Akums is among the largest domestic market-focused Indian CDMOs on a revenue basis serving IPM, with a market share of 9.3% by value in FY23 in the total addressable Indian domestic CDMO market and 8.8% by volume in the total IPM market in FY23.
Akums, a Book Built Issue amounting to ₹1,856.73 crores, consisting a Fresh Issue of 100.14 Lakh Shares worth ₹680.00 Crores and an Offer for Sale of 173.30 Lakh Shares totalling to ₹1,176.73 Crores. The subscription period for the Akums IPO opens on July 30, 2024, and closes on August 01, 2024. The allotment is expected to be finalized on or about Friday, August 02, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Tuesday, August 06, 2024.
The Share price band of Akums IPO is set at ₹646 to ₹679 equity per share, with a minimum lot size of 22 shares. Retail investors are required to invest a minimum of ₹14,938, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (308 shares), amounting to ₹209,132.
ICICI Securities Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited and Ambit Private Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue.
Akums Drugs and Pharmaceuticals Limited IPO GMP Today
The Grey Market Premium of Akums Drugs and Pharmaceuticals Limited IPO is expected in the range of ₹70 to ₹100 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Akums Drugs and Pharmaceuticals Limited IPO Live Subscription Status Today
As of 09:28 PM on 01 August 2024, the Akums Drugs and Pharmaceuticals Limited IPO live subscription status shows that the IPO subscribed 63.56 times on on the final day of subscription period. Check the Akums Drugs and Pharmaceuticals Limited IPO Live Subscription Status Today at NSE.
Akums Drugs and Pharmaceuticals Limited IPO Allotment Status
Akums IPO allotment date is 02 August, 2024, Friday. Akums IPO Allotment will be out on 2nd August 2024 and will be live on Registrar Website from the allotment date. Check Akums Drugs and Pharmaceuticals Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Akums Drugs and Pharmaceuticals Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Akums Drugs and Pharmaceuticals Limited IPO
Akums Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
a. ₹1,599.10 Millions is required for Repayment/ prepayment of indebtedness of their Company;
b. ₹2,270.90 Millions is required for Repayment/ prepayment of indebtedness of their Subsidiaries namely, Maxcure Nutravedics Limited and Pure and Cure Healthcare Private Limited;
c. ₹550.00 Millions is required for Funding incremental working capital requirements of our Company;
d. Pursuing inorganic growth initiatives through acquisitions; and
e. General corporate purposes.
Refer to Akums Drugs and Pharmaceuticals Limited RHP for more details about the Company.
The Income Tax Return filing process at Finance Saathi is simple and completely online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your income sources and tax requirements. | Same Day |
| 2 | Document Collection – Required documents and income details collected. | Same Day |
| 3 | Tax Calculation – Accurate computation of income, deductions, and tax liability. | 1 Day |
| 4 | ITR Preparation – Preparation of the appropriate ITR form. | 1 Day |
| 5 | Client Approval – Return shared with client for confirmation. | Same Day |
| 6 | ITR Filing & Acknowledgment – Return filed on Income Tax portal and acknowledgment shared. | Same Day |
Estimated Total Duration: 1–2 Working Days
The Udyam registration process at Finance Saathi is quick and completely online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your business details and eligibility. | Same Day |
| 2 | Document Collection – Required business and identity details collected. | Same Day |
| 3 | Application Preparation – MSME registration application prepared on Udyam portal. | Same Day |
| 4 | Online Submission – Application submitted on the official Udyam registration portal. | Same Day |
| 5 | Verification & Processing – Government system verifies Aadhaar and PAN details. | Same Day |
| 6 | Udyam Certificate Issued – MSME registration certificate generated and shared. | Within 1–2 Days |
Estimated Total Duration: 1–2 Working Days
The GST return filing process at Finance Saathi is simple, structured, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
| 5 | Client Confirmation – Draft shared for approval before filing. | Same Day |
| 6 | GST Return Filing – Returns filed on the GST portal and acknowledgment shared. | Same Day |
Estimated Turnaround Time: 2–4 Working Days (per return period)
The GST revocation process at Finance Saathi is simple and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Case Review – Our experts analyze the cancellation order and eligibility for revocation. | Same Day |
| 2 | Compliance Check – Verification of pending returns and tax liabilities. | 1 Day |
| 3 | Document Preparation – Preparing explanation and supporting documents. | 1 Day |
| 4 | Revocation Application Filing – Submission of Form GST REG-21 on the GST portal. | 1 Day |
| 5 | GST Officer Review – Department reviews the application and may request clarification. | 2–3 Days |
| 6 | GSTIN Reactivation – GST registration restored after approval. | — |
Estimated Total Duration: 3–7 Working Days
The GST notice reply process at Finance Saathi is systematic and professional:
| Step | Process | Timeline |
|---|---|---|
| 1 | Notice Review – Our experts analyze the GST notice and identify the issue. | Same Day |
| 2 | Document Collection – Required invoices, returns, and records are gathered. | 1–2 Days |
| 3 | Case Analysis – Detailed examination of discrepancies and legal provisions. | 1 Day |
| 4 | Drafting Reply – Professional response prepared with supporting documents. | 1 Day |
| 5 | Client Approval – Reply shared with client for confirmation. | Same Day |
| 6 | Submission on GST Portal – Final reply submitted before deadline. | Same Day |
Estimated Resolution Time: 2–4 Working Days
The Income Tax notice handling process at Finance Saathi is systematic and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Notice Review – Our experts analyze the notice issued by the Income Tax Department. | Same Day |
| 2 | Document Collection – Required financial records and tax documents collected. | 1–2 Days |
| 3 | Case Analysis – Detailed evaluation of discrepancies and legal provisions. | 1 Day |
| 4 | Reply Drafting – Professional response prepared with supporting documents. | 1 Day |
| 5 | Client Confirmation – Draft reply shared for approval. | Same Day |
| 6 | Submission on Income Tax Portal – Final reply submitted before the deadline. | Same Day |
Estimated Total Duration: 2–4 Working Days
The GST return filing process at Finance Saathi is simple, structured, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
| 5 | Client Confirmation – Draft shared for approval before filing. | Same Day |
| 6 | GST Return Filing – Returns filed on the GST portal and acknowledgment shared. | Same Day |
Estimated Turnaround Time: 2–4 Working Days (per return period)
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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The IEC registration process at Finance Saathi is simple and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your import/export business requirements. | Same Day |
| 2 | Document Collection – Required documents and business details collected. | Same Day |
| 3 | Application Preparation – IEC registration application prepared on DGFT portal. | 1 Day |
| 4 | Online Submission – Application filed on the DGFT website. | Same Day |
| 5 | Verification & Processing – DGFT verifies application details. | 1–2 Days |
| 6 | IEC Certificate Issued – Import Export Code generated and delivered via email. | — |
Estimated Total Duration: 1–3 Working Days
The business tax filing process at Finance Saathi is simple and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your business structure and tax requirements. | Same Day |
| 2 | Document Collection – Financial records and tax documents collected. | 1–2 Days |
| 3 | Financial Review – Analysis of income, expenses, and deductions. | 1 Day |
| 4 | Tax Calculation & Return Preparation – Accurate computation and preparation of ITR form. | 1 Day |
| 5 | Client Approval – Draft return shared with client for confirmation. | Same Day |
| 6 | Return Filing – Business tax return filed on the Income Tax portal and acknowledgment shared. | Same Day |
Estimated Total Duration: 2–4 Working Days
The GST amendment process at Finance Saathi is simple, transparent, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand the amendment requirement. | Same Day |
| 2 | Document Collection – You share required documents digitally. | 1 Day |
| 3 | Application Preparation – Amendment application prepared on GST portal. | 1 Day |
| 4 | Filing GST Amendment – Submission of Form GST REG-14 online. | Same Day |
| 5 | GST Officer Review – Approval required for certain amendments. | 2–3 Days |
| 6 | Updated GST Certificate Issued – Amendment approved and updated in GST records. | — |
Estimated Total Duration: 2–4 Working Days
The ICEGATE registration process at Finance Saathi is simple and completely online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts verify IEC and business details. | Same Day |
| 2 | Document Collection – Required documents collected digitally. | Same Day |
| 3 | Application Preparation – ICEGATE registration application prepared. | 1 Day |
| 4 | Online Submission – Application submitted on ICEGATE portal. | Same Day |
| 5 | Verification – Customs system verifies submitted details. | 1–2 Days |
| 6 | ICEGATE Account Activation – Login credentials activated for portal access. | — |
Estimated Total Duration: 1–3 Working Days
The business tax filing process at Finance Saathi is simple and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your business structure and tax requirements. | Same Day |
| 2 | Document Collection – Financial records and tax documents collected. | 1–2 Days |
| 3 | Financial Review – Analysis of income, expenses, and deductions. | 1 Day |
| 4 | Tax Calculation & Return Preparation – Accurate computation and preparation of ITR form. | 1 Day |
| 5 | Client Approval – Draft return shared with client for confirmation. | Same Day |
| 6 | Return Filing – Business tax return filed on the Income Tax portal and acknowledgment shared. | Same Day |
Estimated Total Duration: 2–4 Working Days
The Udyam registration process at Finance Saathi is quick and completely online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your business details and eligibility. | Same Day |
| 2 | Document Collection – Required business and identity details collected. | Same Day |
| 3 | Application Preparation – MSME registration application prepared on Udyam portal. | Same Day |
| 4 | Online Submission – Application submitted on the official Udyam registration portal. | Same Day |
| 5 | Verification & Processing – Government system verifies Aadhaar and PAN details. | Same Day |
| 6 | Udyam Certificate Issued – MSME registration certificate generated and shared. | Within 1–2 Days |
Estimated Total Duration: 1–2 Working Days
The GST notice reply process at Finance Saathi is systematic and professional:
| Step | Process | Timeline |
|---|---|---|
| 1 | Notice Review – Our experts analyze the GST notice and identify the issue. | Same Day |
| 2 | Document Collection – Required invoices, returns, and records are gathered. | 1–2 Days |
| 3 | Case Analysis – Detailed examination of discrepancies and legal provisions. | 1 Day |
| 4 | Drafting Reply – Professional response prepared with supporting documents. | 1 Day |
| 5 | Client Approval – Reply shared with client for confirmation. | Same Day |
| 6 | Submission on GST Portal – Final reply submitted before deadline. | Same Day |
Estimated Resolution Time: 2–4 Working Days
The GST return filing process at Finance Saathi is simple, structured, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
| 5 | Client Confirmation – Draft shared for approval before filing. | Same Day |
| 6 | GST Return Filing – Returns filed on the GST portal and acknowledgment shared. | Same Day |
Estimated Turnaround Time: 2–4 Working Days (per return period)
The IEC registration process at Finance Saathi is simple and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your import/export business requirements. | Same Day |
| 2 | Document Collection – Required documents and business details collected. | Same Day |
| 3 | Application Preparation – IEC registration application prepared on DGFT portal. | 1 Day |
| 4 | Online Submission – Application filed on the DGFT website. | Same Day |
| 5 | Verification & Processing – DGFT verifies application details. | 1–2 Days |
| 6 | IEC Certificate Issued – Import Export Code generated and delivered via email. | — |
Estimated Total Duration: 1–3 Working Days
The GST return filing process at Finance Saathi is simple, structured, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
| 5 | Client Confirmation – Draft shared for approval before filing. | Same Day |
| 6 | GST Return Filing – Returns filed on the GST portal and acknowledgment shared. | Same Day |
Estimated Turnaround Time: 2–4 Working Days (per return period)
The GST amendment process at Finance Saathi is simple, transparent, and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand the amendment requirement. | Same Day |
| 2 | Document Collection – You share required documents digitally. | 1 Day |
| 3 | Application Preparation – Amendment application prepared on GST portal. | 1 Day |
| 4 | Filing GST Amendment – Submission of Form GST REG-14 online. | Same Day |
| 5 | GST Officer Review – Approval required for certain amendments. | 2–3 Days |
| 6 | Updated GST Certificate Issued – Amendment approved and updated in GST records. | — |
Estimated Total Duration: 2–4 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST revocation process at Finance Saathi is simple and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Case Review – Our experts analyze the cancellation order and eligibility for revocation. | Same Day |
| 2 | Compliance Check – Verification of pending returns and tax liabilities. | 1 Day |
| 3 | Document Preparation – Preparing explanation and supporting documents. | 1 Day |
| 4 | Revocation Application Filing – Submission of Form GST REG-21 on the GST portal. | 1 Day |
| 5 | GST Officer Review – Department reviews the application and may request clarification. | 2–3 Days |
| 6 | GSTIN Reactivation – GST registration restored after approval. | — |
Estimated Total Duration: 3–7 Working Days
The ICEGATE registration process at Finance Saathi is simple and completely online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts verify IEC and business details. | Same Day |
| 2 | Document Collection – Required documents collected digitally. | Same Day |
| 3 | Application Preparation – ICEGATE registration application prepared. | 1 Day |
| 4 | Online Submission – Application submitted on ICEGATE portal. | Same Day |
| 5 | Verification – Customs system verifies submitted details. | 1–2 Days |
| 6 | ICEGATE Account Activation – Login credentials activated for portal access. | — |
Estimated Total Duration: 1–3 Working Days
The Income Tax Return filing process at Finance Saathi is simple and completely online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation – Our experts understand your income sources and tax requirements. | Same Day |
| 2 | Document Collection – Required documents and income details collected. | Same Day |
| 3 | Tax Calculation – Accurate computation of income, deductions, and tax liability. | 1 Day |
| 4 | ITR Preparation – Preparation of the appropriate ITR form. | 1 Day |
| 5 | Client Approval – Return shared with client for confirmation. | Same Day |
| 6 | ITR Filing & Acknowledgment – Return filed on Income Tax portal and acknowledgment shared. | Same Day |
Estimated Total Duration: 1–2 Working Days
The Income Tax notice handling process at Finance Saathi is systematic and fully online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Notice Review – Our experts analyze the notice issued by the Income Tax Department. | Same Day |
| 2 | Document Collection – Required financial records and tax documents collected. | 1–2 Days |
| 3 | Case Analysis – Detailed evaluation of discrepancies and legal provisions. | 1 Day |
| 4 | Reply Drafting – Professional response prepared with supporting documents. | 1 Day |
| 5 | Client Confirmation – Draft reply shared for approval. | Same Day |
| 6 | Submission on Income Tax Portal – Final reply submitted before the deadline. | Same Day |
Estimated Total Duration: 2–4 Working Days
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