Emcure Pharmaceuticals Limited IPO

Price
₹960 - ₹1008
Lot
14
Subs.
N/A
Expected Listing Earning

Exp. Premium(GMP):
274.98(27.28%)
IPO Details

Open Date: 03-Jul-2024
Close Date: 05-Jul-2024
Allotment Date: 08-Jul-2024
Listing Date: 10-Jul-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹960-1008 Per Equity Share
Issue Size: Total Issue Size 19,365,346 shares (aggregating up to ₹1,952.03 Cr) : Fresh Issue 7,936,507 shares (aggregating up to ₹800.00 Cr) : Offer for Sale 11,428,839 shares of ₹10 (aggregating up to ₹1,152.03 Cr)
Market Lot (Min Amount): Retail - ₹14,112 : S-HNI - ₹211,680 : B-HNI - ₹1,001,952
Valuations

Earning Per Share(EPS)27.95/-
P/E Ratio36.07
RoNW16.87%
Net Asset Value (NAV) - Post Issue:163.22/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20247,806.166,715.24527.58
31 Mar,20236,672.536,031.72561.85
31 Mar,20226,063.475,918.86702.56
Promoter(s)

Pre Issue Share Holding98.90%
Post Issue Share HoldingN/A%
Company Promoter(s)
1. Satish Mehta
2. Sunil Mehta
Issue Objective(s)

The Company proposes to utilise the Net Proceeds towards funding the following objects:
  • Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the company; and
  • General corporate purposes
About Company

Incorporated in 1981, Emcure Pharmaceuticals Limited, an Indian pharmaceutical company, develops, manufactures, and globally markets a wide range of pharmaceutical products across several major therapeutic areas.

The company has been ranked 13th in domestic sales among pharmaceutical companies in India for MAT September 2023 and 4th in market share in its covered markets for the same period. Additionally, it is the leading pharmaceutical company in gynaecology and HIV antiviral therapeutic areas for the MAT September 2023.

In the six months ended September 30, 2023, and the Financial Year 2023, sales in India contributed 50.84% and 53.16% of the company's total revenue, respectively. The company's Domestic sales grew at a CAGR of 10.80% between September 2019 and September 2023, outperforming the Indian pharmaceutical market.

As of September 30, 2023, Emcure Pharma employed 552 scientists and operated five research facilities in India. They filed over 1,800 documents globally, including 204 in the EU and 133 in Canada. They had 201 granted patents, 33 pending patent applications, and submitted 102 drug master files.

Emcure Pharmaceuticals has 13 manufacturing facilities in India. These facilities can produce various pharmaceutical and biopharmaceutical products, including pills, liquids, injectables, and complex ingredients such as chiral molecules, iron molecules, and cytotoxic substances.

As of September 30, 2023, the company's marketing and distribution network in India was supported by over 5,000 field personnel who regularly interacted with healthcare providers. The distribution network included over 5,000 stockists, served by 37 carry-and-forward agents.

Disclaimer

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