Akums Drugs and Pharmaceuticals IPO Details
Issue Date
30 Jul - 1 Aug'24
Price Range
₹646 - ₹679
Lot Size
22
IPO Size
₹1858.30 Cr
Akums Drugs and Pharmaceuticals IPO Listing Details
Listing On
6 Aug'24
Issue Price
₹679
Listed Price
₹ 725
Retail Gain/Listing Gain
▲6.77%
Schedule of Akums Drugs and Pharmaceuticals IPO
Start date
30/07/2024
End date
01/08/2024
Allotment of bids
Refund Initiation
05/08/2024
Listing on exchange
06/08/2024
Akums Drugs and Pharma Limited IPO Review | Issue details, products business model | Must watch
Kotak Neo
•03m 57s
Akums Drugs and Pharmaceuticals Ltd Company Background
Akum Drugs and Pharmaceuticals Limited is a pharmaceutical contract development and manufacturing organisation (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.
The company produces an extensive range of dosage forms including tablets, capsules, liquid orals, vials, ampoules, blow-filled seals, topical preparations, eye drops, dry powder injections and gummies, among others.
With that, let's take a look at the competitive strengths and risk factors for Akum Drugs and Pharmaceuticals Limited:
Akums Drugs and Pharmaceuticals ltd Competitive Strengths
Largest CDMO serving the Indian pharmaceutical industry
Akums Drugs and Pharmaceuticals Limited is the largest India-focused CDMO in terms of revenue, production capacity and clients served during the financial year 2023 (among CDMOs assessed by F&S) (Source: F&S Report). During the financial year 2024, the company had a market share of 30.2% by value in the Indian domestic CDMO market.
Diverse client base with longstanding CDMO relationships
As of March 31, 2024, their client base for their CDMO business comprised 1,524 Indian and multinational pharmaceutical and wellness companies, increasing from 1,386 as of March 31, 2022.
The market leader’s client base includes pharmaceutical companies, nutraceutical companies, cosmo-derma companies, wellness companies, e-commerce companies, healthcare providers and central and state government entities.
Large and rapidly growing R&D capabilities across their product portfolio:
As of March 31, 2024, the company operates four dedicated R&D units. They have also engaged 406 R&D scientists across their businesses. As of March 31, 2024, they have obtained 1,448 trademarks across various dosage forms and formulations.
Further, as of March 31, 2024, they have procured 927 DCGI approvals and 5 patents (Source: F&S Report). As of the date of this Red Herring Prospectus, they have received approval from FSSAI for 923 formulations.
Akums Drugs and Pharmaceuticals ltd Risk Factors
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They rely on domestic and international third-party suppliers for the supply of raw materials. Any delay, interruption or reduction in such supply could adversely affect their business, results of operations, etc.
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The company had issued equity shares to more than 49 investors in the past, which may have been in non-compliance with the Companies Act, 1956.
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The company has incurred losses in the past and may incur losses in the future.
Key Strategies
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Leverage their leadership position to continue to increase their market share and consolidate their position in the CDMO market.
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Sustain R&D for product development across therapies and dosage forms.
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Expand their global presence through strategic initiatives.
Akums Drugs and Pharmaceuticals Ltd Key Financials
Here are the key financials for Akums Drugs and Pharmaceuticals Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for Akums Drugs & Pharmaceuticals Ltd IPO?
Here are the steps to apply for Akums Drugs & Pharmaceuticals Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Akums Drugs and Pharmaceuticals IPO FAQs
The Akums Drugs and Pharmaceuticals IPO opens for subscription from 30-07-2024 to 01-08-2024, with a total issue size of ₹1858.30 Cr. The IPO price band is ₹646 to ₹679 per share with a lot size of 22. The company aims to list the shares on BSE & NSE on 06-08-2024.
The Akums Drugs and Pharmaceuticals IPO will open for subscription on 30-07-2024 and will close on 01-08-2024 for investors.
The minimum lot size for the Akums Drugs and Pharmaceuticals IPO is 22 equity shares, requiring a minimum investment of ₹14938 for retail investors applying in the IPO.
The price band of the Akums Drugs and Pharmaceuticals IPO has been fixed at ₹646 to ₹679 per equity share.
You can apply for the Akums Drugs and Pharmaceuticals IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Akums Drugs and Pharmaceuticals IPO allotment will take place on [-].
You can check the Akums Drugs and Pharmaceuticals IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Akums Drugs and Pharmaceuticals shares will list on the stock exchanges on 06-08-2024.
You can find detailed information about the Akums Drugs and Pharmaceuticals IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The Akums Drugs and Pharmaceuticals Limited IPO has an issue size of Rs.1856.74 crores. The IPO opens for subscription on 30th July 2024 and closes on 1st Aug 2024
Link Intime India Private Limited is the registrar for this IPO.
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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