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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.

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 Date Jan 29, 2018 to Jan 31, 2018
Listing Date Thursday, February 8, 2018
Face Value ₹10 per share
Price ₹100 per share
Lot Size 1200 Shares
Issue Size1,099,200 shares of ₹10
(aggregating up to ₹10.99 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

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

Medico Remedies IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000

Medico Remedies IPO Review

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 Jan 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)
NII1.16
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 Date

Listing Date Thursday, February 8, 2018
BSE Script Code 540937
NSE Symbol MEDICO
Listing In M Group of Securities
ISIN INE630Y01016
IPO Price ₹100 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹100.00
₹100.00
₹90.00
₹100.00
₹97.15

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

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

Medico Remedies IPO Review

Medico Remedies IPO Recommendation Summary

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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 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.

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

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

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.

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 Thursday, February 8, 2018.
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Medico Remedies IPO Message Board

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11 Comments

11. IPOBeginner |   Link |Feb 8, 2018 9:18:09 AM
No Loss No Gain listed at 100/-
10. B.K. |   Link |Feb 1, 2018 3:58:10 PM
ALLOTMENT KAB HE..?
9. singhsaab |   Link |Feb 1, 2018 3:48:33 PM
ALLOTMENT DONE
8. SecTheta |   Link |Jan 28, 2018 9:08:11 AM
Big avoid!
7. AKMP |   Link |Jan 26, 2018 5:37:15 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 |Jan 24, 2018 2:01:20 PM
listind date ?
5. Allan |   Link |Jan 23, 2018 1:00:14 PM
Top Contributor Top Contributor (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 |Jan 22, 2018 4:01:13 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Another expensive offer

Peers are available at lower PE
3. Shareking |   Link |Jan 21, 2018 9:34:26 PM
IPO Mentor IPO Mentor (700+ 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 |Jan 21, 2018 9:27:36 AM
Overpriced issue
1. kundan |   Link |Jan 20, 2018 5:23:50 PM
not good issue