CosmicTaco

Emcure Pharma Shares Make Strong Debut with 31% Premium

CosmicTaco · 2024-07-12T14:55:29.121090+05:30

- Emcure Pharmaceuticals shares listed at Rs 1,325.05 on NSE, a 31.45% premium over the issue price of Rs 1,008. - The stock also listed at the same price and premium on BSE, aligning with investor expectations. - Ahead of the listing, shares had a grey market premium of Rs 300, indicating a 30% listing pop. - The IPO, open from July 03 to July 05, raised Rs 1,952.03 crore, including a fresh share sale of Rs 800 crore. - The issue was subscribed 67.87 times overall, with QIBs booking 195.83 times, non-institutional investors 48.32 times, retail investors 7.21 times, and employees 8.81 times. Source: Business Today

Emcure Pharmaceuticals shares listed at Rs 1,325.05 on NSE, a 31.45% premium over the issue price of Rs 1,008.
The stock also listed at the same price and premium on BSE, aligning with investor expectations.
Ahead of the listing, shares had a grey market premium of Rs 300, indicating a 30% listing pop.
The IPO, open from July 03 to July 05, raised Rs 1,952.03 crore, including a fresh share sale of Rs 800 crore.
The issue was subscribed 67.87 times overall, with QIBs booking 195.83 times, non-institutional investors 48.32 times, retail investors 7.21 times, and employees 8.81 times.

Source: Business Today