Emcure Pharma IPO
Emcure Pharmaceuticals Ltd
₹13,440 /14 sharesMinimum Investment
Emcure Pharma IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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3 Jul ‘24 - 5 Jul ‘24 | ₹13,440 | 14 | ₹960 - ₹1,008 |
Issue Size | IPO Doc |
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1952.03Cr | |
Qualified Institutional Buyers | 195.83x |
Non-Institutional Investor | 48.19x |
Retail Individual Investor | 6.92x |
Employees | 8.56x |
Total | 67.69x |
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.;
Managing director
Mr. Satish Ramanlal Mehta
Parent organisation
Emcure Pharmaceuticals Ltd
Emcure Pharmaceuticals Ltd IPO
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Strengths & Financials of Emcure Pharma
Emcure Pharmaceuticals has expanded its presence in both the retail and hospital sectors, significantly increasing its product offerings. Since acquiring Tillomed Laboratories in the financial year 2014, the company has grown its product range from just two to more than 150 by September 30, 2023.
In Canada, Emcure has enhanced its market position through the expansion of its portfolio of generic and differentiated products. Additionally, in November 2023, Marcan, a subsidiary of Emcure, acquired a majority stake in Mantra Pharma Inc., a Canadian company specialising in the sale and distribution of pharmaceutical finished formulation products, natural health products, and medical devices, primarily within Quebec.
The company has seen a steady increase in its revenue from operations, climbing from Rs 5,033.47 crore in FY21 to Rs 5,855.39 crore in FY22 to Rs 5,985.81 crore in FY23.
Emcure Pharmaceuticals markets its diverse product portfolio in over 70 countries, with Europe and Canada serving as its primary international markets. For the six months ending September 30, 2023, and the financial year 2023, international sales accounted for 49.16% and 46.84% of total revenue from operations, respectively.
The company operates 13 manufacturing facilities located in Maharashtra, Gujarat, Sikkim, and Karnataka, as well as in the Union Territory of Jammu and Kashmir.
The company, along with its directors, promoters, subsidiaries, and group company, Heritage, are involved in outstanding legal proceedings. An unsuccessful defense in these cases could negatively affect Emcure’s business prospects.
Despite having separated its US operations, Emcure continues to face civil proceedings in the US, which could lead to additional expenses.
There are outstanding legal proceedings involving the company, its directors, promoters, subsidiaries, and group company, Heritage, worth Rs 378.26 crore. Any adverse judgements in these cases could hurt the company’s business.
A significant portion of Emcure's revenue in India comes from certain therapeutic areas. If products in these areas underperform or face competition from more widely accepted alternatives, it could harm the company's business prospects.
As of September 30, 2023, the company and its subsidiaries had aggregate outstanding borrowings amounting to ₹2,012.87 crore. Any inability to service or repay these borrowings will adversely affect the company’s business prospects.
One of its subsidiaries, Gennova, is involved in ongoing arbitration proceedings with HDT Bio Corp. for alleged breach of contract and alleged misappropriation of HDT’s trade secrets in connection with a COVID-19 vaccine developed by Gennova. An adverse judgment could hurt the company’s prospects.
Emcure Pharma Financials
*All values are in Rs. Cr
Application Details of Emcure Pharma IPO
Apply as | Price band | Apply upto |
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Regular | ₹960 - 1008 | ₹2 Lakh |
Employee | ₹870 - 918 | ₹2 Lakh |
High Networth Individual | ₹960 - 1008 | ₹2 - 5 Lakh |
For Emcure Pharma IPO, eligible investors can apply as Regular & Employee.