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Listing ceremony of Emcure Pharmaceuticals shares on NSE.
Shares of Emcure Pharmaceuticals Limited and Bansal Wire Industries Limited have been listed on the stock exchange today. Shares of Emcure Pharmaceuticals were listed at ₹1,325.05 on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), which is 31.45% higher than the issue price of ₹1,008. After the day’s trading, shares of Emcure Pharmaceuticals closed at Rs 1358.85 with a gain of 2.55%.
At the same time, shares of Bansal Wire Industries were listed on NSE at ₹356, 39.06% above the issue price. Along with this, its share was listed on NSE at ₹ 352.05 with a premium of 37.52%. The issue price of Bansal Wire was ₹256. After the day’s trading, Bansal Wire shares closed at Rs 350.30 with a decline of 0.50%.
Emcure was subscribed 67.87 times and Bansal Wire was subscribed 62.76 times.
Emcure Pharmaceuticals’ IPO was subscribed a total of 67.87 times in three days. The issue was subscribed 7.36 times in the retail category, 191.24 times in the Qualified Institutional Buyers (QIB) category and 49.32 times in the Non-Institutional Investors (NII) category.
At the same time, the IPO of Bansal Wire Industries was subscribed a total of 62.76 times in three days. This issue was subscribed 14.37 times in retail category, 153.86 times in QIB and 54.21 times in NII category. The initial public offer (IPO) of both the companies was opened from July 3 to July 5.
Emcure Pharmaceuticals’ issue was worth ₹1,952.03 crore.
This issue total of Emcure Pharmaceuticals Limited was ₹ 1,952.03 crore. For this, the company has issued 7,936,507 new shares worth ₹800 crore. At the same time, the existing investors of the company sold 11,428,839 shares worth ₹ 1,152.03 through Offer for Sale i.e. OFS.
Bansal Wire Industries’ issue was worth ₹745 crore.
This issue total of Bansal Wire Industries Limited was ₹ 745 crore. For this, the company issued 29,101,562 new shares worth ₹745 crore. The existing investors of the company did not sell a single share through the offer for sale.
Retail investors could bid for 196 shares in Emcure Pharmaceuticals
Emcure Pharmaceuticals Limited had fixed the IPO price band at ₹960-₹1008. Retail investors could bid for a minimum of one lot i.e. 14 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 1008, then you would have to invest ₹ 14,112.
At the same time, retail investors could apply for a maximum of 13 lots i.e. 196 shares. For this, investors could invest ₹ 197,568 according to the upper price band.
Retail investors could bid for 754 shares in Bansal Wire
Bansal Wire Industries Limited had fixed the IPO price band at ₹243-₹256. Retail investors could bid for a minimum of one lot i.e. 58 shares. If you had applied for 1 lot at the upper price band of IPO of ₹ 256, you would have had to invest ₹ 14,848.
At the same time, retail investors could apply for a maximum of 13 lots i.e. 754 shares. For this, investors could invest ₹ 193,024 according to the upper price band.
Emcure Pharmaceuticals was established in 1981
Emcure Pharmaceuticals is an Indian pharmaceutical company, which was established in 1981. Along with manufacturing medicines and marketing them at the global level, the company also does research.
Emcure Pharmaceuticals has 13 manufacturing facilities in India. These facilities can produce a variety of pharmaceutical and biopharmaceutical products, including tablets, liquid substances, and injections.
Bansal Wire Industries was established in 1985
Bansal Wire Industries Limited is a stainless steel wire manufacturing company, established in December 1985. The company manufactures more than 3,000 types of steel wire products, ranging in size from very thin to very thick. Along with selling its products in the country, the company also exports its products to more than 50 countries.
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
