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Medico Remedies Ltd IPO (MRL IPO) Details

Medico Remedies Ltd IPO (MRL IPO) Details:

Medico Remedies Ltd manufactures and sells pharmaceutical formulation products in India.

The company offers formulation pharmacy products, including anti-infective, beta lactum, cephalosporin, antimalarial, antiretroviral, and anti-ulcer drugs, as well as antacids; vitamins, haematinics, and other supplements; and nonsteroidal anti-inflammatory drugs, antihistaminics, anti-diabetics, cardio vascular drugs, diuretics, anti-epileptics, combination drug kits, syrups, and creams and gels.

It serves wholesalers or traders of formulation products. The company also exports its products. Medico Remedies Ltd was founded in 1994 and is based in Mumbai, India.

Objects of the Issue:

The issue consists of a Fresh Issue of 9,49,200 Equity Shares by Company aggregating to Rs 949.20 lakhs and an Offer for Sale of 1,50,000 Equity Shares aggregating to Rs 150.00 lakhs by the Selling Shareholders.

The Offer for Sale

Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

The Fresh Issue

The Objects of the Fresh Issue is to raise funds for:

  1. Repayment of loans.
  2. Funding expenditure for General Corporate Purposes.
  3. Issue related expenses.
Medico Remedies Ltd IPO (MRL IPO) Details:
  1. Issue Open: January 29, 2018 – January 31, 2018
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 1,099,200 Equity Shares of Rs 10 aggregating up to Rs 10.99 Cr
  5. Issue Price: Rs 100 Per Equity Share
  6. Market Lot: 1200 Shares
  7. Minimum Order Quantity: 1200 Shares
  8. Listing At: BSE SME

* To Be Updated

Book Running Lead Manager:

ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel No.:+91 6216 6999 Fax No.:+91 222263 0434
Email: ipo@afsl.co.in
Investor Grievance Email: feedback@afsl.co.in

REGISTRAR TO THE ISSUE:

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building No. 1,
Club House Road
Chennai – 600 002
Tel No.: +91 44 2846 0390/ 1989 Fax No.: +91 44 2846 0129
Email: cameo@cameoindia.com

Draft Red Herring Prospectus (DRHP) Of Medico Remedies Ltd IPO (MRL IPO):

Medico Remedies Ltd (MRL) IPO Prospectus

Red Herring Prospectus (RHP) Of Medico Remedies Ltd IPO (MRL IPO):

Medico Remedies Ltd (MRL) IPO Prospectus

Medico Remedies Ltd IPO (MRL IPO) Grey Market Premium (GMP):

Grey Market Premium (GMP) of Medico Remedies Ltd IPO (MRL IPO) is not active as of now.

Medico Remedies Ltd IPO (MRL IPO) Allotment and Listing Dates Schedule:

  • 29/Jan/18 – Bid/Offer Opening Date
  • 31/Jan/18 – Bid/Offer Closing Date
  • 05/Feb/18 – Finalisation of Basis of Allotment
  • 06/Feb/18 – Unblocking of Funds from ASBA Account
  • 07/Feb/18 – Credit of Equity Shares to Demat Account
  • 08/Feb/18 – Commencement of Trading on NSE/BSE

* To Be Updated

How To Check Medico Remedies Ltd IPO (MRL IPO) Allotment Status:

To Check Medico Remedies Ltd (MRL) IPO Allotment Status : Click Here

  1. Select Medico Remedies Ltd IPO (MRL IPO) from the first drop Down Menu.
  2. Provide your PAN Number.

Market Update:

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