MEDICAMEN ORGANICS Limited IPO GMP

MEDICAMEN ORGANICS LIMITED is engaged in manufacturing of pharmaceutical dosage form such as Tablets, Capsules, Oral Liquids, and Ointments and they are having two WHO-GMP Certified Plant in Haridwar.

Medicamen Organics IPO, a Fixed Price issue amounting to ₹10.54 crores, consisting entirely of a fresh issue of 31 lakh shares. The subscription period for the Medicamen Organics IPO opens on June 21, 2024, and closes on June 25, 2024. The allotment is expected to be finalized on or about Wednesday, June 26, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, June 28, 2024.

The price of Medicamen Organics IPO is set at ₹32 to ₹34 equity per share, with a minimum lot size of 4000 shares. Retail investors are required to invest a minimum of ₹136,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (8000 shares), amounting to ₹272,000.

GYR CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar. GIRIRAJ STOCKS BROKING PRIVATE LIMITED is also the market maker for Winny Immigration IPO.

Medicamen Organics IPO GMP Today

The Grey Market Premium is expected in the range of ₹35 - ₹37  based on the financial performance and live subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Medicamen Organics IPO Live Subscription Status Today

As of 06:07 PM on 21 June 2024, the Medicamen Organics IPO live subscription status shows that the IPO fully subscribed on the day 1 itself. The Medicamen Organics IPO subscriped 40 times on NSE. Check the Medicamen Organics IPO Live Subscription Status Today at NSE

Medicamen Organics IPO Allotment Status

Medicamen Organics IPO allotment date is 26 June 2024, Wednesday. Medicamen Organics IPO Allotment will be out on 26th June 2024 and will be live on Registrar Website. Check Medicamen Organics IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Medicamen Organics from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Medicamen Organics Limited

Medicamen Organics Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. Funding of expenses proposed to be incurred towards Product registration in the international markets
2. Plant updation and increase in production capacity
3. Funding working capital requirements of their Company
4. General Corporate Purposes.

Refer to Medicamen Organics Limited RHP for more details about the Company.