Advisory

Choose your Partner

Both partners offer free account opening and dedicated support.

Angel One

Best for active traders

₹ 0 Account Opening Open Account →

Motilal Oswal

Best for long-term wealth

₹ 0 Account Opening Open Account →
  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    1,26,00,000 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    74,50,000 shares (agg. up to ₹[.] Cr)
  • Offer for Sale
    51,50,000 shares of ₹10 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    4,20,00,000 shares
  • Share Holding Post Issue
    4,94,50,000 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Tue, Oct 6, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

About Claroid Pharmaceuticals Ltd.

Incorporated in August 2018, Claroid Pharmaceuticals Limited is a pharmaceutical formulations manufacturing company engaged in the development and manufacture of generic pharmaceutical products, including tablets and ointments, along with the encapsulation of pharmaceutical formulations into hard gelatin capsules. The Company primarily focuses on exporting its products to semi-regulated international markets, particularly in Africa.The Company operates a manufacturing facility at Pirana, Ahmedabad, Gujarat, spread over approximately 12,332 square metres. The facility is equipped with production, quality control, warehousing, utilities and other supporting infrastructure for pharmaceutical manufacturing. It has an effective annual manufacturing capacity of 14,400 lakh tablets, 9,360 lakh capsules and 120 lakh units of ointment. The manufacturing setup is designed to facilitate efficient material flow and coordination across different stages of production.

Since commencing commercial operations, the Company has focused on quality, regulatory compliance, product development and export-oriented growth. Its manufacturing facility has obtained manufacturing licences under the Drugs and Cosmetics Act, State GMP certifications and various regulatory approvals, including WHO-GMP (CDSCO), NAFDAC (Nigeria), TMDA (Tanzania), RFDA (Rwanda), SBDMA (Yemen) and ZFDA (Zanzibar). These approvals support the export of its pharmaceutical products to applicable international markets, subject to regulatory requirements.

The Company follows a diversified product and market approach, with its generic formulations business supported by product selection, formulation development and regulatory registrations across multiple geographies. Its operations are supported by an experienced management team and employees across production, packing, quality assurance, quality control, engineering, regulatory affairs, formulation and development, warehousing and other functions.

As of August 31, 2026, the Company had 203 employees, including personnel across production, packing, quality assurance, quality control, engineering, regulatory affairs, formulation and development, warehouse, finance and administrative functions.

Competitive Strengths

  • Formulation development and research capabilities.
  • Diversified generic pharmaceutical product portfolio.
  • Regulatory approvals and product registration framework.
  • Manufacturing facility with established production capacity.
  • Focus on quality, regulatory compliance and export-oriented growth.
  • Experienced promoters supported by a professional management team.
  • Established distribution network across multiple international geographies.

Company Financials (Restated)

Claroid Pharmaceuticals Ltd.’s revenue increased by 74% and profit after tax (PAT) rose by 215% between the financial year ending with March 31, 2026 and March 31, 2025.   (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 117.21 94.34 56.10
Total Income 173.91 100.17 63.61
Profit After Tax 22.70 7.22 4.12
EBITDA 40.94 14.35 11.77
NET Worth 44.38 21.69 14.47
Reserves and Surplus 29.38 20.19 12.97
Total Borrowing 27.46 40.54 29.00

Recently Listed IPOs in Pharmaceuticals

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Symbiotec Pharmalab Ltd. Mainboard ₹1,757.00 Cr ₹988 56.39 ₹1,097.70 +11.10% ₹1,173.00
Hexagon Nutrition Ltd. Mainboard ₹138.87 Cr ₹45 22.69 ₹53.19 +18.20% ₹69.63
Sai Parenteral’s Ltd. Mainboard ₹408.79 Cr ₹392 100.26 ₹405.70 +3.49% ₹498.30

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding of capital expenditure requirement for setting up of the Proposed Plant
    167.97
  • 2 General Corporate Purposes
  • Total
    167.97

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 68.73%
ROCE 52.66%
Debt/Equity 0.62
RoNW 51.16%
PAT Margin 13.06%
EBITDA Margin 24.12%
NAV 10.57

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 5.41 4.59

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100% 74.52%
Public 25.48%
Total 100% 100%

Company Promoters: Baiju Bhupendrabhai Desai, Soni Snehalkumar Hasmukhlal, Rushin Baijubhai Desai, Patel Shaileshbhai Arjanbhai and Patel Ghanshyam Arjanbhai.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered
Baiju Bhupendrabhai Desai Promoter 10,55,750
Soni SnehalKumar Hasmukhbhai Promoter 4,73,800
Rushin Baijubhai Desai Promoter 9,78,500
Patel Shaileshbhai Arjanbhai Promoter 9,61,332
Patel Ghanshyam Arjanbhai Promoter 9,85,367

IPO Registrar

MUFG Intime India Pvt.Ltd.

IPO Lead Manager(s)

  1. Oneview Corporate Advisors Pvt.Ltd.
  2. Valmiki Leela Capital Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Claroid Pharmaceuticals Ltd. Address
S.No -217/P
Opp Gurukul English School
Kamod-Pirana Road, Pirana
Ahmedabad, Gujarat, 382425

IPO FAQs

Claroid Pharmaceuticals IPO is a main-board IPO of 1,26,00,000 equity shares of the face value of ₹10. The price band and the minimum order quantity are yet to be announced.

The Claroid Pharmaceuticals IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Claroid Pharmaceuticals IPO using UPI as a payment gateway. Angel One customers can apply in Claroid Pharmaceuticals IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Claroid Pharmaceuticals IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Claroid Pharmaceuticals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Claroid Pharmaceuticals IPO dates are not announced. Please check back again after some time.

Claroid Pharmaceuticals IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Claroid Pharmaceuticals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The Claroid Pharmaceuticals IPO allotment date is not yet announced. Please check back after the IPO dates are announced.

The Claroid Pharmaceuticals IPO listing date is not yet announced.

Stock Broker Reviews India

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited 2

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

Advertisments

Compare India's most trusted brokers side-by-side to find your perfect match.