The Medicamen Organics Limited date has been confirmed from June 21, 2024 and closes on June 25, 2024. Read the post to learn about Medicamen Organics Limited IPO GMP.
Medicamen Organics IPO is a book built issue of Rs 10.54 crores. The issue is entirely a fresh issue of 31 lakh shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹272,000.
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Key Details Of Medicamen Organics Limited IPO
Bidding Dates
June 21-25
Price Range
₹32 to ₹34 per share
Face Value
₹10 per share
GMP
₹60
Medicamen Organics Limited IPO GMP
The Medicamen Organics Limited IPO GMP is ₹60.
IPO Overview
Medicamen Organics IPO opens for subscription on June 21, 2024 and closes on June 25, 2024. The allotment for the Medicamen Organics IPO is expected to be finalized on Wednesday, June 26, 2024. Medicamen Organics IPO will list on NSE SME with tentative listing date fixed as Friday, June 28, 2024. Medicamen Organics IPO price band is set at ₹32 to ₹34 per share. The minimum lot size for an application is 4000 Shares.
Medicamen Organics Limited IPO Details
| IPO Date | June 21, 2024 to June 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹32 to ₹34 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,100,000 shares (aggregating up to ₹10.54 Cr) |
| Fresh Issue | 3,100,000 shares (aggregating up to ₹10.54 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,600,000 |
| Share holding post issue | 11,700,000 |
| Market Maker portion | 172,000 shares |
Medicamen Organics Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,450.88 | 3,211.98 | 2,707.21 | 2,634.37 |
| Revenue | 1,132.60 | 2,296.24 | 2,118.67 | 2,505.96 |
| Profit After Tax | 129.11 | 95.78 | 9.23 | 29.81 |
| Net Worth | 1,180.83 | 851.71 | 755.92 | 746.72 |
| Reserves and Surplus | 380.83 | 251.71 | 155.92 | 146.72 |
| Total Borrowing | 1,062.50 | 1,179.50 | 1,024.57 | 958.97 |
| Amount in ₹ Lakhs | ||||
Medicamen Organics Limited IPO Timeline
| IPO Open Date | Friday, June 21, 2024 |
| IPO Close Date | Tuesday, June 25, 2024 |
| Basis of Allotment | Wednesday, June 26, 2024 |
| Initiation of Refunds | Thursday, June 27, 2024 |
| Credit of Shares to Demat | Thursday, June 27, 2024 |
| Listing Date | Friday, June 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 25, 2024 |
Company Profile
Medicamen was founded in 1995 and has over 30 years of experience in pharmaceutical manufacturing. We produce various pharmaceutical dosage forms like tablets, capsules, oral liquids, and ointments. Our company operates two WHO-GMP-certified plants in Haridwar. We have partnerships with both domestic and international companies for contract manufacturing. Additionally, we export to African, CIS, and SARRC countries and are registered in 13 countries. Plant 1 is dedicated to iron tablets and is WHO GMP-approved. Plant 2 manufactures non-beta lactam tablets, capsules,
oral liquids, and ointments that are also WHO GMP-approved.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Medicamen Organics Limited |
| Phone number | +91-9818222845 |
| Email ID | [email protected] |
| Website | medicamenorganics.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Medicamen Organics Limited IPO FAQs
When Medicamen Organics IPO will open?
The Medicamen Organics IPO opens on June 21, 2024 and closes on June 25, 2024.
What is the lot size of Medicamen Organics IPO?
Medicamen Organics IPO lot size is 4000 Shares, and the minimum amount required is ₹136,000.
When is Medicamen Organics IPO listing date?
The Medicamen Organics IPO listing date is not yet announced. The tentative date of Medicamen Organics IPO listing is Friday, June 28, 2024.
