Emcure Pharmaceuticals Limited IPO: Emcure Pharmaceuticals’ IPO is about to open. The company’s IPO will open on July 3, 2024. The size of this IPO is Rs 1952.03 crore. The company will issue 0.79 crore shares through IPO. At the same time, 1.14 crore shares will be issued under the Offer for Sale. Let us tell you that in Shark Tank India, Judge Namitha Thapar is the CEO of Amcure Pharmaceuticals.
The company is paying a dividend of Rs 685 per share next week
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The IPO will be open till July 5
Emcure Pharmaceuticals’ IPO will be open to retail investors from July 3 to July 5. Investors betting on the company’s IPO will be allotted shares on July 8. At the same time, listing of the company on BSE and NSE is proposed on July 10.
What is the price? (Emcure Pharma IPO Price Band)
The price band of Emcure Pharmaceuticals IPO per share is Rs. 960-1008. The IPO lot size of the company was 14 shares. Due to which any investor has to bet at least 14,112 rupees. The market cap of this company is Rs 19029.89 crore. Let us tell you that the employees of the company will get a discount of 90 rupees on each share.
Gray market gone mad (Emcure Pharma IPO GMP Today)
According to an InvestorsGain report, the company today traded in the gray market at Rs. It was trading at a premium of 264. The company can be listed at a premium of 26.19 percent. If this happens, it can be listed in the stock market at 1272 rupees.
A maximum of 50 percent of the IPO will be reserved for qualified institutional buyers. At the same time, there will be a minimum 35 percent reserve for retail investors. Let us tell you that before the IPO, the promoters had 98.90 percent stake. During the last financial year the profit of the company was Rs. 527.58 crores.