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Emcure Pharmaceuticals IPO

14,112
Minimum Investment

Price Range (₹)

Rs. 960 –Rs. 1008

Issue Size (₹ in Cr.)

Up to 1952.03 Cr

Minimum Quantity

14 Shares

Bidding Period

Jul 3 – Jul 5, 2024

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About the Emcure Pharmaceuticals IPO

- One of the leading Indian pharmaceutical companies engaged in developing, manufacturing and globally marketing a broad range of pharmaceutical products across several major therapeutic areas
- Research and development (“R&D”) driven company with a differentiated product portfolio that includes orals, injectables and biotherapeutics
- The 13th largest pharmaceutical company in India in terms of Domestic Sales for MAT September 2023
- The largest pharmaceutical company in the gynecology and human immunodeficiency virus (“HIV”) antivirals therapeutic areas in India in terms of Domestic Sales for MAT September 2023 (Source: CRISIL Report)

Strengths

Well-placed to Leverage Leading Position in the Domestic Market

They are focused on the domestic market, with sales in India contributing to 50.84% and 53.16% of their total revenue from operations for the six months ended Sep 30, 2023 and the FY23, respectively. Their strong position in a number of therapeutic areas such as gynecology, cardiovascular, blood-related, pain and analgesics and oncology/anti-neoplastics has been driven by differentiated product portfolio and first to market product launches (source: Company DRHP)

Demonstrated Capabilities of Building Brands

They have demonstrated strong capabilities and a proven track record in building brands. Eight of their brands were ranked among the 300 highest selling brands in the IPM, in terms of Domestic Sales for MAT Sep 2023.Further, between MAT Sep 2019 and MAT Sep 2023, the volumes of their brands with sales of more than ₹250 million grew by 2.51%, as compared to the IPM brands with sales of more than ₹250 million, which grew by 0.38% (Source: CRISIL Report)

Extensive and Diversified Manufacturing Capacity

They have 13 manufacturing facilities across the states of Maharashtra, Gujarat, Sikkim and Karnataka and the union territory of Jammu and Kashmir, in India. Relying on their in-house capabilities rather than outsourcing manufacturing for their specialty products allows us to better ensure product quality as well as optimize costs (Source: Company DRHP)

Risks

There are outstanding legal proceedings involving their company, directors, promoters, subsidiaries and their group company, Heritage

There are outstanding legal proceedings involving company, directors, promoters and their subsidiaries. These proceedings are pending at different levels of adjudication before various courts, tribunals and arbitrators, from which further liability may arise. There is one civil case outstanding against their Group Company, Heritage, the outcome of which could have a material impact on their company. (Source: Company DRHP)

Manufacturing and research and development operations are subject to operational risks

Their business is dependent on the ability to manage manufacturing and R&D facilities, which are subject to various operating risks and factors outside their control. Inability to effectively respond to any such shutdown or slowdown, could result in them being unable to satisfy their contractual commitments, which could have an adverse effect on their business (Source: Company DRHP)

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    Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

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    Fill in the required details

    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

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    Click on proceed to confirm the order. You can view the placed order under “order book”.

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  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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Emcure Pharmaceuticals IPO FAQs

The lot size is 14 shares and minimum investment required is Rs.14,112 for Emcure Pharma IPO

Emcure Pharmaceuticals IPO is mainboard IPO of issue size up to Rs.1952.03 Crores

Emcure Pharmaceuticals IPO issue dates are from 03rd – 05th July, 2024.

The allotment date is 08th July, 2024 and listing date is 10th July, 2024 for Emucre Pharma IPO

Head to IPO section on ICICI Direct website and select Emcure Pharmaceuticals IPO. Enter and submit bid details and then click on proceed to apply once details are verified. It’s that simple!!

The price band of Emcure Pharma IPO is Rs.960 – Rs.1008.

The book runners for the Emcure Pharma IPO are Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, J.P. Morgan India Private Ltd,Jefferies India Private Ltd

The objectives of Emcure Pharma IPO are Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the company and General corporate purposes

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Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.