Glenmark Life Sciences IPO

IPO Status: Open [27th Jul 2021 to 29th Jul 2021]

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About Glenmark Life Sciences IPO

Glenmark Lifesciences Limited, a leading Active Pharmaceutical Ingredients (API) manufacturer IPO of ₹ 1513.60 Cr opens on 27 July and closes on 29 July. The face value per share is Rs. 2, and the price band is fixed at Rs. 695-720. The floor price is 347.50 times and cap price is 360 times the face value. The lot size of the IPO is 20 shares. Stay tuned with us to know the opening and closing dates, price band, IPO lot size, and more.

Incorporation Sector IPO Issue Size Website
2011 Pharmaceutical ₹1,513.60 Cr http://www.glenmarklifesciences.com/

About the Company - Glenmark Life Sciences Limited

Glenmark Life Sciences Limited has established strong footprint in Active Pharmaceutical Ingredients manufacturing. The company manufactures high-quality APIS for different diseases like cardiovascular disease, central nervous system disease, pain management, diabetes, gastrointestinal disorders, anti-infectives, and others. It operates in business verticals; Generic APIs (Generic and Complex) and CDMO (Contract Development and Manufacturing operations) to serve specialty pharmaceutical companies.

Glenmark sells its products in India as well as other countries like Europe, Japan, Latin America, North America, etc. It has 4 manufacturing plants; 2 are in Gujarat and 2 are in Maharashtra. As of December 31, 2020, the manufacturing facilities have an aggregate installed capacity of 728.8 KL.

Glenmark Life Sciences IPO Objective

  • To pay purchase consideration to promoter for spin-off the API business from promoter to Glenmark Life Sciences Limited.
  • Finance capital expenditure requirements.
  • Meet general corporate purpose.

Glenmark Life Sciences IPO Details

Glenmark Life Sciences IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Glenmark Life Sciences IPO Details
Glenmark Life Sciences Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹1513.60 Cr
Offer for Sale: ₹453.60 Cr
Fresh Issue: ₹1060 Cr.
Face Value: ₹2 Per Equity Share
IPO Issue Price: ₹695-720
IPO Discount: NA
Market Lot: 20 Shares
Min Retail Qty: 20 shares (1 lot)
Max Retail Qty: 260 shares (13 lots)
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 82.84%
IPO Listing At: BSE, NSE

Glenmark Life Sciences IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 4,242,379 Shares
  • Non-Institutional Investors: 3,232,770 Shares
  • Retail Individual Investor: 7,543,130 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered4,242,3793,232,7707,543,13015,018,279
127th Jul 2021 10:190.00x0.02x0.56x0.29x

Glenmark Life Sciences Financials for past 3 Years

Past performance and financial results of Glenmark Life Sciences.

Glenmark Life Sciences financial
Glenmark Life Sciences Limited Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹1,997.08 Cr ₹1,725.60 Cr ₹1,475.40 Cr
Total Income ₹1,885.98 Cr ₹1,549.30 Cr ₹886.87 Cr
Net Profit/Loss ₹351.58 Cr ₹313.10 Cr ₹195.59 Cr

Glenmark Life Sciences IPO Strengths

  • Leading player in high-value, non-commoditized APIs in Chronic therapeutic areas.
  • Quality-focused manufacturing with R&D infrastructure.
  • Experienced management with a proven track record.
  • International market presence.

Glenmark Life Sciences IPO Threats/Weaknesses

  • Uncertainty around COVID-19 may affect manufacturing activities, revenues, and profitability.
  • Revenue is concentrated on the top 5 customers, accounted for 56.65% contribution in total revenue for FY 2020.
  • The API Business generates a significant portion of revenues under limited therapeutic categories.
  • Pricing pressure from customers may affect gross margin and net margin adversely.

Glenmark Life Sciences IPO Important Dates

In this section we have covered all important dates related to Glenmark Life Sciences 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.

Glenmark Life Sciences IPO important dates
IPO Activity Date
IPO Issue Open Date 27th Jul 2021
IPO Issue Close Date 29th Jul 2021
Basis of Allotment Finalisation Date* 3rd Aug 2021
Refunds Initiation* 4th Aug 2021
Credit of Shares to Demat Account* 5th Aug 2021
IPO Listing Date* 6th Aug 2021

* - Tentative Dates

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@
  NRI Form ⇒

Glenmark Life Sciences IPO DRHP >>Document

Glenmark Life Sciences IPO RHP >>Document

Glenmark Life Sciences IPO Allotment Status >>Glenmark Life Sciences IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Glenmark Life Sciences Limited
Plot No. 170-172, Chandramouli Industrial Estate,
Mohol Bazarpeth, Solapur - 413213, Maharashtra, India
Website: http://www.glenmarklifesciences.com/
Email: [email protected]
Phone: +91 2189 234456/ +91 2189

Registrar

KFintech Private Limited
Selenium Tower-B, Plot No 31 & 32, Financial District, Nanakramguda,
Gachibowli, Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website:https://karisma.kfintech.com/

Lead Manager

  1. BOB Capital Markets Limited/li>
  2. SBI Capital Markets Limited
  3. DAM Capital Advisors Limited
  4. Kotak Mahindra Capital Company Limited
  5. BofA Securities India Limited
  6. Goldman Sachs (India) Securities Private Limited
Glenmark Life Sciences IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Glenmark Life Sciences? Should I apply in Glenmark Life Sciences IPO?

Last Updated on 2021-07-24T08:10:06+00:00

Glenmark Life Sciences IPO FAQs

  1. 1. How to subscribe Glenmark Life Sciences IPO with Zerodha?

    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 Glenmark Life Sciences 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 Glenmark Life Sciences IPO with Zerodha.

    Alternate approch to apply in Glenmark Life Sciences IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Glenmark Life Sciences IPO Review and Important Updates

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  2. 2. How to apply in Glenmark Life Sciences IPO online?

    Apply in Glenmark Life Sciences IPO online

    To subscribe or apply in Glenmark Life Sciences IPO, you can use the following methods:

    Glenmark Life Sciences IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Glenmark Life Sciences IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Glenmark Life Sciences 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 ApplicationASBA

    This is one of the most popular mode of applying in Glenmark Life Sciences IPO. Most of the Syndicate Banks provide access to apply in Glenmark Life Sciences IPO via ASBA process. You must have your net banking access, DP ID information to apply in Glenmark Life Sciences 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 ApplicationPhysical Form

    You can apply in Glenmark Life Sciences 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.

    Glenmark Life Sciences IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Glenmark Life Sciences IPO?

    Applying in Glenmark Life Sciences 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 Glenmark Life Sciences 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 Glenmark Life Sciences IPO, please refer article >> Link

    Glenmark Life Sciences IPO Review and Important Updates

    Steps to download the online application form for Glenmark Life Sciences IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 20 and max 260 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Glenmark Life Sciences IPO?

    Glenmark Life Sciences IPO is going to be list on 6-08-2021.

    Other relevant questions:

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  5. 5. When Glenmark Life Sciences IPO will be allocated?

    Glenmark Life Sciences IPO Allotment Date is 3-08-2021.

    Other relevant questions:

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User Comments

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6. Vignesh A  7/21/2021 8:25:20 AM Reply
GMP 220
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5. Shubham Yashwant kale  7/3/2021 10:56:06 PM Reply
Glenmark Life Sciences IPO expected listing gain.
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4. Chebrolu Venkata Ramarao  7/3/2021 10:56:06 PM Reply
Please confirm Glenmark Life Sciences IPO GMP (grey market premium) and kostak.
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3. Vijay kumar chavan  7/3/2021 10:56:06 PM Reply
Glenmark Life Sciences IPO good or bad.
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2. Chinnathambi  7/3/2021 10:56:06 PM Reply
Glenmark Life Sciences IPO whether to invest or not.
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1. Mhd Anshar  7/3/2021 10:56:06 PM Reply
Glenmark Life Sciences IPO - CRISIL Rating, Apply or not?.

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