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Medico Remedies Ltd IPO (Medico Remedies IPO) Detail

Jan 29, 2018 - Jan 31, 2018

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.

Company Promoters:

The promoters of the company are:

1. Haresh Mehta
2. Harshit Mehta
3. Rita Mehta

Objects of the Issue:

The object of the issue are to:

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

Issue Detail:

  »»  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 Reviews / Recommendations:

Dilip Davda - Avoid

 

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved0520,800520,80057,6001,099,200
Day 1 - Jan 29, 2018 17:00 IST0354,000170,400-524,400
Day 2 - Jan 30, 2018 17:00 IST0541,200518,400-1,059,600
Day 3 - Jan 31, 2018 17:00 IST0602,4001,312,800-1,915,200

Medico Remedies IPO Prospectus

Medico Remedies IPO Rating

94
3.8
Rating:Rated 3.8 stars

Vote Here ...

Medico Remedies IPO Listing Date

  •   ›  Listing Date: Thursday, February 8, 2018
  •   ›  BSE Script Code: 540937
  •   ›  NSE Symbol:
  •   ›  Listing In: M
  •   ›  ISIN: INE630Y01016
  •   ›  Issue Price: Rs 100 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Medico Remedies IPO News Alerts

  1. Thursday, February 8, 2018 12:00:00 AM
    Medico Remedies IPO Listing Date & Info
  2. Wednesday, January 31, 2018 12:00:00 AM
    Medico Remedies IPO - Close
  3. Monday, January 29, 2018 12:00:00 AM
    Medico Remedies IPO - Open

Company Contact Information

Medico Remedies Ltd
50 Juhu Supreme Shopping Center,
Gulmahor Cross Road No.9,
Juhu , Mumbai - 400049
Phone: + 91-22-26701055/66
Fax: +91-22-26281059
Email: info@medicoremedies.com
Website: http://www.medicoremediesindia.com

Medico Remedies IPO Registrar

Cameo Corporate Services Limited   »  Report
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Fax: +91-44-28460129
Email:
Website: http://www.cameoindia.com

Medico Remedies IPO Lead Manager(s)

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Medico Remedies IPO Review / Comments

avatar
11. IPOBeginner  Feb 8, 2018 9:18:09 AM IST I Like It. | Report Abuse Reply
No Loss No Gain listed at 100/-
avatar
10. B.K.  Feb 1, 2018 3:58:10 PM IST I Like It. | Report Abuse Reply
ALLOTMENT KAB HE..?
avatar
9. singhsaab  Feb 1, 2018 3:48:33 PM IST I Like It. | Report Abuse Reply
ALLOTMENT DONE
avatar
8. SecTheta  Jan 28, 2018 9:08:11 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Big avoid!
avatar
7. AKMP  Jan 26, 2018 5:37:15 PM IST I Like It. 2 | Report Abuse Reply
ARYAMAN
BIG BIG BIG BIGGEST EVER AVOID
LOOK AT SKS TEXTILE FOR PROOF
AVOID IT EVEN OFFER AT PAR IF BRLM IS ARYAMAN
avatar
6. PATLARA  Jan 24, 2018 2:01:20 PM IST I Like It. | Report Abuse Reply
listind date ?
avatar
5. Allan  Jan 23, 2018 1:00:14 PM IST I Like It. 1 | Report Abuse Reply
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
avatar
4. Shareking  Jan 22, 2018 4:01:13 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Another expensive offer

Peers are available at lower PE
avatar
3. Shareking  Jan 21, 2018 9:34:26 PM IST I Like It. 5 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Another aggressively priced IPO
Jenburkt Pharma Ltd is better and trading at lower PE than Medico
Biofils is also better
avatar
2. Jain vivek  Jan 21, 2018 9:27:36 AM IST I Like It. 1 | Report Abuse Reply
Overpriced issue
avatar
1. kundan  Jan 20, 2018 5:23:50 PM IST I Like It. 1 | Report Abuse Reply
not good issue
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