Emcure Pharma IPO is all set to open today, June 3. The company has been in the news for a long time now for the right reasons and that is showing in its performance in the grey market. Helping to ramp-up the hype is Shark Tank-fame and investor Namita Thapar. Thapar is set to make a stake sale in this issue. All those investors who are checking out the company’s past performance, vision for the future and growth prospects as well as the promoters, should also cast an eye on Emcure Pharma IPO GMP today.
Notably, even before subscription, it has been on a high and looking good for listing day gains, so far. Rest will be revealed as Emcure Pharma IPO subscription starts picking up speed. Needless to say, there is a lot of interest in this Pune-based company.
Namita Thapar is a long term investor and she has a massive 3.5 per cent stake in Emcure Pharma amounting to 63 lakh shares. Thapar is also a Whole-Time-Director. She is reducing her stake through the Offer For Sale (OFS). Namita Thapar stake sale is expected to generate as much as Rs 127 crore for her. This applies at the upper end of the price band. The other Emcure Pharma promoters are Satish Ramanlal Mehta, Sunil Rajanikant Mehta, and Samit Satish Mehta.
Emcure Pharma IPO GMP today
Emcure Pharma IPO GMP today stands at Rs 299! It was Rs 290 on Tuesday and on Monday it was Rs 264. It has been climbing strongly ever since it became clear the IPO was coming. Along with the 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 29.66 per cent. The estimated Emcure Pharma IPO listing price may be Rs 1307.
(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.)
Emcure Pharma IPO opens for subscription today and investors are intrigued by Shark-Tank fame Namita Thapar in the mix. However, Emcure Pharma IPO GMP today is holding fast and rising. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
