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 promoters of the company are:
1. Haresh Mehta
2. Harshit Mehta
3. Rita Mehta
The object of the issue are to:
1. Repayment of loans;
2. Funding expenditure for general corporate purposes.
»» Issue Open: Jan 29, 2018 - Jan 31, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,099,200 Equity Shares of Rs 10 aggregating up to Rs 10.99 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 100 Per Equity Share
»» Market Lot: 1200 Shares
»» Minimum Order Quantity: 1200 Shares
»» Listing At: BSE SME
Medico Remedies IPO Subscription Status tells if Medico Remedies IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Medico Remedies IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||520,800||520,800||57,600||1,099,200|
|Day 1 - Jan 29, 2018 17:00 IST||0||354,000||170,400||-||524,400|
|Day 2 - Jan 30, 2018 17:00 IST||0||541,200||518,400||-||1,059,600|
|Day 3 - Jan 31, 2018 17:00 IST||0||602,400||1,312,800||-||1,915,200|
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