Mono Pharmacare Limited IPO : Key Details

Mono Pharmacare Limited IPO is set to launch on 28 August, 2023. The company initiated its business operations in the year 1994. As the name suggests the company distributes and markets pharmaceutical products. The company has contract manufacturers who manufacture its medicine under the brand name DLS Exports. The company’s client base has more than 168 pharma companies and it has penetrated to more than 3000 customers and retailers. 

Mono Pharmacare Limited IPO DETAILS

Mono Pharmacare Limited IPO is set to launch on 28 August, 2023. The subscription timeline extends till 30 August, 2023. The size for the IPO is 14.84 Crore Rs. Shares issued through fresh issue mode are worth 14.84 Crore Rs. No shares are issued through offer for sale mode. The lot size is 4000 shares and the price is 26 to 28 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Mono Pharmacare Limited IPO 

IPO OPENING DATE 28 August, 2023
CLOSING DATE FOR IPO 30 August, 2023
ISSUE TYPE Book Built Issue
Face Value per share 10 Rs. per share
IPO price band 26 to 28 Rs per share
LOT SIZE 4000 shares
MINIMUM ORDER QUANTITY 4000 shares
ISSUE SIZE 14.84 Crore Rs.
OFFER FOR SALE No shares are issued through OFS mode
FRESH ISSUE 14.84 Crore Rs.
LISTING AT NSE SME
LISTING DATE 7 September, 2023

Mono Pharmacare Limited IPO : IMPORTANT DATES

IPO OPENING DATE 25 August, 2023
CLOSING DATE FOR IPO 29 August, 2023
IPO ALLOTMENT DATE 4 September, 2023
REFUNDS 5 September, 2023
DEMAT A/C CREDITED ON 6 September, 2023
IPO LISTING DATE 7 September, 2023

Mono Pharmacare Limited IPO begins for subscription from 28 August, 2023. The IPO subscription would continue till 30 August, 2023. The allotment status for the shareholders who applied would come on 4 September, 2023. The refunds for the ones who did not get allotment would be initiated on 5 September, 2023. The DEMAT accounts of shareholders would be credited on 6 September, 2023. The listing of the company would be completed on 7 September 2023.

Mono Pharmacare Limited IPO : Lead Managers

The lead managers are :

  • Unistone Capital Private Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to 112000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 224000 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 4000 shares 112000 Rs.
Maximum 8000 shares 224000 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2019-20 2020-21 2021-22
ASSETS 871 1122 1438
Revenue 1168 2837 3710
PAT 2 9.5 35

Mono Pharmacare Limited had an asset base of 871 Lakh Rs in the year 2020. This increased to 1122 Lakh Rs in the year 2021. This means an increase of more than 28.5% in the same. The asset base for the year 2022 was 1438 Lakh Rs. The revenue of the company has increased by more than 3 times in the span of 3 years. The revenue was 1168 Lakh Rs in 2020 which increased to 2837 Lakh Rs in 2021 n 3710 Lakh Rs in the year 2023. The company has been profitable as per the financial figures of the past 3 years. 

The profit of the company has witnessed a growth of 1650% in 3 years. The profit was 2 lakh rs in the year 2020 which increased to 9.5 Lakh Rs in 2021 or 375% in 1 year. This increased to 35 Lakh Rs in the year 2023 making it an increase of 1650% in 3 years.

PROS

  • The company has contract manufacturers who manufacture its medicine under the brand name DLS Exports. 
  • The company’s client base has more than 168 pharma companies and it has penetrated to more than 3000 customers and retailers. 

CONS

  • The company works in a highly competitive segment.

Mono Pharmacare Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
  2.   Click the Mono Pharmacare Limited IPO button and press the BID button.
  3.   Entering the details asked for like UPI ID, Quantity and price.
  4.   Submit the application form for the IPO.
  5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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