What is the GMP of Speciality Medicines IPO today?

The Grey Market Premium (GMP) for Speciality Medicines IPO is currently ₹0. With an upper price band of ₹124, the estimated listing price is ₹124 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Speciality Medicines IPO?

The price band for Speciality Medicines IPO is ₹117 to ₹124 per equity share. The minimum lot size is 1000 shares, which requires a minimum retail application investment of ₹1,24,000.

What are the important dates for Speciality Medicines IPO?

Speciality Medicines IPO opens for subscription on 2026-03-20T00:00:00 and closes on 2026-03-24T00:00:00. The basis of allotment is scheduled for 2026-03-25T00:00:00, and shares are expected to list on 2026-03-30T00:00:00 on BSE, NSE.

How can I check the allotment status for Speciality Medicines IPO?

You can check Speciality Medicines IPO allotment status on the registrar's official portal (Skyline Financial Services Pvt.Ltd.) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Speciality Medicines IPO?

Investors can apply for Speciality Medicines IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Speciality Medicines IPO open and close?

The IPO opens on 20 Mar 2026, and closes on 24 Mar 2026.

What is Speciality Medicines IPO price band?

The issue price band is ₹117.00 to ₹124.00 per equity share.

What is the Speciality Medicines IPO lot size?

The minimum lot size is 1000 shares per application.

What is the Speciality Medicines IPO allotment date?

The allotment is scheduled on 25 Mar 2026.

Speciality Medicines IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

29.00 Cr

Price Band

₹117.00 - ₹124.00

Lot Size

1000 Shares

Min Investment

₹2,48,000

GMP

₹0

Subscription

2.27x

₹61.84 Cr

20 Mar 2026

IPO Opens

COMPLETED

24 Mar 2026

IPO Closes

COMPLETED

25 Mar 2026

Basis of Allotment

COMPLETED

27 Mar 2026

Refunds

COMPLETED

27 Mar 2026

Demat Credit

COMPLETED

30 Mar 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

20 Mar 2026

IPO ClosesDONE

24 Mar 2026

Basis of AllotmentDONE

25 Mar 2026

RefundsDONE

27 Mar 2026

Demat CreditDONE

27 Mar 2026

ListingDONE

30 Mar 2026

About Speciality Medicines IPO

Speciality Medicines IPO open date is March 20, 2026 and the IPO will close on March 24, 2026. Speciality Medicines IPO is a Book build Issue. The company to raise around ₹29.14 crores via IPO that comprises fresh issue of ₹29.14 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Speciality Medicines IPO price band is ₹117 to ₹124 per share. The retail quota is 49%, QIB is 2%, and HNI is 49%. Speciality Medicines IPO to list on BSE on March 30, 2026. The allotment of Speciality Medicines IPO date is March 25, 2026.

The company reported revenue of ₹58.54 crores in 2025 against ₹27.66 crores in 2024. The company reported profit of ₹8.61 crores in 2025 against profit of ₹2.93 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Speciality Medicines IPO Details and Specifications
IPO Date	20 Mar 2026 to 24 Mar 2026
Face Value	₹10 Per Share
Price Band	₹117.00 - ₹124.00
Lot Size	1000 Shares
Total Issue Size	Approx 29.00 Cr 23,50,000 Equity Shares
Fresh Issue	Approx 29.00 Cr 23,50,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	49.55%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	30 Mar 2026
Listing At	BSE
Total Subscription Amount	₹61.84 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	TBA	0.00%
- QIB (Ex. Anchor)	21,000	0.95%
NII	10,89,000	49.50%
- bNII > ₹10L	7,26,000	0.00%
- sNII < ₹10L	3,63,000	0.00%
Retail	10,90,000	49.55%
Market Maker	1,50,000	0.00%
Total	23,50,000	100.00%

IPO Lot Size

Application	Lots	Shares	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

About Company

One of the leading companies,” Speciality Medicines” was founded in 2021 and started a business of marketing and distribution of finished formulations of specialty pharmaceutical products, comprising high-cost oral and injectable medications used in the treatment of complex and chronic medical conditions in therapeutic areas like oncology, immunology, neurology, and rare diseases.

Moreover, the company operates in two ways: (a) contract manufacturing of finished formulations for international markets, and (b) marketing and distribution of sourced specialty pharmaceutical products.

Further, the company has around 7 registered products overseas, and 54 products are in the registration process across 5 countries.

Contact Details

Speciality Medicines Ltd.

913, One World West, S.No.396, FP 119

Village-Vejalpur, Ahmadabad City

Ahmedabad, Gujarat, 380051

+91 22 4604 5344

investors.grievances@specialitymedicine.com

Visit Website

Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

Lead Managers

Unicon Capital Services Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
30-Mar-2026 07:00 AM	+₹0	₹124	+0.00%	₹0
29-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
28-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
27-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
26-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
25-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
24-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
23-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
21-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
20-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
19-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
18-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0
17-Mar-2026 05:00 PM	+₹0	₹124	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	96.24x	21,000	20,21,000	₹25.06 Cr
NII	1.88x	10,89,000	20,44,000	₹25.35 Cr
bNII > ₹10L	2.50x	7,26,000	18,13,000	₹22.48 Cr
sNII < ₹10L	0.64x	3,63,000	2,31,000	₹2.86 Cr
Retail	0.85x	10,90,000	9,22,000	₹11.43 Cr
Total	2.27x	22,00,000	49,87,000	₹61.84 Cr

Objects of the Issue

01 Setting up of Research and Development (R&D) Centre at Revenue City Survey No. RV1/NA/61/1/50, Moje, Manda, Tal. Umargam, Dist. Valsad, Gujarat : 12.68 Cr
02 Product Registration in International Markets and Product Development for sale in international markets : 2.99 Cr
03 Funding for Marketing and Promotional Activities : 1.66 Cr
04 To Meet Working Capital Requirements : 8.00 Cr
05 General Corporate Purposes : 0.25 Cr
06 Issue Expenses : 3.57 Cr

Company Financials

Period Ended	31 OCT 2025	31 MAR 2025	31 MAR 2024
Total Income	36.93	58.54	27.66
Profit After Tax	6.06	8.61	2.93
EBITDA	6.51	9.09	5.26
NET Worth	36.47	30.42	15.06
Reserves and Surplus	30.04	23.98	9.95
Total Borrowing	4.81	5.05	2.86

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	33.39%
Debt/Equity Ratio	0.17
Return on Net Worth (RoNW)	28.42%
PAT Margin	14.77%
EBITDA Margin	15.60%
Net Asset Value (NAV)	₹47.07
Earning Per Share (EPS)	₹14.10

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Mono Pharmacare Limited	1.75	13.87	17.66	9.90	168.34
Trident Lifeline Limited	10.22	27.59	56.05	18.23	86.96
Remus Pharmaceuticals Limited	65.21	12.25	434.25	15.02	620.36

Promoters and Holding Pattern

Parth B Goyani, Goyani Sumit Babubhai are the company's promoters of Speciality Medicines.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	59.28%	43.44%
Others*	40.72%	56.56%

Strengths

Focuses on speciality medicines for complex and chronic diseases.
Diverse product portfolio across multiple therapeutic areas.
A wide range of dosage forms enhances product reach.
Dual business model of manufacturing and distribution.
Presence in international markets through a distribution network.

Risks

Dependence on third-party manufacturers for product supply.
High reliance on a few key customers for revenue.
Strict quality requirements may lead to order cancellations.
Ongoing legal proceedings involving a promoter.
Exposure to supply disruptions and price volatility.

Frequently Asked Questions (FAQ)

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About Speciality Medicines IPO

IPO Details

Speciality Medicines IPO Details and Specifications
IPO Date	20 Mar 2026 to 24 Mar 2026
Face Value	₹10 Per Share
Price Band	₹117.00 - ₹124.00
Lot Size	1000 Shares
Total Issue Size	Approx 29.00 Cr 23,50,000 Equity Shares
Fresh Issue	Approx 29.00 Cr 23,50,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	49.55%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	30 Mar 2026
Listing At	BSE
Total Subscription Amount	₹61.84 Cr

Investor Category

Shares Offered

% Net Issue

QIB

TBA

0.00%

- QIB (Ex. Anchor)

21,000

0.95%

NII

10,89,000

49.50%

- bNII > ₹10L

7,26,000

0.00%

- sNII < ₹10L

3,63,000

0.00%

Retail

10,90,000

49.55%

Market Maker

1,50,000

0.00%

Total

23,50,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

2,000

₹2,48,000

Individual investors (Retail) (Max)

2,000

₹2,48,000

S-HNI (Min)

3,000

₹3,72,000

S-HNI (Max)

8,000

₹9,92,000

B-HNI (Min)

9,000

₹11,16,000

About Company

Further, the company has around 7 registered products overseas, and 54 products are in the registration process across 5 countries.

Contact Details

Speciality Medicines Ltd.

913, One World West, S.No.396, FP 119

Village-Vejalpur, Ahmadabad City

Ahmedabad, Gujarat, 380051

+91 22 4604 5344

investors.grievances@specialitymedicine.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

30-Mar-2026 07:00 AM

+₹0

₹124

+0.00%

₹0

29-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

28-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

27-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

26-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

25-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

24-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

23-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

21-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

20-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

19-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

18-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

17-Mar-2026 05:00 PM

+₹0

₹124

+0.00%

₹0

Speciality Medicines IPO Details

About Speciality Medicines IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Speciality Medicines IPO open and close?

What is Speciality Medicines IPO price band?

What is the Speciality Medicines IPO lot size?

What is the Speciality Medicines IPO allotment date?

What is the Speciality Medicines IPO listing date?

What is the minimum investment required in Speciality Medicines IPO?

Join the discussion

Speciality Medicines IPO Details

About Speciality Medicines IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Speciality Medicines IPO open and close?

What is Speciality Medicines IPO price band?

What is the Speciality Medicines IPO lot size?

What is the Speciality Medicines IPO allotment date?

What is the Speciality Medicines IPO listing date?

What is the minimum investment required in Speciality Medicines IPO?

Join the discussion