Goldline Pharmaceutical IPO

Listed SME
Open May 12
Close May 14
Allotment May 15
Refund May 18
Listing May 19

Market Sentiment

+Rs 15
+34.9%
Est. Listing: Rs 58
Updated: May 18, 2026 2:48 pm
Subscription Status
QIB
180.22x
NII
1,662.35x
bNII (>10L)
1,662.35x
sNII (2-10L)
1,662.35x
Retail
880.68x
Total
840.57x
Updated: May 14, 2026 4:58 pm IST
Analysis Score 87 / 100
Strong Subscribe
Data: 80%
GMP Score 85
Subscription Score 100
Financial Health 66
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹41-43 per equity share
Face Value₹10 Per Equity Share
Total Issue Size ₹12.00 crore
Fresh Share₹12.00 crore
Issue TypeBook build Issue
Lead ManagerCumulative Capital Pvt. Ltd.
RegistrarBigshare Services Pvt. Ltd.
Listing atBSE
Listing Price₹59.75
Listing Gain+38.95%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 6,000 ₹2,58,000
Retail Maximum 2 6,000 ₹2,58,000
S-HNI Minimum 3 9,000 ₹3,87,000
S-HNI Maximum 7 21,000 ₹9,03,000
B-HNI Minimum 8 24,000 ₹10,32,000
Budget to Lots Calculator

IPO Reservation

Category Shares Offered Shares %
QIB5,40,00050.00%
NII (HNI)3,90,00015.00%
bNII > ₹10L2,60,00010.00%
sNII < ₹10L1,30,0005.00%
Retail9,00,00035.00%
Anchor7,32,00028.57%
Total25,62,000

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 1.31x 1.31x 180.22x
NII 18.07x 108.19x 1,662.35x
bNII > ₹10L 24.46x 146.48x 1,662.35x
sNII 2-10L 24.46x 146.48x 1,662.35x
Retail 34.07x 139.51x 880.68x
Total 20.79x 93.19x 840.57x

Financial Analysis

Financial Data
ROE
35.84%
ROCE
38.46%
Debt/Equity
1.50
NAV/Share
Rs 12.39
Revenue Growth
19.05%
Profit Margin
10.09%
Financial Performance
Metric 2023 2024 2025
Revenue 19.85 23.57 28.06
Expense 19.45 21.04 24.20
Profit (PAT) 0.26 1.81 2.83
Total Assets 19.39 22.93 26.28
Values in Crores (₹)
Peer Comparison
Company EPS P/E Market Cap (Cr)
Mono Pharmacare Limited 1.75 12.57 10
Chandra Bhagat Pharma Limited 1.14 37.73 3
Promoters & Holding Pattern

Promoters: Amol Laxmikant Mujumdar and Swapan Premprakash Khandelwal

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 69,00,000 79.70%

Strengths & Risks

Strengths
  • Heavily oversubscribed — 840.6x overall (so far).
  • Strong institutional (QIB) demand — 180.2x.
  • Revenue grew 19% in the latest reported year.
  • Solid profit margin — 10.1%.
  • Strong return on equity — 36%.
Risks & Concerns
  • Elevated leverage — debt/equity of 1.50.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Goldline Pharmaceutical

Goldline Pharmaceuticals is one of the leading companies involved in the marketing of pharmaceutical products under the name Goldline. Its products are divided into 5 segments: 1. Goldline Pharma, which includes specialities like Physicians, Orthopedics, ENT, Chest Physicians, General and Speciality Surgery, Gastroenterology, Neurology, and Urology, 2. Goldline Cardinal, which includes specialities like Physicians, Diabetologists, Endocrinologists, Cardiologists, and General Physicians, 3. Goldline Ayushman, which includes Pediatricians, Child Specialists, Neonatologists, and General Practitioners, 4. Goldline InLife, which includes Intensivists, Critical Care Consultants, Super Specialty Surgeons, and Physicians, and 5. Goldline Wellness, which includes cancer therapy. The company sells its products across various states, including Maharashtra, Madhya Pradesh, Odisha, Jharkhand, Tamil Nadu, Rajasthan, and Bihar. Moreover, all the products of the firm are sold and distributed under the brand Goldline.

Objects of the Issue
Purpose Amount (Cr)
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company 8.90
General Corporate Purpose -

Resources & Documents

Anchor Investors
Anchor Bidding Date
May 11, 2026
Shares Offered to Anchors
7,32,000
Company Contact Information

Goldline Pharmaceutical Ltd., 103, F-1, Leela Apartment, Shilpa HSG Society,, Near Saptagiri Nagar, Shanidham,, Narendra Nagar,, Nagpur, Maharashtra, 440015

Goldline Pharmaceutical IPO — Quick Take

Goldline Pharmaceutical has set a price band of Rs 41–Rs 43 per share for an issue size of Rs 12 crore. The stock listed with a 38.95% gain versus its issue price on May 19, 2026.

Goldline Pharmaceuticals is one of the leading companies involved in the marketing of pharmaceutical products under the name Goldline. Its products are divided into 5 segments: 1.

The issue is promoted by Amol Laxmikant Mujumdar and Swapan Premprakash Khandelwal with Cumulative Capital Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company (Rs 9 crore) and General Corporate Purpose.

Grey market is quoting a premium of +Rs 15 (+34.9% over issue price), up Rs 9 from the previous session. Final subscription data records overall subscription at 840.57x, retail at 880.68x, QIB at 180.22x, NII at 1,662.35x.

On fundamentals, the company is posting revenue growth of 19.1%, a profit margin of 10.1%, return on equity of 35.8% in its most recent reported period. Listed peers in this segment include Mono Pharmacare Limited (P/E 12.57x, market cap Rs 10 crore) and Chandra Bhagat Pharma Limited (P/E 37.73x, market cap Rs 3 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.

Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Goldline Pharmaceutical IPO is Rs 41 to Rs 43 per share. Face value is Rs 10 per share.

The total issue size of Goldline Pharmaceutical IPO is Rs 12 crore, comprising fresh issue of Rs 12 crore.

Goldline Pharmaceutical IPO opens for subscription on May 12, 2026 and closes on May 14, 2026. Anchor investor bidding is scheduled for May 11, 2026.

The expected allotment date for Goldline Pharmaceutical IPO is May 15, 2026. Refunds for unsuccessful applicants are expected on May 18, 2026.

Goldline Pharmaceutical IPO is scheduled to list on May 19, 2026 on BSE. BSE script code: –, ISIN: –.

The current GMP (Grey Market Premium) of Goldline Pharmaceutical IPO is +Rs 15 (+34.9% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Goldline Pharmaceutical IPO is currently subscribed 840.57 times overall — retail at 880.68x, QIB at 180.22x, NII at 1,662.35x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 880.68x for Goldline Pharmaceutical IPO, the estimated retail allotment probability is approximately 0.13%. This is a low probability — approximately 1 out of every 100 retail applications may receive allotment.

The registrar for Goldline Pharmaceutical IPO is Bigshare Services Pvt. Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Goldline Pharmaceutical IPO are Cumulative Capital Pvt. Ltd..

The promoter(s) of Goldline Pharmaceutical are Amol Laxmikant Mujumdar and Swapan Premprakash Khandelwal.

Goldline Pharmaceutical IPO GMP — What It Means

The latest grey market premium for Goldline Pharmaceutical IPO is ₹15 (+34.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Goldline Pharmaceutical it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

See the full Goldline Pharmaceutical GMP history and trend, or learn how grey market premium works and how reliable it is.

0 Comments

No comments yet. Be the first to share your opinion!

GMP Update