Emcure Pharmaceuticals IPO vs Sanstar IPO

Comparison between Emcure Pharmaceuticals IPO and Sanstar IPO.

IPO Details

Emcure Pharmaceuticals IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sanstar IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Emcure Pharmaceuticals IPO is up to ₹1,952.03 Cr whereas the issue size of the Sanstar IPO is up to ₹510.15 Cr. The final issue price of Emcure Pharmaceuticals IPO is ₹1,008.00 per share and of Sanstar IPO is ₹95.00 per share.

 Emcure Pharmaceuticals IPOSanstar IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹960.00 per share₹90.00 per share
Issue Price (Upper)₹1,008.00 per share₹95.00 per share
Issue Price (Final)₹1,008.00 per share₹95.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹90.00 per share
Market Lot Size14 shares150 shares
Fresh Issue Size79,46,231 shares4,18,00,000 shares
Fresh Issue Size (Amount)up to ₹800.58 Crup to ₹397.10 Cr
OFS Issue Size1,14,28,839 shares1,19,00,000 shares
OFS Issue Size (Amount)up to ₹1,151.45 Crup to ₹113.05 Cr
Issue Size Total1,93,75,070 shares5,37,00,000 shares
Issue Size Total (Amount)up to ₹1,952.03 Crup to ₹510.15 Cr

IPO Timetable

Emcure Pharmaceuticals IPO opens on Jul 03, 2024, while Sanstar IPO opens on Jul 19, 2024. The closing date of Emcure Pharmaceuticals IPO and Sanstar IPO is Jul 05, 2024, and Jul 23, 2024, respectively.

 Emcure Pharmaceuticals IPOSanstar IPO
Anchor Bid DateJul 02, 2024Jul 18, 2024
Issue OpenJul 03, 2024Jul 19, 2024
Issue CloseJul 05, 2024Jul 23, 2024
Basis Of Allotment (Tentative)Jul 08, 2024Jul 24, 2024
Initiation of Refunds (Tentative)Jul 09, 2024Jul 25, 2024
Credit of Share (Tentative)Jul 09, 2024Jul 25, 2024
Listing date (Tentative)Jul 10, 2024Jul 26, 2024
Anchor Lockin End date 1Aug 07, 2024Aug 23, 2024
Anchor Lockin End date 2Oct 06, 2024Oct 22, 2024

Financials & KPIs

Emcure Pharmaceuticals IPO P/E ratio is 34.55, as compared to Sanstar IPO P/E ratio of 19.98.

 Emcure Pharmaceuticals IPOSanstar IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets7,806.166,672.536,063.47
Total Income6,715.246,031.725,918.86
Profit After Tax527.58561.85702.56
NET Worth2,952.282,501.131,987.55
Reserves and Surplus2,722.402,293.771,791.03
Total Borrowing2,091.942,202.422,102.19
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets527.57368.35207.45
Total Income1,081.681,209.67504.77
Profit After Tax66.7741.8115.92
NET Worth215.91149.2848.97
Reserves and Surplus225.18158.4155.69
Total Borrowing127.64111.7085.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.2199.77
Promoter Shareholding (Post-Issue)78.0870.37
P/E Ratio34.5519.98
Market Cap₹19029.89 Cr.₹1731.32 Cr.
ROE16.90%30.92%
ROCE19.37%24.43%
Debt/Equity0.670.50
EPS₹29.17₹4.75
RoNW16.87%30.92%

Shares Offered

In the Emcure Pharmaceuticals IPO Retail Individual Investors (RII) are offered 67,43,160 shares while in Sanstar IPO retail investors are offered 67,43,160 shares. Qualified Institutional Buyers (QIB) are offered 38,53,234 shares in Emcure Pharmaceuticals IPO and 1,07,40,000 shares in Sanstar IPO.

 Emcure Pharmaceuticals IPOSanstar IPO
Anchor Investor Reservation57,79,850 shares1,61,10,000 shares
Market Maker Reservation
QIB38,53,234 shares1,07,40,000 shares
NII28,89,926 shares80,55,000 shares
RII67,43,160 shares1,87,95,000 shares
Employee1,08,900 shares
Others
Total1,93,75,070 shares5,37,00,000 shares

Bids Received (Subscription)

Emcure Pharmaceuticals IPO subscribed 67.87x in total, whereas Sanstar IPO subscribed 82.99x.

 Emcure Pharmaceuticals IPOSanstar IPO
QIB (times)191.24x145.68x
NII (times)49.32x136.49x
Big NII (times)54.90x149.44x
Small NII (times)38.16x110.61x
RII (times)7.36x24.23x
Employee (times)8.81x
Other (times)
Total (times)67.87x82.99x

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