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IPO Synopsis

Akums Drugs & Pharmaceuticals Ltd
  • Registered Office: 304 Mohan Place LSC Saraswati,Vihar, Delhi - 110034, Delhi, India.
  • Phone : +91 11 6904 1000   Fax:
  • Email : cs@akums.net
  • Website :www.akums.in
Initial public offer of 27,368,151* equity shares of face value of Rs. 2 each ("Equity Shares") of Akums Drugs and Pharmaceuticals Limited ("Company" or "Issuer") for cash at a price of Rs. 679^ per equity share (including a share premium of Rs. 677 per equity share) ("Offer Price") aggregating to Rs. 1856.74 crores*^ comprising a fresh issue of 10,037,716* equity shares aggregating to Rs. 680.00*^ crores by the company ("Fresh Issue") and an offer for sale of 17,330,435 equity shares aggregating to Rs. 1176.74 crores* ("Offered Shares") by the selling shareholders, comprising of 1,512,000 equity shares aggregating to Rs. 102.67 crores* by Sanjeev Jain, 1,512,000 equity shares aggregating to Rs. 102.67 crores* by Sandeep Jain (together the "Promoter Selling Shareholders") and 14,306,435 equity shares aggregating to Rs. 971.41 crores* by Ruby QC Investment Holdings Pte. Ltd. (The "Investor Selling Shareholder") (the promoter selling shareholders and the investor selling shareholder, collectively referred to as the "Selling Shareholders") ("Offer for Sale", together with the fresh issue, the "Offer"). This offer includes a reservation of 243,902* equity shares aggregating to Rs. 15.00 crores*^ for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 17.39% and 17.23% of its post-offer paid-up equity share capital, respectively. The face value of equity shares is Rs. 2 each. The offer price is 339.50 times the face value of the equity shares. *Subject to finalization of basis of allotment ^After employee discount.
Issue
Opens On Closes On
30-Jul-24 01-Aug-24
Money Payable On
Application Allotment
679.00 0.00
Minimum Application for shares in Nos : 22 Further Multiples of : 22
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 637.37 Ambit Pvt Ltd
Project Financed through Current Offer (.Cr) 1856.74  
Post Issue Equity Share Capital (.Cr) 31.48
Issue Price () 679.00
Projects
Repayment/prepayment of all or certain borrowings of the company and subsidiary
Funding incremental working capital requirements of the company
Pursuing inorganic growth initiatives through acquisitions
General corporate purposes
Promoted By
Sanjeev Jain
Sandeep Jain
Akums Master Trust
Listing At
BSE
NSE
Registrar to the Issue
No Data Available
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