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Astha Credit & Securities Pvt Ltd
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Sr. NoName of Bank AccountBank Account NumberIFSC Code
1ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c00620340000150HDFC0000062
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IPO
Speciality Medicines IPO
SM

Speciality Medicines IPO

Speciality Medicines Limited

₹1,24,000/ 1000 shares

Minimum investment

Speciality Medicines IPO Details

Bidding date

20 Mar - 24 Mar 2026

Price range

₹117 - ₹124

Minimum quantity

1,000

Minimum investment

₹1,24,000

Issue size

₹29 Cr.

IPO doc (link)

RHP docsExternal Link

Listing exchange

NSE/BSE

Speciality Medicines IPO Dates & Timeline

20 Mar, 2026
Opening date
24 Mar, 2026
Closing date
25 Mar, 2026
Basis of allotment
27 Mar, 2026
Initiation of refunds
27 Mar, 2026
Credit of shares
30 Mar, 2026
Listing date

About Speciality Medicines IPO: Company Overview

Speciality Medicines Limited, incorporated in 2021, is engaged in the marketing and distribution of speciality pharmaceutical formulations. The company focuses on high-value oral and injectable medicines used to treat complex and chronic medical conditions. These medicines are supplied to both domestic and international markets. The company offers a diverse portfolio of finished pharmaceutical formulations available in multiple dosage forms such as tablets, capsules, creams, syrups, eye drops, gels, injections, inhalers, nasal sprays, ointments, infusions, oral solutions, sachets, suspensions, and ophthalmic solutions. This wide range allows the company to cater to different therapeutic needs and healthcare markets. Speciality Medicines operates through two main business models. The first is contract manufacturing of pharmaceutical formulations for international distribution, while the second involves marketing and distribution of sourced speciality pharmaceutical products.

The company has also expanded its international presence with products registered or under registration in countries such as Jordan, Ethiopia, Uganda, Peru, and Namibia. Its distribution network spans over 20 states in India and more than 35 countries globally. As of February 28, 2026, the company has 7 products registered internationally and 54 products under registration across 5 countries.

Strengths & Risks of Speciality Medicines IPO

Diversified Global Presence: The company has a presence in multiple international markets, which helps reduce dependency on a single geography and supports revenue diversification.

Wide Product Portfolio: A broad range of pharmaceutical formulations across various dosage forms strengthens the company’s ability to cater to different therapeutic needs.

Strong Client Relationships: Long-standing relationships with clients and distributors help maintain stable business operations and recurring revenue.

Experienced Management Team: The promoters and management team bring industry experience that supports business expansion and strategic decision-making.

Regulatory Risk in Pharma Industry: Pharmaceutical companies are highly regulated, and any changes in regulatory policies or compliance failures could impact operations.

Dependence on International Markets: A significant portion of growth depends on international registrations and approvals, which may take time and involve regulatory uncertainty.

Competition in Pharma Sector: The pharmaceutical industry is highly competitive with many established players, which may affect market share and pricing power.

Relatively Small Scale Operations: Compared to large pharmaceutical companies, Speciality Medicines operates on a smaller scale, which may limit its ability to compete in certain markets.

How to Apply for Speciality Medicines IPO: Step-by-Step Guide

  • Research the IPO:Review the prospectus and company details.
  • Open accounts:Ensure you have a demat and trading account.
  • Check dates:Note the IPO opening and closing dates.
  • Apply online:Log in to your brokerage account and complete the IPO application form.
  • Make payment:Pay through your linked bank account.
  • Submit application:Confirm and submit your application.
  • Track status:Monitor the allotment status and check for shares in your demat account upon listing.

FAQs: Speciality Medicines IPO

Ans. Speciality Medicines IPO is a book-building IPO worth Rs. 29.14 crore, consisting entirely of a fresh issue of 23,50,000 shares.

Ans. The IPO will open for subscription on March 20, 2026 and will close on March 24, 2026.

Ans. The IPO price band is Rs. 117 to Rs. 124 per share.

Ans. Investors can bid for a minimum of 2,000 shares, and bids can be placed in multiples of 1,000 shares thereafter.

Ans. Retail investors need to invest a minimum of Rs. 2,48,000 based on the upper price band.

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