Akums Drugs and Pharmaceuticals Limited

IPO Details

Akums Drugs and Pharmaceuticals is open for subscription from Tuesday, July 30, 2024, and closing on Thursday, August 1, 2024. The price band for this IPO is set to Rs 646 – Rs 679 per share.  Akums Drugs and Pharmaceuticals is a 100% book-built public issue. The company is offering a fresh issue of 10.01 crore of equity shares amounting up to Rs 680 crore and an offer for sale of 1.73 crore of equity shares amounting up to Rs 1,262.83 crore, this aggregates to total size of 2.73 crore of equity shares amounting up to Rs 1,856.74 crore. The allotment for this new IPO is expected to be finalised on Friday, August 2, 2024. This IPO will be listed on the NSE and BSE exchanges on Tuesday, August 6, 2024. The minimum and maximum lot size set for the retail category is 1 lot, i.e., 22 shares and 13 lots, i.e., 286 shares, respectively. For retail investors, the minimum and maximum investment amount required is Rs 14,938 and Rs 1,94,194, respectively. The IPO is managed by ICICI Securities Limited, Axis Bank Limited, Citigroup Global Markets India Private Limited and Ambit Private Limited, which are the lead managers. The company has appointed Link Intime India Private Limited as the registrar for the issue.