Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
SME IPO Status: Listed [21st Jun 2024 to 25th Jun 2024]
Medicamen Organics IPO, a SME IPO of ₹10.54 Cr was launced on 21-06-2024 to 25-06-2024 and the shares got listed on NSE SME on 28-06-2024.
The public issue of Medicamen Organics IPO (MEDIORG) was offered at ₹34.00 per share and the ipo was listed at ₹137.85. It has delivered listing gain of 305.44%.
As the minimum lot size was 4000 shares, the IPO has offered Rs 415400.00 per lot return on listing.
| SME IPO Issue Opening Date: | 21st Jun 2024 |
| SME IPO Issue Closing Date: | 25th Jun 2024 |
| SME IPO Issue Price: | ₹32.00-34.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹10.54 Cr |
| Fresh Issue: | ₹10.54 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 81.21% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | MEDIORG |
Get important updates regarding Medicamen Organics SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Jun 2024 |
| Refunds Initiation* | 27th Jun 2024 |
| Credit of Shares to Demat* | 27th Jun 2024 |
| SME IPO Listing Date* | 28th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹32.00-34.00 |
| Market Lot: | 4000 Shares |
| 1 Lot Amount: | ₹136000 |
| Min HNI Lots: | 8000 shares (2 lots)- ₹272000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 28-06-2024 | 34.00 | 70 | 212800 | ₹104 (205.88%) | 28-Jun-2024 10:24 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Medicamen Organics Limited was incorporated in March 1995 and is engaged in the development, manufacture and distribution of a wide range of pharmaceutical preparations including generic preparations in the form of tablets, capsules, oral liquids, ointments, gels, syrups, suspensions and dry powders for the Government (including State Governments and Central Government) and private entities as contract manufacturers/third party manufacturers.
They market their products to private pharmaceutical companies in the domestic and international markets through third party distributors or on a loan license basis. In addition, the company is strategically focused on establishing a direct presence on the international market. In the 2023 financial year, for example, it exported its product directly to Burundi. The company has a proven track record of operating a B2B model, which includes a contract manufacturing model. The products are distributed across India as well as in African, CIS and South East Asian countries such as Congo, Benin, Kameg, Togo, Senegal, Burkina Faso, Philippines, Myanmar, Mozambique, Togo, Burundi, Kyrgyzstan and Kenya through a third-party distributor.
The company has two WHO approved manufacturing facilities at 60 and 61, Sector 6A, I.I.E. SIDCUL, Ranipur, Haridwar 249403, Uttarakhand, spread over an area of 21,536 square meters. The manufacturing facilities are capable of producing pharmaceutical formulations and products and have a fully equipped quality control department with experienced and qualified personnel to facilitate a smooth manufacturing process. The company has an in-house testing laboratory and the necessary infrastructure to test its raw materials and finished products for compliance with quality standards.
| Incorporation | Sector | IPO Issue Size | Website |
| 1995 | Pharmaceuticals | ₹10.54 Cr | http://www.medicamenorganics.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 584,000 (28.46%) | 440,000 (21.44%) | 1,028,000 (50.1%) | 2,052,000 | |
| 1 | 21st Jun 2024 19:31 | 1.01x | 37.20x | 92.26x | 54.49x |
| 2 | 24th Jun 2024 19:31 | 1.42x | 125.83x | 348.14x | 201.79x |
| 3 | 25th Jun 2024 18:21 | 173.03x | 1,343.83x | 1,309.77x | 993.56x |
Medicamen Organics Limited's revenue increased by 10.13% and profit after tax (PAT) rose by 151% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,858.07 | 3,211.98 | 2,707.21 | 2,634.37 |
| Revenue | 2,528.96 | 2,296.24 | 2,118.67 | 2,505.96 |
| Profit After Tax | 240.41 | 95.78 | 9.23 | 29.81 |
| Net Worth | 1,518.40 | 851.71 | 755.92 | 746.72 |
| Reserves and Surplus | 658.40 | 251.71 | 155.92 | 146.72 |
| Total Borrowing | 1,265.65 | 1,179.50 | 1,024.57 | 958.97 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Medicamen Organics Limited | 3.18 | 3.18 | 17.66 | 15.83 | ||
| Brooks Laboratories Ltd. | -12.57 | -12.57 | 30.1 | 10.6 | -28.26 | |
| Cian Healthcare Ltd | 0.43 | 0.43 | 22.4 | 53.84 | 1.75 | |
| Zenotech Laboratories Ltd. | 1.9 | 1.9 | 14.2 | 38.76 | 14.08 |
Last Updated on 02-Jul-2024 07:03:15
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Medicamen Organics SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Medicamen Organics SME IPO with Zerodha.
Alternate approch to apply in Medicamen Organics SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Medicamen Organics SME IPO Review and Important Updates
Other relevant questions :
How to subscribe Medicamen Organics SME IPO Zerodha? How to purchase Medicamen Organics SME IPO on Zerodha? Medicamen Organics SME IPO how to buy Zerodha? Medicamen Organics SME IPO Zerodha apply. Medicamen Organics SME IPO purchase Zerodha. Medicamen Organics SME IPO with Zerodha. Medicamen Organics SME IPO at Zerodha. Medicamen Organics SME IPO kite Zerodha. Medicamen Organics SME IPO using Zerodha. Medicamen Organics SME IPO via Zerodha.
To subscribe or apply in Medicamen Organics SME IPO, you can use the following methods:
| Medicamen Organics SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Medicamen Organics SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Medicamen Organics SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Medicamen Organics SME IPO. Most of the Syndicate Banks provide access to apply in Medicamen Organics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Medicamen Organics SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Medicamen Organics SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Medicamen Organics SME IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Medicamen Organics SME IPO? Where to apply for Medicamen Organics SME IPO? How to subscribe Medicamen Organics SME IPO online? Medicamen Organics SME IPO where to apply? Where to buy Medicamen Organics SME IPO online? How to buy Medicamen Organics SME IPO online? How to purchase Medicamen Organics SME IPO? How to get Medicamen Organics SME IPO? How to book Medicamen Organics SME IPO? How to invest Medicamen Organics SME IPO? Medicamen Organics SME IPO kaise buy kare?
Medicamen Organics SME IPO is going to be list on 28-06-2024. NSE Code for Medicamen Organics is MEDIORG.
Other relevant questions:
When Medicamen Organics SME IPO will be listing? Medicamen Organics SME IPO NSE listing date?Medicamen Organics SME IPO date of listing
Medicamen Organics SME IPO Allotment Date is 26-06-2024.
Other relevant questions:
Medicamen Organics SME IPO share allotment date?Medicamen Organics SME IPO allotment date?
