Accretion Pharmaceuticals IPO: All You Need to Know (Simple & Easy).

Accretion Pharmaceuticals, a Gujarat-based pharma company, recently launched its IPO (Initial Public Offering) — a way for the company to raise money by selling shares to the public for the first time. Key Dates: • IPO Opened: May 14 • IPO Closed: May 16 • Allotment Date: May 19 • Listing Date (NSE Emerge): May 21 IPO Details: • Issue Size: ₹29.75 crore • Price Band: ₹96 to ₹101 per share • Final Price: ₹101 per share • Total Shares Offered: 29.46 lakh Before the public issue, on May 13, the company raised ₹2.13 crore from anchor investors by selling 2.11 lakh shares. Strong Investor Interest: • Investors applied for over 2 crore shares even though only 27.34 lakh shares were available. • That means the IPO was subscribed 7.32 times — showing good demand. How Will the Company Use the Funds? The money raised will be used for: • Buying new machines and upgrading their factory, • Repaying some of their loans, • Meeting daily business needs (working capital), • General corporate expenses. About the Company: Accretion Pharmaceuticals works in the pharma industry and is aiming for a market value (valuation) of ₹112 crore after listing. Quick Terms Explained: • IPO: First time a company sells shares to the public • Allotment: Decides who gets how many shares • Listing: When shares start trading on the stock exchange • Subscription: How many times more people applied for shares than were available Stay tuned for May 19 to check your allotment status, and mark May 21 for the listing day.