Allotment

The Speciality Medicines IPO is a book-built issue worth ₹29.14 crore. The entire issue consists of a fresh issue of 24 lakh (0.24 crore) equity shares.
The IPO will open for subscription on March 20, 2026, and close on March 24, 2026. The allotment is expected to be finalized on March 25, 2026, with a tentative listing on the BSE SME platform scheduled for March 30, 2026.
The price band for the IPO has been set at ₹117 to ₹124 per share. The lot size is 1,000 shares.
Retail Investors: Minimum application is 2 lots (2,000 shares), amounting to ₹2,48,000 at the upper price band.
HNI Investors: Minimum application is 3 lots (3,000 shares), amounting to ₹3,72,000.
Unicon Capital Services Pvt. Ltd. is the book-running lead manager, while Skyline Financial Services Pvt. Ltd. is the registrar to the issue.
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| IPO Date | 30 Mar |
| IPO Listing Date | 30 Mar |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹124.00 |
| IPO Issue Size | 23,50,000 shares |
| IPO Sale Type | Fresh capital only |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 64,35,796 shares |
| IPO Open Date | 20 Mar |
| IPO Close Date | 24 Mar |
| IPO Allotment (Tentative) | 25 Mar |
| Refunds | 27 Mar |
| Credit to Demat Account | 27 Mar |
| IPO Listing Date | 30 Mar |
| Category | Offer |
|---|---|
| QIB Shares Offered | 21,000 Shares |
| NII (HNI) Shares Offered | 10,89,000 Shares |
| Retail Shares Offered | 10,90,000 Shares |
Investors can apply for a minimum of 2,000 shares, and bids must be placed in multiples of 1,000 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,48,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,48,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,72,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,92,000 |
| B-HNI (Min) | 9 | 9,000 | ₹11,16,000 |
Incorporated in 2021, Speciality Medicines Limited is engaged in the marketing and distribution of speciality pharmaceutical formulations. The company focuses on high-value oral and injectable medications used in the treatment of complex chronic conditions, catering to both domestic and international markets.
Its product portfolio includes a diverse range of finished formulations available in multiple dosage forms, such as tablets, capsules, creams, syrups, eye drops, gels, infusions, inhalers, injections, nasal sprays, ointments, ophthalmic solutions, oral solutions, sachets, and suspensions.
The company operates through two primary business models:
Contract manufacturing of finished formulations for international markets
Marketing and distribution of sourced speciality pharmaceutical products
Speciality Medicines Limited has established an international presence, with products either registered or under registration in countries such as Jordan, Ethiopia, Uganda, Peru, and Namibia. Domestically, it has built a strong distribution network across more than 20 states in India, while also maintaining a global footprint spanning over 35 countries.
As of March 31, 2025, the company had 1 product registered overseas and 60 products under registration across 5 countries, contributing to its revenue pipeline.
As of August 31, 2025, the company employed 18 permanent staff members across various functions.
| Assets | 26.44 | 23.43 | 13.26 |
| Total Income | 8.37 | 27.66 | 23.26 |
| Profit After Tax | 2.3 | 4.55 | 1.69 |
| EBITDA | - | - | - |
| Net Worth | 19.23 | 16.61 | 5.87 |
| Reserves and Surplus | 14.08 | 11.5 | 2.05 |
| Total Borrowing | 2.53 | 2.86 | 3.64 |
| ROE | 40.44% |
| ROCE | 34.95% |
| Debt/Equity | 0.17 |
| RoNW | 27.36% |
| PAT Margin | 16.52% |
| EBITDA Margin | - |
| Price to book value | - |
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 | 12 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Speciality Medicines Ltd. Address
913, One World West, S. No. 396, FP 119,
Village- Vejalpur, Ahmadabad City,
Ahmedabad, Gujarat, India,
Ahmedabad, Gujarat, 380051
+91 22 4604 5344
investors.grievances@specialitymedicine.com
https://www.specialitymedicine.com/
IPO Registrar
Skyline Financial Services Pvt.Ltd.
02228511022
ipo@skylinerta.com
https://www.skylinerta.com/ipo.php