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Akums Drugs’ IPO opens on July 30

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Akums Drugs’ IPO opens on July 30
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26 July 2024 11:48 AM IST

New Delhi: Akum Drugs and Pharmaceuticals Ltd on Thursday said it has fixed a price band of Rs 646 to Rs 679 per share for raising Rs 1,857 crore through an initial public offering (IPO).The initial share-sale will open for public subscription on July 30 and conclude on August 1 and the bidding for anchor investors will open for a day on July 29, the company announced.

The company’s IPO is a combination of fresh issue of equity shares worth Rs 680 crore and an offer-for-sale (OFS) of 1.73 crore shares valued Rs 1,177 crore, at the upper-end of the price band, by promoters and an existing investor. Those selling shares in the OFS are Sanjeev Jain, Sandeep Jain and Ruby QC Investment Holdings Pte Ltd.

Akum Drugs IPO initial public offering price band equity shares offer-for-sale public subscription anchor investors fresh issue promoters existing investor share-sale 
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