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Emcure Pharma IPO is a book built issue of Rs 1,952.03 crores. The issue is a combination of fresh issue of 0.79 crore shares aggregating to Rs 800.00 crores and offer for sale of 1.14 crore shares aggregating to Rs 1,152.03 crores.
Emcure Pharma IPO bidding started from July 3, 2024 and ended on July 5, 2024. The allotment for Emcure Pharma IPO was finalized on Monday, July 8, 2024. The shares got listed on BSE, NSE on July 10, 2024.
Emcure Pharma IPO price band is set at ₹960 to ₹1008 per share. The minimum lot size for an application is 14 Shares. The minimum amount of investment required by retail investors is ₹14,112. The minimum lot size investment for sNII is 15 lots (210 shares), amounting to ₹211,680, and for bNII, it is 71 lots (994 shares), amounting to ₹1,001,952.
The issue includes a reservation of up to 108,900 shares for employees offered at a discount of Rs 90 to the issue price.
Kotak Mahindra Capital Company Limited, Axis Capital Limited, J.P. Morgan India Private Limited and Jefferies India Private Limited are the book running lead managers of the Emcure Pharma IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Emcure Pharma IPO RHP for detailed information.
IPO Date | July 3, 2024 to July 5, 2024 |
Listing Date | July 10, 2024 |
Face Value | ₹10 per share |
Price Band | ₹960 to ₹1008 per share |
Lot Size | 14 Shares |
Total Issue Size | 19,365,346 shares (aggregating up to ₹1,952.03 Cr) |
Fresh Issue | 7,936,507 shares (aggregating up to ₹800.00 Cr) |
Offer for Sale | 11,428,839 shares of ₹10 (aggregating up to ₹1,152.03 Cr) |
Employee Discount | Rs 90 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 180,852,116 |
Share holding post issue | 188,788,623 |
Emcure Pharma IPO offers 19,483,388 shares. 3,853,234 (19.78%) to QIB, 2,889,926 (14.83%) to NII, 6,743,160 (34.61%) to RII, 108,900 (0.56%) to employees and 5,779,850 (29.67%) to Anchor investors. 481,654 RIIs will receive minimum 14 shares and 4,587 (sNII) and 9,174 (bNII) will receive minimum 210 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | 5,779,850 (29.67%) | NA |
QIB Shares Offered | 3,853,234 (19.78%) | NA |
NII (HNI) Shares Offered | 2,889,926 (14.83%) | |
bNII > ₹10L | 1,926,618 (9.89%) | 9,174 |
sNII < ₹10L | 963,309 (4.94%) | 4,587 |
Retail Shares Offered | 6,743,160 (34.61%) | 481,654 |
Employee Shares Offered | 108,900 (0.56%) | NA |
Total Shares Offered | 19,483,388 (100%) |
Emcure Pharma IPO raises Rs 582.61 crore from anchor investors. Emcure Pharma IPO Anchor bid date is July 2, 2024. Emcure Pharma IPO Anchor Investors list
Bid Date | July 2, 2024 |
Shares Offered | 5,779,850 |
Anchor Portion Size (In Cr.) | 582.61 |
Anchor lock-in period end date for 50% shares (30 Days) | August 7, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | October 6, 2024 |
Emcure Pharma IPO opens on July 3, 2024, and closes on July 5, 2024.
IPO Open Date | Wednesday, July 3, 2024 |
IPO Close Date | Friday, July 5, 2024 |
Basis of Allotment | Monday, July 8, 2024 |
Initiation of Refunds | Tuesday, July 9, 2024 |
Credit of Shares to Demat | Tuesday, July 9, 2024 |
Listing Date | Wednesday, July 10, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on July 5, 2024 |
Investors can bid for a minimum of 14 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 14 | ₹14,112 |
Retail (Max) | 14 | 196 | ₹197,568 |
S-HNI (Min) | 15 | 210 | ₹211,680 |
S-HNI (Max) | 70 | 980 | ₹987,840 |
B-HNI (Min) | 71 | 994 | ₹1,001,952 |
Lot Size Calculator |
Satish Mehta and Sunil Mehta are the company promoters.
Share Holding Pre Issue | 98.90% |
Share Holding Post Issue | 78.24% |
Incorporated in 1981, Emcure Pharmaceuticals Limited, an Indian pharmaceutical company, develops, manufactures, and globally markets a wide range of pharmaceutical products across several major therapeutic areas.
The company 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.
In the six months ended September 30, 2023, and the Financial Year 2023, sales in India contributed 50.84% and 53.16% of the company's total revenue, respectively. The company's Domestic sales grew at a CAGR of 10.80% between September 2019 and September 2023, outperforming the Indian pharmaceutical market.
As of September 30, 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 Pharmaceuticals 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.
As of September 30, 2023, the company's marketing and distribution network in India was supported by over 5,000 field personnel who regularly interacted with healthcare providers. The distribution network included over 5,000 stockists, served by 37 carry-and-forward agents.
Emcure Pharmaceuticals Limited's revenue increased by 11.33% and profit after tax (PAT) dropped by -6.1% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 7,806.16 | 6,672.53 | 6,063.47 |
Revenue | 6,715.24 | 6,031.72 | 5,918.86 |
Profit After Tax | 527.58 | 561.85 | 702.56 |
Net Worth | 2,952.28 | 2,501.13 | 1,987.55 |
Reserves and Surplus | 2,722.40 | 2,293.77 | 1,791.03 |
Total Borrowing | 2,091.94 | 2,202.42 | 2,102.19 |
Amount in ₹ Crore |
The market capitalization of Emcure Pharma IPO is Rs 19029.89 Cr.
KPI | Values |
---|---|
ROE | 16.90% |
ROCE | 19.37% |
Debt/Equity | 0.67 |
RoNW | 16.87% |
P/BV | 6.18 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 29.17 | 27.95 |
P/E (x) | 34.55 | 36.07 |
[Dilip Davda] The company is one of the leading pharma company having niche products and serving global markets. It marked growth in its top lines, but bottom line posted declining trends due to higher interest and depreciation costs. Based on FY24 earnings, the issue appears fully priced. Reduction in debt post IPO will improved its bottom line commensurately. Investors may park funds for the medium to longer term. Read detail review...
The Emcure Pharma IPO is subscribed 67.87 times on July 5, 2024 6:20:06 PM. The public issue subscribed 7.36 times in the retail category, 191.24 times in the QIB category, and 49.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 191.24 |
NII | 49.32 |
bNII (bids above ₹10L) | 54.90 |
sNII (bids below ₹10L) | 38.16 |
Retail | 7.36 |
Employee | 8.81 |
Total | 67.87 |
Total Application : 2,845,226 (5.91 times)
Listing Date | July 10, 2024 |
BSE Script Code | 544210 |
NSE Symbol | EMCURE |
ISIN | INE168P01015 |
Final Issue Price | ₹1008 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹1,008.00 |
₹1,325.05 |
₹1,325.05 |
₹1,384.00 |
₹1,358.85 |
NSE |
---|
₹1,008.00 |
₹1,325.05 |
₹1,325.05 |
₹1,385.00 |
₹1,359.15 |
Emcure Pharmaceuticals Limited
Plot No. P-1 and P-2,
IT-BT Park, Phase II, M.I.D.C.,
Hinjawadi, Pune -411 057
Phone: +91 20 3507 0033
Email: investors@emcure.co.in
Website: https://www.emcure.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: emcure.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Emcure Pharma IPO is a main-board IPO of 19,365,346 equity shares of the face value of ₹10 aggregating up to ₹1,952.03 Crores. The issue is priced at ₹960 to ₹1008 per share. The minimum order quantity is 14 Shares.
The IPO opens on July 3, 2024, and closes on July 5, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Emcure Pharma IPO using UPI as a payment gateway. Zerodha customers can apply in Emcure Pharma IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Emcure Pharma IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Emcure Pharma IPO opens on July 3, 2024 and closes on July 5, 2024.
Emcure Pharma IPO lot size is 14 Shares, and the minimum amount required is ₹14,112.
You can apply in Emcure Pharma IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Emcure Pharma IPO will be done on Monday, July 8, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 9, 2024. Check the Emcure Pharma IPO allotment status.
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