Emcure Pharmaceuticals, a leading pharma company headquartered in Pune, has raised Rs 583 crore from prominent investors including HDFC Mutual Fund, ICICI Prudential MF, SBI MF, and Abu Dhabi Investment Authority, among others. The upcoming IPO, priced at Rs 960 to Rs 1,008 per share, is set to hit the market on July 3 and close on July 5. With a total offering of Rs 1,952 crore, including an offer for sale of Rs 1,152 crore and fresh equity shares worth Rs 800 crore, Emcure's market valuation is estimated at over Rs 19,000 crore. The raised capital will be used for debt repayments and general corporate expenses.
Emcure Pharmaceuticals IPO: A Comprehensive Overview
Background
Emcure Pharmaceuticals is a leading pharmaceutical company headquartered in Pune, India. Founded in 1983, the company has established a strong presence in both domestic and international markets. Emcure's product portfolio spans a wide range of therapeutic areas, including anti-infectives, cardiovascular, gastrointestinal, and oncology.
Recent Developments: Initial Public Offering (IPO)
Emcure Pharmaceuticals recently announced its upcoming initial public offering (IPO) to raise funds for debt repayments and general corporate expenses. The IPO is priced between Rs 960 and Rs 1,008 per share and is scheduled to hit the market on July 3 and close on July 5. The total offering size is Rs 1,952 crore, including an offer for sale of Rs 1,152 crore and fresh equity shares worth Rs 800 crore. This IPO is expected to value Emcure at over Rs 19,000 crore.
Key Investors
The IPO has attracted investments from prominent investors, including:
Use of Proceeds
The funds raised from the IPO will be utilized for the following purposes:
Top 5 FAQs
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