Emcure Pharmaceuticals Limited IPO: The IPO of Emcure Pharmaceuticals is going to open. The IPO of the company is going to open on 3 July 2024. The size of this IPO is Rs 1952.03 crore. The company will issue 0.79 crore shares through IPO. At the same time, 1.14 crore shares will be issued under Offer for Sale. Let us tell you, Namita Thapar, judge in Shark Tank India, is the CEO of Emcure Pharmaceuticals.
Company is giving dividend of Rs 685 on 1 share, record date next week
IPO will remain open till July 5
The IPO of Emcure Pharmaceuticals will be open for retail investors from July 3 to July 5. Investors betting on the company’s IPO will be allotted shares on July 8. At the same time, listing of the company in BSE and NSE is proposed on July 10.
What is the price? (Emcure Pharma IPO Price Band)
The price band of Emcure Pharmaceuticals IPO was Rs 960-Rs 1008 per share. The lot size of the company’s IPO was 14 shares. Because of which any investor will have to place a bet of at least Rs 14,112. The market cap of this company is Rs 19029.89 crore. Let us tell you, the employees of the company will get a discount of Rs 90 on each share.
The gray market went crazy (Emcure Pharma IPO GMP Today)
According to the report of Investors Gain, the company was trading at a premium of Rs 264 in the gray market today. The company may be listed at a premium of 26.19 percent. If this happens then the stock can be listed in the stock market at Rs 1272.
Maximum 50 percent of the IPO will be reserved for qualified institutional buyers. At the same time, there will be at least 35 percent reserve for retail investors. Let us tell you, before the IPO, the promoters held 98.90 percent stake. The company’s profit during the last financial year was Rs 527.58 crore.
