Macleods Pharma Gears Up for IPO, Files Draft Papers with SEBI

Macleods Pharmaceuticals is poised to enter the public market with its upcoming IPO. The company has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). Macleods Pharmaceuticals' IPO is expected to be the largest in the pharma sector so far. The size of the IPO will be determined following discussions regarding the company's valuation.

According to the DRHP filed with SEBI, Macleods Pharma is a leading company in the development and manufacturing of API (Active Pharmaceutical Ingredients) and finished dose pharmaceutical formulations. The IPO aims to list the company's shares on stock exchanges and proposes a sale of 60,482,040 equity shares by existing shareholders. The company believes that the proposed listing of its equity shares will enhance its brand image and provide a public market for its shares in India.

Kotak Mahindra Capital, ICICI Securities, Citigroup, Nomura, and Edelweiss Financial Services are the investment banks managing the IPO. Cyril Amarchand Mangaldas and Shardul Amarchand Mangaldas are serving as legal advisors.

Macleods Pharma was founded in 1989 by Dr. Rajendra Agarwal and his brothers, Girdhari Lal Bawri and Bandwari Lal Bawri, with the initial goal of producing anti-tuberculosis drugs.

Macleods Pharma is the seventh-largest company in the Indian pharmaceuticals market based on domestic sales. It develops, manufactures, and markets a wide range of formulations across several key therapeutic areas, including anti-infectives, cardiovascular, anti-diabetic, dermatology, and hormone treatments. For the year ending March 2021, the company generated revenue of ₹7,199 crore.

[Related News Snippets about Zomato and Food Inflation are included in the source but are not directly relevant to the Macleods Pharma IPO, so are excluded from this rephrased content.]

FAQ's

What are unlisted shares?

Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

How can I buy unlisted shares?

You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.

What is the share price of unlisted companies?

The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.

Are unlisted shares a good investment?

Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

How can I sell unlisted shares?

To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

What are the risks of investing in unlisted shares?

Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

What is the share price of unlisted companies?

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

How do I know the current value of unlisted shares?

The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.

Is there a minimum investment amount for unlisted shares?

The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.

Can I get a dividend from unlisted shares?

Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.

How do I know which unlisted shares are worth investing in?

It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.

Macleods Pharma Gears Up for IPO, Files Draft Papers with SEBI

Our Blogs

Real Reasons Investors Look at NCDEX Unlisted Shares

Ways to Find Trusted Sellers of NSE Unlisted Shares Easily

Steps to Verify Sellers of MSEI Unlisted Shares Safely

FAQ's

What are unlisted shares?

How can I buy unlisted shares?

What is the share price of unlisted companies?

Are unlisted shares a good investment?

How can I sell unlisted shares?

What are the risks of investing in unlisted shares?

What is the share price of unlisted companies?

How do I know the current value of unlisted shares?

Is there a minimum investment amount for unlisted shares?

Can I get a dividend from unlisted shares?

How do I know which unlisted shares are worth investing in?

Are unlisted shares taxed?