Emcure Pharmaceuticals - AstroIPO

Emcure Pharma IPO


June 29, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Emcure Pharmaceuticals Ltd., a major player in the Pharmaceuticals & Drugs sector, is launching its Initial Public Offering (IPO) from July 3 to July 5, 2024. This large-scale issue aims to raise between Rs. 1,859.07 – 1,952.03 crore through a book-building process.

The IPO’s price band is set at Rs. 960 – 1,008 per share, with a face value of Rs. 10. The minimum application is for 14 shares, while the maximum retail subscription is capped at Rs. 5,00,000. The company is offering 193.65 lakh shares to the public.

Emcure Pharmaceuticals plans to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on July 10, 2024.

This IPO provides an opportunity to gain a stake in a well-established pharmaceutical company. The healthcare sector often demonstrates stability during economic downturns, but it can be influenced by regulatory changes and R&D outcomes.

Emcure Pharma IPO Details

IPO Size 1952.03
Price Range ₹960 - ₹1008
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount ₹90 per share
Listing at NSE and BSE
Minimum Quantity 14
Investment (cut-off price) ₹14,112
Pre IPO Promotor Holding 98.90%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Emcure Pharma IPO Timelines

03/07/2024
Start Date
05/07/2024
End Date
08/07/2024
Allotment Date View Status
09/07/2024
Refund Initiation
09/07/2024
Credit of Shares to Demat Ac
10/07/2024
Listing Date

Emcure Pharma IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 14 ₹14,112
Retail Maximum 14 196 ₹197,568
S-HNI Minimum 15 210 ₹211,680
B-HNI Minimum 71 994 ₹10,01,952

Emcure Pharma IPO Subscription Status

QIB NII Retail EMP Total
195.83 x 48.32 x 7.21 x 8.81 x 67.87 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹1325.05 ₹1359.315 ₹1385 ₹1325.05

Emcure Pharma IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹5918.86 ₹4946.31 ₹702.56
FY 2023 ₹6031.72 ₹5278.36 ₹561.85
FY 2024 ₹6715.24 ₹5978.08 ₹527.58

About Company

Emcure Pharmaceuticals, based in India, is involved in the development, manufacturing, and global marketing of pharmaceutical products spanning various therapeutic areas. The company has a product portfolio consisting of orals, injectables, and biotherapeutics. Emcure’s products reach over 70 countries worldwide.

The company operates 13 manufacturing facilities throughout India, equipped to produce pharmaceutical and biopharmaceutical products. These facilities handle dosage forms, including oral solids, oral liquids, and injectables—both liposomal and lyophilised. They manufacture biotherapeutics and complex active pharmaceutical ingredients (APIs), such as chiral molecules, iron molecules, and cytotoxic products.

Incorporation Date Sector Managing Director
1981 Healthcare Satish Ramanlal Mehta

Know Before Investing

Emcure Pharma IPO Strengths

  • The company is well-placed in the domestic Market.
  • It has demonstrated the Capabilities of Building Brands.
  • It also has a Large, Diversified and Fast-Growing Product Portfolio in International Markets.
  • The company also has Strong R&D Capabilities and manufacturing facilities.
  • Experienced Board and senior management team.

Emcure Pharma IPO Risks

  • The company is subject to extensive government regulations in India and international markets.
  • High working capital requirements.
  • It has reported negative cash flows in the past.
  • Limited therapeutic areas contribute to a more significant portion of the total revenue in India.
  • Its international operations expose the company to complex management, legal, tax and economic risks.
  • Faces forex fluctuations risks.
  • Its EBITDA and PAT have decreased in the last few financial years.

Swot Analysis for Emcure Pharma IPO

Strengths

Diversified across therapies

Weaknesses

Foreign currency risk, Declining margins

Opportunities

New product launches

Threats

High competition from both domestic and global players

Contact Details of IXIGO

Emcure Pharmaceuticals Limited Plot No. P-1 and P-2, IT-BT Park, Phase II, M.I.D.C., Hinjawadi, Pune -411 057 Phone: +91 20 3507 0033 Email: [email protected] Websitehttps://www.emcure.com/

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

Company Details

Emcure Pharmaceuticals Limited

Plot No. P-1 and P-2,
IT-BT Park, Phase II, M.I.D.C.,
Hinjawadi, Pune -411 057

Phone: +91 20 3507 0033

Email: [email protected]

Website: https://www.emcure.com/

IPO Registar Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

FAQs

The key objectives of Emcure Pharmaceuticals IPO are:

  • Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by our Company;
  • General corporate purposes.

Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, J.P. Morgan India Pvt. Ltd, Jefferies India Pvt. Ltd are the book-running lead managers for the Emcure Pharmaceuticals IPO.

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