Symbiotec Pharmalab sets Rs 938–988 price band for Rs 1,757 crore IPO

The IPO will close for subscription on August 27, while bidding by anchor investors will take place on August 21, according to the company's announcement on Wednesday

New Delhi: Pharma and biotech company Symbiotec Pharmalab Ltd is set to launch its Initial Public Offering (IPO) on August 24, seeking to raise Rs 1,757 crore through a combination of a fresh issue and an offer for sale.The price band has been fixed at Rs 938-988 per equity share, valuing the company at around Rs 6,350 crore at the higher end.The IPO will close for subscription on August 27, while bidding by anchor investors will take place on August 21, according to the company's announcement on Wednesday.The issue comprises a fresh issue of equity shares worth up to Rs 150 crore and an Offer For Sale (OFS) of shares aggregating up to Rs 1,607 crore.Gaja Alternative Asset Management Raises ₹165 Crore From Anchor Investors, Secures Funding Ahead Of IPO Launch As a part of the OFS, promoter Satwani Holdings LLP and investors Rosewood Investments and India Business Excellence Fund-III -- would be offloading shares.Proceeds of the fresh issue will be used for debt repayment and general corporate purposes.The Indore-based Symbiotec is a research and development-driven, pharmaceutical and biotechnology company with capabilities across three platforms-organic chemistry, biotechnology and complex injectables.It's a global leader in corticosteroid and steroidal-hormone active pharmaceutical ingredients (APIs).The IPO comes amid heightened activity in India's primary market, with several companies tapping investors to raise funds through the public issue route.Tempsens Instruments to Launch ₹650-Crore IPO on August 20, Price Band Set at ₹285–₹300 per Share Of the net issue, 50 per cent has been reserved for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs) and 35 per cent for retail investors.The equity shares are proposed to be listed on both the BSE and NSE on September 1.JM Financial, Avendus Capital, Motilal Oswal and Nomura Financial are the book-running lead managers to the issue, while MUFG Intime India Pvt Ltd is the registrar.Disclaimer: This story is from the syndicated feed. Nothing has been changed except the headline.

The biopharmaceutical and biotechnology company Symbiotec Pharmalab is set to tap the capital markets with an initial public offering (IPO) worth Rs 1,757 crore. The company has fixed the price band at Rs 938–Rs 988 per share, with the issue opening for subscription on August 24, 2026, and closing on August 27, 2026.Investors can bid for a minimum of 15 equity shares, with bids thereafter available in multiples of 15 shares. At the upper end of the price band, the minimum investment will be Rs 14,820.The IPO is proposed to be listed on both the BSE and NSE, with the tentative listing date scheduled for September 1, 2026. The allotment is likely to be finalised on August 28, 2026.The company is offering eligible employees a Rs 90-per-share discount on bids made through the employee reservation portion.Valuation Under the SpotlightSymbiotec Pharmalab’s IPO valuation is likely to attract close attention from investors. Based on diluted earnings per share for fiscal 2026, the price-to-earnings (P/E) ratio stands at 49.37 times at the lower end of the price band and rises to 52.00 times at the upper end.The company’s weighted average return on net worth for the last three financial years was 10.99%.With the IPO price band translating to 469 times the face value at the floor price and 494 times at the cap price, the issue is positioned as a premium offering in the pharmaceutical and biotechnology space.Where Will the IPO Proceeds Go?The primary objective of the issue is to strengthen the company’s balance sheet. Symbiotec Pharmalab plans to use the proceeds for prepayment and/or repayment, either fully or partially, of certain outstanding borrowings. The remaining funds will be utilised for general corporate purposes.Symbiotec PharmalabFounded in 2002, Symbiotec Pharmalab operates across the biopharmaceutical and biotechnology space, developing and manufacturing active pharmaceutical ingredients (APIs), nutritional ingredients and specialised products for domestic and international markets.The company’s journey began with laboratory-scale manufacturing of steroidal-hormone APIs in 1995. Over the years, it has expanded into an industrial-scale, backward-integrated manufacturing platform serving the pharmaceutical, nutraceutical and wellness sectors.Research-driven manufacturing, quality and sustainability form key elements of its business strategy. Its manufacturing operations have also secured approvals and certifications from several international regulatory bodies, including the US FDA, EU-GMP authorities and South Korea’s Ministry of Food and Drug Safety.As of June 30, 2025, Symbiotec Pharmalab operated two industrial-scale API manufacturing plants. Together, these facilities had a maximum capacity of 584.67 metric tonnes (MT) for chemical synthesis and 300 kilolitres of fermentation capacity.The combination of backward integration, specialised API capabilities and international regulatory approvals gives the company an established position in a segment where manufacturing quality and regulatory compliance can be critical differentiators.IPO Management TeamThe IPO is being managed by JM Financial, Avendus Capital, Motilal Oswal Investment Advisors and Nomura Financial. MUFG Intime India Pvt. Ltd. is acting as the registrar to the issue.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)