Mono Pharmacare Ltd. has announced public offering of 5500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 18.00 per share. The gross proceeds of the issue are expected to be Rs 1,540.00 lakhs.

The company's initial public offer (IPO) will open on 28 August 2023 and is expected to close on 30 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 26.00-28.00 per share.

The IPO includes a fresh Issue of 5500000 Equity Shares of the Company at an price of Rs 28.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Mono Pharmacare Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.