Corona Remedies IPO Date, Review, Price, Allotment Details

Posted on: 03 Dec 2025

The Corona Remedies IPO will open on December 8, 2025, and close on December 10, 2025. It is a Book-Building Issue, through which the company plans to raise approximately ₹655.37 crores. This includes a fresh issue of ₹[.] crores and an Offer for Sale of up to 61,71,101 equity shares with a face value of ₹10 each.

The IPO price band is set between ₹1,008 and ₹1,062 per share. The allocation comprises 50% for QIBs, 35% for retail investors, and 15% for HNIs. The shares are expected to list on BSE and NSE on December 15, 2025, with allotment scheduled for December 11, 2025.

For FY 2025, the company reported revenue of ₹1,202.35 crores, up from ₹1,020.93 crores in 2024, and a profit of ₹149.43 crores, compared to ₹90.50 crores in 2024. Based on these financials, the IPO appears suitable for investors with a long-term perspective.

Corona Remedies IPO Details

IPO Open Date
December 8, 2025
IPO Close Date
December 10, 2025
Face Value
₹10 Per Equity Share
IPO Price Band
₹1008 to ₹1062 Per Share
Issue Size
Approx ₹655.37 Crores
Offer for Sale:
Approx 61,71,101 Equity Shares
Issue Type
Book Built Issue
IPO Listing
BSE, NSE
DRHP Draft Prospectus
PDF
RHP Draft Prospectus
PDF

Corona Remedies IPO Market Lot

The minimum market lot for the Corona Remedies IPO is 14 shares, requiring an application amount of ₹14,868. Retail investors can apply for up to 13 lots, totaling 182 shares, with a maximum investment of ₹1,93,284.

Application
Lot Size
Shares
Amount
Retail Minimum
1
14
₹14,868
Retail Maximum
13
182
₹1,93,284
S-HNI Minimum
14
196
₹2,08,152
S-HNI Maximum
67
938
₹9,96,156
B-HNI Minimum
68
952
₹10,11,024

IPO Reservation

Investor Category
Share Offered
-% Shares
Anchor Investor
– Shares
-%
QIB (Ex. Anchor)
– Shares
50%
NII Shares Offered
– Shares
15%
Retail Shares Offered
– Shares
35%

Corona Remedies IPO Anchor Investors

Anchor Bidding Date
December 5, 2025
Anchor Investors List
PDF
Shares Offered
[.] Shares
Anchor Size
[.] Cr.
lock-in period end date 50% shares (30 Days)
January 10, 2026
lock-in period end date 50% shares (90 Days)
March 11, 2026

Corona Remedies IPO Dates

The Corona Remedies IPO will open on December 8 and close on December 10. The allotment is scheduled to be finalized on December 11, with the shares expected to list on December 15.

IPO Open Date:
December 8, 2025
IPO Close Date:
December 10, 2025
Basis of Allotment:
December 11, 2025
Refunds:
December 12, 2025
Credit to Demat Account:
December 12, 2025
IPO Listing Date:
December 15, 2025
IPO Bidding Cut-off Time:
December 10, 2025 – 5 PM

Promoters and Holding Pattern

The promoters of the company are Dr. Kirtikumar Laxmidas Mehta, Niravkumar Kirtikumar Mehta, and Ankur Kirtikumar Mehta.

Particular
Shares
% Share
Promoter Holding Pre Issue
6,11,60,088
72.50%
Promoter Holding Post Issue
6,11,60,088
-%

About Corona Remedies IPO

Founded in August 2004, Corona Remedies Limited is a leading pharmaceutical company engaged in the manufacturing and sale of products for women’s health, heart care, pain relief, urology, and other therapeutic areas. According to reports, it ranks as the 2nd largest company among 30 players in the Indian Pharmaceutical Market (IPM). As of December 31, 2024, the company employed 88 professionals in its R&D division.

Corona Remedies offers 67 brands across multiple therapeutic segments, including women’s healthcare, cardio-diabetes, pain management, urology, and multispecialty pharmaceuticals such as vitamins, minerals, nutrition, gastrointestinal, and respiratory products. The company has a pan-India presence with 2,598 medical representatives operating in 22 states and maintains two manufacturing facilities in Gujarat.

Corona Remedies IPO Company Financial Report

Amount ₹ in Crores

Period Ended
Revenue
Expense
PAT
Assets
2023
₹891.10
₹756.07
₹84.93
₹595.02
2024
₹1,020.93
₹859.74
₹90.50
₹830.58
2025
₹1,202.35
₹956.44
₹149.43
₹929.86
June 2025
₹348.56
₹276.76
₹46.20
₹1,012.38

Corona Remedies IPO Valuation – FY2025

Check Corona Remedies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPI
Values
ROE:
27.50%
ROCE:
41.32%
EBITDA Margin:
20.55%
PAT Margin:
12.49%
Debt to equity ratio:
Earning Per Share (EPS):
₹24.43 (Basic)
Price/Earning P/E Ratio:
N/A
Return on Net Worth (RoNW):
24.65%
Net Asset Value (NAV):
₹99.14

Peer Group Comparison

Company
EPS
PE Ratio
RoNW %
NAV
Income
Abbott India Limited
665.62
54.28
33.41%
1,992.14
6,409.15 Cr.
Alkem Laboratories Limited
181.11
32.96
18.07%
1,002.37
12,964.52 Cr.
Eris Lifesciences Limited
25.85
47.99
12.21%
209.73
2,893.64 Cr.
GlaxoSmithKline Pharmaceuticals Limited
54.76
83.53
47.54%
115.19
3,749.21 Cr.
J.B. Chemicals & Pharmaceuticals Limited
42.45
47.21
19.21%
220.88
3,917.99 Cr.
Mankind Pharma Limited
49.28
54.17
13.89%
352.51
12,207.44 Cr.
Pfizer Limited
167.79
34.56
18.20%
921.88
2,281.35 Cr.
Sanofi India Limited
179.46
23.76
48.05%
373.68
2,013.20 Cr.
Torrent Pharmaceuticals Limited
56.47
66.51
25.18%
224.28
11,516.09 Cr.

IPO Lead Managers aka Merchant Bankers

  • JM Financial Ltd.
  • IIFL Capital Services Ltd.
  • Kotak Mahindra Capital Co. Ltd.

Company Address

Corona Remedies Ltd.
CORONA House, C – Mondeal Business Park
Near Gurudwara S. G. Highway
Thaltej
Ahmedabad, Gujarat, 380059
Phone: +91 79 4023 3000
Email: complianceofficer@coronaremedies.com
Website: https://www.coronaremedies.com/

IPO Registrar

Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

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