The Initial public offering (IPO) of Mono Pharmacare will open for subscription on August 28 and close on August 30. Through this public offer company wants to raise Rs.14.84 Crore from the primary market which comprises only fresh issue. The company has a fixed IPO price band at Rs 26 per share, 1 lot size of 4000 shares, and listing on September 07, according to the preliminary papers filed by the company.
MONO PHARMACARE is engaged in the business of marketing and distribution of pharmaceutical products and also works with pharmaceutical manufacturers’s subsequently sell those manufactured products under their brand DSL Export. The company business is basically limited to the state of Gujrat only. In the year 2023 company is connected with 3,036 vendors along with 168 pharmaceutical companies across the country. In fiscal year 2023, the company generated Rs. 58.48 in revenue and Rs. 36.98 in 2022.
Company product portfolio:
Antibiotics, Antifungal, Anticough, Antiallergic, Diabetic & cosmetic, skincare, etc.
#Mono Pharmacare IPO Object
The company proposed to use the IPO Funds for the below-mentioned purposes:
- Rs. 8.98 crore of the total net proceeds fund will be used to meet the working capital requirement.
- The rest funds will be used for general corporate purposes and offer expenses.
#Mono Pharmacare Company Strength
- Asset light business model and competitive products
- Scale able business model
- Wide product portfolio
- Experienced and dedicated senior management team.
#Mono Pharmacare Forward Statements
- Rely on the third party for manufacturing of company products.
- This business involved high volume and low margin.
- Top 10 customers contribute maximum to the company revenue.
- Company business dependence on the performance of their distributors.
- Company do not enter into long term contract/agreement with the customers.
#Mono Pharmacare IPO Review & Rating
| Issue Size | Rs. 14.84 crore (Book Built Issue) |
| Issue Price | Rs. 26 per share |
| Lot size | 4000 shares |
| Market Capitalization | Rs. 49.47 crore |
| Profit – 2023 | Rs. 0.95 crore |
| Total Assets – 2023 | Rs. 625.74 crore |
| Debt/Equity ratio | 2.92 |
| NAV Value | Rs. 19.92 per share |
| Pre-offer Promoters holding | 81.02% |
| Listing on Stock Exchanges | NSE SME |
| IPO Deliver Rating | 5/10 |
#Mono Pharmacare IPO Dates, Price Band, Lot Size & Details
Mono Pharmacare IPO is open from August 28 to August 30, Price band of Rs. 28, and the Listing date is September 07.
| Type of issue | Fresh issue (Book Built Issue) |
| Issue Size | Rs. 14.84 Crore (5,300,00 shares) |
| Price band | Rs. 26 per share |
| Lot size | 4000 equity shares |
| Face Value | Rs. 10 each equity share |
| IPO Open | August 28, 2023 |
| IPO Close | August 30, 2023 |
| IPO Allotment Date | September 04, 2023 |
| Refund Date | September 05, 2023 |
| Listing Date | September 07, 2023 |
| Fresh issue | Rs. 14.84 Crore (5,300,000 equity shares) |
#Mono Pharmacare Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ended March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021
|
| Total Revenue | 3,308.70 | 3,698.30 | 2,826.61 |
| Net Worth | 136.57 | 427.27 | 369.58 |
| Plan and Property
|
82.64 | 29.68 | 39.09 |
| Profit after Tax (PAT)
|
94.53 | 35.09 | 9.51 |
| Borrowings
|
2,460.24 | 492.56 | 509.47 |
#Mono Pharmacare IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ended March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 1.99 | 0.75 | 0.20 |
| Diluted EPS | 1.99 | 0.75 | 0.20 |
| P/E Ratio | 14.07 | – | – |
| Industries P/E Ratio | 112.50 | – | – |
| RoNW | 9.01 | 8.21 | 2.57 |
| NAV | 19.92 per equity share | 9.18 per equity share | 7.93 per equity share
|
#Mono Pharmacare IPO comparison with Listed Industry peers
As there are few similar segments listed companies available in India for comparison.
| Company | NAV | EPS | RoNW | P/E |
| Chandra Bhagat Pharma Ltd. | 36.42 | 1.20 | 3.29% | 112.50 |
#Mono Pharmacare IPO – DRHP & RHP
Draft Red Herring Prospectus (DRHP) – Click to view/download
Red Herring Prospectus (RHP) – Click to view/download
#Mono Pharmacare IPO Reservation
Mono Pharmacare IPO total size is Rs. 14.84 Crore (5,300,000 shares)
Maket makers reservation of 2,76,000 shares.
QIB: Not more than 50% of the offer size i.e 5,02,400 Equity shares
NII: Not less than 15% of the offer size i.e 2,260,800 Equity shares
Retail investor (RII): Not less than 35% of the offer size i.e 2,260,800 equity shares
#Mono Pharmacare Company Promoter
The company has two promoters Mr. Panilam Lakhatariya and Mrs. Supal Lakhatariya.
- Pre-offer shareholding: 81.02% (100,20,219 equity shares) Post-offer shareholding: 38.20%
- The average cost of acquisition for promoter-selling shareholders: Rs. 10.73 & 9.47 per equity share.
#Mono Pharmacare IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter (02) & promoter group (04) shareholding 81.02%
Post-offer promoter & promoter group shareholding 38.20%
#Mono Pharmacare IPO Registrar
BigShare Services Private Limited
Regd. Office: S 6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai –400 093, Maharashtra
Tel: +91-022-6263 8200 and Email: Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
#Mono Pharmacare IPO lead manager
#Unistone Capital Advisors Limited
Regd. Office: A//305, Dynasty Business Park, Andheri Kurla Road, Andheri East, Mumbai 400059, Maharashtra
Tel: +91-9820057533, Email:mb@unistonecapital.com
Website: www.unistonecapital.com
#Mono Pharmacare IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “Mono Pharmacare Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “Mono Pharmacare Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
#Mono Pharmacare Company Details
Mono Pharmacare Limited (Registered on October 17, 2022, earlier work as a partnership since 1994)
Regd. Office: 1A, Krinkal Apartment Opp. Mahalaxmi Temple, Paldi Ahmedabad -380007, Gujarat
Tel: +91-9978041356 E-mail: cs@monopharmacareltd.com
Website: www.monopharmacareltd.com
Investor Grievances/Compliance Officer: Mrs. Krupali Takkar
Subsidiaries:
The company has two subsidiaries.
- Ahmedabad Medical Corporation
- Supal Distributors LLP
#Mono Pharmacare Company Board (Top 3)
Mr. Panilam Lakhatariya (40) Chairman & Managing Director
Mrs. Supal Lakhatariya (38) Executive director
Mr. Archit Sharma (34) Executive directors
#Mono Pharmacare IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is Mono Pharmacare IPO Open date?
Ans: Mono Pharmacare IPO opening date is August 30 – September 01, 2023.
Q-2 what is Mono Pharmacare IPO Close date?
Ans: Mono Pharmacare IPO opening date is September 01, 2023.
Q-3 What is Mono Pharmacare IPO Listing date?
Ans: Mono Pharmacare IPO opening date is September 11, 2023
Q-4 What is Mono Pharmacare IPO Minimum investment amount?
Ans: Mono Pharmacare IPO minimum investment amount is Rs. 1,12, 000.
Q-5 What is Mono Pharmacare IPO offer issue Size?
Ans: Mono Pharmacare offer an issue size of Rs. 14.84 crores, which comprise fresh issue only.
Q-6 What is Mono Pharmacare IPO Price Band?
Ans: Mono Pharmacare’s IPO price band is Rs 28 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: Yes
Q-8 Is Mono Pharmacare IPO mainboard IPO or SME IPO?
Ans: Mono Pharmacare IPO is an SME IPO.
Q-9. What is Mono Pharmacare’s promoter name?
Ans: Mono Pharmacare has five promotors Mr. Panilam Lakhatariya and Supal Lakhatariya.
Q-10 Mono Pharmacare IPO Rating by IPO Deliver Team?
Ans: Five Rating
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