Medicamen Organics Limited develops, manufactures, and distributes pharmaceutical dosages including generic dosages in the form of tablets, capsules, oral liquids, ointments, gels, syrups, suspensions and dry powders for the Government (including State Governments and Central Governments) and private entities as a contract manufacturer/third party manufacturer.
The company’s product list comprises 84 products and offers a wide range of drugs such as antibacterial, antidiarrheal, antifungal, antimalarial, antidiabetic, proton pump inhibitors, antihistamines, antihypertensive drugs, lipid preparations, antiparasitics, multivitamin preparations, multimineral and non-steroidal anti-inflammatory drugs (NSAIDS).
The company’s products are marketed throughout 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 third-party distributors.
The company has two WHO-GMP-approved manufacturing facilities in Haridwar, Uttarakhand, covering an area of 21,536 Sq. Ft. As on September 30, 2023, the company has entered into contract manufacturing with 38 domestic partners and 12 merchant exporters.
As of September 30, 2023, the company employed a total of 116 people.
Medicamen Organics IPO – Details
| IPO Opening Date | 21 June 2024 |
| IPO Closing Date | 25 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 31,00,000 Shares Worth ₹10.54 Crore Fresh Issue: 31,00,000 Shares Worth ₹10.54 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹32 – ₹34 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Medicamen Organics IPO – Date Schedule
| IPO Open Date | 21 June 2024 |
| IPO Close Date | 25 June 2024 |
| Basis of Allotment | 26 June 2024 |
| Initiation of Refund | 27 June 2024 |
| Credit of Shares to Demat Account | 27 June 2024 |
| IPO Listing Date | 28 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 25, 2024 |
Medicamen Organics IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 4000 | ₹1,36,000 |
| Retail (Maximum) | 1 | 4000 | ₹1,36,000 |
| HNI (Minimum) | 2 | 8000 | ₹2,72,000 |
Competitive Strengths
- Experienced Promoters and Management Team;
- Long standing relationships with customers;
- Efficient operational team;
- Consistent financial performance;
Company Promoters
- Mr. Bal Kishan Gupta
Object Of The Issue
- Funding of expenses proposed to be incurred towards Product registration in the international markets;
- Plant updation and increase in production capacity;
- Funding working capital requirements of our Company; and
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 25.05 | 24.56 | 0.29 | 9.58 |
| 31 March 2022 | 21.18 | 20.93 | 0.09 | 10.24 |
| 31 March 2023 | 22.96 | 21.60 | 0.95 | 11.79 |
| 30 September 2023 | 11.32 | 9.57 | 1.29 | 10.62 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 19.90% |
| ROCE | 14.50% |
| Debt/Equity | 0.83 |
| RoNW | 15.83 |
| P/BV | 2.39 |
| PAT Margin (%) | 9.51 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.11 | 2.21 |
| P/E (x) | 30.53 | 15.41 |
Medicamen Organics IPO Promoter Holding
| Pre Issue Share Holding | 81.21% |
| Post Issue Share Holding | – |
Medicamen Organics IPO Prospectus
Company Contact Information
| Medicamen Organics Limited 10 Community Centre, No 2 Ashok Vihar Phase II, New Delhi, Delhi, 110052 Phone: +91-9818222845 Email: cs@mediorganics.in Website: http://www.medicamenorganics.com/ |
Medicamen Organics IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: medicamen.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Medicamen Organics IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Medicamen Organics IPO FAQs
| What is Medicamen Organics IPO? Medicamen Organics IPO is a SME IPO. The issue is priced at ₹32 – ₹34 per equity share. The IPO is to be listed on NSE SME. |
| When Medicamen Organics IPO will open? The IPO is to open on 21 June 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Medicamen Organics IPO? You can apply for Medicamen Organics IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Medicamen Organics IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Medicamen Organics”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Medicamen Organics IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Medicamen Organics”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Medicamen Organics IPO Size? Medicamen Organics IPO size is ₹10.54 crores. |
| What is Medicamen Organics IPO Price Band? Medicamen Organics IPO Price Band is ₹32 – ₹34. |
| What is Medicamen Organics IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,36,000 amount while the maximum bid is 4000 shares with ₹1,36,000. |
| What is the Medicamen Organics IPO Allotment Date? Medicamen Organics IPO allotment date is 26 June 2024. |
| What is the Medicamen Organics IPO Listing Date? Medicamen Organics IPO listing date is 28 June 2024. The IPO is to list on NSE SME. |
