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.
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
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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]
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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
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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
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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
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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
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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
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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 |
Medico Remedies Ltd IPO Grey Market Premium
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Check Grey Market Premium :- Click Here |
Medico Remedies Ltd IPO Allotment Status
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Check Allotment Status :- Click Here |
Live Subscription for Medico Remedies Ltd IPO
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Download Medico Remedies Ltd IPO DRHP & ASBA e-Forms
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Download DRHP :- Click Here to Download Download e-Forms BSE:- Click Here to Download |
Medico Remedies Ltd IPO Recommendations
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Live IPO Team Recommendation:- Neutral |
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