Veeda Clinical Research Limited IPO
Veeda Clinical Research Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

Business Overview

Veeda Clinical Research Limited is an independent global full-service contract research organization (CRO) providing end-to-end support across the drug development lifecycle. Its offerings span clinical trials (early and late phase), healthy volunteer studies (bioavailability and bioequivalence), pre-clinical testing, and biopharma services including bioanalysis of large molecules. With a presence in key global markets such as North America, Europe, and Asia (including India), the company supports pharmaceutical and biotech firms in accelerating drug development and ensuring regulatory compliance.

Veeda Clinical Research IPO Size

Fresh Issue
₹185 Cr (TBA Shares)
Offer For Sale
Rs. TBA Cr (1.30 Cr Shares)

Objects of Issue

  1. Capital expenditure towards procurement of equipment and machinery for our Company
  2. Investment in our Material Subsidiary for capital expenditure towards procurement of equipment and machinery
  3. Repayment in part or full of certain borrowings of our Subsidiary
  4. Funding organic growth of our Company
  5. General corporate purposes

Veeda Clinical Research IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Veeda Clinical Research IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 305.30 388.78 409.58 288.03
Profit after Tax -24.93 -0.36 42.42 50.46
Net Worth 1,192.51 1,190.96 564.90 503.21
Total Borrowing 405.49 261.69 48.57 47.20
Total Assets 1,891.86 2,040.21 734.77 677.54
NAV per share (in ₹) 189.29 189.04 106.80 95.14
EPS - Basic (in ₹) -3.96 -0.04 7.58 10.26

Key Performance Indicators (KPIs)

EBITDA

18.32%

  • All the data pertains to FY 2023-24.

Promoter Holding

Promoter

33.83%

Public

66.17%

Management

Nitin Deshmukh
Chairman
Mahesh Bhalgat
CEO & MD
Nirmal Bhatia
CFO

Registrar & Lead Managers

Company Details

Name: Veeda Clinical Research Limited

Address: Shivalik Plaza – A, 2nd Floor, Opposite Ahmedabad Management Association, Ambawadi, Ahmedabad 380 015, Gujarat, India

Number: +91 79 6777 3000

Email: investor.relation@veedalifesciences.com

Website: www.veedalifesciences.com

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