The pharmaceutical Industry in India is booming. It is ranked number three globally, in terms of volume, and fourteenth in terms of value. In 2023-24, the sector touched ₹4,17,345 crore, growing steadily at 10% a year. Many pharma companies are riding on this growth wave. As is, VijayPD Ceuticals Limited.
VijayPD Ceuticals IPO is going to open on September 29. We are here to provide you with a comprehensive breakdown of this IPO, so you can assess if it’s the right fit for you.
VijayPD Ceuticals IPO Details
Let’s check out the main details of the VijayPD Ceuticals IPO.
| IPO Open Date | 29 September 2025 |
| Ends on | 1 October 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹35 Per Share |
| Issue size | ₹19 Cr |
| IPO Lot size | 4,000 Shares |
| Sale Type | Fresh capital |
| Offer for Sale | – |
| Fresh Issue | ₹19 Cr |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size (₹ Cr) | ₹19 Cr |
| Reserved for Market Maker | 2,84,000 shares (5.16%) |
| Net Offered to Public | 52,16,000 shares |
| Minimum Investment | ₹2,80,000 |
| Retail Discount | NA |
VijayPD Ceuticals IPO Timeline
Before considering the VijayPD Ceuticals IPO, check out its timeline below:
| IPO Open Date | 29 September 2025 |
|---|---|
| Ending Date | 1 October 2025 |
| Tentative Allotment | 3 October 2025 |
| Initiation of Refunds | 6 October 2025 |
| Shares reach demat | 6 October 2025 |
| Tentative Listing Date | 7 October 2025 |
| Cut-off Time for UPI Mandate Confirmation | 1 October 2025 (5 pm) |
VijayPD Ceuticals IPO Grey Market Premium (GMP)
Check out the VijayPD Ceuticals IPO GMP today here:
| Date | GMP (₹) | Estimated Listing Price |
| 24 Sept 2025 | ₹0 | – |
VijayPD Ceuticals IPO Reservation
The table below showcases the IPO reservation quota for VijayPD Ceuticals.
| Category | %Shares Offered |
| Market makers | 2,84,000 (5.16%) |
| NII (HNI) | 26,08,000 (47.42%) |
| Retail Shares Offered | 26,08,000 (47.42%) |
| Total | 100% |
VijayPD Ceuticals IPO Key Performance Indicator
Key performance indicators (KPIs) play a vital role in exhibiting the true financial position of a company. Check out the KPIs for VijayPD Ceuticals below:
| 2025 | 2024 | 2023 | |
| ROE | 14.91% | 165.02% | 3.68% |
| ROCE | 17.30% | 14.61% | 8.90% |
| Debt to Equity Ratio | 0.68 | 30.04 | 5.18 |
| RoNW | 14.91% | 165.02% | 3.68% |
| PAT Margin | 4.49% | 3.04% | 0.37% |
| EBITDA Margin | 8.04% | 8.96% | 2.70% |
| EPS | ₹3.84 | ₹8.25 | ₹0.91 |
VijayPD Ceuticals IPO Financials
Let’s go through the VijayPD Ceuticals’ financial performance over the last three fiscal years:
| 2025 | 2024 | 2023 | |
| Revenue | 10,681.01 | 5,432.81 | 4,876.88 |
| Total Asset | 10,758.53 | 5,433.94 | 5,059.21 |
| Profit | 479.55 | 165.02 | 18.16 |
(Amount in ₹ lakhs)
VijayPD Ceuticals IPO Lot Size
Here is a concise list of the VijayPD Ceuticals with different minimum investment amounts across all categories of investors:
| Application | Lot Size | Shares | Amount(in ₹) |
| Individual investors (Retail) (Min) | 2 | 8,000 | 2,80,000 |
| Individual investors (Retail) (Max) | 2 | 8,000 | 2,80,000 |
| S-HNI (Min) | 3 | 12,000 | 4,20,000 |
VijayPD Ceuticals IPO Promoter Holding
VijayPD Ceuticals IPO’s promoter holding pre-issue vs post-issue is as follows:
| Promoter Holding Pre-Issue | 78.30% |
| Promoter Holding Post Issue | 56.25% |
VijayPD Ceuticals has the following promoters:
Samit Madhukar Shah, Rahul Dhirendra Shah, Narendra Nagindas Shah, Bhavin Dhirendra Shah, Dina Madhukar Shah, and Hemanti Jitendra Shah.
VijayPD Ceuticals IPO Anchor Investors Details
Here are the VijayPD Ceuticals IPO’s anchor investment details:
| Bid Date | NA |
| Shares Offered | – |
| Anchor Portion Size (In Cr.) | – |
| Lock-in period end date for half of the shares (30 Days) | NA |
| Lock-in period end date for remaining shares (90 Days) | NA |
VijayPD Ceuticals IPO Prospectus
For an in-depth understanding of the VijayPD Ceuticals IPO, check out its official documents here:
About VijayPD Ceuticals
Established in 1971, VijayPD Ceuticals is in the distribution and supply of pharmaceutical products and consumer goods. The company uses advanced technology to deliver comprehensive pharma solutions to pharmacies, nursing homes, clinics, in a few parts of Maharashtra.
They operate three different warehouses in Mumbai, spanning a total of 4,732.12 square feet of space. With a total of 19,000+ stock-keeping units (SKUs), their revenue consists of:
- Pharmacies
- Doctors
- Nursing homes
- Clinics
- Others
VijayPD’s peers include MedPlus Health Services Limited and Entero Healthcare Solutions Limited.
Objectives of the VijayPD Ceuticals IPO:
The net proceeds to be received from the fresh issue component of the IPO are planned to be used as follows:
| Utilisation of Funds | Amount (₹ in lakhs) |
| Funding the capital expenditure on purchasing plant and machinery | 1,082.83 |
| Repayment/prepayment of some borrowings | 510.00 |
| General corporate purposes | 74.17 |
| Total | 1,667.00 |
Strengths Of VijayPD Ceuticals IPO:
- Enhancing client relations: VijayPD is strategically located in key areas of Mumbai to strengthen its long-term client relationships and thereby its market positioning. This seems achievable, given that a majority of their customers are repeat.
- Product diversity: The company operates with a diverse product portfolio with products ranging from generics, branded drugs, wellness, and others.
- Experienced management: VijayPD boasts of the long-term experience of its promoters, including:
Narendra Nagindas Shah, Samit Madhukar Shah, Bhavin Dhirendra Shah, and Rahul Jitendra Shah, who collectively have almost six decades of experience. - Well-established supply chain: The well-established supply chain provides them with time-efficient delivery, cost savings, and stronger customer satisfaction.
Risks
- API expansion delays: VijayPD is positioning itself to expand the Active Pharmaceutical Ingredients (API) manufacturing. This part focuses on building the raw materials required for pharmaceuticals. This could expose the company to serious financial, interest, and market risks.
- Control of Quality: Occasionally, customers may receive products that are damaged or defective, which affects the customer’s trust and the company’s reputation.
- Geographical concentration: Maharashtra accounts for 100% of the revenue for VijayPD Ceuticals. This leads to geographical concentration, which could be a significant risk.
- Industry downfalls: In the event of an industrial slowdown, VijayPD sales could be severely affected.
Final word
VijayPD Ceuticals is well-positioned to benefit from the accelerated growth in the pharmaceuticals industry. Its management team holds significant experience of six decades, which enhances its operational skills. VijayPD Ceuticals IPO is about to take its first step in the IPO market.
Other Recent IPO List
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| Epack Prefab Technologies IPO | Ganesh Consumer IPO |
| Jain Resource Recycling IPO | Atlanta Electricals IPO |
| Jinkushal Industries IPO | Euro Pratik Sales IPO |
| Solarworld Solutions IPO | Saatvik Energy IPO |
FAQs
The VijayPD Ceuticals IPO is set to open on September 29, 2025. The IPO will close on October 1, 2025. Its IPO size is ₹19 Crores, which is a completely fresh issue.
To apply for the VijayPD Ceuticals IPO through the Zerodha app, follow these steps: First, log in to the Zerodha website or app, go to ‘bids’, select ‘VijayPD Ceuticals IPO’, and click on ‘apply’. Next, choose the number of lots you want to apply for, submit the form, and make payment.
The VijayPD Ceuticals’ IPO opens on September 29, 2025, and closes on October 1, 2025. Its tentative allotment date is October 3, 2025. The listing date is October 7, 2025.
The VijayPD Ceuticals IPO lot size is 4,000 shares. The VijayPD Ceuticals IPO share price is ₹35 per share. A retail investor can bid for a minimum and a maximum of two lots. This means the minimum investment for a retail investor shall be ₹2,80,000.
To apply for the VijayPD Ceuticals IPO, an investor must have a demat account. Choose to invest in any one of the many online broking platforms. Once the IPO is open for subscription, select the ‘VijayPD Ceuticals IPO’ and enter the quantity. Then, make the payment to confirm your bid.
The tentative allotment date for the VijayPD Ceuticals’ IPO is October 3, 2025.
The tentative listing date for the VijayPD Ceuticals’ IPO is Tuesday, October 7, 2025.
