Speciality Medicines IPO

Listed SME
Open Mar 20
Close Mar 24
Allotment Mar 25
Refund Mar 27
Listing Mar 30

Market Sentiment

Grey Market Premium What is GMP?
+Rs 0
+0.0%
Est. Listing: Rs 124
Updated: Mar 17, 2026 5:07 pm
View Full GMP History →
Subscription Status
QIB
96.24x
bNII (>10L)
2.70x
sNII (2-10L)
0.64x
Retail
0.85x
Total
2.19x
Updated: Mar 30, 2026 6:08 pm IST
Analysis Score 43 / 100
Neutral
Data: 80%
GMP Score 40
Subscription Score 25
Financial Health 85

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 2,000 ₹2,48,000
Retail Maximum 2 2,000 ₹2,48,000
S-HNI Minimum 3 3,000 ₹3,72,000
S-HNI Maximum 8 8,000 ₹9,92,000
B-HNI Minimum 9 9,000 ₹11,16,000

IPO Details

Issue Price₹117-124 per equity share
Face Value₹10 Per Equity Share
Lot Size 2000 shares (Min ₹2,48,000)
Total Issue Size ₹29.14 crore
Fresh Share₹29.14 crore
Issue TypeBook build Issue
Lead ManagerUnicon Capital Services Pvt. Ltd.
RegistrarSkyline Financial Services Pvt. Ltd.
Listing atBSE
BSE Code7653
ISIN
Listing Price₹124.00
Listing Gain+0.00%

IPO Reservation

Category Shares Offered
QIB21,000
NII (HNI)10,89,000
bNII > ₹10L7,26,000
sNII < ₹10L3,63,000
Retail10,90,000

Financial Analysis

Financial Data
ROE
37.85%
ROCE
33.39%
Debt/Equity
0.17
NAV/Share
Rs 47.07
Revenue Growth
111.64%
Profit Margin
14.71%
Financial Performance
Metric 2024 2025 Oct 2025
Revenue 27.66 58.54 36.93
Expense 23.10 49.85 30.80
Profit (PAT) 2.93 8.61 6.06
Total Assets 22.68 39.98 45.57
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
Remus Pharmaceuticals Limited 12.25 65.21 15
Trident Lifeline Limited 27.59 10.22 18
Mono Pharmacare Limited 13.87 1.75 10
Promoters & Holding Pattern

Promoters: Parth B Goyani and Goyani Sumit Babubhai

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 64,35,796 59.28%
Promoter Holding Post Issue 87,85,796 43.44%

Company Information

About Speciality Medicines

One of the leading companies,” Speciality Medicines” was founded in 2021 and started a business of marketing and distribution of finished formulations of specialty pharmaceutical products, comprising high-cost oral and injectable medications used in the treatment of complex and chronic medical conditions in therapeutic areas like oncology, immunology, neurology, and rare diseases. Moreover, the company operates in two ways: (a) contract manufacturing of finished formulations for international markets, and (b) marketing and distribution of sourced specialty pharmaceutical products. Further, the company has around 7 registered products overseas, and 54 products are in the registration process across 5 countries.

Objects of the Issue
Purpose Amount (Cr)
Setting up of the Research and Development (R&D) Centre 13.31
Product registration in the international markets 2.89
Repayment/ Prepayment, in full or part, of certain borrowings availed by the Company 1.75
To Meet Working Capital Requirements 12.00
General Corporate Purpose -

Resources & Documents

Company Contact Information

Speciality Medicines Ltd., 913, One World West, S. No. 396, FP 119,, Village- Vejalpur, Ahmadabad City,, Ahmedabad, Gujarat, India,, Ahmedabad, Gujarat, 380051

Frequently Asked Questions

Speciality Medicines IPO is SME IPO. The company is going to raise ₹29.14 Crores via IPO. The issue is priced at ₹117 to ₹124 per equity share. The IPO is to be listed on BSE.

The IPO is to open on March 20, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 24, 2026.

The investors’ portion for QIB is 2%, NII is 49%, and Retail is 49%.

You can apply for Speciality Medicines IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Speciality Medicines IPO issue size is ₹29.14 crores.

Speciality Medicines IPO Price Band is ₹117 to ₹124.

The minimum bid is 2,000 Shares with ₹2,48,000 amount.

Speciality Medicines IPO allotment date is March 25, 2026.

Speciality Medicines IPO listing date is March 30, 2026. The IPO is to list on BSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

0 Comments

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