Corona Remedies Ltd IPO

Corona Remedies Ltd IPO

We are an India-focused branded pharmaceutical formulation company engaged in developing, manufacturing and marketing products in women's healthcare, cardio-diabeto, pain management, urology and other therapeutic areas. Our diversified product portfolio comprises 71 brands catering to a range of therapeutic areas such as women's healthcare, cardio-diabeto, pain management and urology, among others, as of June 30, 2025. Of our targeted therapeutic areas, our women's healthcare segment contributed to 28.56% (or Rs.4,080.26 million), cardiodiabeto (comprising cardio-vascular and anti-diabetic areas) contributed 23.38% (or Rs.3,339.96 million), pain management contributed 11.79% (or Rs.1,684.38 million) and urology contributed 4.53% (or Rs.646.65 million) to our domestic sales for MAT June 2025.

Corona Remedies Ltd IPO Details

Total Shares Offered

₹ 61,71,102

Offer to Public

61,71,102

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

₹ 4,43,38,558

Exchange

BSE

Issue size

₹ 655.37 Cr

IPO Open Date

Dec 8, 2025

Close Date

Dec 10, 2025

Lot Size

14

Min Investment

₹ 14,112

Issue Type

Book Building

Listing Date

Dec 15, 2025

Corona Remedies Ltd IPO Dates

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Dec 8, 2025
Opening date
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Dec 10, 2025
Closing date
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Dec 11, 2025
Basis of Allotment
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Dec 12, 2025
Initiation of Refunds
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Dec 12, 2025
Credit of Shares
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Dec 15, 2025
Listing date

Details

SectorType
SectorPharmaceuticals - Indian - Bulk Drugs & Formln
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Corona Remedies Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations130.7619.69108.32
EBITDA150.8640.17124.21
PAT84.70-0.4069.95
Total Assets297.54285.82300.15
Share Capital61.1651.054.64
Total Borrowings30.7870.2950.85
Operating Activities (Net Cash)104.8020.0885.84
Investing Activities (Net Cash)-33.44-0.1736.89
Financing Activities (Net Cash)30.7870.2950.85
Net Cashflow76.70100.9843.32

About Corona Remedies Ltd

Our Company was originally incorporated as `CORONA Remedies Private Limited', a private limited company, under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 27, 2004, issued by the Assistant Registrar of Companies, Gujarat at Dadra and Nagar Haveli. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders on October 24, 2024, and consequently, the name of our Company was changed to `CORONA Remedies Limited'. A fresh certificate of incorporation, upon conversion of our Company to a public limited company was issued by the Registrar of Companies, Central Processing Centre, Manesar, Haryana on December 16, 2024.

As of Financial Year 2025, the Indian domestic formulation market, holding a market size of approximately Rs.2.3 trillion, accounted for approximately 2% of the overall global pharmaceutical market. India possesses an ecosystem to develop and manufacture pharmaceuticals, with companies having state-of-the-art facilities and skilled technical manpower. The domestic market (consumption) logged a healthy CAGR of 9% between Financial Years 2020 and 2025. It is expected to clock a CAGR of 8-9% to reach Rs.3.3-3.5 trillion by Financial Year 2030, aided by strong demand on account of rising incidences of chronic diseases, awareness and access to quality healthcare.

We are an India-focused branded pharmaceutical formulation company engaged in developing, manufacturing and marketing products in women's healthcare, cardio-diabeto, pain management, urology and other therapeutic areas. Our diversified product portfolio comprises 71 brands catering to a range of therapeutic areas such as women's healthcare, cardio-diabeto, pain management and urology, among others, as of June 30, 2025. Of our targeted therapeutic areas, our women's healthcare segment contributed to 28.56% (or Rs.4,080.26 million), cardiodiabeto (comprising cardio-vascular and anti-diabetic areas) contributed 23.38% (or Rs.3,339.96 million), pain management contributed 11.79% (or Rs.1,684.38 million) and urology contributed 4.53% (or Rs.646.65 million) to our domestic sales for MAT June 2025.

Peer Comparison:

  • Abbott India Ltd
  • Alkem Laboratories Ltd
  • ERIS Lifesciences Ltd
  • Glaxosmithkline Pharmaceuticals Ltd
  • J B Chemicals & Pharmaceuticals Ltd
  • Mankind Pharma Ltd
  • Pfizer Ltd
  • Sanofi India Ltd
  • Torrent Pharmaceuticals Ltd

Corona Remedies Ltd Key Points

Strengths

Second fastest growing company within the top 30 pharmaceutical companies in the Indian pharmaceutical market by domestic sales between MAT June 2022 and MAT June 2025.

Demonstrated capabilities of building a diversified portfolio, including engine brands, in our targeted therapy areas.

Pan-India sales network and marketing strategy focused on the middle of the pyramid target market.

Quality and current Good Manufacturing Practices-focused manufacturing facilities, with strong research and development capabilities driving a portfolio of differentiated pharmaceutical products.

Qualified, experienced and entrepreneurial management team supported by marquee investors.

Risk

The therapeutic areas of women's healthcare, cardio-diabeto and pain management contributed to an aggregate of Rs.2,257.26 million (or 65.14%) and Rs.7,465.54 million (or 62.40%) of our revenue from operations for the three months ended June 30, 2025 and the Financial Year 2025, respectively. If our products in these or other therapeutic areas which contribute significantly to our revenue from operations do not perform as expected or if competing products become available and gain wider market acceptance, our business, results of operations, financial condition and cash flows may be adversely affected.

Our 27 engine brands (and in particular, our B-29 and Myoril brands) accounted for 72.34% of our domestic sales during the MAT June 2025 period, and any adverse developments affecting the sales of our engine brands could have an adverse effect on our business, results of operations, financial condition and cash flows.

We derive a significant majority of our revenue from our operations within India (constituting 96.34% and 96.33% of our revenue from operations during the three months ended June 30, 2025 and the Financial Year 2025, respectively). In the event of a fall in demand for our products in India, or if we fail to successfully expand into international markets, our business, results of operations, financial conditions and cash flows may be adversely affected.

Strategy

Further increase our market share within the domestic Indian pharmaceutical market.

Grow our product portfolio with a focus on long product life cycles and progression.

Expand into other therapeutic areas with significant growth potential and deepen our presence in existing therapeutic areas.

Execute strategic acquisitions and establish in-licensing agreements.

Expand our sales in select overseas markets with a focused approach.

How To Apply for Corona Remedies Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Corona Remedies Ltd IPO?

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Corona Remedies Ltd's IPO offers shares for up to 0 It begins on Dec 8, 2025 and ends on Dec 10, 2025.

What is the price of the Corona Remedies Ltd IPO?

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The price of Corona Remedies Ltd IPO ranges between ₹1,008 to ₹1062 per share.

What are the open and close dates for the Corona Remedies Ltd IPO?

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The Corona Remedies Ltd IPO opens on Dec 8, 2025 and closes on Dec 10, 2025.

When will the Corona Remedies Ltd IPO be allotted?

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The allotment for the Corona Remedies Ltd IPO will be finalised on Dec 11, 2025. The shares will be listed on BSE and NSE on Dec 15, 2025.

What is the minimum lot size required for Corona Remedies Ltd IPO?

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The minimum lot size for Corona Remedies Ltd IPO is 14 shares, priced between ₹1008 to ₹1062 per share.

What is the GMP of Corona Remedies Ltd IPO?

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The GMP (Grey Market Premium) of Corona Remedies Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Corona Remedies Ltd IPO?

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To check the allotment status of Corona Remedies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Corona Remedies Ltd IPO getting listed?

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The Corona Remedies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 8, 2025, and closes on Dec 10, 2025. The allotment is finalised on Dec 11, 2025.

How do you apply for the Corona Remedies Ltd IPO?

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To apply for the Corona Remedies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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