
Speciality Medicines Ltd.
₹117.0 to ₹124.0
-
TBD
1,000.0 Shares
| Issue Size (in Cr) | |
|---|---|
| Overall | ₹29.0 Cr |
| Fresh Issue | ₹27.0 Cr |
| Offer for Sale | ₹2.0 Cr |
Minimum Investment
₹12,400.0 / 10,00,000 shares

Merchant Banker
Unistone Capital Pvt.Ltd.
IPO Document
IPO Document
20th Mar 2026
24th Mar 2026
₹108.9 Cr
₹58.5 Cr
₹8.6 Cr
₹29.0 Cr
Face Value
₹ 10.0Offer Price
₹ 124.0Lot Size
1,000.0 sharesSale Type
Fresh Issue & Offer For SalePAT FY'25
₹ 8.6 CrPAT Margin (FY'25)
14.7 %P/E Multiple
9.3xEBITDA (FY'25)
₹ 9.0 CrCAGR Growth 3Y
143.7 %ROE (FY'25)
37.8 %ROCE (FY'25)
33.3 %Price to Book Value
2.6xDebt/Equity
0.2xCompany Website
www.specialitymedicine.comExplore new deals
Overview
Fund Allocation
Total: ₹0 CrTimeline
Business
Products
Business Model
Geographical Presence
Sales Channel
Clients
Financial Highlights
Income Statement
Revenue growth with EBITDA and PAT margins
| Financial Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue (₹ Cr) | 23.1 | 27.6 | 58.5 |
| Growth (%) | - | - | - |
| EBITDA (₹ Cr) | - | - | - |
| EBITDA Margin (%) | 15.4% | 19.1% | 15.6% |
| PAT (₹ Cr) | - | - | - |
| PAT Margin (%) | 7.3% | 10.6% | 14.7% |
Balance Sheet
| Financial Metric |
|---|
Cash Flow
| Financial Metric |
|---|
Working Capital
| Efficiency Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
Debtor Days Average number of days taken to collect customer payments. | - | - | - |
Creditor Days Average time taken to pay suppliers and vendors. | - | - | - |
Inventory Days Average number of days inventory remains unsold. | - | - | - |
CCC (Cash Conversion Cycle) (Debtor Days + Inventory Days - Creditor Days) | - | - | - |
Financial Ratios
Industry Overview
Industry Drivers
Diversification into High-Value Therapeutic Areas
The pharmaceutical industry is shifting toward high-value therapeutic areas such as oncology, anti-diabetics, rare diseases, and weight-loss treatments, driving overall value growth.
These segments offer higher complexity, limited competition, and stronger pricing power than traditional generics. Rising prevalence of chronic and lifestyle diseases is further accelerating demand for such therapies. Advancements in drug development are also expanding their scope and accessibility.
Companies operating in these areas benefit from better margins and longer product lifecycles. Additionally, improving healthcare access in emerging markets is supporting increased adoption.
This shift is prompting pharma companies to focus on niche, differentiated offerings, making diversification into these segments a key driver of sustainable growth and profitability.
Shift Toward Specialty & Complex Formulations
The pharmaceutical industry is witnessing a shift from commoditized generics to specialty and complex formulations. These products offer higher margins due to their complexity and limited competition.
They also provide stronger pricing power compared to traditional generics. This transition is encouraging companies to focus on niche and differentiated therapies.
As a result, firms adopting this strategy are better positioned to enhance profitability and sustain long-term growth.
Global Presence
Our pharmaceutical business has a diversified geographic presence across both India and multiple international markets, including Bolivia, Cambodia, Italy, Latvia, Lithuania, Poland, Georgia, United Kingdom, Guyana, Brazil, Trinidad & Tobago, Armenia, Saudi Arabia, Belarus, UAE, Jordan, Oman, Kuwait, Bahrain, Turkey, DR Congo, Mali, Senegal, Uganda, Bangladesh, Malaysia, Philippines, Singapore, Vietnam, Thailand, Fiji, Japan, Ghana, Kenya, Myanmar, and Peru.
We continue to expand into new global markets, and this broad-based presence helps mitigate concentration risk while supporting sustained growth opportunities.
Specialty Ingredients Portfolio
A strong specialty ingredients portfolio enables pharmaceutical companies to offer differentiated, high-value products, including complex APIs, excipients, and advanced formulations.
It supports entry into niche, high-margin therapeutic segments with limited competition and stronger pricing power. These ingredients also enhance product efficacy, stability, and drug delivery.
Additionally, a diverse portfolio helps cater to varied market needs and supports geographic expansion. Overall, it strengthens competitive positioning and drives sustainable growth.
Government Policy Support
Government policy support drives growth for Speciality Medicines Ltd through initiatives like PLI schemes, domestic manufacturing push, and bulk drug parks, which reduce import dependency and improve cost efficiency.
Regulatory reforms and faster approvals support market expansion, while rising healthcare spending boosts demand. Export incentives and favorable trade policies further strengthen global growth.
Overall, these measures enhance competitiveness and support sustained profitability.
Fundraise/Future Plans
Shareholding
Pre-issue shareholding
Promoter Holding 0.0%
Documentation
- Overview
- Business
- Financial Highlights
- Industry Overview
- Fundraise/Future Plans
- Documentation

