Mono Pharmacare Limited IPO Detail, Review, Open on August 28

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Mono Pharmacare Limited IPO

Dear Reader, today in this article we will give you complete information about Mono Pharmacare IPO GMP. This IPO is opening on 28th August and its premium is being talked about very high. The share price will be only between 27 to 28 and 4000 shares will come in 1 lot.

Mono Pharmacare Limited IPO Detail, Review, Timetable, Lot Size, Promoter Holding, Financial Information.

Mono Pharmacare IPO is an Ahmedabad-based company that manufactures all types of medicines. Panilam Lakhatariya and Supal Lakhatariya are the main promoters of the company.

Mono Pharmacare Limited IPO
Mono Pharmacare Limited IPO

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Mono Pharmacare IPO Details

Face Value ₹10 per share
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 ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Shareholding pre-issue 12,368,564
Shareholding post issue 17,668,564
Market Maker portion 276,000 shares
Rikhav Securities

Mono Pharmacare IPO Timetable 

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
A 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

Mono Pharmacare IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 4000 ₹112,000
Retail (Max) 1 4000 ₹112,000
HNI (Min) 2 8,000 ₹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  

Mono Pharmacare IPO Financial Information

Amount in ₹ Lakhs
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  
Profit After Tax 1.99 9.51 35.09  
Net Worth 201.92 369.58 427.57  
Reserves and Surplus       131.71
Total Borrowing 633.46 608.03 643.93

Company Contact Information

Mono Pharmacare Limited
1A, Krinkal Apartment Opp.
Mahalaxmi Temple, Paldi
Ahmedabad -380007
Phone: +91 99780 41356
Email: [email protected]
Websitehttps://monopharmacareltd.com/

What is the Mono Pharmacare IPO?

The Mono Pharmacare IPO is a Small and Medium-sized Enterprise (SME) Initial Public Offering (IPO) comprising 5,300,000 equity shares with a face value of ₹10 each, totaling ₹14.84 Crores. The offering price per share falls within the range of ₹26 to ₹28. The minimum order quantity for shares is 4,000. The intention is to list these shares on the NSE SME exchange.

What are the opening and closing dates for the Mono Pharmacare IPO?

The Mono Pharmacare IPO will open for subscription on August 28, 2023, and conclude on August 30, 2023.

What is the expected listing date for the Mono Pharmacare IPO?

While the precise listing date for the Mono Pharmacare IPO is yet to be officially announced, it is tentatively projected to occur on Thursday, September 7, 2023.

Best Mono Pharmacare IPO Review?

The company is a distributor for many giant pharma companies and has been doing well for the reported periods. Based on FY23 earnings, the issue appears aggressively priced. Well-informed investors may park funds for the medium to long-term rewards.