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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

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

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 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

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 100.00
Rs 100.00
Rs 90.00
Rs 100.00
Rs 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/

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Medico Remedies IPO Review / Comments

avatar
11. IPOBeginner  Feb 8, 2018 08:18 I Like It. | Report Abuse
No Loss No Gain listed at 100/-
avatar
10. B.K.  Feb 1, 2018 14:58 I Like It. | Report Abuse
ALLOTMENT KAB HE..?
avatar
9. singhsaab  Feb 1, 2018 14:48 I Like It. | Report Abuse
ALLOTMENT DONE
avatar
8. SecTheta  Jan 28, 2018 08:08 I Like It. | Report Abuse
Big avoid!
avatar
7. AKMP  Jan 26, 2018 16:37 I Like It. 1 | Report Abuse
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 13:01 I Like It. | Report Abuse
listind date ?
avatar
5. Allan  Jan 23, 2018 12:00 I Like It. 1 | Report Abuse
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 15:01 I Like It. 3 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
Another expensive offer

Peers are available at lower PE
avatar
3. Shareking  Jan 21, 2018 20:34 I Like It. 5 | Report Abuse
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
avatar
2. Jain vivek  Jan 21, 2018 08:27 I Like It. 1 | Report Abuse
Overpriced issue
avatar
1. kundan  Jan 20, 2018 16:23 I Like It. 1 | Report Abuse
not good issue



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