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Medico Remedies Ltd IPO (Medico Remedies IPO) Detail

January 29, 2018 - January 31, 2018

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.

Medico Remedies IPO Details

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 Size1,099,200 shares
(aggregating up to ₹10.99 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion57,600 shares

Medico Remedies IPO Reservation

Medico Remedies IPO offers 1,156,800 shares. 520,800 (45.02%) to NII, 520,800 (45.02%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered57,600 (4.98%)
Other Shares Offered520,800 (45.02%)
Retail Shares Offered520,800 (45.02%)
Other Shares Offered57,600 (4.98%)
Total Shares Offered1,156,800 (100%)

Medico Remedies IPO Lot Size

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

About Medico Remedies Ltd

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.

Objects of the Issue (Medico Remedies IPO Objectives)

The object of the issue are to:

1. Repayment of loans;
2. Funding expenditure for general corporate purposes.

Medico Remedies IPO Review (Avoid)

[Dilip Davda]  

There is no harm in giving this aggressively priced offer a miss.

Read detail review...


Medico Remedies IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other1.16
Retail2.52
Total1.84

Medico Remedies IPO Prospectus

Medico Remedies IPO Rating

94
3.8
Rating:Rated 3.8 stars
Vote Here ...

Medico Remedies IPO Listing Details

Listing Date February 8, 2018
BSE Script Code 540937
NSE Symbol MEDICO
ISIN INE630Y01016
Final Issue Price ₹100 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹100.00
₹100.00
₹90.00
₹100.00
₹97.15

Check IPO Performance…

Medico Remedies Ltd Contact Details

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

Medico Remedies IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email:
Website: https://ipo.cameoindia.com/

Medico Remedies IPO - Buy or Not

Medico Remedies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Medico Remedies IPO FAQs

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.

The Medico Remedies IPO listing date is on February 8, 2018.
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Medico Remedies IPO Message Board

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11 Comments

11. IPOBeginner |   Link |  Bookmark |February 8, 2018 8:18:09 AM
No Loss No Gain listed at 100/-
10. B.K. |   Link |  Bookmark |February 1, 2018 2:58:10 PM
ALLOTMENT KAB HE..?
9. singhsaab |   Link |  Bookmark |February 1, 2018 2:48:33 PM
ALLOTMENT DONE
8. SecTheta |   Link |  Bookmark |January 28, 2018 8:08:11 AM
Big avoid!
7. AKMP |   Link |  Bookmark |January 26, 2018 4:37:15 PM
ARYAMAN
BIG BIG BIG BIGGEST EVER AVOID
LOOK AT SKS TEXTILE FOR PROOF
AVOID IT EVEN OFFER AT PAR IF BRLM IS ARYAMAN
6. PATLARA |   Link |  Bookmark |January 24, 2018 1:01:20 PM
listind date ?
5. Allan |   Link |  Bookmark |January 23, 2018 12:00:14 PM (200+ Posts)
The moment I see "Aryaman" as the Lead Manager I look no further....they are there to drown ur hard earned money and its best to avoid any of their scammy offferings...no need of looking at reviews etc...Aryaman is a big red flag
4. Shareking |   Link |  Bookmark |January 22, 2018 3:01:13 PM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Another expensive offer

Peers are available at lower PE
3. Shareking |   Link |  Bookmark |January 21, 2018 8:34:26 PM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Another aggressively priced IPO
Jenburkt Pharma Ltd is better and trading at lower PE than Medico
Biofils is also better
2. Jain vivek |   Link |  Bookmark |January 21, 2018 8:27:36 AM
Overpriced issue
1. kundan |   Link |  Bookmark |January 20, 2018 4:23:50 PM
not good issue