Table of Contents
Overview of IPO:
- Mono Pharmacare Limited ipo : Established in 1994, engaged in pharmaceutical product marketing and distribution.
Product Range:
- Diverse pharmaceutical products, including:
- Health Care products
- Antibiotic medicines
- Cough Cold Anti Allergic medicines
- Antifungal medicines
- Nutraceutical medicines
- Analgesic & Antipyretic medicines
- Antacid & Antiemetics medicines
- Cardiac – Diabetic medicines
- Cosmocare products
Brand Strategy and Acquisition:
- Collaboration with contract manufacturers to produce pharmaceuticals under the brand name DLS Export.
- Acquired DLS Export in 2022 for ₹609 lakhs, expanding product portfolio in specific therapeutic areas.
Distribution Network:
- Over 168 pharmaceutical companies as distributors and stockists.
- Served more than 3,036 customers/vendors, encompassing retail pharmacy stores and wholesalers.
Mono Pharmacare IPO Details
- The Mono Pharmacare IPO is categorized as a Book Built Issue.
- The total issue size of the IPO is Rs 14.84 Crores.
- The Mono Pharmacare IPO price range is set at ₹26 to ₹28 per share.
- The IPO is scheduled to be listed on the NSE SME (National Stock Exchange Small and Medium Enterprises) platform.
| IPO Date | Aug 28, 2023 to Aug 30, 2023 |
| Listing Date | Thursday, 7 September 2023 |
| Price | ₹26 to ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 5,300,000 shares (aggregating up to ₹14.84 Cr) |
| Fresh Issue | 5,300,000 shares (aggregating up to ₹14.84 Cr) |
| Share holding pre issue | 12,368,564 |
| Share holding post issue | 17,668,564 |
Mono Pharmacare IPO Timetable (Tentative)
| IPO Open Date | Monday, 28 August 2023 |
| IPO Close Date | Wednesday, 30 August 2023 |
| Basis of Allotment | Monday, 4 September 2023 |
| Initiation of Refunds | Tuesday, 5 September 2023 |
| Credit of Shares to Demat | Wednesday, 6 September 2023 |
| Listing Date | Thursday, 7 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 30, 2023 |
Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 49.47 |
| ROE | 9.01% |
| ROCE | 10.34% |
| Debt/Equity | 2.92 |
| EPS (Rs) | EPS (Rs) |
| RoNW | 9.01% |
Mono Pharmacare IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| HNI (Min) | 2 | 8000 | ₹224,000 |
Mono Pharmacare IPO Promoter Holding
Panilam Lakhatariya and Supal Lakhatariya are the company’s promoters.
| Pre Issue Share Holding | 81.02% |
| Post Issue Share Holding | – |
Financials of the Company:
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 871.70 | 1,122.46 | 1,438.31 | 6,257.39 |
| Revenue | 1,168.90 | 2,837.83 | 3,710.27 | 3315 |
| Profit After Tax | 1.99 | 9.51 | 35.09 | 95 |
| Net Worth | 201.92 | 369.58 | 427.57 | 1369 |
| Reserves and Surplus | 131.71 | |||
| Total Borrowing | 633.46 | 608.03 | 643.93 |
Objects of the Issue
- Meeting working capital requirements.
- General corporate purposes.
- Covering the expenses related to the issue.
Mono Pharmacare IPO Review (I May apply according to bidding status)
The company operates as a distributor for several prominent pharmaceutical firms and has demonstrated strong performance during the reported periods. However, considering the robust earnings in FY23, the issue seems to have an aggressive pricing. Savvy investors with good insights might consider investing for potential medium to long-term gains
Mono Pharmacare IPO Subscription Status (Bidding Detail)
As of August 28, 2023, at 7:29 PM, the Mono Pharmacare IPO has been subscribed 1.60 times.
- The public issue has been subscribed 3.37 times in the retail category.
- In the Qualified Institutional Buyer (QIB) category, the subscription is 0.00 times.
- The Non-Institutional Investor (NII) category has been subscribed 0.19 times.
Check Day by Day Subscription Details (Live Status)
Mono Pharmacare SME IPO GMP
GMP for Mono Pharmacare SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
check live Gmp details(status)
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