Emcure Pharmaceuticals Limited IPO: Comprehensive Guide and Analysis
Introduction
Emcure Pharmaceuticals Limited is set to launch its Initial Public Offering (IPO) on July 3, 2024, with a goal of raising up to ₹1,952.03 crores. This blog provides an in-depth analysis of the IPO, covering the company's background, financial performance, and key IPO details.
Company Overview
Founded in 1981, Emcure Pharmaceuticals Limited is a leading pharmaceutical company in India. The company produces a wide range of pharmaceutical products, including injectables, tablets, capsules, and biologics, and exports to over 70 countries globally.
Emcure Pharmaceuticals IPO Timeline
The IPO timeline for Emcure Pharmaceuticals Limited is as follows:
- 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
IPO Details
- IPO Dates: 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: ₹90 per share
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
Emcure Pharmaceuticals Limited Financial Performance
Emcure Pharmaceuticals Limited has shown consistent financial growth over recent years. Here’s a summary of their financial performance, ensuring originality:
Financial Data (₹ in crore)
| Financial Year Ending |
March 31, 2024 |
March 31, 2023 |
March 31, 2022 |
| Total Assets |
7,806.16 |
6,672.53 |
6,063.47 |
| Total Revenue |
6,715.24 |
6,031.72 |
5,918.86 |
| Net Profit |
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 Liabilities |
2,091.94 |
2,202.42 |
2,102.19 |
Key Strengths
- Extensive Product Range: Emcure offers a diverse range of pharmaceutical products catering to various therapeutic segments.
- Strong Market Presence: The company has a significant presence in both domestic and international markets.
- Innovative R&D: Emcure invests heavily in research and development, fostering innovation and new product launches.
Risks and Challenges
- Regulatory Risks: The pharmaceutical industry is highly regulated, and changes in regulations can impact operations.
- Market Competition: Emcure faces intense competition from both domestic and international pharmaceutical companies.
- Price Fluctuations: Variations in the prices of raw materials can affect profit margins.
Use of IPO Proceeds
The funds raised from the IPO will be utilized for:
- Expansion Plans: Expanding manufacturing capacities and enhancing product offerings.
- Debt Repayment: Reducing existing debt and improving financial leverage.
- General Corporate Purposes: Meeting general corporate requirements.
Emcure Pharmaceuticals IPO GMP & Subscription Stats
Stay updated with the latest information on the Emcure Pharmaceuticals Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening.
Grey Market Premium (GMP)
| Date |
GMP (₹) |
| Today |
370 |
| 05 July |
350 |
| 04 July |
330 |
| 03 July |
295 |
| 02 July |
285 |
| 01 July |
260 |
| 30 June |
300 |
Subscription Status
| Date |
QIBs |
NIIs |
Retail Investors |
Total Subscription |
| July 3, 2024 |
0.00 |
0.43 |
0.42 |
0.31 |
| July 4, 2024 |
1.17 |
18.86 |
4.06 |
6.35 |
| July 5, 2024 |
191.24 |
49.32 |
7.36 |
67.87 |
This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions. Keep an eye on this space for real-time updates!
How to Apply
Investors can apply for the Emcure Pharmaceuticals Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.
Conclusion
The Emcure Pharmaceuticals Limited IPO presents a promising opportunity for investors, given the company’s strong market presence, diverse product range, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.
For more details, refer to the DRHP of Emcure Pharmaceuticals Limited.
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