IPO Status: Closed [9th Nov 2020 to 11th Nov 2020]
Gland Pharma IPO is opening for subscription from 9th Nov 2020 to 11th Nov 2020. The IPO (India's largest pharma IPO) issue size is Rs 6,479.55 crore (Fresh issue of Rs 1250 crore and offer for sale of ~Rs 5230 crore). Gland Pharma IPO price band is Rs 1490 - Rs 1500 and IPO lot size is 10 shares and multiple of it. The IPO floor price is 1490 times, and the cap price is 1500 times the face value. Get here the complete Gland Pharma IPO review including all the information regarding the company like business, objective, strength, weakness, financials, IPO Price, IPO dates, GMP, and much more.
Gland Pharma Ltd started its journey as a contract manufacturer of liquid parenteral products, and today, it is the world's fastest-growing injectable company. Currently, its product portfolio includes sterile injectables, oncology & ophthalmic, and complex injectables. It delivers its product via liquid vials, pre-filled syringes, bags and drops, and ampoules.
With the growing product portfolio, the company has established seven manufacturing capabilities in India, including 22 Production Lines and 3 Active Pharmaceutical Ingredient (API) units. It keenly focuses on R&D investment and new technology to synthesize complex molecules to produce complex injectables.
The business has a global footprint in 60+ countries across five continents, including the US, Canada, Australia, India, Europe, etc. Its client base includes Sagent Pharmaceuticals, Apotex Inc, Fresenius Kabi USA, LLC, Athnex Pharmaceutical Division, LLC.
Gland Pharma IPO funds will be used for the following key purposes
Company may allocate up to 60% Shares of the QIB Portion to Anchor Investors.
Gland Pharma IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
| Gland Pharma Issue Details | Values |
|---|---|
| IPO Category | Mainline |
| IPO Issue Type | Book Built Issue IPO |
| IPO Issue Size | Aggregating up to ₹6,479.55 Cr |
| Offer for Sale | 34,863,635 shares |
| Fresh Issue | Aggregating upto ₹1250 Crore |
| Face Value | ₹1 Per Equity Share |
| IPO Issue Price | ₹1490-1500 |
| IPO Discount | NA |
| Market Lot | 10 Shares |
| Min Retail Qty | 10 Share (1 lot) |
| Max Retail Qty | 130 Shares (13 lots) |
| Promoter Holding Pre IPO | 74% |
| Promoter Holding Post IPO | 58.36% |
| IPO Listing At | BSE, NSE |
| BSE Code | |
| NSE Code |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 8,639,394 | 6,479,546 | 15,118,939 | 30,237,879 | 1 | 9th Nov 2020 17:02 | 0.00x | 0.01x | 0.08x | 0.04x | 2 | 10th Nov 2020 17:02 | 0.48x | 0.03x | 0.15x | 0.22x | 3 | 11th Nov 2020 18:02 | 6.40x | 0.51x | 0.24x | 2.06x |
Past performance and financial results of Gland Pharma.
| Gland Pharma IPO Financials | 31-March-2020 | 31-Mar-2019 | 31-Mar-2018 |
|---|---|---|---|
| Total Assets | ₹4,086.04 Cr | ₹3,523.55 Cr | ₹2,929.47 Cr |
| Total Income | ₹2,772.41 Cr | ₹2,129.77 Cr | ₹1,671.68 Cr |
| Net Profit/Loss | ₹772.86 Cr | ₹451.86 Cr | ₹321.05 Cr |
In this section we have covered all important dates related to Gland Pharma IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
| IPO Activity | Date |
|---|---|
| IPO Issue Open Date | 9th Nov 2020 |
| IPO Issue Close Date | 11th Nov 2020 |
| Basis of Allotment Finalisation Date* | 17th Nov 2020 |
| Refunds Initiation* | 18th Nov 2020 |
| Credit of Shares to Demat Account* | 19th Nov 2020 |
| IPO Listing Date* | 20th Nov 2020 |
* - Tentative Dates
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Gland Pharma IPO Draft Prospectus >>Document
Gland Pharma IPO Red Herring Prospectus >>Document
Gland Pharma IPO Allotment Status >>Link
Last Updated on 2020-11-17T23:35:57+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Gland Pharma IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Gland Pharma IPO with Zerodha.
Alternate approch to apply in Gland Pharma IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Gland Pharma IPO Review and Important Updates
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To subscribe or apply in Gland Pharma IPO, you can use the following methods:
| Gland Pharma IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Gland Pharma IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Gland Pharma IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Gland Pharma IPO. Most of the Syndicate Banks provide access to apply in Gland Pharma IPO via ASBA process. You must have your net banking access, DP ID information to apply in Gland Pharma IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Gland Pharma IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Gland Pharma IPO Review and Important Updates
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Applying in Gland Pharma IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Gland Pharma IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Gland Pharma IPO, please refer article >> Link
Gland Pharma IPO Review and Important Updates
Steps to download the online application form for Gland Pharma IPO
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Gland Pharma IPO is going to be list on 20-11-2020.
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Gland Pharma IPO Allotment Date is 17-11-2020.
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