Akums Drugs IPO Overview

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Akums Drugs and Pharmaceuticals, established in 2004, is coming with an IPO of INR 1,857 crore. The company offers pharmaceutical product development and manufacturing.

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IPO Subscription Dates: Opens on 30 July 2024, and closes on 1 August 2024.

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IPO Allotment and Listing: Allotment will be done on 2 August 2024, and listing on 6 August 2024, on BSE and NSE.

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Price band is set at ₹646 to ₹679 per share; minimum lot size of 22 shares. For retail investors, amount needed for 1 lot is ₹14,938.

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Coming to financial performance, the company generated revenue of ₹4,212 crore in FY 2024; PAT of ₹0.79 crore, a drop from the previous year.

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Key Metrics: ROE: 0.11%, ROCE: 3.37%, Debt/Equity: 0.69, PAT Margin: 0.02%.

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Image: Unsplash