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  • By Goodwill
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  • July 1, 2024

IPO : Emcure Pharmaceuticals Limited

Emcure Pharmaceuticals Limited IPO

 SYMBOL EMCURE
 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON Wednesday, July 3, 2024
 ISSUE CLOSES ON Friday, July 5, 2024
 ISSUE PRICE ₹960 to ₹1008 per share
 ISSUE SIZE Up to Rs.1,952.03 Crores
 FACE VALUE Rs.10 per share

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.

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Emcure Pharma IPO opens for subscription on July 3, 2024 and closes on July 5, 2024. The allotment for the Emcure Pharma IPO is expected to be finalized on Monday, July 8, 2024. Emcure Pharma IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, July 10, 2024.

 MINIMUM BID 14 shares
 MINIMUM AMOUNT  Rs.14,112
 MAXIMUM BID 196 shares
 MAXIMUM AMOUNT  Rs.197,568
 LISTING DATE Wednesday, July 10, 2024
 LISTING AT NSE-BSE

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.

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
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