Medicamen Organics Ltd

Pharmaceuticals

Offer Period :

21st to 6th Jun 2024

Medicamen Organics Limited develops, manufactures, and distributes a wide range of pharmaceutical dosages, including tablets, capsules, syrups, and ointments. Serving both Read more...government and private sectors, the company operates two WHO GMP-approved facilities in Haridwar. With a B2B model, they market products domestically and internationally across Africa, CIS, and Southeast Asia. Their commitment to quality is bolstered by ongoing research, development, and a diverse product portfolio. Read less

Medicamen Organics Ltd IPO Details

IPO Date 21st to 6th Jun 2024 Minimum Investment ₹136000 / 1 Lots
Listing Date 2024-06-28 Maximum Investment ₹136000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹10.54 Crores
Price ₹34 to ₹34 per share Fresh Issue ₹10.54 Crores
Lot Size 1 Lots (4000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 21st to 6th Jun 2024
Listing Date 2024-06-28
Face Value ₹10 per share
Price ₹34 to ₹34 per share
Lot Size 1 Lots (4000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹136000 / 1 Lots
Maximum Investment ₹136000 / 1 Lots
Total Issue Size ₹10.54 Crores
Fresh Issue ₹10.54 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

21st Jun

IPO Starts

25th Jun

IPO Ends

26th Jun

Allotment Date

26th Jun

Initiation of Refund

27th Jun

Credit of Shares to Demat Account

28th Jun

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 77.79 0
Public Group 22.21 100

Medicamen Organics Ltd IPO Reservation

QIB Shares Offered 584000(18.84%)
NII (HNI) Shares Offered 440000(14.19%)
Retail Shares Offered 1028000(33.16%)
Anchor Investor Shares Offered 876000(28.26%)
Total Shares Offered 3100000
Total Shares With Anchor Investor 3100000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Medicamen Organics Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id nvl.ipo@kfintech.com;
Our Website www.kfintech.com

Medicamen Organics Ltd IPO Lead Manager

1. GYR Capital Advisors Pvt Ltd

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Medicamen Organics Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 5,84,000 8,36,000 1,05,865.0
Non Institutional Investors 6,12,000 6,75,76,000 1,05,865.0
Retail Individual Investors (RIIs) 10,28,000 42,34,60,000 1,05,865.0
Total 22,24,000 49,18,72,000 1,05,865.0

Strength of Medicamen Organics Ltd

1. Experienced Promoters and Management Team.

2. Long standing relationships with customers.

3. Efficient operational team.

4. Consistent financial performance.

Risks Involved

1. The Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.

2. The company requires a number of approvals, licenses, registrations and permits in the ordinary course of its business and any failures or delay in obtaining the same in a timely manner may adversely affect its operations.

3. Its business activities are exposed to fluctuations in the prices of raw materials.

4. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

5. The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

6. The restated examination report by its peer review auditor on Restated Financial Statements has provided a matter of emphasis paragraph for the company has not accounted for interest provisions as per MSMED Act, 2006.

7. Its Registered Office and the company factories are located on premises which are not owned by it and has been obtained on lease basis. Disruption of its rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact the company operations and, consequently, its business, financial condition and results of operations.

8. The Company has entered into certain related party transactions and may continue to do so in the future.

9. Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.

10. Some of its corporate records relating to changes in the share capital of the Company, allotments made by the Company, and transfers and acquisitions of Equity Shares made by its Promoters, not traceable. There have been instances of non-filing of certain ROC forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Medicamen Organics Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-06-28 92885 MEDIORG
INE0PE401018
₹34 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹34 ₹34
Open ₹0 ₹137.85
Low ₹0 ₹130.95
High ₹0 ₹144.7
Low ₹0 ₹130.95

Frequently Asked Questions

What is Medicamen Organics Ltd IPO?

Answer Field

Medicamen Organics Ltd IPO is a SME IPO of 31,00,000 equity shares of a face value of ₹10 aggregating up to ₹10.54 Crores. The issue is priced at ₹34 to ₹34 per share. The minimum order quantity is 4000 Shares. The IPO opens on June 21, 2024, and closes on June 25, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Medicamen Organics Ltd IPO will open?

Answer Field

The Medicamen Organics Ltd IPO opens on June 21, 2024 and closes on June 25, 2024.

What is the lot size of Medicamen Organics Ltd?

Answer Field

Medicamen Organics Ltd lot size is 4000 shares, and the minimum amount required is ₹1,36,000.

How to apply for Medicamen Organics Ltd IPO?

Answer Field

You can apply in Medicamen Organics Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Medicamen Organics Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Medicamen Organics Ltd IPO will be done on June 26, 2024, and the allotted shares will be credited to your demat account by June 27, 2024.

When is Medicamen Organics Ltd IPO listing date?

Answer Field

The Medicamen Organics Ltd listing date is June 28, 2024.

Who is the registrar of Medicamen Organics Ltd IPO?

Answer Field

The registrar of Medicamen Organics Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

GYR Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Medicamen Organics Ltd IPO?

Answer Field

The fresh issue size is ₹10.54 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Medicamen Organics Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 4000 shares and ₹1,36,000 amount.

How can I approve the UPI mandate request for Medicamen Organics Ltd IPO?

Answer Field

To apply for Medicamen Organics Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Medicamen Organics Ltd?

Answer Field

The price of each Medicamen Organics Ltd share will be ranging in between ₹34 to ₹34 per share.

What is the cut-off time for the UPI mandate for Medicamen Organics Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 25, 2024.

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