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Emcure Pharmaceuticals Limited IPO (Emcure Pharma IPO) Detail

July 3, 2024 - July 5, 2024

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.

Emcure Pharma IPO Details

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 Size19,365,346 shares
(aggregating up to ₹1,952.03 Cr)
Fresh Issue7,936,507 shares
(aggregating up to ₹800.00 Cr)
Offer for Sale11,428,839 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 issue180,852,116
Share holding post issue188,788,623

Emcure Pharma IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered5,779,850 (29.67%)NA
QIB Shares Offered3,853,234 (19.78%)NA
NII (HNI) Shares Offered2,889,926 (14.83%)
  bNII > ₹10L1,926,618 (9.89%)9,174
  sNII < ₹10L963,309 (4.94%)4,587
Retail Shares Offered6,743,160 (34.61%)481,654
Employee Shares Offered108,900 (0.56%)NA
Total Shares Offered19,483,388 (100%)

Emcure Pharma IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Emcure Pharma IPO Lot Size

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

Emcure Pharma IPO Promoter Holding

Satish Mehta and Sunil Mehta are the company promoters.

Share Holding Pre Issue 98.90%
Share Holding Post Issue 78.24%

About Emcure Pharmaceuticals Limited

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 Financial Information (Restated Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets7,806.166,672.536,063.47
Revenue6,715.246,031.725,918.86
Profit After Tax527.58561.85702.56
Net Worth2,952.282,501.131,987.55
Reserves and Surplus2,722.402,293.771,791.03
Total Borrowing2,091.942,202.422,102.19
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Emcure Pharma IPO is Rs 19029.89 Cr.

KPI Values
ROE16.90%
ROCE19.37%
Debt/Equity0.67
RoNW16.87%
P/BV6.18
Pre IPO Post IPO
EPS (Rs) 29.1727.95
P/E (x) 34.5536.07
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Emcure Pharma IPO Objectives)

The Company proposes to utilise the Net Proceeds towards funding the following objects:
  • Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the company; and
  • General corporate purposes

Emcure Pharma IPO Review (Apply)

[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...


Emcure Pharma IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB191.24
NII49.32
    bNII (bids above ₹10L)54.90
    sNII (bids below ₹10L)38.16
Retail7.36
Employee8.81
Total67.87

Total Application : 2,845,226 (5.91 times)

Emcure Pharma IPO Prospectus

Emcure Pharma IPO Rating

7
4.3
Rating:Rated 4.3 stars
Vote Here ...

Emcure Pharma IPO Listing Details

Listing Date July 10, 2024
BSE Script Code 544210
NSE Symbol EMCURE
ISIN INE168P01015
Final Issue Price ₹1008 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

Emcure Pharmaceuticals Limited Contact Details

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/

Emcure Pharma IPO Registrar

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 FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Emcure Pharma IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Emcure Pharma IPO listing date is on July 10, 2024.
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Emcure Pharma IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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1981 Comments

640. IPO Govindan |   Link |  Bookmark |August 1, 2024 5:37:59 PM
Emcure Bouncing back slowly.
639. Neralakatte |   Link |  Bookmark |July 29, 2024 1:33:37 PM
Hold or sell ??
638. Chhote Lal |   Link |  Bookmark |July 27, 2024 5:35:16 PM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
@Admin @ Chittorgarh.com Under stock price info, 52W low price has not been updated. It has gone below Rs 1287 whereas CG's data shows Rs 1325.05
Kindly arrange make necessary correction.

638.1. Chhote Lal |   Link |  Bookmark |July 29, 2024 1:31:14 PM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
@Admin @ Chittorgarh.com @Prachi @ Team Chittorgarh.com Kindly correct the data, it is still showing old/wrong one and has not been updated
637. Optiplex |   Link |  Bookmark |July 24, 2024 9:50:12 PM
How to open axis joint a/c in which both a/c holders can apply IPO?
637.1. Chhote Lal |   Link |  Bookmark |July 27, 2024 7:00:04 AM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
Check with the Bank, if they issue separate IDs for each of joint account holder linked to respective PAN - it is all good.
636. I know you welll |   Link |  Bookmark |July 23, 2024 11:49:03 PM
Should we hold or sell
636.1. Chhote Lal |   Link |  Bookmark |July 28, 2024 9:17:57 PM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
Nice question 😊
One needs to find the answer all by oneself, though.

635. HumorHedge |   Link |  Bookmark |July 23, 2024 9:48:16 AM (200+ Posts)
Today also falling like crazy. Budget me aisa kya ho sakta jo isko effect karegi? Abse first 2 days me hi bech dena hai, 1 month wait karke koi fayda nahi, most can't even beat listing price. Wait karna hai toh 2 months is minimum, uske pehele patience check hoti hai.
635.1. HumorHedge |   Link |  Bookmark |July 23, 2024 11:02:04 AM (200+ Posts)
Irony is easemytrip is one of the topgainers today, so industry wise toh koi issue nahi dikh raha.
635.2. RajaTN |   Link |  Bookmark |July 23, 2024 2:52:57 PM
@HumorHedge bhai i am stuck with this easemytrip share, waiting to reach atleast 50... did a wrong entry due to calls.
634. Seth. |   Link |  Bookmark |July 22, 2024 11:19:03 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Emcure Pharmaceuticals LTD :
A Detailed Analysis✨

🟩Introduction🟩

Emcure Pharmaceuticals Limited is an Indian multinational pharmaceutical company headquartered in Pune, India. Founded in 1981

🟩Key Points 🟩

1️⃣Emcure Develops, Manufactures & Markets a wide range of

(1/17)
formulations and APIs, with a Diverse portfolio of orals, injectables, and biotherapeutics
pharmaceutical products across several major therapeutic areas as Below with detailed Revenue share :

Gynecology 24.09%
Cardiovascular 15.7%
Anti-infectives 10.97%

(2/17)
Vitamins & Nutri. 8.97%
HIV antivirals 6.85%
Respiratory 6.35%
Gastrointestinal 6.35%
Pain & analgesics 5.48%
Blood-related 3.84%
Oncology 4.46%
& Other

2️⃣ Worldwide/Global presence :
The company's products reach

(3/17)
over 70 countries worldwide including India

🟩Geographical Revenue Bifurcation :

India 48.28%,
Europe 21.38%
North America 13.94%
Others 16.4%

Thus 50% in India and 50% International Revenue which is Good Mix of geographical business

(4/17)
3️⃣Market Leadership :

Emcure is ranked 13th in domestic sales and 4️⃣th Largest in its covered Market for FY24.

It is the "Largest pharmaceutical" company in the
"Gynecology and HIV antivirals" therapeutic areas in terms of domestic sales for MAT FY2024

(5/17)
4️⃣ Strong R&D :

Emcure has 548 scientists and 5 R&D facilities in India,

with over 1,800 global dossiers filed including 209 in the EU and 142 in Canada &
"220 patents granted"

5️⃣ Extensive Distribution Network:

Emcure's distribution network is supported by over 5,000

(6/17)
Personnel regularly interacting with healthcare providers to promote its products.

6️⃣ Strategic Acquisitions:

Emcure has made Many Fruitful strategic acquisitions as Follows :

In 2023 Acquired
Mantra Pharma Inc to expand its global presence and product portfolio.

(7/17)
In 2016 Acquired
Bhardwaj Pharma GmbH (now known as Tillomed Pharma GmbH

In 2015 Acquired
Marcan Pharmaceuticals Inc. Canada

7️⃣ Financial Performance :

Emcure has shown consistent growth in its financial performance over the past few years.
In FY24 company reported

(8/17)
Revenue of ₹6,715 cr and PAT of ₹528 cr. The company's net profit margin was 8%.

8️⃣ IPO :
Fresh issue proceeds of 800 cr Will be used for :

📌 Debt repayment of 600 cr Which will Reduce D/E & Intrest cost

📌 Rest 200 cr will be used

(9/17)
for working capital to add 1000 new sales personnel for more Revenue growth and
Other operations of company

9️⃣
Capacity Addition :
Emcure have total 1️⃣3️⃣ Manufacturing facilities and

They added 4️⃣ new manufacturing facilities in past some years using debt

(10/17)
that's why Emcure having debt right now but it will eventually reduce

Company never delayed to repay debt on time that's why it has "high safety grade" ratings of AA Stable from rating agency

They have enough Capacity to Meet Growing demand and Generate more Revenue

(11/17)
1️⃣0️⃣
Emcure & Sanofi Partnership :

📌
High-Margin Products:
The deal involves collaboration on cardiology products, which typically have higher margins than Emcure's current product portfolio. This can boost Emcure's profitability.

📌
Market Access and Brand Boost :

(12/17)
Sanofi is a major pharmaceutical player globally. Partnering with them can give Emcure access to Sanofi's distribution network and brand reputation, potentially increasing Emcure's sales in India and abroad.

💠🔷Investment Highlights🔷💠

(13/17)
1️⃣ Experienced and Qualified Promoters :

Namita Thapar who is a visionary leader with a clear focus on growth & Innovations , handling the woman care department and she is focused to improvise the healthcare of women population of our country which has immense potential

(14/17)
To Grow with growing GDP and income per capita of Indian economy.
She is handling domestic oparations of Emcure

Satish Mehta Who is handling Overseas Business , is a qualified and experienced entrepreneur with a proven track record in the pharmaceutical industry.

(15/17)
2️⃣ Strong Brand Recognition

3️⃣ Diversified Product Portfolio

4️⃣ Expanding Global Presence through strategic acquisitions and partnerships

5️⃣ Strong R&D Capabilities

(16/17)
📌
This analysis derived from RHP & Public domain information and its only for informational purposes on Emcure , I'm not SEBI registered personnel,
Please consult with your Financial Advisor and do your due diligence before Act
Disclosure : Holding.

Thanks For Reading 🙏

(17/17)
633. PBPatel |   Link |  Bookmark |July 22, 2024 1:40:32 PM
I have 9 lots
what should i do ?
It is showing some weakness now it is below its first days low
633.1. RajaTN |   Link |  Bookmark |July 23, 2024 2:59:47 PM
lets see tomorrow
632. Future Millionaire |   Link |  Bookmark |July 22, 2024 12:27:41 PM
SL kya rhega?
631. Future Millionaire |   Link |  Bookmark |July 22, 2024 11:35:34 AM
Why there is too much illiquidity in Emcure ??
631.1. RajaTN |   Link |  Bookmark |July 22, 2024 12:11:08 PM
Not only emcure, hold tight.
630. Vbhav |   Link |  Bookmark |July 16, 2024 9:22:30 PM (200+ Posts)
@Seth. One of my relative strongly believe it will touch 2000....

He is holding 4 bhni lot of ireda x 32/- . That makes me strongly follow him.
629. Seth. |   Link |  Bookmark |July 16, 2024 2:37:56 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Today and yesterday big buyers tried to Move up above 1400⏫

But weak hands still have some quantity left and selling it

In my view , It should take 1-2 week to absorb it slowly and then it will fly subject to same stable market condition.👍
Dis : holding significant Quantity
629.7. Cautious ProPrio |   Link |  Bookmark |July 23, 2024 7:18:12 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Seems heading towards 993 ????
629.8. Seth. |   Link |  Bookmark |July 23, 2024 10:18:28 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
@Cyberdude Yes holding it and posted notes here.
Holding for 12 months period will analyse upcoming quarterly results
628. buddhuannu |   Link |  Bookmark |July 16, 2024 4:59:55 PM
Respected Sir,
I am an engineering student, I got one lot. My present income is 0, if I sell the shares should I file ITR or any tax would be there to me?
If possible guide me to resources so that I can learn all about finance!!

Thank you
628.5. Chhote Lal |   Link |  Bookmark |July 21, 2024 9:57:11 PM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
@buddhuannu You are welcome. And probably you should consider change display name to something like smartannu 😊
628.6. Chhote Lal |   Link |  Bookmark |July 25, 2024 7:27:03 AM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
@smartannu Nice to see this ID 😊👍
627. risingsun |   Link |  Bookmark |July 15, 2024 2:26:35 PM (200+ Posts)
1408 high, thoda down karke chhote retailers ke pas se maal daba liya big retailers ne, hold karo is month me 1500 tak jarur jayega
627.3. shri kishan meena |   Link |  Bookmark |July 15, 2024 2:53:23 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@NEW INVEST₹ Bhai woh aaj jaldi bazi me aaj 1400 se above aaya tab use yaad aayi ki me ghr se kuch doze lena bhul gya toh woh upis aa gya aab kal jayega upis
627.4. Crow |   Link |  Bookmark |July 15, 2024 3:01:38 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
Expecting same. 1512 hit hi jayega.
626. HumorHedge |   Link |  Bookmark |July 15, 2024 12:08:23 PM (200+ Posts)
Ab 1325 cross nahi karega na? Kitna achha stable tha, humne gaali deke iska stableness hata di.
625. Kailash sharma |   Link |  Bookmark |July 14, 2024 3:36:35 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
@Dharmendra sharma should hold Bansal wire atleast 6 months doubling candidate.
624. Harsh Newguru |   Link |  Bookmark |July 12, 2024 8:38:30 PM
IPO Mentor IPO Mentor (900+ Posts, 200+ Likes)
Rate this photo and comment ur views and target

623. shri kishan meena |   Link |  Bookmark |July 12, 2024 12:22:04 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Chhote Lal @MuStrFc @diwan kapoor  and other members my amount is blocked also not submitted on exchange also mail dropped registar and sbi bank . any mebmers whom was blocked amount and not unblocked amount yet anyone knows what is processing to SEBI complaint??
623.5. shri kishan meena |   Link |  Bookmark |July 12, 2024 4:09:26 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
I lodged complaint
623.6. Chhote Lal |   Link |  Bookmark |July 12, 2024 4:21:55 PM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
Let's hope it gets tesolved. Unblocking of funds is certain but any compensation you get is to be seen. Good Luck 🤞
622. CB☺ |   Link |  Bookmark |July 12, 2024 3:08:00 PM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
Wow what a confidence building chart. Just like our heartbeat...stable and in range. Products can be trusted😁👍
621. GrayIsTheNewBlack |   Link |  Bookmark |July 12, 2024 11:46:46 AM
IPO Guru IPO Guru (2700+ Posts, 1700+ Likes)
Emcure to 1360/1361

621.1. Chhote Lal |   Link |  Bookmark |July 12, 2024 12:48:37 PM
IPO Mentor IPO Mentor (5700+ Posts, 3900+ Likes)
@GrayIsTheNewBlack But now it is showing some strength. Touched 1372 and presently at 1365 😊