Medicamen Organics Ltd - IPO

Medicamen Organics Ltd IPO Details

Initial public offer of upto 31,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Medicamen Organics Limited (the Company or Medicamen or Issuer) at an issue price of Rs. 34 per equity share (including a share premium of Rs. 24 per equity share) for cash, aggregating up to Rs. 10.54 crores (Public Issue) out of which 1,72,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 34 per equity share for cash, aggregating Rs. 0.58 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of upto 29,28,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 34 per equity share for cash, aggregating up to Rs. 9.96 crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 26.49 % and 25.02 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding of expenses proposed to be incurred towards products registration in the international markets. Plant updation and increase in production capacity. Funding working capital requirements of the company. General corporate purposes.

Medicamen Organics Ltd Contact Details

Medicamen Organics Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@mediorganics.in

Website - www.medicamenorganics.com