Medicamen Organics Ltd. has announced public offering of 3100000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 24.00 per share. The gross proceeds of the issue are expected to be Rs 1,054.00 lakhs.

The company's initial public offer (IPO) will open on 21 June 2024 and is expected to close on 25 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 32.00-34.00 per share.

The IPO includes a fresh Issue of 3100000 Equity Shares of the Company at an price of Rs 34.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Medicamen Organics Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & KFin Technologies Ltd. is the registrar, to the issue.