Medico Remedies IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 10.99 Cr. The company is based in Mumbai and caters to Pharmaceutical sector. Aryaman Financial Services is the merchant banker of Medico Remedies IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2017.
Medico Remedies IPO open date is 29th January 2018 and close date is 31st January 2018. IPO Allotment Date is 30th November -0001 and Listing date is 8th February 2018.Medico Remedies IPO size is ₹ 10.99 Cr. with IPO price of ₹ 100.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Aryaman Financial Services Limited is the book-running lead manager of the Medico Remedies IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Aryaman Capital Markets Limited for Medico Remedies IPO.
Medico Remedies IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Medico Remedies IPO, based in Mumbai, operates in the Pharmaceutical sector with a focus on manufacturing and selling of pharmaceutical formulation products in India.. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Medico Remedies IPO size is ₹ 10.99 Cr. with fresh issue size of ₹ 10.99 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Medico Remedies IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Medico Remedies IPO allotment status on the registrars website, Cameo Corporate Services Limited . Medico Remedies IPO refund dates are 30th November -0001.
Medico Remedies IPO is expected to be listed on 8th February 2018.
The upper price band for the Medico Remedies IPO is set at ₹ 100.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Medico Remedies IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Medico Remedies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 31st January 2018. After submission, funds are blocked until the basis of allotment of Medico Remedies IPO is finalised.
The merchant banker for Medico Remedies IPO is Aryaman Financial Services Limited . Aryaman Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Medico Remedies IPO RHP for further details.
The registrar for Medico Remedies IPO is Cameo Corporate Services Limited . Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Medico Remedies IPO through their official website or helpline.
Medico Remedies IPO was subscribed 1.84 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
Medico Remedies IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Medico Remedies Financial Review Page
Merchant Banker(s) of Medico Remedies IPO: Aryaman Financial Services Limited
Medico Remedies IPO subscription was 1.84 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Medico Remedies IPO listed at a listing price of 97.15 against the offer price of 100.00.
The current market price of Medico Remedies is 49.00.
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