Medicamen Organics IPO GMP Today, Price Range and Company DetailsMedicamen Organics IPO GMP Today, Price Range and Company Details

As of June 20, 2024, Medicamen Organics has ₹60 as Grey Market Premium, with a price range of ₹32 to ₹34 per share. Offering lots of 4000 shares, the subscription window is open from June 21 to June 25, 2024.

Medicamen Organics Limited IPO GMP Today

The Grey Market Premium (GMP) for Medicamen Organics Limited is ₹60 as of June 20, 2024. This assessment coincides with a price of ₹32 to ₹34 per share for the IPO.

Medicamen Organics Limited IPO Review

Medicamen Organics Limited exhibits a varied financial performance with rising revenues and improved equity and profitability. Their revenue climbed from ₹2,097.52 lakhs in March 2022 to ₹2,527.17 lakhs by March 2024. Enhanced profit after tax and EPS suggest robust growth and investor confidence.

Despite asset growth indicating business expansion, the company faces potential liquidity challenges as evidenced by a higher current ratio. A decline in the inventory turnover ratio may point to slower sales or inventory inefficiencies, needing strategic management focus to optimize performance.

To get a full IPO review, click here Medicamen Organics IPO

Medicamen Organics Limited IPO Date

Medicamen Organics Limited will start accepting subscriptions from June 21, 2024, to June 25, 2024

Medicamen Organics Limited IPO Price

Medicamen Organics Limited’s price range is ₹32 to ₹34 per share with a face value of ₹10 each.

Medicamen Organics Limited

Medicamen Organics Limited specializes in developing, manufacturing, and distributing pharmaceutical dosages. They operate two WHO GMP-certified facilities in Haridwar, producing 84 products. ISO 9001:2015 certified, they focus on R&D and quality testing, offering affordable drugs. With nearly three decades of experience, they prioritize quality under the leadership of promoter Mr. Bal Kishan Gupta.

How To Apply For Medicamen Organics Ltd IPO?

To apply for the Medicamen Organics through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Medicamen Organics on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Medicamen Organics IPO at Alice Blue in just a few clicks!