• Source:JND
Add as a preferred

The allocation of shares in the initial public offering of Emcure Pharmaceuticals Ltd is expected to close today, Monday, July 7th. Investors will receive bank debit notifications after completing the allotment, likely later this afternoon. Additionally, investors can verify the status of their Emcure Pharma IPO on the Link Intime India portal.

Emcure Pharma's Rs 1,952 crore IPO, which opened for public subscription between July 3rd and July 5th, drew a massive 67.87x subscription, with bids of 92,99,96,438 shares received in comparison to 1,37,03,538 shares offered. The price range for the IPO was set at Rs 960-1,008 per share.

On Wednesday, Emcure Pharma's IPO received a subscription of 1.31x on the first day of bidding and 5x on the second day. On Tuesday, a day before its IPO, Emcure Pharmaceuticals raised Rs 583 crore from anchor investors. Namit Thapar, CEO of Emcure Pharmaceuticals and judge on Shark Tank, offloaded shares worth Rs 128 crore through the IPO.

Following today's IPO allotment, the company's shares are expected to be listed on the BSE and NSE on July 10th.

 How to Check the Allotment Status of Emcure Pharma IPO


-  You have to visit BSE's official website -  URL: https://www.bseindia.com/investors/appli_check.aspx.
-   Next, tap on the "Issue Type," option and choose the equity option
- Next, you will have a list of IPOs, choose "Emcure Pharma Ltd" from the drop-down menu.
-  Now, you have to enter your application number or Permanent Account Number (PAN).
-  Check the box “I am not a robot” to verify yourself and press the “Search” option. In a few seconds, your application status will be on your screen.

Emcure Pharma IPO GMP today

According to market analysts, unlisted shares of Emcure Pharma Ltd are trading at a premium of Rs 390 in the grey market. This Rs 390 grey market premium suggests that the grey market expects a 38.69 percent listing gain on the back of the public issue. The GMP is subject to market sentiments and is constantly changing.

Also Read: