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Home IPOs Goldline Pharmaceutical Ltd.
GO
Goldline Pharmaceutical Ltd.
CLOSED BSE SME Bookbuilding IPO Fresh capital only
GREY MARKET PREMIUM
₹ + 26
+60% expected return
EST. LISTING PRICE
₹69
Issue Price: ₹ 43
Issue Price
₹43
Face Value
₹10
Lot Size
3,000 shares
Open Date
12 May 2026
Close Date
14 May 2026
Allotment
15 May 2026
Listing Date
19 May 2026
Exchange
BSE SME
About the Company

Goldline Pharmaceuticals is engaged in the business of marketing pharmaceutical products under the brand name “Goldline.” Its product range is divided into five segments:

  1. Goldline Pharma: This category includes 42 products to cater to specialties like Physicians, Orthopedics, ENT, Chest Physicians, General and Specialty Surgery, Gastroenterology, Neurology, and Urology.
  2. Goldline Cardinal: This category offers 54 products tailored for the Specialty division, serving medical fields such as Physicians, Diabetologists, Endocrinologists, Cardiologists, and General Physicians.
  3. Goldline Aayushman: This category comprises 18 products designed for the Specialty division, catering to medical fields such as Pediatricians, Child Specialists, Neonatologists, and General Practitioners.
  4. Goldline InLife: This category includes 22 products tailored for the Specialty division, serving Intensivists, Critical Care Consultants, Super Specialty Surgeons, and Physicians.
  5. Goldline Wellness: This category includes 10 products tailored Supportive care plays a crucial role in cancer therapy.

The company do not manufacture products, it partner with third-party manufacturers who produce the medicines based on its market research and product specifications, ensuring quality and compliance with regulations.

All products are marketed and sold under the Goldline brand through our network of distributors, who supply to retailers and wholesalers. The company currently works with 15 manufacturers and 7 distributors, and it also support hospitals and healthcare providers with procurement and material supply.

The company sells products across the states of Maharashtra, Madhya Pradesh, Odisha, Jharkhand, Tamil Nadu, Rajasthan, and Bihar.

Competitive Strengths:

  • Experienced Promoters and Management Team with Industry Knowledge and a Track Record
  • Asset-light Business Model and Competitive Products
  • Scalable Business Model
  • Wide and Diverse Range of Product Offerings
  • Strong Supplier and Vendor Relationships
  • Established Distribution Network
Objects of the Issue
Purpose Amount (₹ Cr)
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company ₹9
General corporate purposes
Lead Managers
Cumulative Capital Pvt.Ltd
Financial Summary Amount in ₹ Crore
Metric 31 Mar 2025 31 Mar 2024 31 Mar 2023
Total Assets 26 23 19
Revenue 28 24 20
PAT 3 2 0
EBITDA 6 4 2
Net Worth 10 8 6
Reserves 2 4 2
Total Borrowing 11 11 11
Key Financial Ratios
ROE
36
ROCE
38
RONW
27
PAT Margin
10
EBITDA Margin
21
Debt/Equity
2
P/BV
Issue Details
Total Shares Offered
2,562,000
Reserved for Market Maker
138,000 shares (agg. up to ₹1 Cr)
Net Offer to Public
2,562,000 shares (agg. up to ₹11 Cr)
Pre-Issue Shareholding
6,900,000 shares
Post-Issue Shareholding
9,600,000 shares
Script Code
-
UPI Mandate
IPO Analytics Dashboard
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IPO Insights
📊
Valuation
Moderate
IPO Strength Score
4 / 10 Moderate
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For Amt (Cr)*
🏦 QIB 76.99 1,272,000 97,929,000 ₹547 Cr
💼 NII / HNI 1,664.45 390,000 649,134,000 ₹168 Cr
👤 Retail (RII) 874.20 900,000 786,780,000 ₹387 Cr
📊 Market Maker 138,000 ₹1 Cr
Σ Total 598.69 2,562,000 1,533,843,000 ₹1,102 Cr

* Amount calculated at upper price band (₹43) ·  ** Total includes all investor categories

Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 2
Shares / Lot 6,000
Min. Investment ₹258,000
💼 HNI Investors ?
Min. Lots 3
Min. Shares 9,000
Min. Investment ₹387,000
IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 18 May 2026
  2. 2 📂 Credit of Shares to Demat 18 May 2026
Investor Interpretation
  • Detailed subscription data will appear once the IPO opens.

This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.

STOCK PRICE HISTORY  ·  NSE
Issue Price: ₹ 43  ·  Symbol:
H
L
O
Company Info
📍 103, F-1, Leela Apartment, Shilpa HSG Society, Near Saptagiri Nagar, Shanidham, Narendra Nagar, Nagpur, Maharashtra, 440015
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