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CORONA IPO

CORONA REMEDIES LIMITED
Start Date08-12-2025
Application Timing10am-5pm
Price Range₹1008 - ₹1062
Min Qty14
Min. Investment₹14112
Listing Date15-12-2025
Close Date10-12-2025

About CORONA REMEDIES LIMITED

Corona Remedies Limited, incorporated in August 2004, is a pharmaceutical company engaged in developing, manufacturing, and marketing prescription-based healthcare products. The company operates across key therapeutic segments including women’s healthcare, cardiology, diabetology, pain management, urology, gastrointestinal care, respiratory, and nutrition. As of June 30, 2025, the company offers 71 brands across multiple therapy categories and has built a strong presence in the Indian Pharmaceutical Market (IPM). Corona Remedies has a large pan-India marketing and distribution network, operated through 2,671 medical representatives across 22 states, enabling deep penetration and strong engagement with hospitals and healthcare professionals. The company operates two manufacturing facilities in Gujarat with a combined installed formulation capacity of 1,285.44 million units per annum, compliant with quality and Good Manufacturing Practice (GMP) standards. With a strong focus on innovation and specialized pharmaceutical products, Corona Remedies continues to expand its footprint in chronic and high-margin therapeutic categories.

Why To Invest in CORONA REMEDIES LIMITED

Fast-growing Industry Position: Corona Remedies is the second fastest-growing company among the top 30 Indian pharma companies (based on domestic sales, MAT June 2022–June 2025).

Strong Financial Growth: Revenue increased by 18% and profit after tax surged by 65% between FY 2024 and FY 2025, reflecting strong operational performance.

Diverse High-Margin Product Portfolio: Focus on chronic therapies such as cardio-diabetic and women’s health enables higher margins and long-term customer retention.

Strong Distribution Network: Presence across India with a large field force and established doctor-hospital relationships strengthens brand recall and market penetration.

Healthy Return Ratios: Strong financial indicators including ROE of 27.50%, ROCE of 41.32%, and low debt-to-equity ratio of 0.10 indicate financial stability.

Proven Management and R&D Capabilities: The leadership team brings industry expertise and the company continues to invest in innovation and differentiated solutions.

Financial Table
Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets1,012.38929.86830.58595.02
Total Income348.561,202.35 1,020.93891.10
Profit After Tax46.20 149.4390.5084.93
EBITDA71.80245.91161.19135.03
NET Worth607.02606.34480.41408.52
Reserves and Surplus545.86545.18419.25347.36
Total Borrowing106.6562.70 134.142.33
Strengths And Risks
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Strong Presence in Key Therapeutic Areas: The company operates in chronic and essential care segments like cardio-diabetic and women’s healthcare, which ensures consistent demand.
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Pan-India Distribution Network: A strong presence across 22 states with over 2,600 medical representatives supports widespread market penetration.
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Modern Manufacturing Capability: The company operates two GMP-certified plants in Gujarat with significant installed capacity for pharmaceutical production.
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Financial Growth and Profit Improvement: Revenue and profit trends indicate healthy momentum backed by operational efficiency and expanding market share.
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Low Debt with High Return Ratios: Strong metrics including a low debt-to-equity ratio and high ROE/ROCE reflect financial stability and efficient capital usage.
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100% Offer for Sale (OFS): The IPO proceeds will not go to the company, which means there is no direct capital infusion for growth plans.
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High Valuation at Listing: The pricing may already reflect future growth expectations, which could limit short-term listing gains.
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Product Revenue Dependency: Dependence on key brands increases operational risk if demand shifts or competition strengthens in similar categories.
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Regulatory and Compliance Exposure: Pharmaceutical pricing controls, policy changes, and compliance norms may affect profitability and operational flexibility.
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Competitive Market Environment: The Indian pharmaceutical market is highly competitive, with both domestic and multinational players impacting market share and pricing.
FAQs
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