एकम्स ड्रग्स का शेयर 7% ऊपर ₹725 पर लिस्ट: इश्यू प्राइस 679 रुपए था, 30 जुलाई से 1 अगस्त तक ओपन था IPO

Shares of Akms Drugs and Pharmaceuticals Limited were listed today at Rs 725, up nearly 7%. Its issue price was Rs 679. The issue opened on July 30 and closed on August 1. This company was established in the year 2004.

This IPO was open for bidding from August 1 to August 6. In three days, the IPO of Akms Drugs and Pharmaceuticals was subscribed a total of 63.44 times. The issue was subscribed 20.80 times in the retail category, 90.09 times in qualified institutional buyers (QIB) and 42.10 times in the non-institutional investors (NII) category.

The issue of Akms Drugs and Pharmaceuticals was ₹1,856.74 crore
This issue of Akms Drugs and Pharmaceuticals Limited was worth a total of ₹ 1,856.74 crores. For this, the company has issued 27,345,162 new shares worth ₹ 680 crores. At the same time, the existing investors of the company sold 17,330,435 shares worth ₹ 1,176.74 through Offer for Sale i.e. OFS.

Retail investors could bid for 286 shares in Akms Drugs
Akms Drugs and Pharmaceuticals Limited had fixed the price band of this issue at ₹646-₹679. Retail investors could bid for a minimum of one lot i.e. 22 shares. If you applied for 1 lot as per the upper price band of the IPO of ₹679, then you would have to invest ₹14,938 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 286 shares. For this, investors will have to invest ₹194,194 as per the upper price band.

10% of the issue was reserved for retail investors
The company had reserved 75% of the issue for qualified institutional buyers (QIB). Apart from this, about 10% was reserved for retail investors and the remaining 15% was reserved for non-institutional investors (NII).

Established in 2004
Established in 2004, Akms Drugs & Pharmaceuticals Ltd. is a pharmaceutical Contract Development and Manufacturing Organization (CDMO) offering a wide range of pharmaceutical products and services in India as well as overseas.

What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.