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Glenmark Life Sciences, founded in 2011, is the world’s largest producer of active pharmaceutical ingredients (APIs). The company creates high-quality APIs for cardiovascular disease (CVD), central nervous system disease (CNS), pain management, diabetes, gastrointestinal disorders, anti-infectives, and other therapeutic areas. It also provides services to speciality pharmaceutical firms through Contract Development and Manufacturing Operations (CDMO).
Its products are sold in India and also exported to Europe, North America, Latin America, Japan, and other nations. Currently,As of December 31, 2020, it had 4 manufacturing plants in Gujarat (Ankleshwar and Dahej) and Maharashtra (Mohol and Kurkumbh), with a total yearly installed capacity of 725.8 KL.
| Subscription Dates | 27 – 29 July 2021 |
| Price Band | INR695 – 720 per share |
| Fresh issue | INR1,060 crore |
| Offer For Sale | 63,00,000 shares (INR437.85 – 453.60 crore) |
| Total IPO size | INR1,497.85 – 1,513.6 crore |
| Minimum bid (lot size) | 20 shares |
| Face Value | INR2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| FY2018 | FY2019 |
Revenue | 1,202.2 | 1,405.5 |
Expenses | 892.8 | 1,001.7 |
Net income | 229.5 | 293.1 |
Margin (%) | 19.1 | 20.9 |
| FY2020 | FY2021 |
Revenue | 1,549.3 | 1,886.0 |
Expenses | 1,128.2 | 1,415.0 |
Net income | 313.6 | 351.1 |
Margin (%) | 20.2 | 18.6 |
Earnings Per Share (EPS): INR32.61
Price/Earnings (PE ratio): 21.31 – 22.08
Return on Net Worth (RONW): 46.71%
Net Asset Value (NAV): INR69.82 per share
Date | Glenmark IPO GMP |
5 August 2021 | INR90 |
4 August 2021 | INR90 |
3 August 2021 | INR100 |
2 August 2021 | INR110 |
31 July 2021 | INR130 |
Listed On : Aug 6, 2021
Issue Price : 720
Listing Day Close : 748.2
Listing Day Gain : 3.92
NSE : GLS
BSE : 543322
ISIN CODE : INE03Q201024
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IPO Opening Date: 27 July 2021
IPO Closing Date: 29 July 2021
Finalisation of Basis of Allotment: 3 August 2021
Initiation of refunds: 4 August 2021
Transfer of shares to demat accounts: 5 August 2021
Listing Date: 6 August 2021
Glenmark House,
B. D. Sawant Marg, Andheri (East),
Mumbai 400099, Maharashtra
Phone: +91 2189 234246
Email: complianceofficer@glenmarklifesciences.com
Website: www.glenmarklifesciences.com
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Category | Shares Offered | Day 1 |
QIB | 42,42,379 | 0.00 |
NII | 32,32,770 | 0.85 |
Retail | 75,43,130 | 5.17 |
Total | 1,50,18,279 | 2.78 |
Category | Day 2 | Day 3 |
QIB | 1.39 | 36.97 |
NII | 3.40 | 122.54 |
Retail | 9.28 | 14.63 |
Total | 5.78 | 44.17 |
Glenmark Life Sciences IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,513.60 Crores. The issue is priced at ₹695 to ₹720 per equity share. The minimum order quantity is 20 Shares.
The initial public offering (IPO) begins on Jul 27, 2021 and ends on Jul 29, 2021…The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Glenmark Life Sciences IPO opens on Jul 27, 2021 and closes on Jul 29, 2021.
Glenmark Life Sciences IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.
Glenmark Life Sciences IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Glenmark Life Sciences IPO will be done on Aug 3, 2021, and the allotted shares will be credited to your demat account by Aug 5, 2021. Check the Glenmark Life Sciences IPO allotment status.
The Glenmark Life Sciences IPO listing date is on Friday, August 6, 2021.
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