Registered Office:
304 Mohan Place LSC Saraswati,Vihar,
Delhi - 110034,
Delhi, India.
Phone : +91 11 6904 1000
Fax : NA
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 |
Money Payable On |
| Opens On |
Closes On |
Allotment |
Application |
| 30-Jul-24 | 01-Aug-24 |
0.00-0.00 |
679.00-0.00 |
Minimum Application for shares in Nos :
22
Further Multiples of :
22
|
(Rs. in Cr) |
Lead Managers to the Issue |
| Project Cost |
637.37 |
Ambit Pvt Ltd |
| Project Financed |
1856.74 |
|
| Post Issue |
31.48 |
|
| Issue Price |
31.48 |
|