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Medicamen Organics Ltd IPO: Review, Valuation, Date & GMP
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Table of Contents
- Medicamen Organics Limited IPO: Complete Overview
- Medicamen Organics Limited IPO Overview
- Company Financial
- The Objective of the Issue
- Peers of Medicamen Organics Limited IPO
- Evaluation
- IPO's Strengths
- IPO’s Weaknesses
- IPO GMP Today
- Promoters and Management of Medicamen Organics Limited IPO
- Medicamen Organics Limited IPO Lead Managers
- Dividend Policy
- Conclusion
Medicamen Organics Limited IPO: Complete Overview
India is the world's largest generic drug provider, with a reputation for producing low-cost vaccines and generic medications. Over the previous nine years, the Indian pharmaceutical business has grown at a CAGR of 9.43%, making it the third largest producer by volume.
Dear readers today we are ready with IPO details of Medicamen Organics Limited IPO. Medicamen Organics Limited, founded in 1995, 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 and federal governments) and private entities as a contract manufacturer/third-party manufacturer. It is located in New Delhi, India.
The company's product line includes 84 different drugs, including antibacterial, antidiarrheal, antifungal, antimalarial, antidiabetic, proton pump inhibitors, antihistamines, antihypertensive drugs, lipid preparations, antiparasitics, multivitamin preparations, multimineral, and nonsteroidal anti-inflammatory drugs (NSAIDs). Medicamen Organics Limited develops, manufactures, and distributes a wide range of pharmaceutical dosages, including generic doses in the form of tablets, capsules, oral liquids, ointments, gel, syrups, suspensions, and dry powders for government (including both
By September 30, 2023, the company had 116 employees.
The company is all set to offer its IPO on June 21, 2024, So whoever is interested, can take part in the upcoming Medicamen Organics Limited IPO.
Now we will discuss this IPO's offerings in detail below.
Medicamen Organics Limited IPO Overview
The Medicamen Organics Limited IPO is a book-built offering worth 10.54 crore. The issue is a total new issue of 31 lakh shares worth up to Rs.10.54 crore. The IPO will begin subscriptions on June 21, 2024, and end on June 25, 2024. Medicamen Organics Limited IPO will be placed on NSE and SME, with a preliminary listing date set for Friday, June 28, 2024.
The price of each share is Rs.32 to Rs.34.
Company Financial
This is a synopsis of Medicamen Organics Limited IPO's financial data for the financial year that concluded on 31 March 2023 and 31 March 2022.
-
Medicamen Organics Limited's revenue increased by 8.38%.
-
The company’s PAT rose by 937.7%.
-
The total income of the company has increased to 2296.24 lacs from 2118.67 lacs.
(Amount in Lacs)
Period |
30 Sep 2023 |
31 Mar 2023 |
31 Mar 2022 |
Total Assets |
3,450.88 |
3,211.98 |
2,707.21 |
Total Revenue |
1,132.60 |
2,296.24 |
2,118.67 |
PAT |
129.11 |
95.78 |
9.23 |
Net worth |
1,180.83 |
851.71 |
755.92 |
Reserve & Surplus |
380.83 |
251.71 |
155.92 |
Total Borrowings |
1,062.50 |
1,179.50 |
1,024.57 |
Revenue Bifurcation
Below are the facts presented in different activities of the company. Let’s have a view on it for a better understanding of the company’s performance.
Cash Flow from Operating Activities:
Net cash flow from operating activities decreased to 48.76 lacs in September 2023, from 58.37 lacs in March 2023.
Cash Flow from Investing Activities:
Net cash involved in investing activities decreased to 6.51 lacs in September 2023, from 28.13 lacs in March 2023.
Cash Flow from Financing Activities:
Net cash flow involved in financing activities decreased to 51.65 lacs in September 2023, from 93.69 lacs in March 2023.
Product-wise Revenue Bifurcation
Products |
30 Sep 2023 |
31 Mar 2023 |
31 March 2022 |
Sales (%) |
Sales (%) |
Sales (%) |
|
Capsules |
1.47 |
22.50 |
4.18 |
Ointment |
0.36 |
13.44 |
17.38 |
Suspension |
21.43 |
0.65 |
2.53 |
Dry Powder Sachet |
2.88 |
7.00 |
1.60 |
Tablet |
64.80 |
49.98 |
71.74 |
Other Operating Revenues |
9.06 |
6.43 |
2.57 |
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill:
-
Product registration in international markets,
-
Plant enhancements and increased production activity.
-
Working capital requirements, and
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General corporate purposes.
Peers of Medicamen Organics Limited IPO
(Rs. in Lacs)
Company Name |
Face Value (Rs.) |
EPS (Rs.) |
P/E |
Brooks Laboratories Ltd |
10 |
12.57 |
10.60 |
Cian Healthcare Ltd |
10 |
0.43 |
53.84 |
Zenotech Laboratories Ltd |
10 |
1.90 |
38.76 |
Evaluation
The IPO issue price is Rs.32 to Rs.34 for each share.
Evaluation of P/E Ratio
The P/E Ratio of Medicamen Organics Limited IPO is not available.
Comparative Analysis with Listed Peers
The average P/E Ratio of the industry is not available.
IPO's Strengths
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Experienced promoter and management team.
-
Diverse product portfolio.
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Scalable business model.
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Ensuring quality
IPO’s Weaknesses
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Dependency on buyers
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Lack of brand awareness
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Lack of firm arrangements for Finance
IPO GMP Today
The Latest GMP of Medicamen Organics Limited IPO is Rs.55
Medicamen Organics Limited IPO timetable (Tentative)
Medicamen Organics Limited IPO is scheduled from June 21 to June 25, 2024, with allotment on June 26, refund initiation on June 27, and listing on June 28, 2024.
Events |
Date |
IPO Opening Date |
June 21, 2024 |
IPO Closing Date |
June 25, 2024 |
IPO Allotment Date |
June 26, 2024 |
Refund initiation |
June 27, 2024 |
IPO Listing Date |
June 28, 2024 |
Medicamen Organics Limited IPO Details
Medicamen Organics Limited IPO with a face value of Rs.10 per share is set to start on June 21 and close on 25 June and will offer a fresh issue size of 3,100,000 shares (worth up to ₹10.54 Cr).
IPO Opening & Closing Date |
June 21, 2024 to June 25, 2024 |
Face Value |
Rs.10 per share |
Issue Price |
Rs.32 to Rs.34 |
Lot Size |
4000 shares |
Price of 1 lot |
Rs. 1,36,000 |
Issue Size |
3,100,000 shares (aggregating up to ₹10.54 Cr) |
Offer for sale |
Nil |
Fresh Issue |
3,100,000 shares (aggregating up to ₹10.54 Cr) |
Listing at |
NSE, SME |
Issue Type |
Book Built Issue IPO |
Registrar |
Kfin Technologies Limited |
Medicamen Organics Limited IPO Lot Details
Medicamen Organics Limited IPO allows retail investors to invest in a minimum and maximum of 1 lot (4000 shares) at Rs.1,36,000 while for HNI investors, the minimum lot is 2 (8000 shares) at Rs.2,72,000.
Minimum Lot Investment (Retail) |
1 lot |
Maximum Lot Investment (Retail) |
1 lot |
HNI (Min) |
2 lot |
Medicamen Organics Limited IPO Reservation
QIB share Portion |
50% |
Retail Investors’ Share Portion |
35% |
NII (HNI) shares offered |
15% |
Promoters and Management of Medicamen Organics Limited IPO
-
Mr. Bal Kishan Gupta
Medicamen Organics Limited IPO Lead Managers
-
GYR Capital Advisors Private Limited
Dividend Policy
The company has not paid any Dividends in the last 3 years.
Conclusion
Medicamen Organics Limited IPO has previously experienced negative cash flows from investing and financing activities in the period that ended 31 March 2023, and 31 March 2022.
So, if you want to participate in its upcoming IPO, you need first conduct extensive research on the company, its finances, commercial prospects, and industry trends.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
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Frequently Asked Questions
The IPO will begin accepting subscriptions on June 21, 2024.
The issue price of the IPO is Rs.32 to Rs.34 for each share.
The total issue size of the IPO is up to Rs.10.54 crore
The IPO closing date is June 25, 2024.
The company desires to use the Net Proceeds from the Issue to fulfill product registration in international markets, Plant enhancements, increased production activity, working capital requirements, and General corporate purposes.