Managing director: Venkatanaga Kali Vara Prasad Raju Vetukuri
Suven Pharmaceuticals Limited (SPL) is a biopharmaceutical company, incorporated on 6th November, 2018 and is engaged in the business of development and manufacturing of New Chemical Entity (NCE) based Intermediates, Active Pharmaceutical Ingredients (API), Speciality Chemicals and formulated drugs under contract research and manufacturing services for global pharmaceutical, biotechnology and chemical companies. The Company is a CDMO that supports global life sciences industry and fine chemical majors in their NCE development endeavors. Its services include custom synthesis, process RD, scaleup and contract manufacturing of intermediates, APIs and formulations. Suven Pharma Inc., a Delaware Company, is a WOS (wholly owned subsidiary) of SPL, is a SPV (Special Purpose Vehicle) created on 9th March 2019, for undertaking various business opportunities in Pharma Industry.During the year 201920, Suven Life Sciences Ltd. (SLSL) has transferred the CRAMS business undertaking to the Company in accordance with the Scheme of Arrangement (Demerger) approved by the Honble NCLT, Hyderabad Bench now integrated with Contract Development and Manufacturing Operations (CDMO) business model of the Company. In terms of the sanctioned Scheme, the Company issued and allotted 1 (One) fully paid up equity share of face value of Re 1/ (Rupee One only) each of SPL for every 1 (One) fully paid up equity share of face value of Re 1/ (Rupee One only) each held by each shareholder in the Demerged Company (SLSL) as on the Record Date (i.e., 22nd January, 2020), thereby resulted in a mirror shareholding of SLSL in the Company. The equity shares of the Company were listed to trade w.e.f. 09th March, 2020.The Board of Directors in its meeting held on August 17, 2020 considered, approved and recommended an issue of bonus shares in the proportion of (1:1) one new equity share of the Company of Re 1 each for every one existing equity share of the Company of Re 1 each.The company has a massive Rs 320crore capex plan. Suven has invested Rs 120 crore in 201920. The balance is to be invested in 202021.During the year 201920, the Company invested USD35 million in Rising Pharma Holdings, Inc., USA through its wholly owned subsidiary, Suven Pharma, Inc., USA. Suven Pharma, Inc., in USA was originally formed by Suven Life Sciences Ltd while pursuing various business opportunities in CRAMS business undertaking during the demerger transition period now integrated with CDMO business of the Company, as per the decisions taken by the Board of the Company and of the Demerged Company i.e., Suven Life Sciences Ltd, in accordance with the enabling provisions of Scheme of Arrangement as sanctioned by Honble NCLT Hyderabad Bench. As a result, Suven Pharma, Inc., in USA has become wholly owned subsidiary of the company during the FY 20192020.As on 31 March 2020,the company has one subsidiary and one associate company under its roof.The company filed 11 ANDAs as on March 31, 2020 and three of those secured the green light from the regulator.The Board has allotted the Bonus shares at 1:1 ratio in its Board Meeting held on 29 September 2020. Accordingly the number of shares increased from 12,72,82,478 to 25,45,64,956..In 2022, the Company filed 17 ANDAs of which 9 had received approvals and 8 products were launched up to March, 2022.During year 2022, Company acquired 100% stake in Casper Pharma Private Limited, a Hyderabad based SEZ unit and Casper Pharma became a Wholly Owned Subsidiary of the company.
What is the current share price of Suven Pharmaceuticals Ltd today on both NSE and BSE?
Suven Pharmaceuticals Ltd shares are currently priced at 672.1 on NSE and 671.2 on BSE as of 5/2/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Suven Pharmaceuticals Ltd [SUVENPHAR] shares performed in the past ?
The past 1-year return of Suven Pharmaceuticals Ltd [SUVENPHAR] share was 42.92. The Suven Pharmaceuticals Ltd [SUVENPHAR] share hit a 1-year low of Rs. 469.45 and a 1-year high of Rs. 768.
What is the market cap of Suven Pharmaceuticals Ltd [SUVENPHAR] ?
The market cap of Suven Pharmaceuticals Ltd is Rs. 17109.31 Cr. as of 5/2/2024 12:00:00 AM.
What is the current P/E ratio of Suven Pharmaceuticals Ltd [SUVENPHAR] share price ?
The PE ratios of Suven Pharmaceuticals Ltd is 44.78 as of 5/2/2024 12:00:00 AM.
What is the current PB ratio of Suven Pharmaceuticals Ltd [SUVENPHAR] share price ?
The PB ratios of Suven Pharmaceuticals Ltd is 8.76 as of 5/2/2024 12:00:00 AM
What is the Mutual Fund shareholding in Suven Pharmaceuticals Ltd?
The Mutual Fund Shareholding was 15.26% at the end of 5/2/2024 12:00:00 AM.
How can I buy Suven Pharmaceuticals Ltd shares?
You can easily buy Suven Pharmaceuticals Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.