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Home
InvestmentsIPOSpeciality Medicines IPO

Speciality Medicines IPO

SME

Open Date

20 Mar 2026

Close Date

24 Mar 2026

Min Investment

₹ 2,48,000

Lot Size

1,000

Issue Size

₹ 29.14 Cr

Price Range

₹ 117 - ₹ 124

Subscribed

2.25 x
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
20 Mar 2026
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IPO Offer Ends
24 Mar 2026
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Allotment Finalisation
25 Mar 2026
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Refund Initialisation
27 Mar 2026
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Non-Institutional Buyers (sHNI)
27 Mar 2026
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Listing of Shares
30 Mar 2026
IPO Subscription Details as on 28 Mar 2026, 10:16 PM
Qualified Instituational Buyers (QiB)
96.24 x
Retail
0.71 x
Total
2.25 x
Non-Institutional Buyer (bHNI)
2.7 x
Non-Institutional Buyer (sHNI)
0.53 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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Financials of Speciality Medicines IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue23.1827.5258.27
Other Income0.020.130.27
Total Income
23.2027.6658.54
Total Expenses
20.2423.1049.85
Profit Before Tax2.964.568.69
Total Profit
1.702.938.61

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company plans to establish an R&D centre to overcome limitations of third-party manufacturing including slower product development cycles, higher outsourcing costs, and delays in regulatory approvals. The facility will enable pre-formulation studies, formulation development, analytical method validation, stability testing and scale-up processes in compliance with Good Laboratory Practices.13
The company intends to register products across multiple international markets including Jordan, Ethiopia, Namibia, Uganda, and Peru to expand global footprint and meet country-specific regulatory requirements. Additionally, funds will be utilized for product development activities through third-party service providers to strengthen presence in international markets.3
The company aims to enhance visibility, strengthen brand equity, and support sales growth across existing and emerging markets through strategic marketing initiatives. Funds will be utilized for participation in global exhibitions including CPHI Worldwide events and Arab Health to showcase product portfolio and engage with stakeholders.2
The company intends to utilize funds to finance day-to-day operations, fund product registrations in new geographies, and strengthen supply chain relationships. This investment will provide necessary liquidity to manage operations, ensure timely fulfillment of domestic and export orders, and support the strategic goal of becoming a research-driven specialty pharmaceutical company.8
The amount utilized for general corporate purposes shall not exceed percent of the Gross Proceeds or specified amount, whichever is lower, in accordance with applicable regulations.-
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  • Diversified Global Presence: The company has established presence in both India and 35+ international markets including Bolivia, Cambodia, Italy, Lithuania, Brazil, UAE, and others, enabling risk mitigation through diversified revenue streams across multiple geographies.
  • Diversified Product Portfolio: The company offers a portfolio of 900+ products across therapeutic categories like anti-infectives, cardiology, diabetology, dermatology in various dosage forms including tablets, capsules, injectables, reducing dependency on single therapeutic areas.
  • Long Standing Client Relationship: The company has built strong client relationships with 10 clients earning ₹100+ lakhs revenue, 12 clients earning ₹50+ lakhs, and 21 clients earning ₹25+ lakhs, demonstrating customer trust and repeat business growth.
  • Experienced Promoters and Management Team: The company is led by experienced promoters Parth Goyani and Sumit Goyani who formulate key strategies and oversee core business functions, contributing to operational growth and financial progress over the years.
  • Quality Assurance: The company has obtained ISO 9001:2015 certification for Quality Management System and ensures third-party manufacturing facilities meet necessary accreditation standards, resulting in customer retention and minimal product rejection.

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