Corona Remedies Ltd IPO

Last Updated: 13 May 2025 9:36 AM by 5Paisa

Initial public offering of up to [*] equity shares of face value of Rs. 10/- each (Equity Shares) of Corona Remedies Limited (Company) for cash at a price of Rs. [*] per equity share (Offer Price) aggregating up to Rs. 800.00 crores (Offer), comprising an offer for sale of up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 160.00 crores by Kirtikumar Laxmidas Mehta (Promoter Selling Sharheolder), up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 94.40 crores by Minaxi Kirtikumar Mehta, up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 12.80 crores by Dipabahen Niravkumar Mehta, up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs.12.80 crores by Brinda Ankur Mehta (Promoter Group Selling Shareholders), up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 491.40 crores by Sepia Investments Limited, up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 18.37 crores by Anchor Partners and up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 10.23 crores by Sage Investment Trust (Investor Selling Shareholders, and along with the promoter selling shareholder and promoter group selling shareholders, the Selling Shareholders) (Offer for Sale, and such equity shares offered in the offer for sale, the Offered Shares). The offer includes a Reservation of [*] equity shares of face value of Rs. 10/- each, aggregating to Rs. [*] crores (Constituting up to [*] % of the post offer paid-up equity share capital of the company, for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*] % and [*] %, respectively, of the post-offer paid-up equity share capital of the company. the company may in consultation with the brlms, offer a discount of Rs. [*] on the offer price to eligible employees bidding in the employee reservation portion (Employee Discount). The face value of the equity shares is Rs. 10/- each. The offer price is [*] times the face value of the equity shares. The price band, employee discount, if any, and the minimum bid lot will be decided by the company.