Emcure Pharmaceuticals Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,633,084 (50%) | — | ₹97,101 Cr |
| NII (HNI) | — | 2,889,926 (15%) | — | ₹29,130 Cr |
| Retail | — | 6,743,160 (35%) | — | ₹67,971 Cr |
| Employee | — | 108,900 (1%) | — | ₹110 Cr |
| Σ Total | — | 19,375,070 (100%) | — | ₹1,953,007 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,112 |
| Retail (Max) | 13 | 182 | ₹183,456 |
| S-HNI (Min) | 14 | 196 | ₹197,568 |
| B-HNI (Min) | 67 | 938 | ₹945,504 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 6,715 | 6,032 | 5,919 |
| Profit After Tax | 528 | 562 | 703 |
| Net Worth | 2,952 | 2,501 | 1,988 |
| Total Assets | 7,806 | 6,673 | 6,063 |
| Reserves & Surplus | 2,722 | 2,294 | 1,791 |
| Total Borrowing | 2,092 | 2,202 | 2,102 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by the company; and –
- General corporate purposes –
Company Overview
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.