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Breaking..
Aarti industrise...
Demerging.. Pharma business..
Will give 1 share free against holding of 4 Aarti industries share...

Ex.date yet to declare...

New demerged company name will be Aariti pharmacuticle and Lab...Share of 5 Rupees.

*IPO: Bain Capital-Backed Emcure Pharmaceuticals Looks To List*

Pune-based Emcure Pharmaceuticals Ltd. filed its draft red herring prospectus with the Securities and Exchanges Board of India on Thursday. The company is looking to raise Rs 1,100 crore through a fresh issue of equity shares and also conduct an offer for sale of 1.82 crore shares owned by promoters, promoter group and other investors.

The selling shareholders include: Promoters Satish Mehta and Sunil Mehta who cumulatively own 48.05% stake in the company Family members of the promoters who own 33.55% stake BC Investments IV Ltd, an affiliate of Bain Capital, which owns 13.09% Other investors who own 4.23%

In the offer for sale, the promoters are looking to sell up to 22.8 lakh equity shares, the promoter group is looking to sell up to 37.35 lakh shares, BC Investments is looking to sell up to 99.5 lakh shares and other shareholders will look to sell 22 lakh shares.

The selling shareholders may also undertake a pre-IPO placement worth Rs 200 crore before filing the red herring prospectus, the DRHP said. Merchant bankers to the IPO include BoB Capital, Axis Capital, BofA Securities, Credit Suisse and JM Financial.

Emcure develops, manufactures and markets a broad range of pharmaceutical products - formulations, biologics, APIs - across major therapeutic areas including gynaecology, cardiology, blood-related, oncology, respiratory, CNS and HIV.

At least Rs 947.6 crore from the proceeds of the offer will be used to repay either full or a part of Emcure Pharma's borrowings, according to the DRHP. As of March 31, the company's total outstanding borrowings were at Rs 1,712 crore

Emcure Pharma's lenders include Export Import Bank of India, Aditya Birla Finance, Tata Capital, Shinhan Bank, Bajaj Finance, Bank of Maharashtra and Bank of Baroda.

*As of March 31, the company reported a consolidated net profit of Rs 419 crore, up over four times from Rs 101 crore reported a year ago. Consolidated total income for FY21 stood at Rs 6,092 crore, up 19% year-on-year*

Passive Vs Active

Over the years, as the alpha produced by actively managed funds in the US has come down significantly, investors moved their money to low-cost passively managed funds. Currently, passively managed funds make up more than 50% of total mutual fund assets under management (AUM), compared to 20% of total AUM in 2010. We may see a similar trend in India. Currently, less than 10% of the mutual fund AUM is in passively managed funds.

Two trends picking up ( India) - Passive funds investing and Investment in foreign equities ( stocks , etfs) ...

Bulk Deal as on 18-08-21

Aavas Financiers
+ 26.28 Lk @ 2449.92 Government of Singapore
+ 5.66 Lk @ 2449.92 Monetary Authority of Singapore
- 49.54 LK @ 2452.87 Lake District Holding Ltd

Artemis Electrical
+ 5 Lk @59.98 PravinKumar BrijendraKumar
Agarwal
- 4.79 Lk @ 60 Vespera Fund Ltd

Bsl Limited
- 68 K @ 61.06 Lic of India

Clean Science
+ 5.75 Lk @ 1518.42 Plutus Wealth Management LLP

Coffee Day
- 19.03 Lk @ 29.45 Kkr Mauritius Pe Investment II Ltd

Exxaro Tiles
- 4 Lk @ 123.81 Gdn Ventures LLP
+ 3.58 Lk @ 122.08 Nexpact Ltd

JP Associates
+ 1.22 Crore @ 8.37 Indianocean Shipping PVT LTD
- 1.22 Crore @ 8.37 Arya Excellence Services LLP

Karda Construction
+ 6.50 Lk @ 22.6 Elara India Opportunities Fund Ltd

N.B.I India Fin Co Ltd
+ 38 K @ 2948.45 Century Fibre plates Pvt Ltd
- 35 K @ 2050 Mahendra Girdharilal Wadhwani

Suryoday Small Bank
- 20.50 Lk @ 166.92 TVS Shriram Growth Fund
+ 20 K @ 166.74 Kuber India Fund

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