The Pharma IPO Boom Continues. Which Ones Will Stand Out?

[email protected]03 Dec, 2021News

The Covid-19 pandemic created a sea of opportunities for the healthcare sector. Several pharma and specialty chemical companies launched their initial public offerings (IPOs), hastened by the disruptions brought about by the pandemic. The frenzy of IPOs shows no sign of slowing down. At least not immediately. On Friday itself, two such firms in the space- Vijaya Diagnostic Centre and Ami Organics- are set to close their listings. Bain Capital-backed Emcure Pharmaceuticals, whose unit is developing India's first indigenous mRNA COV?ID-19 vaccine, is waiting closely on their heels, having already filed its draft red herring prospectus to raise about Rs 4,500 crore. Overall, riding on bullish investor interest in the healthcare sector, several pharma companies are tapping the IPO market and looking to raise a whopping Rs 8,000 crore!