Allotment

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).
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IPO Market price
| 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 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 |
| Category | Offer |
|---|---|
| QIB Shares Offered | 30,58,007 Shares |
| NII (HNI) Shares Offered | 9,17,403 Shares |
| Retail Shares Offered | 21,40,606 Shares |
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 |
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.
| 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 |
| 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 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) | - |
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/
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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.