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News Details

( As on 17/03/2026 16:00)

Speciality Medicines announces launch of initial public offering

Speciality Medicines Ltd. has announced public offering of 2350000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 114.00 per share. The gross proceeds of the issue are expected to be Rs 2,914.00 lakhs.

The company's initial public offer (IPO) will open on Friday, March 20, 2026 and is expected to close on Tuesday, March 24, 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 117.00-124.00 per share.

The IPO includes a fresh Issue of 2350000 Equity Shares of the Company at an price of Rs 124.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Speciality Medicines Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.