Akums Drugs and Pharmaceuticals Limited IPO
Akums Drugs and Pharmaceuticals Limited IPO
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Akums Drugs and Pharmaceuticals Limited's has transitioned to a publicly listed entity following its IPO debut on 06-08-2024 at the NSE, BSE exchange. The public offering successfully raised 2,73,68,143 Shares, consisting of 1,00,37,708 Sharesin new capital and ₹1175.75 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹646 to ₹679 and minimum application size of 22 shares. Market reception was evidenced through subscription activity between 30-07-2024 and 01-08-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 02-08-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Akums Drugs IPO About Company
Established in 2004, Akums Drugs and Pharmaceuticals Limited is a leading pharmaceutical CDMO providing end-to-end solutions in product development, manufacturing, R&D, regulatory dossier preparation, and testing for domestic and international markets. The company manufactures and sells branded drugs and APIs, with a diverse portfolio that includes tablets, capsules, liquids, injectables, eye drops, topicals, and even gummy bears. Akums has commercialized 4,025 formulations across more than 60 dosage forms and served 26 of India’s top 30 pharmaceutical companies by revenue in FY 2023. With 10 manufacturing units offering a combined annual capacity of 49.21 billion units and plans to commission two more by FY 2025, the company continues to scale its operations. Many of its facilities are accredited by global regulatory authorities such as EU-GMP, WHO-GMP, and US NSF. As of September 30, 2023, Akums employed 16,463 personnel, including 7,211 full-time and 9,252 contract staff.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Akums Drugs IPO Strength Factors
- Market Leader: Akums Drugs and Pharmaceuticals Limited is India's largest company focused on providing contract development and manufacturing services (CDMO) to the domestic pharmaceutical market (Source: F&S Report).
- Trusted by Top Brands: The company partners with 26 of the top 30 pharmaceutical companies in India by revenue in FY 2023, building long-term, trusted relationships.
- Strong R&D Strength: Akums has a fast-growing research and development team that continuously works on creating innovative products across its wide product portfolio.
Akums Drugs IPO Risk Factors
- Geographic Concentration: Akums' manufacturing units and R&D centers are mainly located in Haridwar, Uttarakhand. This makes the company vulnerable to economic, political, regulatory changes, or natural disasters in the region, which could affect its business operations and financial stability.
- Operational Disruptions: If Akums' manufacturing or R&D operations slow down or temporarily shut down, it could hurt the company's business performance, profits, and cash flow.
- Regulatory Compliance: Regular inspections and audits by regulatory authorities or clients may result in penalties or actions that could damage Akums' reputation and negatively impact its business, profits, and financial health.
Akums Drugs IPO Lead Manager(s)
- ICICI Securities Limited
- Axis Capital Limited
- Citigroup Global Markets India Private Limited
- Ambit Private Limited
Akums Drugs IPO Promoter(s)
- Sanjeev Jain
- Sandeep Jain
- Akums Master Trust
Akums Drugs IPO FAQs
Akums Drugs and Pharmaceuticals Limited IPO subscribed 63.56 times. The public issue subscribed 21.3 times in the retail category,90.09times in QIB, and 47.43 times in the HNI (10+) category byNovember 21, 2025 9:14:07 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Akums Drugs IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Akums Drugs IPO FAQs
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