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Medico Remedies IPO is a fixed price issue of Rs 10.99 crores.
Medico Remedies IPO bidding started from January 29, 2018 and ended on January 31, 2018. The shares got listed on BSE SME on February 8, 2018.
Medico Remedies IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Aryaman Financial Services Limited is the book running lead manager of the Medico Remedies IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Medico Remedies IPO RHP for detailed information.
IPO Date | January 29, 2018 to January 31, 2018 |
Listing Date | February 8, 2018 |
Face Value | ₹10 per share |
Price | ₹100 per share |
Lot Size | 1200 Shares |
Total Issue Size | 1,099,200 shares (aggregating up to ₹10.99 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 3,200,000 |
Share holding post issue | 4,149,200 |
Market Maker portion | 57,600 shares |
Medico Remedies IPO offers 1,156,800 shares. 520,800 (45.02%) to NII, 520,800 (45.02%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 57,600 (4.98%) |
Other Shares Offered | 520,800 (45.02%) |
Retail Shares Offered | 520,800 (45.02%) | Other Shares Offered | 57,600 (4.98%) |
Total Shares Offered | 1,156,800 (100%) |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1200 | ₹120,000 |
Retail (Max) | 1 | 1200 | ₹120,000 |
Lot Size Calculator |
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.
The object of the issue are to:
1. Repayment of loans;
2. Funding expenditure for general corporate purposes.
[Dilip Davda]
There is no harm in giving this aggressively priced offer a miss.
Read detail review...The Medico Remedies IPO is subscribed 1.84 times on January 31, 2018 5:00:00 PM. The public issue subscribed 2.52 times in the retail category, times in the QIB category, and 1.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 1.16 |
Retail | 2.52 |
Total | 1.84 |
Listing Date | February 8, 2018 |
BSE Script Code | 540937 |
NSE Symbol | MEDICO |
ISIN | INE630Y01016 |
Final Issue Price | ₹100 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹100.00 |
₹100.00 |
₹90.00 |
₹100.00 |
₹97.15 |
Medico Remedies Ltd
50 Juhu Supreme Shopping Center,
Gulmahor Cross Road No.9,
Juhu , Mumbai - 400049
Phone: + 91-22-26701055/66
Email: info@medicoremedies.com
Website: http://www.medicoremediesindia.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email:
Website: https://ipo.cameoindia.com/
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Medico Remedies IPO is a SME IPO of 1,099,200 equity shares of the face value of ₹10 aggregating up to ₹10.99 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on January 29, 2018, and closes on January 31, 2018.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Medico Remedies IPO opens on January 29, 2018 and closes on January 31, 2018.
Medico Remedies IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Medico Remedies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Medico Remedies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Medico Remedies IPO allotment status.
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