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Open
29 Jan 2018
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Close
31 Jan 2018
3
Allotment
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Listing
Thu, Feb 8, 2018
Price Band
₹100 per share
Issue Size
10,99,200 shares (agg. up to ₹11 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Feb 8, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.55x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 48.59 | 48.25 | 45.54 | 35.74 |
| Total Income | 29.76 | 54.78 | 66.92 | 51.10 |
| Profit After Tax | 0.40 | 1.63 | 1.13 | 0.79 |
| NET Worth | 16.77 | 16.37 | 14.74 | 13.61 |
| Reserves and Surplus | 13.57 | 13.17 | 13.14 | 12.01 |
| Total Borrowing | 18.42 | 18.50 | 13.80 | 7.89 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Beta Drugs Ltd. | SME | ₹19.52 Cr | ₹85 | null | ₹101.95 | +19.94% | ₹2,229.10 (-1.40%) |
| Shree Ganesh Remedies Ltd. | SME | ₹8.55 Cr | ₹36 | null | ₹33.00 | -8.33% | ₹648.20 (-0.39%) |
| ANG Lifesciences India Ltd. | SME | ₹12.01 Cr | ₹80 | null | ₹96.00 | +20.00% | ₹33.22 (-2.32%) |
| Vaishali Pharma Ltd. | SME | ₹14.23 Cr | ₹72 | null | ₹70.35 | -2.29% | ₹7.84 (-0.51%) |
| Zota Health Care Ltd. | SME | ₹58.50 Cr | ₹125 | null | ₹125.60 | +0.48% | ₹1,349.70 (-1.48%) |
| Eris Lifesciences Ltd. | Mainboard | ₹1,740.49 Cr | ₹603 | null | ₹601.50 | -0.25% | ₹1,455.40 (-2.44%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of loans | 7.72 |
| 2 | Funding expenditure for General Corporate Purposes | 1.28 |
About Medico Remedies IPO
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.+ Read More
Contact Details
Medico Remedies Ltd. Address50 Juhu Supreme Shopping CenterGulmahor Cross Road No.9JuhuMumbai, Maharashtra, 400049+ 91-22-26701055/66info@medicoremedies.comVisit Website