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( As on 05/08/2026 17:00)

Pramodini Medicare announces launch of initial public offering

Pramodini Medicare Ltd. has announced public offering of 5851200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 108.00 per share. The gross proceeds of the issue are expected to be Rs 6,904.42 lakhs.

The company's initial public offer (IPO) will open on 12 August 2026 and is expected to close on 14 August 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 110.00-118.00 per share.

The IPO includes a fresh Issue of 5851200 Equity Shares of the Company at an price of Rs 118.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Pramodini Medicare Ltd. anticipates using the proceeds of the issue for .

Smart Horizon Capital Advisors Pvt. Ltd. as lead manager & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.

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