Monday, January 29, 2018

Medico Remedies IPO Price Band, Market Lot, Dates, Allotment & Subscription Details

Medico Remedies Ltd incorporated in 1994. Medico Remedies is  a ISO certified company who are manufacturer of pharmaceutical formulation products (specializing in Beta-Lactam). The company products include Antibiotics, Anti-Infectives, Beta-lactams- Penicillins, Cephalosporins, Antifungals, Vitamins Supplements, Cardiovasculars, Antipyretic, Analgesic, NSAIDs, Antacid, Anti-Ulcer Drugs, Antidepressants, Antipsychotics & Anti-epileptics, Antimalarials, Dry Syrups, Ointments & Creams, Anti-Diabetics, Syrups, Aggrenox Capsules and more. The company market their products in Uganda, Myanmar, Vietnam, Cambodia, Dominican Republic, Sri Lanka, Philippines, Turkmenistan, Ghana, Mauritius, Madagascar, Congo, Iraq, Honduras, Cuba, Jamaica, Hong Kong, Nigeria, Senegal, Panama, Mozambique to name a few. Medico Remedies ipo is starting from 29 January and ends on 31 January. The price band is around Rs.100 with 1200 market lot. The ipo size is around 10.99 crore rupees.

IPO Review:
  • Apply for Listing Gain
Medico Remedies IPO Dates & Price Band:
  • IPO Open: 29 January 2018
  • IPO Close: 31 January 2018
  • IPO Size: Approx Rs 10.99 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs 100 Per Equity Share
  • Listing on: BSE SME
  • Shares: 1,099,200 
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 1,200 Shares (Minimum Lot Size)
  • Amount: Rs.1,20,000
Financial Results:

Rs. in Crore

2013 2014 2015 2016 2017
Revenues 33.80 44.98 51.11 66.92 54.78
Expenses 33.10 44.02 50.16 65.05 52.79
PAT 0.43 0.63 0.79 1.13 1.63

Grey Market Premium:
  • The grey market is around N/A Subject to Sauda.
Medico Remedies IPO Subscription Status:
  • IPO Subscribed 1.74 times on overall
Medico Remedies IPO Allotment Status:
Company Promoters:
  • Haresh Mehta
  • Harshit Mehta
  • Rita Mehta
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Cameo Corporate Services Limited
Phone: +91-44-28460390
Fax: +91-44-28460129
IPO Lead Managers:
  • Aryaman Financial Services limited
Company Address:
Medico Remedies Ltd
50 Juhu Supreme Shopping Center,
Gulmahor Cross Road No.9,
Juhu , Mumbai - 400049
Phone: + 91-22-26701055/66
Fax: +91-22-26281059