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.

Medico Remedies IPO Details

IPO Opening DateJan 29, 2018
IPO Closing DateJan 31, 2018
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹100 per equity share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtBSE SME
Issue Size1,099,200 Eq Shares of ₹10
(aggregating up to ₹10.99 Cr)

Medico Remedies IPO Lot Size

The Medico Remedies IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum11200₹120,000
Maximum11200₹120,000

Medico Remedies IPO Subscription Status (Bidding Detail)

The Medico Remedies IPO is subscribed 1.84x times on Jan 31, 2018 17:00. The public issue subscribed 2.52x in the retail category, in the QIB category, and 1.16x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.16x

RII

2.52x

Total

1.84x

Medico Remedies IPO Prospectus

Medico Remedies IPO Rating

94
3.8
Rating:Rated 3.8 stars

Vote Here ...

Medico Remedies IPO Listing Date

Listing DateThursday, February 8, 2018
BSE Script Code540937
NSE Symbol
Listing InM Group of Securities
ISININE630Y01016
IPO Price₹100 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹100.00
₹100.00
₹90.00
₹100.00
₹97.15
494,400

Medico Remedies IPO Reviews / Ratings

Company Contact Information

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

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

Medico Remedies IPO FAQs

  1. What is Medico Remedies IPO?

    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 equity share. The minimum order quantity is 1200 Shares.

    The IPO opens on Jan 29, 2018, and closes on Jan 31, 2018.

    Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. When Medico Remedies IPO will open?

    The Medico Remedies IPO opens on Jan 29, 2018 and closes on Jan 31, 2018.

  3. What is the lot size of Medico Remedies IPO?

    Medico Remedies IPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.

  4. How to apply for Medico Remedies IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Medico Remedies IPO allotment?

    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.

  6. When is Medico Remedies IPO listing date?

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

Medico Remedies IPO Message Board

Ranked Members  Ranked Members

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11. IPOBeginner |Feb 8, 2018 08:18
No Loss No Gain listed at 100/-
10. B.K. |Feb 1, 2018 14:58
ALLOTMENT KAB HE..?
9. singhsaab |Feb 1, 2018 14:48
ALLOTMENT DONE
8. SecTheta |Jan 28, 2018 08:08
Big avoid!
7. AKMP |Jan 26, 2018 16:37
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 |Jan 24, 2018 13:01
listind date ?
5. Allan |Jan 23, 2018 12:00
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 |Jan 22, 2018 15:01
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Another expensive offer

Peers are available at lower PE
3. Shareking |Jan 21, 2018 20:34
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Another aggressively priced IPO
Jenburkt Pharma Ltd is better and trading at lower PE than Medico
Biofils is also better
2. Jain vivek |Jan 21, 2018 08:27
Overpriced issue
1. kundan |Jan 20, 2018 16:23
not good issue







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