Anondita Medicare Ltd. logo

Anondita Medicare was incorporated on March 12, 2024. The company manufactures flavored male condoms under the brand “COBRA,” which are 100% electronically tested and packed in export-quality material, and has also started producing female condoms. With an annual capacity of ~562 million pieces, it follows sustainable practices by using CNG as an eco-friendly fuel in its plant

Bidding Dates
22 Aug 2025 - 26 Aug 2025
Subscription
277.48x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹274,0002210004.8 M₹137 - ₹14561.71 %₹656.6 M - ₹695.0 MRHP DOC

Anondita Medicare IPO SUBSCRIPTION STATUS

26 Aug '25
Total277.48x
Retail Individual Investor376.95x
HNI (NII) Investors701.84x
Qualified Institutional Buyers80.54x

Anondita Medicare IPO overall subscription rate was 277.48 times the total available shares

Anondita Medicare IPO retail subscription rate was 376.95 times in the retail segment

Anondita Medicare IPO non-institutional investor subscription rate was 701.84 times in the non-institutional investor category

Anondita Medicare IPO Qualified Institutional Bidder subscription rate was 80.54 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
26 Aug 2025
(Day 3)
376.95x701.84x80.54x
25 Aug 2025
(Day 2)
72.76x75.14x1.14x
22 Aug 2025
(Day 1)
7.62x2.53x0.06x

Anondita Medicare FINANCIALS

Period Revenue from Operations (Rs in crore) Net Profit (Rs in crore) Cash Flow from Operations (Rs in crore) Free Cash Flow (Rs in crore) Margins
FY25 77.0 16.4 -10.5 -17.4 33.3%
FY24 46.4 3.8 10.5 6.5 19.6%
FY23 35.9 0.3 -9.5 -9.8 10.0%

Anondita Medicare IPO SUBSCRIPTION STATUS DETAILS

Anondita Medicare had 4.8 M shares on offer

Anondita Medicare IPO offer price was in the range ₹137 - ₹145

Anondita Medicare IPO minimum Investment was ₹274000

Anondita Medicare IPO issue size was ₹ 656.6 M - ₹ 695.0 M

Anondita Medicare had a minimum lot size of 1000 Shares per application

Anondita Medicare NUMBER OF SHARES ON OFFER

Total4.8 M
Fresh Issue4.8 M
Offer for Sale0
Post Issue Promoter Holding %61.71 %

Anondita Medicare IPO IMPORTANT DATES

Issue Open Date22 Aug 2025
Issue close Date26 Aug 2025
Allotment Date28 Aug 2025
Refund Date29 Aug 2025
Demat Account Credit Date29 Aug 2025
Listing Date01 Sep 2025
Listing on Exchange(s)NSE
Anondita Medicare Allotment StatusExchange/ Registrar

Anondita Medicare IPO subscription opened on 22 Aug 2025, and closed on 26 Aug 2025

IPO allotment for Anondita Medicare was finalized on Thursday, 28 Aug 2025

IPO listing for Anondita Medicare was on NSE on Monday, 01 Sep 2025

Anondita Medicare IPO LISTING GAINS

Issue Price (adjusted)145.0
Listing Open Price275.5
Listing Close Price289.3
Listing Gain%90.0%
Current Gain%638.5%

Anondita Medicare Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Anondita Medicare Ltd.1070.81936.7610.61425.918.1138.379.333.4111.817.6101.1
Hindustan Unilever Ltd.1865.4438292.829.30.86.630.818.8652191.71504041.263.738.6
Marico Ltd.787.2102358.654.24.17.241.817.51381525.117628.214.513.1
Godrej Consumer Products Ltd.865.688585.846.314.45.514.78.715444.15.21861.50.518.73.2
Dabur India Ltd.383.668040.134.53.2516.610.813792.35.218957.211.110.7
Colgate-Palmolive (India) Ltd.1757.447798.735.5-10.87.783.738.96124.2-0.91325.3-7.849.6-3.3

Anondita Medicare INFORMATION ON IPO ISSUE

About Anondita Medicare

Anondita Medicare was incorporated on March 12, 2024. The company manufactures flavored male condoms under the brand “COBRA,” which are 100% electronically tested and packed in export-quality material, and has also started producing female condoms. With an annual capacity of ~562 million pieces, it follows sustainable practices by using CNG as an eco-friendly fuel in its plant

Object of the Issue

  • Funding capital expenditure requirements for the purchase of equipment/machineries
  • Funding the working capital requirements of the company
  • To meet out the expenses for unidentified acquisition and general corporate purposes

Anondita Medicare - PROMOTERS

Name
Anupam Ghosh
Sonia Ghosh
Reshant Ghosh

Anondita Medicare - MANAGEMENT & LEADERSHIP

NameDesignation
Anupam GhoshManaging Director
Sonia GhoshWhole-Time Director
Reshant GhoshWhole-Time Director
Lakhinder SinghNon-Independent Director
Nishi GoelIndependent Director
Gaurav KumarIndependent Director

Anondita Medicare Book Running Lead Manager

Narnolia Financial Services Limited

ipo@narnolia.com

Anondita Medicare Registrar to the issue

Maashitla Securities Private Limited

ipo@maashitla.com

Anondita Medicare Strengths

Quality control

Quality control checks are conducted at key stages, including latex compounding, dipping for thickness and strength, post-treatment (washing, drying, cooling), lubricant/flavor preparation, and foiling and packing to ensure hygiene and durability

Strength

Sales channel

The company distributes products through M/s Calcutta Cosmetics and its subsidiary, M/s Anondita Healthcare & Rubber Products Limited, which markets the “COBRA” brand. Its sales team engages with channel partners, government procurement agencies, and AIDS Control Societies, with past exports also undertaken

Strength

Skilled manpower

The company’s workforce combines experience with youth, providing both stability and growth. Skilled resources, efficient processes, and strong management have supported the successful execution of its growth plans

Strength

Anondita Medicare Risks

Depend on govt contracts

The company earns a major share of its revenue from government contracts and tenders for supplying condoms under public health programs. Failure to meet tender requirements could lead to disqualification from future tenders, adversely impacting its business, financial condition, and operations

Risk

Quality standards

Pharmaceutical companies like this one must comply with regulations and quality standards set by agencies such as CDSCO, The Rubber Board, and the Ministry of Commerce & Industry. Their facilities are subject to periodic inspections, and products may face recalls or voluntary withdrawals due to quality issues or regulatory changes

Risk

Capital intensive

The company requires substantial working capital for daily operations and business growth. Any delay or inability to secure sufficient working capital on favourable terms could adversely affect its operations, profitability, and growth prospects

Risk

IPO FAQs

  • The promoters of the company are Anupam Ghosh, Sonia Ghosh and Reshant Ghosh.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 137.0 - 145.0.
  • The IPO application opens on Aug 22, 2025 and closes on Aug 26, 2025.
  • The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
  • For all category investors, the minimum application amount for this IPO is Rs. 274,000.0, the maximum value for this IPO is Rs 290,000.0.
  • This IPO will be allotted on Aug 28, 2025.
  • The refund will be credited to your account on Aug 29, 2025.
  • The allotted shares will be credited to your demat on Aug 29, 2025.
  • Anondita Medicare Ltd.’s shares listed on the stock exchanges on Sep 01, 2025.