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Emcure Pharmaceuticals Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹1,008
Per Share
GMP
NIL
Grey Market
Est. Listing
₹1,008
Expected Price
Min. Application
₹28,224
2 lots × 14 shares
IPO Issue Details
Issue Price / Price Band₹1,008 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size14 Shares per Lot
Total Issue Size1,93,75,070 shares (aggregating up to ₹1,952.03 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 03 Jul 2024
Subscription CloseFri, 05 Jul 2024
Anchor AllotmentTue, 02 Jul 2024
Basis of AllotmentMon, 08 Jul 2024
Initiation of RefundsTue, 09 Jul 2024
Credit of Shares to DematTue, 09 Jul 2024
Listing DateWed, 10 Jul 2024
UPI Mandate Deadline2024-07-05
Application & Investment Details
Retail — Min (1 Lots)₹14,112 — 14 shares
Retail — Max (13 Lots)₹183,456 (13 Lots)
HNI — Min (15 Lots)₹2,11,680 — 210 shares
EPS (Pre-IPO)₹29.17
EPS (Post-IPO)₹27.95
P/E Ratio (Pre-IPO)34.55x
P/E Ratio (Post-IPO)36.07x
Pre-IPO Promoter Holding18,08,52,116 shares
Post-IPO Promoter Holding18,87,88,623 shares
Fresh Issue Shares79,46,231 shares (aggregating up to ₹800.58 Cr)
Offer for Sale Shares1,14,28,839 shares of ₹10 (aggregating up to ₹1,151.45 Cr)
About Emcure Pharmaceuticals Ltd.

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.

Objects of the Issue

Emcure Pharmaceuticals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the company; and
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 18,08,52,116 shares
Post-IPO Promoter Holding 18,87,88,623 shares
Lock-in Period (30%)August 7, 2024
Lock-in Period (50%)October 6, 2024
Check AllotmentCheck Status →
Emcure Pharmaceuticals Ltd. — Live Price LIVE
₹1,008.00
INR · BSE
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Issue ₹1,008.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹1,008
GMPNIL
Est. Listing₹1,008
Lot Size14 shares
Min Amount₹28,224
Listing Date10 Jul 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹1,008
Listing Date10 Jul 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 19,375,070 100.00% ₹1,953.01 Cr
* Based on ₹1,008.00 (upper price band)
Lot Size & Investment Details
Lot Size
14
Shares
Issue Price
₹1,008.00
Per Share
Min Investment
₹14,112
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 14 ₹14,112
Retail (Max) 13 182 ₹183,456
sNII (Min) 15 210 ₹211,680
bNII (Min) 71 994 ₹1,001,952
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 6715.24 6031.72 5918.86
EBITDA N/A N/A N/A
Profit After Tax (PAT) 527.58 561.85 702.56
Net Worth 2952.28 2501.13 1987.55
Total Assets 7806.16 6672.53 6063.47
Reserves & Surplus 2722.40 2293.77 1791.03
Total Borrowings 2091.94 2202.42 2102.19
Key Ratios & Valuation
Issue Price ₹1,008
Face Value ₹10 Per Share
P/BV 6.18
RoE 16.90%
RoCE 9.37%
RoNW 16.87%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 0.67
Company Details
Company
Emcure Pharmaceuticals Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No. P-1 and P-2, IT-BT Park, Phase II, M.I.D.C., Hinjawadi, Pune -411 057 Pune, Maharashtra
Book Running Lead Managers
Kotak Mahindra Capital Co.Ltd.
Book Running Lead Manager (BRLM)
Axis Capital Ltd.
Book Running Lead Manager (BRLM)
JP Morgan India Pvt.Ltd.
Book Running Lead Manager (BRLM)
Jefferies India Pvt.Ltd.
Book Running Lead Manager (BRLM)