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CORONA Remedies Ltd.

IPO Details
  • Issue Type Book building
  • Price range
  • Market Lot
  • Total Equity Shares
  • Face Value Rs. 10
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

We are an India-focused branded pharmaceutical formulation company engaged in developing, manufacturingand marketing products in women’s healthcare, cardio-diabeto, pain management, urology and other therapeuticareas. According to the Industry Report, we are the second fastest growing company among the top 30 companiesin the Indian Pharmaceutical Market (“IPM”) in terms of domestic sales between MAT December 2021 and MAT December 2024. During this period, our domestic sales grew at a CAGR of 19.90%, compared to the IPM whichgrew at a CAGR of 8.79%, displaying a growth of more than 2.25 times the IPM’s growth (Source: IndustryReport). This has been driven by our growth in volume (at an average of 9.58% over the above period, comparedto the IPM’s growth of 1.65%), and new product launches (at an average of 3.91% over the above period,compared to the IPM’s growth of 1.68%)

Promoters

Prmoters Name

1. Kirtikumar Laxmidas Mehta

2. Niravkumar Kirtikumar Mehta

3. Ankur Kirtikumar Mehta

Prmoters Holdings
  • Pre Share Capital: 44338558
  • Pre Promoter Holding: 72.5
  • Offer to Public:
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Registrar Name:Bigshare Services Pvt Ltd
Phone: 91-022-40430200
Email: Investor@bigshareonline.com
Website:

Lead Managers

  • JM Financial Ltd.
  • IIFL Capital Services Ltd.
  • Kotak Mahindra Capital Co Ltd

Subscription Details