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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
Registrar of Medico Remedies Ltd IPO
Subramanian Building No. 1,
Club House Road
Chennai – 600 002
Tel No.: +91 44 2846 0390/ 1989
Fax No.: +91 44 2846 0129
Contact Person: Mr. R. D. Ramasamy
SEBI Registration No.: INR 000003753
Lead Managers of Medico Remedies Ltd IPO
60, Khatau Building, Ground Floor
Alkesh Dinesh Modi Marg, Fort, Mumbai - 400 001
Tel No.:+91 6216 6999
Fax No.:+91 222263 0434
Investor Grievance Email:
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

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