EMCURE PHARMACEUTICALS LIMITED

03 Jul 2024 - 05 Jul 2024 Individual Category Main Board BSE NSE

Min Investment

₹26880

Price Band

₹960-₹1008

Issue Size

137.04 lakhs
Equity Shares

Lot Size

14 (per lot)

IPO Dates
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03 Jul 2024

Open Date

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05 Jul 2024

Close Date

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08 Jul 2024

Allotment Date

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10 Aug 2024

Listing Date

Emcure Pharma IPO is open for subscription starting Wednesday, July 3, 2024, and closing on Friday, July 5, 2024. The price is decided at Rs 960 to Rs 1008 per share. The minimum lot size for the retail category is 14 shares. The minimum lot size for small NII is 15 lots consisting of 210 shares. Meanwhile, the minimum lot for big non-institutional investors is 71 lots with 994 shares. The minimum investment required for retail category investors is Rs 14,112 (1008 x 14 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,11,680 (1008 x 210 shares); for big non-institutional investors, it is Rs 10,01,952 (1008 x 994 shares). Emcure Pharma IPO is a book-built issue of Rs 1952.03 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of 0.79 crore equity shares amounting to Rs 800 crores and OFS is of 1.14 crore equity shares amounting to Rs 1,152.03 crores. The allotment for this IPO is expected to be finalised on Monday, July 8, 2024. Emcure Pharma Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, July 10, 2024. The book-running lead managers of Emcure Pharma Limited are Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, J.P. Morgan India Private Ltd and Jefferies India Private Limited. The registrar for this new IPO is Link Intime India Private Limited.

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About Emcure Pharmaceuticals Limited

Emcure Pharmaceuticals Limited incorporated in 1981, is an Indian pharmaceutical company that develops and manufactures a wide range of pharma products across several major therapeutic areas. The company has 13 manufacturing facilities in India. These facilities can produce various pharmaceutical and biopharmaceutical products, including pills, liquids, injectables, and complex ingredients such as chiral molecules, iron molecules, and cytotoxic substances. Emcure has been ranked 13th in domestic sales among pharmaceutical companies in India for MAT September 2023 and 4th in market share in its covered markets for the same period. Additionally, it is the leading pharmaceutical company in gynaecology and HIV antiviral therapeutic areas for the MAT September 2023. Emcure Pharma employed 552 scientists and operated five research facilities in India. They filed over 1,800 documents globally, including 204 in the EU and 133 in Canada. They had 201 granted patents, 33 pending patent applications, and submitted 102 drug master files. Emcure’s marketing and distribution network in India was supported by over 5,000 field personnel who regularly interact with healthcare providers. 

Founded

1981

Managing Director

Satish Mehta

Parent Organization

IPO Objectives

The amount received from this IPO will be used to repay or prepay certain loans availed by the company, meet the day-to-day capital needs, and for general corporate purposes. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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