Medicamen Organics Limited IPO : Key Information

Medicamen Organics Limited IPO is set to launch on 21 June, 2024. The company initiated its business operations in the year 1995. It manufactures, develops and distributes pharmaceutical dosages for Government and private entities. The product portfolio of the company includes capsules, tablets, ointments, oral liquids, syrups, gels, dry powders and suspensions. It has more than 84 products in its list. Its products are marketed pan India. The company also exports its products to multiple countries including Congo, Kameg, Benin, Togo, Burkina Faso, Senegal, Myanmar, Philippines, Togo, Mozambique, Kyrgyzstan, Burundi, Kenya etc. Its manufacturing facility is located in Haridwar and it has an employee base of 116 people.

Durlax Top Surface Limited : IPO DETAILS

Medicamen Organics Limited IPO is set to launch on 21 June, 2024. The subscription timeline extends till 25 June, 2024. The size for the IPO is Rs. 10.54 Crore. The IPO has a fresh issue of 10.54 Crore Rs. The lot size is 4000 shares and the price is Rs. 32 to Rs. 34 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs. 10 and this is a Book Built Issue. The registrar for the company is KFIn Technologies Limited. 

Tabular Description of Medicamen Organics Limited IPO

Medicamen Organics Limited IPO: IMPORTANT DATES

Medicamen Organics Limited IPO begins for subscription from 21 June, 2024. The IPO subscription would continue till 25 June, 2024. The allotment status for the shareholders who applied would come on 26 June, 2024. The refunds for the ones who did not get allotment would be initiated on 27 June, 2024. The DEMAT accounts of shareholders would be credited on 27 June, 2024. The listing of the company would be completed on 28 June, 2024.

Medicamen Organics Limited IPO: Lead Managers

The lead managers are :

• GYR Capital Advisors Private Limited

The minimum and maximum lot size for retail investors is 4000 shares, amounting to Rs. 136000. The minimum lot size for HNI is 8000 shares, amounting to Rs. 272000.  

OBJECTIVES FOR THE IPO

• General corporate purposes; and
• To meet the offer expenses.

COMPANY FINANCIALS

Medicamen Organics Limited had an asset base of 2707 Lakh Rs in 2021. This increased to 3211 Lakh Rs in 2022. However in 2023 the same boosted to 3858 lakh Rs. The revenue of the company has also been growing constantly at a steady pace. The revenue was around 2118 Lakh rs in 2021 which increased to 2296 lakh Rs in 2022. The revenue of the company was 2528 Lakh Rs in 2023. The profit of the company was 9 Lakh Rs in 2021. This boosted to 95 Lakh Rs in 2022 which is more than 10 times the profit earned in the previous year. The profit of the company skyrocketed to 240 Lakh Rs in 2023. 

PROS

• The product portfolio of the company includes capsules, tablets, ointments, oral liquids, syrups, gels, dry powders and suspensions. It has more than 84 products in its list. 
• Its products are marketed pan India. The company also exports its products to multiple countries including Congo, Kameg, Benin, Togo, Burkina Faso, Senegal, Myanmar, Philippines, Togo, Mozambique, Kyrgyzstan, Burundi, Kenya etc. 
• Its manufacturing facility is located in Haridwar and it has an employee base of 116 people.

Medicamen Organics Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Medicamen Organics Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.