Medico Remedies IPO is all about to make its debut on Jan 29 2018 with issue size of INR 10.99Cr
Medico Remedies Limited, an Indian firm that was founded in 1994 and is WHO-GMP & ISO-9001:2008 certified, manufactures and sells pharmaceutical formulation products. The business provides nonsteroidal anti-inflammatory drugs, antihistaminics, anti-diabetics, cardio vascular drugs, diuretics, anti-epileptics, combination drug kits, syrups, creams, and gels, as well as anti-infective, beta lactum, cephalosporin, antimalarial, antiretroviral, and anti-ulcer drugs, as well as antacids.
They provide services to dealers or wholesalers of formulation goods. Additionally, the firm sells its goods to Turkmenistan, Uganda, Myanmar, Vietnam, Cambodia, Cambodia, Dominican Republic, Sri Lanka, Hong Kong, Iraq, Honduras, Cuba, Jamaica, Hong Kong, Nigeria, Senegal, Panama, and Mozambique, among other countries.
INDUSTRY OVERVIEW
The Central Statistics Organisation (CSO) and International Monetary Fund (IMF) predict that India’s GDP would expand between 6.75 and 7.5 percent in FY 2017–18, making it the world’s fastest-growing major economy. Strong government reforms, the Reserve Bank of India’s focus on reducing inflation, and low commodity prices globally all contribute to this development. India’s BAA3 rating has been confirmed by Moody’s with a favourable outlook, citing governmental changes that will help the nation outperform its competitors in the medium run. The nation is the third-largest startup hub in the globe and has experienced an increase in tax collecting numbers. The amount of M&A has also doubled.
Medico Remedies IPO Details
| IPO Date | Jan 29, 2018 to Jan 31, 2018 |
| Listing Date | Feb 8, 2018 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,099,200 shares(aggregating up to ₹10.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Objects of the Issue
The goal of the problem is to:
- Loan repayment
- Funding expenditures for general company goals.
Medico Remedies IPO Prospectus
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 Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
