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Shark Tank Investor Namita Thapar to Earn Estimated ₹127 Crore from Emcure Pharmaceuticals IPO Stake Sale

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Shark Tank investor Namita Thapar is set to earn an estimated ₹127 crore through an Emcure Pharmaceuticals IPO stake sale, scheduled to begin tomorrow. Thapar, a key figure in the promoter group of Emcure Pharmaceuticals, will sell around 12.68 lakh shares through an Offer for Sale (OFS) component, potentially generating significant revenue.

The IPO, with a price band set between ₹960 to ₹1,008 per equity share, will bring in a substantial amount for Thapar, who acquired shares at a weighted average of ₹3.44 each. As of March 2024, Thapar held approximately 3.5% of the company, representing 63 lakh shares. Alongside Thapar, other stakeholders like Satish Ramanlal Mehta, Sunil Rajanikant Mehta, and Samit Satish Mehta will also participate in the OFS.

Additionally, entities including BC Investments IV, Axis Capital Limited, J.P. Morgan India Private Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and Link Intime India Private Ltd, are involved in managing the Emcure Pharmaceuticals IPO, which is marked by a price band of ₹960 to ₹1,008 per share. The company, a Pune-based pharmaceutical producer with a vast global reach, seeks to utilize the IPO proceeds for various corporate purposes, including the repayment of existing loans.

Established rivals highlighted in the Red Herring Prospectus for Emcure Pharmaceuticals include Torrent Pharmaceutical Ltd, Mankind Pharma, Dr. Reddy’s Laboratories Ltd, and Alkem Laboratories Ltd. Amidst the IPO’s buzz, the Grey Market Premium for Emcure Pharmaceuticals stands at +290, indicating a substantial demand beyond the issue price.

Considering the IPO’s upper price band and the current grey market premium, Emcure Pharma’s expected listing price appears to be around ₹1,298 per share, reflecting a noteworthy 28.77% increase over the IPO price. The Grey Market Premium signifies investor confidence and eagerness to acquire shares at a premium value.

Rachel Adams

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