Onyx Biotec IPO - AstroIPO

Onyx Biotec IPO


November 8, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Onyx Biotec Limited is bringing its Initial Public Offering to the NSE SME platform this November. This smallcap pharmaceutical company, valued at ₹110.61 crores, opens its IPO subscription window from November 13 to November 18, 2024.

The company aims to raise ₹29.34 crores through a fresh issue of 4,810,000 equity shares, priced between ₹58 to ₹61 per share. The face value of each share stands at ₹10.

For retail buyers, the minimum application requirement is set at 2,000 shares, which translates to an investment of ₹122,000 at the upper price band.

Onyx Biotec IPO Details

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IPO Size ₹29.34 Cr
Price Range ₹58 - ₹61
Retail Quota 35.04%
QIB Quota 49.89%
NII Quota 15.07%
Employee Discount --
Listing at NSE
Minimum Quantity 2000
Investment (cut-off price) ₹122,000
Pre IPO Promotor Holding 88.60%
Post IPO Promotor Holding Update soon
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Onyx Biotec IPO Timelines

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13/11/2024
Start Date
18/11/2024
End Date
19/11/2024
Allotment Date View Status
20/11/2024
Refund Initiation
20/11/2024
Credit of Shares to Demat Ac
22/11/2024
Listing Date

Onyx Biotec IPO Lot Size

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Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹122,000
Retail Maximum 1 2000 ₹122,000
HNI Minimum 2 4000 ₹244,000

Onyx Biotec IPO Subscription Status

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QIB NII Retail EMP Total
32.49x 602.86x 118.26x -- 198.00x

IPO Performance on Listing Day

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Opening Price Closing Price Day High Day Low
₹54.05 ₹56.75 ₹56.75 ₹51.45

Onyx Biotec IPO Company Financials

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Year Total Income Total Expense PAT
FY 2022 ₹44.98 ₹41.19 ₹3.35
FY 2023 ₹39.62 ₹37.07 ₹1.84
FY 2024 ₹53.87 ₹49.82 ₹3.03
FY 2025 (2 M) ₹10.54 ₹8.79 ₹1.31

About Company

Onyx Biotec Ltd., founded in 2005, is a leading pharmaceutical company specializing in generic and proprietary drugs, including sterile products like Water for Injection, Dry Powder Injections, and Syrups. Focused on accessibility and quality, the company provides affordable medications that aim to enhance patient health and well-being. Operating with two WHO-GMP-accredited facilities in Himachal Pradesh, Onyx Biotec upholds rigorous quality and safety standards.

Serving both domestic and international markets, Onyx Biotec has established itself as a trusted supplier in the sterile pharmaceutical sector, known for competitive pricing and high-quality offerings. The company plans to further enhance its capabilities with upgrades to its production and packaging units, aiming to improve efficiency and cost-effectiveness. Guided by experienced leadership, Onyx Biotec is committed to fostering strong client relationships and ensuring customer satisfaction through its adherence to ISO and GMP standards.

Incorporation Date Sector Managing Director
2005 Healthcare Sanjay jain

Know Before Investing

Know Before Investing On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire, that they cannot foresee the pain and trouble that are bound to ensue; and equal blame belongs to those who fail in their duty through weakness of will, which is the same as saying through shrinking from toil and pain. These cases are perfectly simple and easy to distinguish.

Onyx Biotec IPO Strengths

  • Top contract manufacturer specializing in sterile pharmaceutical production.
  • Strict quality assurance and control processes maintain high product standards.
  • Long-term relationships with leading pharmaceutical clients.
  • Cost-efficient production focused on timely order fulfillment.
  • Experienced management team with strong project management expertise.

Onyx Biotec IPO Risks

  • Regional risks in Solan, Himachal Pradesh, may affect operations.
  • Production disruptions could negatively impact financial stability and cash flow.
  • Dependence on third-party suppliers introduces risks of supply delays or shortages.
  • Reliance on key clients makes revenue vulnerable to losing major customers.
  • Industry downturns could lead to reduced demand for products.
  • Quality or delivery problems might result in order cancellations and financial losses.

Swot Analysis for Onyx Biotec IPO

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Strengths

Market leader, Strong client relationships

Weaknesses

Financial losses, Domestic market dependence

Opportunities

Sector growth, Manufacturing capability enhancement

Threats

Intense competition, Regulatory compliance risks

Company Details

Onyx Biotec Limited

Bir Plassi Near Sainimajraropar,
Nalagarh Road, District Solan – 174101.

Phone: +91 172 265 6384

Email: generalinfo@onyxbiotec.com

Website: http://www.onyxbiotec.com/

IPO Registar Details

Mas Services Limited

Phone: (011) 2610 4142

Email: ipo@masserv.com

Website: https://www.masserv.com/opt.asp

FAQs

The key objectives of Onyx Biotec IPO are:

  • Upgradation of existing manufacturing Unit I to manufacture large volume parentals for intravenous use;
  • Setting up a high-speed cartooning packaging line at existing manufacturing Unit II for Dry Powder Injections;
  • Prepayment or repayment of all or a portion of certain loans availed by the Company; and
  • General Corporate Purposes.

Horizon Management Private Limited is the book-running lead managers for the Onyx Biotec IPO.

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