IPO

Medico Remedies Ltd

Public issue of 10,99,200 equity shares of Rs. 10/- each ("equity shares") of Medico Remedies Limited ("MRL" or the "company") for cash at a price of Rs. 100 per share (the "issue price"), aggregating to Rs. 10.99 crores ("the issue") consisting of fresh issue of 9,49,200 equity shares aggregating to Rs. 9.49 crores and an offer for sale of 1,50,000 equity shares by the selling shareholders aggregating to Rs. 1.50 crores ("offer for sale"), of which 57,600 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 10,41,600 equity shares of Rs. 10/- each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.49% and 25.10% respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 and the issue price is 10 times of the face value.
Issue
Opens On Closes On
29-Jan-18 31-Jan-18
Money Payable On
Application Allotment
100.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
Cr Lead Managers to the Issue
Project Cost (.Cr) 9.49 Aryaman Financial Services Ltd
Project Financed through Current Offer (.Cr) 10.99  
Post Issue Equity Share Capital (.Cr) 4.15
Issue Price () 100.00
Projects
Repayment of loans
Funding expenditure for general corporate purposes
Promoted By
Haresh Mehta
Harshit Mehta
Rita Mehta
Listing At
BSE - SME
Registrar to the Issue
Cameo Corporate Services Ltd