Emcure Pharmaceuticals Ltd. has announced public offering of 19365346 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 998.00 per share. The gross proceeds of the issue are expected to be Rs 1,95,202.69 lakhs.
The company's initial public offer (IPO) will open on 03 July 2024 and is expected to close on 05 July 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 960.00-1,008.00 per share.
The IPO includes a fresh Issue of 19365346 Equity Shares of the Company at an price of Rs 1,008.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 14 shares with bids in multiples of 14.
Emcure Pharmaceuticals Ltd. anticipates using the proceeds of the issue for .
Axis Capital Ltd.,JP Morgan India Private Limited.,Kotak Mahindra Capital Company Limited,Jefferies India Pvt. Ltd. as lead manager(s) & Link intime India Pvt. Ltd. is the registrar, to the issue.