Mono Pharmacare Limited IPO Detail
Incorporated in 1994, Mono Pharmacare Limited is engaged in the business of marketing and distribution of pharmaceutical products.
The company offers Health Care products, Antibiotic medicines, Cough Cold Anti Allergic medicines, Antifungal medicines, Nutraceutical medicines, Analgesic & Antipyretic medicines, Antacid & Antiemetics medicines, Cardiac - Diabetic medicines, and cosmocare products.
Mono Pharmacare works with contract manufacturers to manufacture pharmaceutical products to sell them under their brand name DLS Export. The company acquired DLS Export in 2022, for an aggregate consideration of ₹ 609 lakhs, in order to grow its product portfolio in selected therapeutic areas.
As on February 28, 2023, the company has over 168 pharmaceutical companies as their distributors and stockists and also, and served over 3,036 customers/vendors who are a mix of retail pharmacy stores as well as wholesalers.
Company Promoters
Panilam Lakhatariya and Supal Lakhatariya are the company's promoters.IPO Details
| IPO Opening Date | Aug 28, 2023 |
| IPO Closing Date | Aug 30, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 - 28 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹15.40 Cr |
| Fresh Issue | 5,500,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | - |
| Retail Portion | 45.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.19x | 3.36x | 1.60x |
| Day 2 | 0.04x | - | - | 0.75x | 8.32x | 4.09x |
| Day 3 | 10.89x | - | - | 8.00x | 19.39x | 13.42x |
IPO Tentative Timetable
The Mono Pharmacare Limited IPO open date is Aug 28, 2023, and the close date is Aug 30, 2023. The issue may list on Sep 07, 2023.
| IPO Open Date | Aug 28, 2023 |
| IPO Close Date | Aug 30, 2023 |
| Basis of Allotment Date | Sep 04, 2023 |
| Initiation of Refunds | Sep 05, 2023 |
| Credit of Shares to Demat Account | Sep 06, 2023 |
| IPO Listing Date | Sep 07, 2023 |
IPO Lot Size
The Mono Pharmacare Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹112000 |
| Maximum | 1 | 4000 | ₹112000 |
IPO Promoter Holding
| Pre Issue Share Holding | 81.02% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1122.46 | 2837.83 | 9.51 |
| 31-Mar-22 | 1438.31 | 3710.27 | 35.09 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the working capital requirements,
- General corporate purposes, and
- To meet the issue expenses.
Mono Pharmacare Limited IPO Registrar:
Bigshare Services Pvt Ltd
Mono Pharmacare Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd
Company Contact Information:
Mono Pharmacare Limited
1A, Krinkal Apartment Opp. Mahalaxmi Temple, Paldi
Ahmedabad
Ahmedabad
