Medico Remedies Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

29 Jan 2018

Close Date

31 Jan 2018

Allotment

06 Feb 2018

Listing Date

08 Feb 2018

Exchange

BSE SME

Price Band

₹100

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹100

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

10,99,200 shares (aggregating up to ₹10.99 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

32,00,000 shares

Promoters

Post-IPO Holding

41,49,200 shares

Promoters

UPI Deadline

2018-01-31

Mandate

Anchor AllotmentSun, 28 Jan 2018

Basis of AllotmentTue, 06 Feb 2018

Refund InitiationWed, 07 Feb 2018

Demat CreditWed, 07 Feb 2018

Listing DayThu, 08 Feb 2018

UPI Mandate Deadline2018-01-31

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public10,41,600 shares (aggregating up to ₹10.42 Cr)

Market Maker Quota57,600 shares (aggregating up to ₹0.5760 Cr)

Fresh Issue Shares8,91,600 shares (aggregating up to ₹8.92 Cr)

Offer for Sale1,50,000 shares of ₹10 (aggregating up to ₹1.50 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Medico Remedies Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 31 Jan 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	57,600	—	₹0.58
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,099,200	100%	₹10.99

IPO Shares Offered

Medico Remedies Ltd. IPO total issue size: ₹10.99 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	57,600	₹0.58	5.24%
Total	1,099,200	₹10.99	100.00%

* Based on upper price band ₹100 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹100.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹240,000
Retail (Max — 13 Lots)	13	15,600	₹1,560,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,680,000
B-HNI (Min — 68 Lots)	68	81,600	₹8,160,000

* Issue Price ₹100 × Lot Size 1,200 shares

IPO Schedule

Anchor

28 Jan 2018

✓ Done

IPO Open

29 Jan 2018

✓ Done

IPO Close

31 Jan 2018

✓ Done

Allotment

06 Feb 2018

✓ Done

Refunds

07 Feb 2018

✓ Done

Demat Credit

07 Feb 2018

✓ Done

Listing Day

08 Feb 2018

✓ Done

₹100.00

INR · BSE

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Issue ₹100.00 Live Price

About Medico Remedies Ltd.

Incorporated in 1994, Medico Remedies Limited is a WHO-GMP & ISO-9001:2008 certified company engaged in manufacturing and selling of pharmaceutical formulation products in India.The company offers formulation pharmacy products including anti-infective, beta lactum, cephalosporin, antimalarial, antiretroviral, and anti-ulcer drugs, as well as antacids; vitamins, haematinics and other supplements and nonsteroidal anti-inflammatory drugs, antihistaminics, anti-diabetics, cardio vascular drugs, diuretics, anti-epileptics, combination drug kits, syrups and creams and gels.They serves wholesalers or traders of formulation products. The company also exports its products to Uganda, Myanmar, Vietnam, Cambodia, Dominican Republic, Sri Lanka, Philippines, Turkmenistan, Ghana, Mauritius, Madagascar, Congo, Iraq, Honduras, Cuba, Jamaica, Hong Kong, Nigeria, Senegal, Panama, Mozambique etc.

Objects of the Issue

1 Repayment of loans

2 Funding expenditure for General Corporate Purposes

Medico Remedies Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered10,99,200 (100.00%)

Net Offer to Public10,41,600 shares (aggregating up to ₹10.42 Cr)

Reserved for Market Maker57,600 shares (aggregating up to ₹0.5760 Cr)

Pre-Issue Promoter Holding32,00,000 shares

Post-Issue Promoter Holding41,49,200 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

https://ipo.cameoindia.com/

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Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Medico Remedies Ltd. IPO subscribed? ▲

Medico Remedies Ltd. IPO is subscribed 1.00 times by Jan 31, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Medico Remedies Ltd. IPO retail subscription status? ▼

The Medico Remedies Ltd. IPO retail category is subscribed 1.00 times as of 31 Jan 2018. The retail portion is oversubscribed.

How to subscribe Medico Remedies Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Jan 2018 and closes 31 Jan 2018. Min investment: ₹120,000 (1 lot = 1,200 shares). UPI mandate: 2018-01-31.

How many times Medico Remedies Ltd. IPO subscribed? ▼

The Medico Remedies Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Medico Remedies Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Feb 2018. Refunds: on 07 Feb 2018.

When Medico Remedies Ltd. IPO will be listed? ▼

The Medico Remedies Ltd. IPO listing date is 08 Feb 2018, Thursday. Listed on: BSE SME. Issue price: ₹100. Estimated listing: ₹100. GMP: NIL.

When Medico Remedies Ltd. IPO close? ▼

The Medico Remedies Ltd. IPO closes on 31 Jan 2018, Wednesday. UPI mandate: 2018-01-31. Allotment: 06 Feb 2018. Listing: 08 Feb 2018.

Quick Actions

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Live Price LIVE

Last Price₹100.00

Change—

Issue Price₹100.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹100

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹100

Subscribed1.00x

Open Date29 Jan 2018

Close Date31 Jan 2018

Allotment06 Feb 2018

Listing Date08 Feb 2018

ExchangeBSE SME

UPI Deadline2018-01-31