Speciality Medicines
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 20 to Mar 30 2026
Price Band
₹117 - 124
Current GMP
₹124(0.00%)
Subscription
2.27 times
IPO Details
| IPO Date | 20 to 24 Mar, 2026 |
| Listed on | Mon, Mar 30, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹117 to ₹124 |
| Issue Price | ₹124 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,50,000 shares (agg. up to ₹ 29 Cr) |
| Reserved for Market Maker | 1,50,000 shares (agg. up to ₹ 2 Cr) Aikyam Capital Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 22,00,000 shares (agg. up to ₹ 27 Cr) |
| Net Offered to Public | 22,00,000 shares (agg. up to ₹ 27 Cr) |
| Share Holding Pre Issue | 64,35,796 shares |
| Share Holding Post Issue | 87,85,796 shares |
| BSE Script Code | 544738 |
| ISIN | INE0R0M01014 |
IPO Date
20 to 24 Mar, 2026
Listed on
Mon, Mar 30, 2026
Face Value
₹ 10 per share
Price Band
₹117 to ₹124
Issue Price
₹124 per share
Lot Size
1,000 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
23,50,000 shares (agg. up to ₹ 29 Cr)
Reserved for Market Maker
1,50,000 shares (agg. up to ₹ 2 Cr) Aikyam Capital Pvt.Ltd.
Fresh Issue (Ex Market Maker)
22,00,000 shares (agg. up to ₹ 27 Cr)
Net Offered to Public
22,00,000 shares (agg. up to ₹ 27 Cr)
Share Holding Pre Issue
64,35,796 shares
Share Holding Post Issue
87,85,796 shares
BSE Script Code
544738
ISIN
INE0R0M01014
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 96.24 |
| NII*** | 1.88 |
| bNII (> ₹10L) | 2.50 |
| sNII (< ₹10L) | 0.64 |
| Individual Investors | 0.85 |
| Total ** | 2.27 |
Market Maker
1
QIB (Ex Anchor)
96.24
NII***
1.88
bNII (> ₹10L)
2.50
sNII (< ₹10L)
0.64
Individual Investors
0.85
Total **
2.27
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Mar 2 0 (Day 1) | 1.00 | 1.60 | 2.37 | 0.06 | 0.07 | 0.84 |
| Mar 2 3 (Day 2) | 1.00 | 1.68 | 2.47 | 0.10 | 0.19 | 0.94 |
| Mar 2 4 (Day 3) | 96.24 | 1.88 | 2.50 | 0.64 | 0.85 | 2.27 |
DayMar 2
0 (Day 1)
QIB (Ex Anchor)1.00
NII*1.60
NII (> ₹10L)2.37
NII (< ₹10L)0.06
Individual Investors0.07
Total0.84
DayMar 2
3 (Day 2)
QIB (Ex Anchor)1.00
NII*1.68
NII (> ₹10L)2.47
NII (< ₹10L)0.10
Individual Investors0.19
Total0.94
DayMar 2
4 (Day 3)
QIB (Ex Anchor)96.24
NII*1.88
NII (> ₹10L)2.50
NII (< ₹10L)0.64
Individual Investors0.85
Total2.27
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-03-2026 | 124.00 | 0(0.00%) | 124 |
| 29-03-2026 | 124.00 | 0(0.00%) | 124 |
| 28-03-2026 | 124.00 | 0(0.00%) | 124 |
| 27-03-2026 | 124.00 | 0(0.00%) | 124 |
| 26-03-2026 | 124.00 | 0(0.00%) | 124 |
| 25-03-2026 | 124.00 | 0(0.00%) | 124 |
| 24-03-2026 | 124.00 | 0(0.00%) | 124 |
| 23-03-2026 | 124.00 | 0(0.00%) | 124 |
| 22-03-2026 | 124.00 | 0(0.00%) | 124 |
| 21-03-2026 | 124.00 | 0(0.00%) | 124 |
| 20-03-2026 | 124.00 | 0(0.00%) | 124 |
| 19-03-2026 | 124.00 | 0(0.00%) | 124 |
| 18-03-2026 | 124.00 | 0(0.00%) | 124 |
| 17-03-2026 | 124.00 | 0(0.00%) | 124 |
Date30-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date29-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date28-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date27-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date26-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date25-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date24-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date23-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date22-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date21-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date20-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date19-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date18-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
Date17-03-2026
Price124.00
GMP0(0.00%)
Estimate List Price124
IPO Important Dates
| IPO Open | Fri, Mar 20, 2026 |
| IPO Close | Tue, Mar 24, 2026 |
| Allotment | Wed, Mar 25, 2026 |
| Refund | Fri, Mar 27, 2026 |
| Credit of Shares | Fri, Mar 27, 2026 |
| Listing | Mon, Mar 30, 2026 |
IPO Open
Fri, Mar 20, 2026
IPO Close
Tue, Mar 24, 2026
Allotment
Wed, Mar 25, 2026
Refund
Fri, Mar 27, 2026
Credit of Shares
Fri, Mar 27, 2026
Listing
Mon, Mar 30, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,48,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,48,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,72,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,92,000 |
| B-HNI (Min) | 9 | 9,000 | ₹11,16,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,48,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,48,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹3,72,000
ApplicationS-HNI (Max)
Lots8
Shares8,000
Amount₹9,92,000
ApplicationB-HNI (Min)
Lots9
Shares9,000
Amount₹11,16,000
Financial Information
| Period Ended | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 45.57 | 39.98 | 22.68 |
| Total Income | 36.93 | 58.54 | 27.66 |
| Profit After Tax | 6.06 | 8.61 | 2.93 |
| EBITDA | 6.51 | 9.09 | 5.26 |
| NET Worth | 36.47 | 30.42 | 15.06 |
| Reserves and Surplus | 30.04 | 23.98 | 9.95 |
| Total Borrowing | 4.81 | 5.05 | 2.86 |
Period EndedAssets
31 Oct 202545.57
31 Mar 202539.98
31 Mar 202422.68
Period EndedTotal Income
31 Oct 202536.93
31 Mar 202558.54
31 Mar 202427.66
Period EndedProfit After Tax
31 Oct 20256.06
31 Mar 20258.61
31 Mar 20242.93
Period EndedEBITDA
31 Oct 20256.51
31 Mar 20259.09
31 Mar 20245.26
Period EndedNET Worth
31 Oct 202536.47
31 Mar 202530.42
31 Mar 202415.06
Period EndedReserves and Surplus
31 Oct 202530.04
31 Mar 202523.98
31 Mar 20249.95
Period EndedTotal Borrowing
31 Oct 20254.81
31 Mar 20255.05
31 Mar 20242.86
Key Performance Indicator
| ROE | 18.11% |
| ROCE | 16.68% |
| Debt/Equity | 0.13 |
| RoNW | 16.61% |
| PAT Margin | 16.49% |
| EBITDA Margin | 17.73% |
| Price to Book Value | 2.19 |
ROE
18.11%
ROCE
16.68%
Debt/Equity
0.13
RoNW
16.61%
PAT Margin
16.49%
EBITDA Margin
17.73%
Price to Book Value
2.19
IPO Reservation
| QIB Shares Offered | 21,000 |
| NII (HNI) Shares Offered | 10,89,000 |
| − bNII > ₹10L | 7,26,000 |
| − sNII < ₹10L | 3,63,000 |
| Retail Shares Offered | 10,90,000 |
| Market Maker Shares Offered | 1,50,000 |
| Total Shares Offered | 23,50,000 |
QIB Shares Offered
21,000
NII (HNI) Shares Offered
10,89,000
− bNII > ₹10L
7,26,000
− sNII < ₹10L
3,63,000
Retail Shares Offered
10,90,000
Market Maker Shares Offered
1,50,000
Total Shares Offered
23,50,000
Information about company
Incorporated in 2021, Speciality Medicines Limited is engaged in the marketing and distribution of finished formulations of speciality pharmaceuticals — including high-cost oral and injectable medications used to treat complex chronic conditions — across both domestic and international markets.
The company’s portfolio includes a wide range of speciality pharmaceutical finished formulations products, which are available in various dosage forms such as tablets, capsules, creams, syrups, eye drops, gels, infusions, inhalers, injections, nasal sprays, ointments, ophthalmic solutions, oral solutions, sachets, and suspensions.
The company operates via two models: (a) contract manufacturing of finished formulations for international distribution, and (b) marketing and distribution of sourced specialty pharmaceutical products.
The company has expanded internationally with registered or pending products in countries like Jordan, Ethiopia, Uganda, Peru, and Namibia. Its distribution network builds strong relationships across over 20 states in India and more than 35 countries worldwide world.
As of Feb 28, 2026, the company has 7 products registered overseas and 54 products are in the registration process across 5 countries.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Setting up of Research and Development (R&D) Centre at Revenue City Survey No. RV1/NA/61/1/50, Moje, Manda, Tal. Umargam, Dist. Valsad, Gujarat
2: Product Registration in International Markets and Product Development for sale in international markets
3: Funding for Marketing and Promotional Activities
4: To Meet Working Capital Requirements
5: General Corporate Purposes
: Total
Disclaimer
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