Glenmark IPO GMP | Share Listing Date | Grey Market Premium

Glenmark Life Sciences Limited has released details regarding the IPO GMP for the month of July 2021. The company is to start the IPO from 27th July 2021 onwards. This will last for two days and ends on 29th July 2021. Glenmark IPO costs Rs. 1,514 crore and thus there will be a lot of issues and shares. In this post, we shall talk about the Glenmark IPO GMP Details. Check Glenmark IPO GMP and what could be the Glenmark Share Listing Date and its price band. Check Glenmark Grey Market Premium.

Glenmark IPO GMP Details 2021

The pharmaceuticals company is about to start the IPO on 27th July 2021. Glenmark IPO will be listed at BSE and NSE. Glenmark works on chronic therapeutic areas, pain management, cardiovascular diseases, and diabetes. In addition to this, it includes anti-infectives and gastrointestinal disorders. Life Sciences produces profitable products (Active Pharmaceutical Ingredients) that are technically complex. As you know the IPO dates, you should know that the money involved around is Rs. 1514 crore in the issue this time. The company is reputed for supplying 540 pharma companies across the world with its APIs. Since it was established in 2011, the company has had four manufacturing facilities now. These are at Gujarat (Ankleshwar and Dahej) and Maharashtra (Mohol and Kurkumbh).

GLENMARK IPO GMP
Glenmark Grey Market Price

Glenmark IPO Grey Market Premium

Now that you are aware of the IPO, we would like to provide more details on the same. Out of the Rs. 1,514 crore of the IPO, Rs. 1,060 crores is freshly added. Here, the company also has an Offer For Sale of Rs. 453.60 crore and an equity share of Rs. 2 per share. Through the Offer For Sale, the company decides to allocate around 63,00,000 shares. talking about the Glenmark Grey Market Price, Glenmark Life Sciences has it from Rs. 695 to Rs. 720. Moreover, the company wishes to generate approximately Rs. 1497.85 crore at the lower band (Rs. 698) and Rs. 1513.6 crore at the higher band (Rs. 720).

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In addition to this, the company has a lot size of 20 shares. Also, for the application, the minimum amount is Rs. 14,400. Furthermore, with the application of Rs. 187,200, the IPO lot size is 260 shares. At a maximum lot size, retail investors can apply to 13 lots. On the other hand, qualified institutional buyers have 50% reservation and non-institutional buyers have 15% allocation. Now, mentioning the dates, you should know that after the issue, the unsuccessful bidders will get refunds from 4th August. On the other hand, successful bidders will get the refunds from 5th August and Glenmark IPO will get listed on 6th August (tentatively).

Glenmark Life Science Ltd IPO Date 2021

CompanyGlenmark Life Sciences Limited
IPO Start27th July 2021
Last Date29th July 2021
Allotment3rd August 2021
Refunds4th August 2021
Demat Account Credit5th August 2021
Glenmark IPO Listing Date6th August 2021 (tentative)
SizeRs. 1514 crore (Approx.)
Fresh IssueRs. 1060 crore (Approx.)
Offer For Sale (OFS)Rs. 454 crore with 63,00,000 shares
Glenmark Grey Market PriceUpdating…
Face ValueRs. 2 Per Equity Share
ListingBSE and NSE
Price BandRs. 695 to Rs. 720 per Equity Share
Portion of Retail35%

Glenmark Life Sciences Grey Market Premium

Now, we would like to name the managers for the IPO. These are Kotak Mahindra Capital Company Ltd., Goldman Sachs (India) Securities Pvt. Ltd., BofA Securities India Ltd., SBI Capital Markets Ltd., and BOB Capital Markets Ltd. Other than this, the Registrar is KFin Technologies Pvt. Ltd. In addition to this, for FY21, the company has a profit of Rs. 351.58 crore and the revenue of Rs. 1885.16 crore. For FY20, the profit was Rs. 313.09 crores and revenue of Rs. 1537.51 crore.

Also, you should know that Glenmark Pharmaceuticals Ltd. is promoting the IPO 100%. The shareholding is 82.84%. In the above parts of the post, we have mentioned the work and areas the company deals with. With this post, you know the basic information required. We shall keep updating the information in the coming time.

Links For Glenmark Sciences GMP IPO Details 2021

Glenmark IPO GMP Details 2021Active
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Grey Market Premium IPO Glenmark 2021 FAQs

What is Glenmark Grey Market Price ?

today we are going to update it.

Which company is promoting Glenmark Life Sciences IPO this time?

Glenmark Pharmaceuticals Limited is the company promoting Glenmark Life Sciences Limited IPO.

What is the date for the Basis of Allotment for the Glenmark IPO?

The date for the Basis of Allotment for the Glenmark IPO is 3rd August 2021.

Can we know the Glenmark IPO price band?

Yes, the price band for Glenmark Life Sciences Limited is Rs. 695 to Rs. 720.

1 thought on “Glenmark IPO GMP | Share Listing Date | Grey Market Premium”

  1. The IPO of API manufacturer Glenmark Life Sciences is scheduled to hit the markets on July 27th, marking this year’s 29th public offering.

    The company was spun off as a wholly-owned API business subsidiary of Glenmark Pharmaceuticals in 2018.

    Even though it has been doing some good business owing to rising market and policy winds favoring generics and patent liberation, this IPO may not have come at a particularly good time, in light of Glenmark Life’s financial obligation to its parent.

    Reply

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