Cotec Healthcare Limited IPO: GMP today, Price, Review, Detail

Cotec Healthcare Limited is a pharmaceutical Contract Development and Manufacturing Organisation (CDMO) that develops and manufactures a wide range of formulations including injectables, tablets, capsules, ointments, syrups, eye/ear drops and other dosage forms for institutional and private clients.
Cotec is reported to be one of India’s largest CDMO players with capabilities across multiple formulation types.

It has served over 154 customers in FY25 with operations across 24 states/UTs in India and exports to 14 countries and is recognised as the second-largest CDMO in India by number of dosage forms, reflecting meaningful market presence.

Cotec Healthcare Limited has filed DRHP with SEBI for a proposed IPO with an issue size of ₹ 295 Crore + 6,000,000 Equity Shares consisting Fresh Issue of ₹ 295 Crore and Offer for Sale (OFS) of 6,000,000 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Issue Size:₹ 295 Cr + 6,000,000 Equity Shares
Fresh Issue:₹ 295 Crore
Offer for Sale:6,000,000 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Cotec Healthcare Limited important data points


Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 59 Cr
Revenue:₹ 192.2 Cr
EBITDA₹ 31.4 Cr
PAT₹ 20 Cr
EBITDA Margin:~16.36%
PAT Margin~10.40%
Face Value:Rs. 05 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment₹ 00 Cr
Setting up new project to enhance manufacturing₹ 226.25 Cr
General Corporate PurposeBalance
Subsidiary Investment₹ 00 Cr

Cotec Healthcare Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 82.4₹ 138.0₹ 192.2
PAT (₹ Cr)₹ 5.0₹ 10.5₹ 20.0
Asset (₹ Cr)₹ 68.6₹ 95.8₹ 136.6
Net Worth (₹ Cr)₹ 28.3₹ 38.9₹ 59.0

Cotec Healthcare IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
31-Jan₹ –₹ –₹ –
30-Jan₹ –₹ –₹ –
29-Jan₹ –₹ –₹ –
28-Jan₹ –₹ –₹ –
27-Jan₹ –₹ –₹ –
26-Jan₹ –₹ –₹ –

Cotec Healthcare Limited

Cotec Healthcare Limited IPO Pros & Cons

Strengths:

Risks:

Cotec Healthcare Limited Promoters – Pre offer equity (Approx)

Harsh Tiwari~73.72%
Vandana Tiwari~24.37%

Cotec Healthcare Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)1₹ –
Retail (Max)13₹ –
Small HNI (Min)14₹ –
Small HNI (Max)66₹ –
Big HNI (Min)67₹ –

Lead Managers / Registrars of Cotec Healthcare Limited 

Lead / Book Running Lead ManagersPantomath Capital Advisors Private Limited
Registrar (RTA)KFin Technologies Limited

Founding Year of Cotec Healthcare Limited & Managing Director

Cotec Healthcare Limited was incorporated in the year 1998.

Mr. Harsh Tiwari serves as Managing Director and CEO of the company.

Cotec Healthcare Limited FAQ

  • It is an Indian pharmaceutical CDMO offering formulation development & commercial manufacturin alongwith dosage forms including injectables, tablets, capsules, syrups, eye/ear drops and more.
  • Cotec Healthcare is raising funds via IPO to expand its manufacturing capacity with new facilities for high-growth products to support future growth.
  • The issue size of the IPO includes a fresh issue of ₹295 crore and an OFS of 0.60 Cr equity shares. It will be listed on the BSE & NSE platform.
  • Risks points for this IPO include industry regulation, customer concentration risk, input cost volatility and competitive pressures in the pharma CDMO segment.
  • Potential upsides to invest in the IPO are growing outsourcing in pharma manufacturing, capacity expansion, strong financial growth and broad formulation capabilities.
  • You can apply for the IPO via ASBA through your bank’s netbanking or UPI with your Demat account when the IPO window opens through your broker or bank.
  • Expected listing date is yet to be announced.

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