Akums Drugs and Pharma IPO: Akms Drugs and Pharmaceuticals is a Delhi-based pharma company. The IPO of this company opened on Tuesday, July 30. Akms Drugs and Pharmaceuticals is trying to raise Rs 1,856.74 crore through this issue. In this IPO, investors can bid on shares between Rs 646 and Rs 679.
The company raised Rs 829 crore from anchor investors
Drug company Akms Drugs and Pharmaceuticals has raised about Rs 829 crore from anchor investors on July 29 before the IPO opens on Tuesday. The company has informed that the anchor investors include Abu Dhabi Investment Authority, Smallcap World Fund, HSBC Global Investment Funds, SBI Mutual Fund, Bandhan MF, Motilal Oswal MF, Aditya Birla Sun Life MF, SBI Life Insurance Company, HDFC Life Insurance Company and ICICI Prudential Life Insurance. According to the information given on the NSE website, the company has allotted 1.22 crore shares to 50 funds. These shares have been allotted at Rs 679. In such a situation, a total of Rs 828.78 crore has been collected through this.
Know the details of IPO
Through this IPO, Akms Drugs and Pharmaceuticals Company has issued fresh shares worth Rs 680 crore. At the same time, Rs 1,856.74 crore will be raised through Offer for Sale. The company has fixed a lot size of 22 shares for retail investors in the IPO. A maximum of 13 lots can be bid. In such a situation, retail investors can invest money in the IPO from Rs 14,938 to Rs 1,94,194.
In this issue, the company has reserved 44.60 percent for anchor investors. At the same time, 29.73 percent has been reserved for QIB, 14.87 percent for NII, 9.91 percent for retail investors and 0.89 percent for the employees of the company.
Important dates related to IPO
- IPO opening date- Tuesday July 30, 2024
- IPO closing date- Thursday, August 1, 2024
- Date of release of allotment- Friday August 2, 2024
- Date of receipt of refund- Friday August 5, 2024
- Date of credit of shares to demat account- Monday August 5, 2024
- Listing date- Tuesday August 6, 2024
What are the signs in the grey market
According to investorgain.com, the IPO of Akms Drugs and Pharmaceuticals Company is indicating good earnings on July 30. The price of the company’s shares is trending at a premium of 28.13 percent in the upper price band of Rs 679 to Rs 191. In such a situation, if this situation persists till the day of listing, then the company’s shares can be listed at Rs 870. In such a situation, investors can earn a lot.
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