After a highly successful initial public offering (IPO) which was subscribed 67.87 times, the allotment date for Emcure Pharmaceuticals Ltd is set to be finalized today. The pharmaceutical company received bids for 92,99,96,438 shares against only 1,37,03,538 shares on offer. Investors can expect to receive bank debit messages today evening and can also check the IPO status on Link Intime India's portal. Notably, anchor investors had already invested Rs 583 crore a day before the IPO and executive director Namit Thapar offloaded shares worth Rs 128 crore through the IPO.
Emcure Pharmaceuticals Makes a Strong Debut with Successful IPO
Background
Emcure Pharmaceuticals Limited is a leading research-driven pharmaceutical company in India. It has a global footprint, with operations in over 75 countries. The company specializes in developing, manufacturing, and marketing a wide range of pharmaceutical formulations, including generics, biosimilars, and specialty products.
Initial Public Offering (IPO)
On November 18th, 2022, Emcure Pharmaceuticals launched its much-anticipated IPO. The issue size was 13,703,538 equity shares, with a price band of Rs. 422-425 per share. The issue met with overwhelming response from investors, being subscribed 67.87 times.
Allotment Date and Process
The allotment date for Emcure Pharmaceuticals IPO is expected to be finalized today, December 8th, 2022. Investors who applied for the IPO can check their allotment status on the Link Intime India portal.
Anchor Investment and Share Sale
Prior to the IPO, Emcure Pharmaceuticals raised Rs. 583 crore from anchor investors. Additionally, executive director Namit Thapar offloaded shares worth Rs. 128 crore through the IPO.
FAQs
Q1: What is the issue size of the Emcure Pharmaceuticals IPO?
A: The issue size was 13,703,538 equity shares.
Q2: How many times was the IPO subscribed?
A: The IPO was subscribed 67.87 times.
Q3: When is the expected allotment date?
A: The allotment date is expected to be finalized on December 8th, 2022.
Q4: Where can I check my IPO allotment status?
A: Investors can check their allotment status on the Link Intime India portal.
Q5: Did any anchor investors participate in the IPO?
A: Yes, anchor investors invested Rs. 583 crore in the IPO.
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