Medicamen Organics Limited IPO
Medicamen Organics Limited was a SME IPO in the Pharmaceuticals sector, offered at ₹32–₹34 per share to raise ₹11 crore. It listed on 28 Jun 2024 at ₹138 and closed its first day at ₹145, a listing gain of +325.6% versus the ₹34 issue price. It now trades around ₹26 (-22.1% versus the issue price).
Frequently asked questions
- What were the Medicamen Organics Limited IPO listing gains?
- Medicamen Organics Limited listed on 28 Jun 2024 at ₹138, closing its first day at ₹145 — a listing gain of +325.6% versus the ₹34 issue price.
- What was the price band and lot size of the Medicamen Organics Limited IPO?
- The price band was ₹32–₹34 per share, with a minimum lot of 4,000 shares (₹1,36,000 at the upper band).
- Who were the registrar and lead manager for the Medicamen Organics Limited IPO?
- KFIN Technologies Limited was the registrar, and GYR Capital Advisors was the book-running lead manager.