issue Size (Shares)
11,998,755
Issue Size (₹ Cr.)
₹449.95
📅 Right Issue Timetable
Last Date to Buy SharesTue, May 14, 2024
Record DateWed, May 15, 2024
Credit of Rights EntitlementsMon, May 27, 2024
Bid/Offer Opens OnTue, May 28, 2024
Issue Open DateTue, May 28, 2024
Renunciation Last DateWed, Jun 5, 2024
Bid/Offer Closes OnWed, Jun 5, 2024
Issue Close DateTue, Jun 11, 2024
Deemed Date of AllotmentWed, Jun 19, 2024
Credit DateWed, Jun 19, 2024
Listing DateThu, Jun 20, 2024
📋 Right Issue Details
Issue Size (Shares)11,998,755
Issue Size (Amount)₹449.95 Cr.
Issue Price₹375.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 3
Listing AtBSE, NSE
Terms of PaymentIssue Price of Rs.375/- per share is payable as Rs.131.25 per share on Application. The remaining amount will be called within 24 months from the date of allotment in the Issue or within such extended period as may be determined by the Board or Rights Issue Committee of the Company at its sole discretion from time to time.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-312021-03-31
Income14.6612.8816.46
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company; and
2General corporate purposes.
🏢 About the Company
Solara Active Pharma Limited was founded in 2015 and develops and manufactures commercial Active Pharmaceutical Ingredients (API) for a wide range of therapeutic categories.

The company's manufacturing facilities are located in Ambernath, Maharashtra; Cuddalore, Tamilnadu; Mangaluru, Karnataka; Pondicherry; Mysore and Vizag.
Some of the therapeutic APIs in the company's product list include Amyotrophic Lateral Sclerosis, Anesthetics, Anthelmintics, Anti-Hyperlipidemics and so on.

As of February 2024, the company offers more than 60 commercial APIs, and 10 more APIs are currently in the development pipeline.
📞 Company Contact
CompanySolara Active Pharma Sciences Ltd
Address201, Devavrata,
Sector 17,
Vashi Navi Mumbai - 400703
Navi Mumbai, Maharashtra, 400703
Phone+91-22-2789 2924
Emailinvestors@solara.co.in
WebsiteVisit ↗
📝 Registrar
NameCameo Corporate Services Ltd
Phone044-28460390/28460391/28460392
Emailrights@cameoindia.com
WebsiteVisit ↗