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Patanjali Ayurved has acquired a stake in Magma General Insurance, while Allchem Lifescience seeks approval for an IPO to raise up to Rs 190 crore, including a fresh issue of equity shares worth Rs 130 crore for debt repayment and corporate purposes. Founded in 2017, Allchem specializes in active pharmaceutical ingredients and has developed 263 products, serving 148 domestic and 66 international customers. The company reported a revenue growth of 12.75% CAGR from FY22 to FY24, with a profit after tax growth of 28.65% during the same period.
Unichem Laboratories Limited
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allchem lifescience files for ipo to raise funds for growth and debt repayment
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12:10 18.03.2025
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