Medicap Healthcare Files Rs 240 Crore IPO Papers with SEBI
Vadodara-based Medicap Healthcare Ltd. has filed its DRHP with SEBI for an IPO to raise Rs 240 crore through a fresh issue of shares. The company plans to list on NSE and BSE, with Aryaman Financial Services as the lead manager. Funds will be used for purchasing plant and machinery, debt repayment, investment in subsidiary KASR Healthcare, and general corporate purposes. Medicap operates a 6,732 square meter facility, generating 80% of revenue domestically and 20% from exports. The company reported revenue of Rs 108.30 crore and profit of Rs 32.78 crore.
*this image is generated using AI for illustrative purposes only.
Vadodara-based pharmaceutical packaging company Medicap Healthcare Ltd. has taken a significant step towards going public by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company aims to raise Rs 240 crore through a fresh issue of shares in its initial public offering (IPO).
IPO Details
- The company plans to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Aryaman Financial Services has been appointed as the book-running lead manager for the IPO.
- Medicap Healthcare is considering a pre-IPO placement of up to Rs 48 crore.
Utilization of IPO Proceeds
The funds raised from the IPO are earmarked for several key purposes:
- Rs 74.37 crore for purchasing plant and machinery
- Rs 32.90 crore for debt repayment
- Rs 52.80 crore for investment in subsidiary KASR Healthcare
- The remaining funds will be used for general corporate purposes
Company Overview
Medicap Healthcare operates a 6,732 square meter facility serving both domestic and international markets. The company's revenue distribution showcases a strong domestic presence:
- 80% of revenue generated from the domestic market
- 20% of revenue from exports
Financial Performance
Medicap Healthcare reported:
- Revenue from operations: Rs 108.30 crore
- Profit: Rs 32.78 crore
| Financial Metric | Amount |
|---|---|
| Revenue | Rs 108.30 crore |
| Profit | Rs 32.78 crore |
The pharmaceutical packaging sector in India continues to show growth potential, and Medicap Healthcare's IPO reflects the company's ambitions to capitalize on market opportunities and strengthen its position in the industry.
16
