IPO Details
- Issue Size: ₹69.50 crore
- Price Band: ₹137 to ₹145 per equity share
- Listing At: NSE SME
- Lot Size: 1,000 shares
- Minimum Investment: ₹2,90,000 (for 2 lots at the upper price band)
IPO Timeline
- IPO Opening Date: August 22, 2025
- IPO Closing Date: August 26, 2025
- Allotment Date: August 28, 2025
- Listing Date: September 1, 2025
Company Overview
Anondita Medicare Limited specializes in manufacturing flavored male condoms under its flagship brand “COBRA” and has a strong presence in domestic and international markets across Southeast Asia, Africa, and the Middle East ¹ ².
Use of IPO Proceeds
The company plans to utilize the IPO funds for ¹ ³:
- Capital Expenditure: Funding capital expenditure requirements for the purchase of equipment/machineries (₹6 crore)
- Working Capital: Meeting working capital requirements (₹35 crore)
- General Corporate Purposes: Other general corporate purposes
Financial Performance
Anondita Medicare has shown significant growth, with revenue increasing from ₹36.14 crore in FY23 to ₹77.13 crore in FY25, and net profit jumping from ₹0.35 crore in FY23 to ₹16.42 crore in FY25 ³.
- The current Grey Market Premium (GMP) for Anondita Medicare IPO is ₹30 per share. This indicates a potential listing gain of around 20.69% over the upper price band of ₹145.