Cotec Healthcare Limited IPO
Cotec Healthcare Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

Business Overview

Cotec Healthcare Limited is a CDMO engaged in formulation, loan licensing and commercial manufacturing of off-patent pharmaceutical products, including complex generics. It is the second-largest CDMO in India by number of dosage forms, with capabilities across 24 distinct formulation types. Its product portfolio covers injectables, tablets, capsules, ointments, eye drops, ampoules, vials, liquid and dry syrups, and infusions. The manufacturing facility spans over 21,871 sq. metres in Roorkee, Uttarakhand, housing three dedicated units with an installed capacity of 4,051.38 million units as of March 31, 2025, compliant with ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. The company serves institutional and private customers including Mankind Pharma Limited and Zydus Healthcare Limited.

Cotec Healthcare IPO Size

Fresh Issue
₹295 Cr (TBA Shares)
Offer For Sale
Rs. TBA Cr (0.60 Cr Shares)

Objects of the Issue

To fund capital expenditure for setting up a new manufacturing unit to enhance existing manufacturing capacities and manufacture new products.

₹226.25 Cr

General corporate purposes.

₹TBA Cr

Cotec Healthcare IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Cotec Healthcare IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue 192.24 138.00 82.42
PAT 20.00 10.46 5.03
Net Worth 58.97 38.90 28.34
Borrowings 26.07 15.49 11.24
Assets 136.63 95.83 68.65
NAV (₹) 5.16 3.41 2.48
EPS (₹) 1.75 0.92 0.44

Key Performance Indicators (KPIs)

EBITDA

16.36%

PAT

10.40%

ROE

33.91%

ROCE

36.43%

Debt to Equity

0.44

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band

Promoter Holding

Promoter

99.98%

Public

0.02%

Harsh Tiwari 73.72%
Vandana Tiwari 24.37%
Harsh Tiwari HUF 1.89%

Management

Harsh Tiwari
Chairman & MD
Niraj Kumar Shukla
WTD
Ram Nivas Gupta
WTD
Naveen Bist
CFO

Registrar & Lead Managers

Lead Managers (1)

Company Details

Name: Cotec Healthcare Limited

Address: Kishanpur, Bhagwanpur, NH-74, Roorkee Dehradun Highway, Bhagwanpur, Haridwar, Roorkee – 247 661, Uttarakhand, India

Number: +91 133 223 2248

Email: secretarial@cotec.in

Website: https://cotec.in/

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