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Allotment

Corona Remedies Limited

Corona Remedies IPO is a book-built issue aggregating to ₹655.37 crore. The issue is entirely an Offer for Sale (OFS) comprising 0.62 crore equity shares.

The IPO opened for subscription on December 8, 2025, and closed on December 10, 2025. The basis of allotment was finalized on December 11, 2025, and the equity shares were listed on both BSE and NSE on December 15, 2025.

The price band for the Corona Remedies IPO was fixed at ₹1,062 per share. The lot size was 14 shares, requiring a minimum retail investment of ₹14,868 (at the upper price band).

For non-institutional investors:

sNII: Minimum application of 14 lots (196 shares) amounting to ₹2,08,152

bNII: Minimum application of 68 lots (952 shares) amounting to ₹10,11,024

The issue also included an employee reservation of up to 58,035 shares, offered at a discount of ₹54 per share to the issue price.

JM Financial Ltd. acted as the Book Running Lead Manager, while Bigshare Services Pvt. Ltd. was appointed as the Registrar to the Issue.

For complete details, investors are advised to refer to the Corona Remedies IPO Red Herring Prospectus (RHP).

Corona Remedies Limited IPO & Charts
₹1062

0%

Open

₹1062

HIgh - Low

₹1062

Previous Close

₹1062

Total Traded Value

0

52 Weeks High

₹1062

52 Weeks Low

₹1062

Updates On

Dec 1, 2025

IPO. Open

Dec 8, 2026

IPO. Close

Dec 10, 2026

IPO. Price

₹1062.00

IPO Market price

₹6,495.20 Cr

IPO Details

IPO Date 15 Dec
IPO Listing Date 15 Dec
IPO Face Value ₹10 Per Equity Share
IPO Price Range ₹1062.00
IPO Issue Size 61,74,051 shares
IPO Sale Type Offer For Sale
Employee Discount ₹54.00 per equity share
IPO Issue Type Book Built Issue
IPO Listing BSE, NSE Platform
Share Holding Pre Issue 6,11,60,088 shares

IPO Timeline

IPO Open Date 8 Dec
IPO Close Date 10 Dec
IPO Allotment (Tentative) 11 Dec
Refunds 12 Dec
Credit to Demat Account 12 Dec
IPO Listing Date 15 Dec

IPO Reservation

Category Offer
QIB Shares Offered 30,58,007 Shares
NII (HNI) Shares Offered 9,17,403 Shares
Retail Shares Offered 21,40,606 Shares

IPO Lot Size

Investors can bid for a minimum of 14 shares, and in multiples of 14 shares thereafter.

Application Lots Share Amount
Retail (Min) 1 14 ₹14,868
Retail (Max) 13 182 ₹1,93,284
S-HNI (Min) 14 196 ₹2,08,152
S-HNI (Max) 67 938 ₹9,96,156
B-HNI (Min) 68 952 ₹10,11,024
About Company

Incorporated in August 2004, Corona Remedies Limited is a pharmaceutical company engaged in the development, manufacturing, and marketing of pharmaceutical products across key therapeutic areas, including women’s healthcare, cardiology, pain management, urology, and other specialty segments.

As of June 30, 2025, the company’s diversified product portfolio comprises 71 brands spanning multiple therapeutic areas such as women’s healthcare, cardio-diabeto, pain management, urology, and multispecialty pharmaceuticals, which include vitamins, minerals, nutrition, gastrointestinal, and respiratory products.

The company operates a pan-India marketing and distribution network supported by 2,671 medical representatives across 22 states. This extensive field force enables effective engagement with healthcare professionals and hospitals, strengthening the company’s presence in the Indian Pharmaceutical Market (IPM) and ensuring deep penetration across its core therapeutic segments.

Corona Remedies has two manufacturing facilities located in Gujarat, with an aggregate installed formulation capacity of 1,285.44 million units per annum, supported by robust quality and compliance systems.

Competitive Strengths :

Second fastest-growing company among the top 30 Indian pharmaceutical companies by domestic sales from MAT June 2022 to MAT June 2025, positioning it well to capitalize on growth opportunities in the Indian market.

Proven ability to build a diversified product portfolio, including strong “engine” brands in targeted therapy areas.

Pan-India sales and marketing network with a strategy focused on the middle-of-the-pyramid market segment.

Quality-focused manufacturing facilities compliant with current Good Manufacturing Practices (cGMP), supported by strong research and development capabilities for differentiated pharmaceutical products.

Experienced and entrepreneurial management team, backed by marquee investors.

Corona Remedies Ltd. reported an 18% increase in revenue and a 65% growth in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the previous year ended March 31, 2024.

Company Financials (Consolidated)

Assets 1,012.38 929.86 830.58
Total Income 348.56 1,202.35 1,020.93
Profit After Tax 46.2 149.43 90.5
EBITDA 71.8 245.91 161.19
NET Worth 607.02 606.34 480.41
Reserves and Surplus 545.86 545.18 419.25
Total Borrowing 106.65 62.7 134.14

Key Performance Indicator (KPI)

ROE 28%
ROCE 41%
Debt/Equity 0.1
RoNW 24.65%
PAT Margin 12.49%
EBITDA Margin 20.55%
Price to Book Value 10.71
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; -
4 Offer for Sale (OFS) -

Contact Details

Corona Remedies Ltd.
CORONA House, C – Mondeal Business Park
Near Gurudwara S. G. Highway
Thaltej
Ahmedabad, Gujarat, 380059
Phone: +91 79 4023 3000
Email: complianceofficer@coronaremedies.com
Website: https://www.coronaremedies.com/

Detail Registrar

IPO Registrar

Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

FAQ

The Corona Remedies IPO was a ₹655.37 crore book-built issue, open from December 8–10, 2025, and listed on BSE and NSE on December 15, 2025.

The issue price was fixed at ₹1,062 per share with a lot size of 14 shares, requiring a minimum retail investment of ₹14,868 at the issue price.

The IPO was entirely an offer for sale of 0.62 crore equity shares, meaning no fresh capital was raised and existing shareholders partially diluted their holdings.

Corona Remedies is a pharmaceutical company engaged in developing, manufacturing, and marketing branded formulations across women’s healthcare, cardiology, pain management, urology, and multispecialty segments.

The company demonstrated strong growth with FY25 revenue up 18% and PAT rising 65%, supported by high return ratios, diversified brands, and a pan-India distribution network.

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