Emcure Pharma IPO GMP today has shot up in a significant manner even though the subscription has not even started. Notably Emcure Pharma IPO subscription date is Wednesday, July 3 and the grey market is already having a field day. Sign of things to come?
In the meantime, you can check all the dates and other details regarding Emcure Pharma IPO below. This includes Emcure IPO subscription, allotment, listing, price band and more. Adding to the feel-good factor about this share is the fact that Shark Tank-fame Namita Thapar is linked to the company as she has been a long term investor. Thapar owns 3.5 per cent stake in the company. However, Thapar is looking to cash in and will be reducing her stake via the Offer For Sale (OFS). Yes, there will be two components in the public issue.
Emcure Pharma IPO GMP today
According to InvestorGain, Emcure Pharma IPO GMP today stands at Rs 264. Considering the current grey market premium and Emcure Pharma IPO price band of between Rs 960 to Rs 1,008 (upper end), Emcure Pharma IPO listing date gains may well be 26.19 per cent. The estimated listing price may be Rs 1272. However, do keep in mind that GMP cannot be considered as having any official standing.
Emcure Pharma IPO Details
1. Emcure Pharma IPO Anchor Investor date is on Tuesday, July 2 – a day ahead of the opening of the public subscription.
2. Emcure Pharma IPO dates are from July 3 to July 05, 2024.
3. Emcure Pharma IPO listing will be on the NSE and BSE.
4. Retail investors can bid for a minimum of 14 shares in a single lot – minimum investment is Rs 13,440.
5. Emcure Pharma retail portion is reserved at 35 per cent
6. Non-Institutional Investors'(NIIs) quota is 15 per cent
7. Qualified Institutional Investors’ (QIBs) quota is as high as 50 per cent.
8. Emcure Pharma IPO Allotment date is Monday, July 8, 2024
9. Expected Emcure Pharma IPO Listing Date is Wednesday, July 10.
10. Emcure Pharma IPO will be listed on the NSE and BSE
11. Emcure Pharma IPO funds will be used for debt repayment and other corporate purposes.
Emcure Pharma IPO Size
Emcure Pharma IPO size is Rs 1,952 crore. Emcure Pharma IPO is a combination of fresh issue of 0.79 crore shares aggregating to Rs 800.00 crore. The second component is the Offer For Sale (OFS) of 1.14 crore shares aggregating to Rs 1,152.03 crore.
Emcure Pharma IPO Promoters
Apart from Namita Vikas Thapar, the promoters are Satish Ramanlal Mehta, Sunil Rajanikant Mehta, Samit Satish Mehta, Brain Capital. Promoters who are offloading parts of their stakes will take home some part of IPO proceeds.
About Emcure Pharmaceuticals
Emcure Pharmaceuticals manufactures formulations and APIs and has a presence in over 70 countries.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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