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Symbiotec Pharmalab Limited

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NSE Mainboard

24–27 Aug 2026

Expected Allotment 28 AugRefund 31 AugListing 1 Sep
Price band ₹938–₹988
GMP+28.3%₹280 · 1 src
Subscribed 5.30×
Min to apply (retail) ₹14,820 15 shares, one lot at the cap
↓ Download IPO analysis PDF

Updated 2026-08-27 (IST)

Subscriptionexchange
QIB 0.59×
NII (total) 12.18×
Retail 5.05×
Employees 5.85×
Momentum ▲ Rising +1.95× today · 30 polls
Offer document (DRHP) ↗not cross-checked

What Symbiotec Pharmalab Limited does

Symbiotec Pharmalab Limited is a research and development-driven, science-based pharmaceutical and biotechnology company with capabilities across three platforms: organic chemistry, biotechnology, and complex injectables. The company holds a global leadership position in corticosteroid and steroidal-hormone active pharmaceutical ingredients (APIs) in volume terms.

EBITDA margin
26.7%
Debt / Equity
0.34x
OFS share
91%
[!] OFS-heavy issue: 91% of the issue is offer-for-sale. Most of the money raised goes to selling shareholders, not the company.
[+] Profit backed by cash: Operating cash flow is 159% of profit after tax — earnings are cash-backed.

Symbiotec Pharmalab Limited financials

Rs crore  ·  Annual

Latest year highlighted in green. Sparklines show the trend.

202420252026
Sales 716752869
Operating Profit 177206232
OPM % 24.5%27.3%26.6%
Net Profit 10097110
Total Debt 251544391

Symbiotec Pharmalab Limited IPO offer structure

Fresh issue 9% Offer for sale 91%

Total: ₹1,757 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.

Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.

Use of proceeds

Symbiotec Pharmalab Limited promoters and holding

Symbiotec Pharmalab Limited strengths and risks

Company-stated strengths and disclosed risk factors from the offer document.

Strengths
  • Global leadership in corticosteroid and steroidal hormone APIs (p.146)
  • Long-standing relationships with domestic and global customer base (p.146)
  • Fully-invested, multi-scale, vertically integrated manufacturing platform with sustainable practices and clean regulatory track record (p.147)
  • Continuous investment in R&D, with leading technological capabilities among Indian peers (p.147)
  • Ability to leverage science and existing competencies to increase total addressable market and deepen intellectual property-driven offerings (p.148)
Risks
  • We derive almost all of our revenue from the sale of APIs, which collectively constituted 96.07%, 99.10% and 100.00% of our revenue from operations in Fiscals 2026, 2025 and 2024, respectively. (p.28)
  • Our manufacturing facilities are subject to periodic inspections and audits by regulatory authorities and our customers. (p.30)
  • We export our products to various countries and our revenue from external customers outside India represented 67.04%, 55.19% and 59.97% of our revenue from operations in Fiscals 2026, 2025 and 2024, respectively. (p.31)
  • We derive a substantial portion of our revenue from certain key customers. (p.33)
  • We depend on certain suppliers for raw materials for our operations. (p.34)

Symbiotec Pharmalab Limited market and competition

We have a global leadership position in corticosteroid and steroidal-hormone active pharmaceutical ingredients ('APIs') in volume terms in Fiscal 2026, with a global volume market share of 38.2% in corticosteroid and 23.8% in steroidal-hormone APIs. We held a market share of over 50% by volume in products such as Hydrocortisone, Testosterone and Methylprednisolone in Fiscal 2026.

Symbiotec Pharmalab Limited IPO: common questions

When does the Symbiotec Pharmalab Limited IPO open and close?

The Symbiotec Pharmalab Limited IPO is open from 24 Aug 2026 to 27 Aug 2026.

What is the Symbiotec Pharmalab Limited IPO price band?

The price band is ₹938–₹988 per share.

What is the lot size and minimum investment for the Symbiotec Pharmalab Limited IPO?

One lot is 15 shares, and a retail application must be at least one lot. That is about ₹14,820 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.

What is the grey-market premium (GMP) for the Symbiotec Pharmalab Limited IPO?

As of 27 Aug 2026 the indicative GMP is +28.3%. GMP is unregulated and self-reported. Never decide on it alone.

How much is the Symbiotec Pharmalab Limited IPO subscribed?

As of 27 Aug 2026 the total subscription is 5.30×.

When are the Symbiotec Pharmalab Limited IPO allotment and listing dates?

Not published yet. Derived from the close date on the usual timetable: allotment around 28 Aug 2026, refund/unblock around 31 Aug 2026 and listing around 1 Sep 2026. Treat these as estimates until the exchange confirms them.

How do I apply for the Symbiotec Pharmalab Limited IPO?

Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →

Sources & method

Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.

Grey-market premium (GMP) is unregulated.

Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → All live GMP, and its record →

How often do these actually open above the issue price?

Of the 359 mainboard IPOs that have listed on the NSE since 2021, 260 (72%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.