Medico Remedies Ltd IPO

Add to Calendar 2018-01-29 12:00 AM 2018-01-31 12:00 AM Asia/Kolkata Medico Remedies Ltd IPO Medico Remedies Ltd India

Introduction: Medico remedies limited is a  WHO-GMP and ISO 9001-2008 certified specialized organization, involved in offering high quality  pharmaceutical products to clients globally. It has two WHO-GMP approved manufacturing units, one for General Formulations and the other for Beta-Lactam Formulations. Company R&D personnel work round the clock to make safer and innovative range of branded and generic drugs, which are appropriate for different medications.

Date of Establishment: Company was established in the year  1994   

Product & Service Offering: Medico remedies has a wide range of products such as antibiotics and anti Infectives, antifungals, vitamins and supplements,cardiovasculars,antipyretic,analgesic,antacid,anti-ulcer drugs,and Antimalarial

Customer Segment: Company successfully trades its products in countries such as Uganda, Myanmar, Vietnam, Cambodia, Dominican Republic, Sri Lanka, Philippines, Turkmenistan, Ghana, Mauritius, Madagascar, Congo, Iraq, Honduras, Cuba, Jamaica, Hong Kong, Nigeria, Senegal, Panama, Mozambique to name a few.

Promoters of Medico remedies limited: Company is promoted by Mr. Haresh Mehta(Chairman & Chief Financial Officer), Harshit Mehta(Mr. Harshit Mehta is the Managing Director) and Mrs. Rita Mehta(Whole-time Director)

Objects of the Issue:

The issue was raised with the sole aim of repayment of borrowings  and for cash requirements related to  sundry  corporate expenses

Company Financials:

Summary of financial Information (Consolidated)


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Issue Detail

  • Issue Open: Jan 29, 2018
  • Issue Close: Jan 31, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 100 Per Equity Share
  • Bid Lot:1200 Shares
  • Minimum Order Quantity:1200 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 10.99 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 520,800 520,800 - 57,600 1,099,200
Day 1 - Jan 29, 2018IST 0 354,000 170,400 - - 524,400
Day 2 - Jan 30, 2018IST 0 541,200 518,400 - - 1,059,600
Day 3 - Jan 31, 2018IST 0 602,400 1,312,800 - - 1,915,200

Listing Day Trading Information

Issue Price Rs 100.00 -
Open Rs 100.00 -
Low Rs 90.00 -
High Rs 100.00 -
Last Trade Rs 97.15 -
Volume 494,400 -

Medico Remedies Ltd Red Herring Prospectus

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Frequently Asked Questions

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