Namita Thapar's Emcure Pharmaceuticals IPO opens today: All you need to know

Emcure IPO: The price range of the IPO is ₹960-1,008 per share and investors can bid for 14 shares in one lot.

Updated on: Jul 3, 2024, 08:51:17 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The initial public offering (IPO) of Emcure Pharmaceuticals opens for subscription today (July 3). Ahead of the issue, the company's shares were trading at a premium of ₹265 in the unlisted market. Here are the top things you need to know about Emcure IPO before subscribing:

Namita Thapar is one of the sharks on Shark Tank India.

The IPO includes fresh issue of equity shares worth ₹800 crore and an Offer For Sale (OFS) of 1.14 crore equity shares by promoters and existing shareholders.
The price range of the IPO is ₹960-1,008 per share and investors can bid for 14 shares in one lot.
At the upper end of the range, the company aims to raise ₹1,952 crore through the issue. Read more: Namita Thapar may gain ₹127 crore in Emcure Pharma IPO
Investors reducing their stakes under the Offer For Sale (OFS) include Namita Thapar and Satish Mehta, as well as BC Investments IV Ltd.
Shark Tank fame Namita Thapar will reportedly earn around ₹127 crore through the IPO.
Namita Thapar will offload a partial stake of about 12.68 lakh shares under the OFS component.
Net proceeds from the IPO will be utilised by the company for debt repayment and general corporate purposes. Read more: Watch| Shark Tank India's Namita Thapar on period problems: ‘Tough phase…’
The company is headquartered in Pune and is involved in the development, manufacturing and global marketing of a diverse range of pharmaceutical products.
In FY24, the company's revenue from operations grew 11% year-on-year (YoY) to ₹6,658 crore from ₹5,985 crore in the preceding financial year.
Kotak Mahindra Capital Company, Jefferies India, Axis Capital and JPMorgan India are the book-running lead managers to the issue.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator