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Mono Pharmacare IPO GMP, Price, Dates & Allotment Details 2023

Mono Pharmacare IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Mono Pharmacare IPO will open on August 28 and close on August 30, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 14.84 crore through this public offering, consisting of 53 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 26 to ₹ 28 per share.

Mono Pharmacare Limited (“the Company”)

Mono Pharmacare Limited was incorporated in 2022, The company engaged in the business of marketing of pharmaceutical products and also, they are distributor of various pharmaceutical companies.

They work with various contract manufacturers who manufacture pharmaceutical products on its behalf based on compositions given by us and subsequently, they sell those products under its brand “DLS Export”. 

The company is also a distributor to various pharmaceutical companies. As of February 28, 2023, they are dealing with (distributors and stockists) 168 pharmaceutical companies, and also, they are also connected with 3,036 Customers/vendors who are a mix of retail pharmacy stores as well as wholesalers. 

Noteworthy Highlight

The company acquired DLS Export by way of a deed of business transfer agreement dated December 15, 2022.

Company Key Metrics

Earning Per Share (EPS)₹ 1.99 per Equity Share
ROE9.01%
ROCE10.34%
Return on Net Worth (RoNW)9.01%

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  • To meet the working capital requirements of the company,
  • General corporate purposes, and
  • To meet issue expenses.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Net Worth1,368.57427.57369.58201.92
Total Assets6,257.391,438.311,122.46871.70
Reserve & Surplus131.71
Total Borrowings643.93608.03633.46
Total Revenue3,314.773,710.272,837.831,168.90
Profit After Tax94.5335.099.511.99
(Amount in ₹ Lakhs)

IPO details

As per the DRHP filed with SEBI, 53 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 2.76 lakh shares of the offering. While Unistone Capital Pvt Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.

Issue TypeBook Built Issue IPO
IPO Price₹ 26 to ₹ 28 per share
Face Value₹ 10 per share
Market Lot4,000 shares
Issue Size5,300,000 shares (aggregating up to ₹ 14.84 crores)
Fresh Issue5,300,000 shares (aggregating up to ₹ [.] crores)
Listing AtNSE SME

Market Maker detail

Market makerRikhav Securities
Market maker portion276,000 shares

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 10% of the net offer
NII (HNI) shares offeredNot less than 45% of the offer
Retail shares offeredNot less than 45% of the offer

GMP: Mono Pharmacare IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Mono Pharmacare IPO

The issue opens for subscription on August 28, 2023, and closes for subscription on August 30, 2023 (both days inclusive). The basis of allotment will be finalised on September 4, 2023, and the refunds will be initiated on September 5, 2023. In addition, the demat credits are expected to happen on September 6, 2023, and the stock will be listed on the NSE SME on September 7, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateAugust 28, 2023,
Closing DateAugust 30, 2023
Basis of AllotmentSeptember 4, 2023
Initiation of RefundsSeptember 5, 2023
A credit of shares to Demat A/cSeptember 6, 2023
Listing DateSeptember 7, 2023

Lot Size

The lot size of the Mono Pharmacare IPO is 4,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 4,000 shares of ₹ 112,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)14,000₹ 112,000
Retail (Maximum)14,000₹ 112,000
HNI (Minimum)28,000₹ 224,000

Promoters Holdings 

Panilam Lakhatariya and Supal Lakhatariya are the promoters of the company.

Pre-issue Shares Holdings81.02%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationMono Pharmacare Limited
1A, Krinkal Apartment Opp. Mahalaxmi Temple, Paldi Ahmedabad -380007
Phone: +91 99780 41356
Email: [email protected]
Website: https://monopharmacareltd.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager(s)Unistone Capital Pvt Ltd

FAQs

The Mono Pharmacare IPO price is ₹ 26 to ₹ 28 per share.

The minimum investment size is one lot for retail investors. One lot of the Mono Pharmacare IPO contains 4,000 shares of ₹ 112,000.

The finalisation of the basis of allotment for the Mono Pharmacare IPO will be done on September 4, 2023, and the allotted shares will be credited to your demat account by September 6, 2023. Check the Mono Pharmacare IPO allotment status.

The Mono Pharmacare IPO shares listing date is September 7, 2023.

The investors’ portion for QIB is 10% of the Net offers, NII (HNI) is 45%, and retail is 45% of the offer.

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