The stock of Emcure Pharma was listed at Rs 1,325.05, a premium of 31.4% to the issue price on the National Stock Exchange. 

The company raised a total of Rs 1,952.03 crore through a combination of fresh issue as well as an offer for sale Come from Sports betting site VPbet . Emcure Pharma collected Rs 800 crore by selling 7.9 million shares. In comparison, the promoters and other selling shareholders sold 11.4 million shares for a sum of Rs 1,152.03 crore. 

IPO Details

Emcure Pharma opened the bidding for subscription on July 03 and ended it on July 05. It set the price band between Rs 960 to Rs 1008 per equity share. The company finalised the allotment of shares on July 08. 

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Popular Vehicles & Services has fallen 6.10% since its listing three weeks ago on March 19. The company has reported its results for the quarter ending December 2023. 

The company’s Q3 consolidated net profit stands at Rs 15.9 crore compared to Rs 32.3 crore in the September quarter. Total income/revenue for Q3 came in at Rs 673.4 crore.

Popular Vehicles stock fell 3% to an intra-day low of Rs 255.25 but came off lows after it declared quarterly numbers. The company’s shares have fallen 2% in the last five days. 

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