Emcure Pharmaceuticals Limited IPO bidding was closed on 5 July 2024, the investors who bid for the Emcure IPO are wondering about the allotment date and status. The article covers everything you wish to know about the Emcure IPO and its allotment.
Emcure Pharmaceuticals IPO
The Bidding for Emcure Pharmaceuticals Limited was concluded by 5 July 2024, when the IPO opened on 3 July 2024 with a public issue worth ₹1952.03 crore. The IPO got a great response from the bidders, according to reports, the IPO was oversubscribed more than 67 times in the bidding duration.
Namita Thapar backs Emcure Pharma and is a renowned company in the country. According to the current reports, the IPO got bids for 92.96 crores, passing the share offers at the end of IPO bidding. The Emcure IPO offers the price band of ₹960 to ₹1008 per share with ₹10 per share face value in the IPO issue and ₹90 per share as employee discount.
Now, those who have invested in the Emcure IPO are wondering about the IPO allotment. According to the tentative schedule, the bidders can expect the IPO allotment today 8 July 2024, or by Tuesday 9 July 2024. The bidders will get the notification, alerts, or emails from the registrar of the issue and debit of their funds.
Emcure Pharmaceuticals IPO Allotment Status Check
The bidders can check the Emcure Pharmaceuticals allotment status through various ways to ensure their subscription. Here are the ways by which you can check the Emcure IPO allotment status:
- BSE website
- Website of Registrar of the Emcure IPO Issue: Link Intime India Private Limited
The bidders cna check the IPO allotment status with the following credentials in their hands:
- IPO Application Number
- DP ID/ Client Number option
The steps to check the IPO allotment status through the BSE Website are as follows.
- You can visit the official BSE website
- Next, navigate to the Status of Issue Application on the webpage.
- Next, select the Equity in the Issue Type and Issue name to check the status.
- Now, enter your application number of Emcure IPO pr PAN number.
- Next, click the Search tab to check the Emcure IPO allotment status.
How to check the Emcure IPO allotment status on the Registrar site?
The bidders can also check the Emcure IPO allotment on the Link Intime India Private Limited website with the below simple steps:
- Go to the registrar’s official website ipo status at
- Scroll down to the Investor Center and click on Public Issues.
- Next, click Allotment Status and select the company name Emcure Pharma from the section.
- Next, select Dema/ Physical in the govern section.
- Next, enter your account number/folio number/ DPID/ Client number in the given section.
- Next, submit the details to check the IPO allotment status on the registrar site.
Emcure IPO Refund and Listing Date
The investors who subscribed for the Emcure IPO shares during the IPO but did not get the shares during the allotment can expect a refund into their Demat or respective investing account after the IPO allotment. Generally, the refund process will begin on the next day of the IPO allotment.
So, bidders can expect the refund initiation on 9 July 2024, tomorrow, if the registrar is done with the IPO allotment by today and issue the IPO allotment. However, if the IPO allotment moves forward to tomorrow the bidders can expect the refund initiation the next day.
According to the Emcure IPO RHP, the company plans to list the shares at BSE, NSE. The bidders can expect the listing on Wednesday, 10 July 2024, if everything goes by the schedule.
Emcure Pharmaceuticals IPO latest GMP
The Emcure Pharmaceuticals grey market price indicates the demand for Emcure shares in the market. The GMP trends of Emcure IPO began with ₹271 GMP price and since then it has been going along with an upward trend till the Emcure IPO issue closes down on 5 July 2024.
The latest GMP trend of Emcure IPO is ₹372 with a price band of 1008.0 and a listing price ₹1389. According to the latest GMP trend, the expected percentage of loss/gain share is around 36.90%.
The upward trend of the Emcure IPO shows a strong listing, the exact listing price will be disclosed at the time of listing.
According to the reports, the Emcure IPO received a great response from the bidders during the three days of bidding, especially from the QIB (Qualifying Institutional buyers) (1995.83 times) and Non-institutional buyers (48.32 times).
The bidders can check the Emcure IPO allotment anytime soon, so frequently check the BSE website or registrar website to check the status of your Emcure IPO bidding.
Go to GMR Homepage To Get Relevant Topics.
