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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.

Medico Remedies IPO Details

IPO DateJan 29, 2018 - Jan 31, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,099,200 Eq Shares of ₹10
(aggregating up to ₹10.99 Cr)
Face Value₹10 Per Equity Share
IPO Price₹100 Per Equity Share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtBSE SME

Medico Remedies IPO Lot Size and Price (Retail)

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

Medico Remedies IPO Subscription Status (Bidding Detail)

Medico Remedies IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

520,800

520,800

1,041,600

Jan 31, 2018 17:00

1.16x

2.52x

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
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. 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 price of the IPO is ₹100 Per Equity Share. The minimum order quantity is 1200 Shares per application and the offer type is Fixed Price Issue.

    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. 2. When Medico Remedies IPO will open?

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

  3. 3. How to apply for Medico Remedies IPO?

    Medico Remedies IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Medico Remedies IPO listing date?

    The Medico Remedies IPO listing date is on Thursday, February 8, 2018, at BSE SME.
  6. 6. 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.

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Medico Remedies IPO Review / Comments

IPOBeginner
11. IPOBeginner  Feb 8, 2018 09:18
No Loss No Gain listed at 100/-
B.K.
10. B.K.  Feb 1, 2018 15:58
ALLOTMENT KAB HE..?
singhsaab
9. singhsaab  Feb 1, 2018 15:48
ALLOTMENT DONE
SecTheta
8. SecTheta  Jan 28, 2018 09:08
Big avoid!
AKMP
7. AKMP  Jan 26, 2018 17:37
ARYAMAN
BIG BIG BIG BIGGEST EVER AVOID
LOOK AT SKS TEXTILE FOR PROOF
AVOID IT EVEN OFFER AT PAR IF BRLM IS ARYAMAN
PATLARA
6. PATLARA  Jan 24, 2018 14:01
listind date ?
Allan
5. Allan  Jan 23, 2018 13:00
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
Shareking
4. Shareking  Jan 22, 2018 16:01
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
Another expensive offer

Peers are available at lower PE
Shareking
3. Shareking  Jan 21, 2018 21:34
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
Another aggressively priced IPO
Jenburkt Pharma Ltd is better and trading at lower PE than Medico
Biofils is also better
Jain vivek
2. Jain vivek  Jan 21, 2018 09:27
Overpriced issue
kundan
1. kundan  Jan 20, 2018 17:23
not good issue



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