Medico Remedies Ltd SME IPO Details

Medico Remedies Ltd was established 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.

Medico Remedies Ltd IPO Details
Issue Open	29-01-2018
Issue Close	31-01-2018
Allotment Date	06-02-2018
Unblocked Amount	07-02-2018
Listing Date	08-02-2018
Issue Share	10,99,200 Equity Share
Issue Size	₹ 10.99 Cr
IPO Price Band	₹ 100
Minimum Investment Amount [Rs]	₹ 1,20,000
Minimum Share Bid	1200
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	-

Medico Remedies Ltd IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	33.80	33.10	0.43
FY-2014	44.98	44.02	0.63
FY-2015	51.55	50.16	0.79
FY-2016	66.93	65.06	1.13
FY-2017	54.78	52.79	1.63
H1-FY-2018	29.76	29.14	0.40

Medico Remedies Ltd IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	5,20,800	5,20,800	10,41,600
Day-1 [29-01-2018]	3,54,000 [0.68]	1,70,000 [0.33]	5,24,000 [0.51]
Day-2 [30-01-2018]	5,41,200 [1.04]	5,18,400 [0.99]	10,59,600 [1.02]
Day-3 [31-01-2018]	5,58,000 [1.07]	9,60,000 [1.84]	15,18,000 [1.46]

Medico Remedies Ltd IPO Valuation Details
Earnings Per Share [EPS]	₹ 3.92
P/E Ratio	25.48
RoNW	9.94 %
Net Asset Value [NAV]	₹ 62.33 Per Shared

Medico Remedies Ltd IPO Contact Details
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 Email: info@medicoremedies.com Website: http://www.medicoremediesindia.com

Registrar of Medico Remedies Ltd IPO
CAMEO CORPORATE SERVICES LIMITED Subramanian Building No. 1, Club House Road Chennai – 600 002 Tel No.: +91 44 2846 0390/ 1989 Fax No.: +91 44 2846 0129 Email: cameo@cameoindia.com Website: www.cameoindia.com Contact Person: Mr. R. D. Ramasamy SEBI Registration No.: INR 000003753

Lead Managers of Medico Remedies Ltd IPO
ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor Alkesh Dinesh Modi Marg, Fort, Mumbai - 400 001 Tel No.:+91 6216 6999 Fax No.:+91 222263 0434 Website: www.afsl.co.in Email: info@afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mrs. Jyothi Shetty / CA Karanjyot Singh Sethi SEBI Registration No.: INM000011344

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Medico Remedies Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral