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Medikamen Organics NSE SME IPO: If you are also thinking of betting on Initial Public Offering i.e. IPO, then this news is for you. IPO of another big company is opening next week. This IPO is of Medikamen Organics IPO. The IPO will open for investment on June 21 and investors can invest till June 25. The price band of Medikamen Organics IPO has been fixed at Rs 34.
What is the description?
The lot size of the IPO is 4,000 shares and retail investors have to invest a minimum of ₹136,000. The Medikamen Organics IPO is an SME IPO. The IPO allotment is June 26 and the listing date is June 28. The shares of Medikamen Organics will be listed on NSE SME. GVR Capital Advisors Pvt Ltd is the book running lead manager of the Medikamen Organics IPO, while Caffeine Technology is the IPO registrar. Medikamen Organics posted a profit of Rs 95.78 lakh on a revenue of Rs 22.96 crore in FY13.
What is GMP running?
According to stock market analysts, Medikaman Organics GMP is currently Rs 60 per share. Shares of Medikaman Organics are trading at a premium of Rs 60 over its issue price in the grey market. The company's shares may be listed at Rs 94. That is, investors can make a profit of 177 percent. It is worth noting that Bal Kishan Gupta is the promoter of the company.
