IPO

Medicamen Organics Ltd. IPO

Medicamen Organics Ltd., established in 1995, operates in the Pharmaceuticals sector. The company's IPO opened on June 21, 2024 and closed on June 25, 2024, with an issue price of ₹34. The Medicamen ... Read more

Min Investment
₹ 1,36,000 / 4000 shares
Price Range
₹32 - ₹ 34
Bidding Dates
21 Jun '24 - 25 Jun '24
Total Issue Value
10.54 Cr
Lot Size
4,000
Total Issue Size
10.54 Cr
Listing At
NSE SME
Subscription
918.43 times
NSE Price
53.90 (58.53%)

IPO Timeline

  • 21 Jun 2024
    Bidding Starts
  • 25 Jun 2024
    Bidding Ends
  • 26 Jun 2024
    Allotment Finalization
  • 28 Jun 2024
    Listing

About Medicamen Organics Ltd.

We are engaged in developing, manufacturing and distribution of broad range of pharmaceutical dosage including generic dosage in form of Tablets, Capsules, Oral Liquids, Ointments, Gel, Syrups, Suspension and Dry powders for government (including both state and central governments) and private ... Read more

Parent organisation
Founded
Medicamen Organics Ltd.
1995

Medicamen Organics Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 8,76,000 (28.26%)
Market Makers 1,72,000 (5.55%)
Non Institutional Investors 4,40,000 (14.19%)
Qualified Institutional Buyers (QIBs) 5,84,000 (18.84%)
Retail Individual Investors (RIIs) 10,28,000 (33.16%)

Medicamen Organics Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 25.29 Cr 2.40 Cr 6.58 Cr
31 Mar 2023 22.96 Cr 96.93 Lakh 2.98 Cr
31 Mar 2022 21.19 Cr 10.14 Lakh 2.01 Cr

Medicamen Organics Ltd. Background

Major Events And Milestones
  • 1995
    Our Company was incorporated as a Public Limited company under the name “Panchdeep Pharmaceuticals Limited” and later the company has changed its name from “Panchdeep Pharmaceuticals Limited” to “Medicamen Organics Limited”. 1996
    We started with trading of pharmaceuticals for supplies to various Government departments.
  • 1998
    We took loan license with ‘M/s Rhydurg Pharmaceuticals’, a unit situated in Kundali across the border of Delhi and started getting product manufactured for our marketing.
  • 2007
    We purchased a plot of land measuring 1200 square meter from SIDCUL Industrial Authority in Haridwar and started construction for our own pharma unit. The construction of three-storeyed building (including basement measuring 15000 sq. feet was completed and we got our own manufacturing license for tablets, capsules, oral liquids in form 25 and 28 and started our own production in the same year (UNIT-I)
    We received WHO/GMP Certificate for Unit I which is valid till today
    We applied for a license for manufacturing of food supplements, like protein powders, vitamin tablets and syrups etc. and got our first license
    We received WHO/GMP Certificate for Unit I which is valid till today
    We got an opportunity to purchase one readymade adjacent unit to shift our food production in a separate unit. We got our first license in this Unit and tied up with renowned Pharma company for one of their renowned products for manufacturing in our plant. This unit was termed as (UNIT-II)
    We stopped production of general pharma products in Unit-I and converted it into a unit for exclusive production of Iron Tablets because of its huge world-wide demand. For this purpose, we entered into a joint venture with one Denish Company and gave them authority for worldwide export of our Iron Products. The joint venture company, in turn, got 50% equity in our company. In the year 2017, we reconstructed Unit-II and created 20000 sq. feet area for production of tablets, capsules, oral liquids, ointments and dry power, veterinary medicines, etc. and we got our first license for pharma in this unit.
Medicamen Organics Ltd. Object of Issues

1. Product registration in the international markets
2. Plant updation and increase in production capacity
3. To meet Working Capital requirements
4. General corporate purposes

Medicamen Organics Ltd. IPO Listing Details
Listing Date
28 Jun 2024
NSE Symbol
MEDIORGAN
ISIN
INE0PE401018
Final Issue Price
₹ 34
Medicamen Organics Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 34.00
Open - ₹ 137.85
Low - ₹ 130.95
High - ₹ 144.70
Last Trade - ₹ 144.70
Medicamen Organics Ltd. Company Promoters

Bal Kishan Gupta

Industry Overview

According to a recent EY FICCI report, there has been growing consensus over providing new innovative therapies to patients, Indian pharmaceutical market is estimated to touch US$ 130 billion in value by the end of 2030. Meanwhile, the global market size of pharmaceutical products is estimated to ... Read more

Medicamen Organics Ltd. Contact Details
Address: 10 Community Centre, No 2 Ashok Vihar, Phase II, New Delhi Delhi - 110052
Phone no:9818222845
9818222845
|
Medicamen Organics Ltd. IPO Registrar
KFin Technologies Ltd.
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad Telangana - 500032
67162222
Medicamen Organics Ltd. IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower, Drive-In Road, Thaltej, Ahmedabad Gujarat - 380054

FAQs

When does Medicamen Organics Ltd. IPO opens and closes?

Medicamen Organics Ltd. IPO opens from 21st June to 25th June 2024.

What is the size of Medicamen Organics Ltd. IPO?

The size of the Medicamen Organics Ltd. IPO is ₹10.54 Cr.

What is the price range of Medicamen Organics Ltd. IPO?

The price range of Medicamen Organics Ltd. IPO is at ₹32 to ₹34 per share.

What is the minimum investment and lot size required for the Medicamen Organics Ltd. IPO?

The minimum investment required is ₹1,36,000 and minimum lot size is 4000 shares.

When is Medicamen Organics Ltd. IPO listing date?

The Medicamen Organics Ltd. IPO will be listed on 28th June 2024.

What is the objective of Medicamen Organics Ltd. IPO?

1. Product registration in the international markets
2. Plant updation and increase in production capacity
3. To meet Working Capital requirements
4. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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