Gland Pharma Limited IPO (Gland Pharma IPO) Detail

Nov 9, 2020 - Nov 11, 2020

Gland Pharma Ltd, the Hyderabad-based company is one of the fastest-growing generic injectable companies. It manufactures a diversified range of high-quality complex injectables. The company offers products like sterile injectables, oncology, and ophthalmics, complex injectables (peptides, suspensions, hormonal products, long-acting injectables), NCE-1s, First-to-File products, etc.

The company follows a B2B model to sell its products in more than 60 countries including the US, Canada, Australia, India, Europe, etc. Leading pharma companies i.e. Sagent Pharmaceuticals, Apotex Inc. Athnex Pharmaceutical Division, LLC, Fresenius Kabi USA, LLC, etc. are some of the key customers.

It has 7 robust manufacturing units in India comprising 4 finished formulations facilities, 22 production lines, and 3 APIs.

Company Strengths

  • The extensive product portfolio of complex injectables.
  • Diversified B2B model with a targeted B2C model in India.
  • Strong manufacturing capabilities.
  • Robust financial track record.
  • Experienced and qualified managerial team.

Company Promoters:

Fosun Pharma Industrial Pte. Ltd and Shanghai Fosun Pharmaceutical (Group) Co. Ltd is the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in million)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 46,912.65 40,860.39 35,235.49 29,294.68
Total Revenue 9,162.89 27,724.08 21,297.67 16,716.82
Profit After Tax 3,135.90 7,728.58 4,518.56 3,210.51

Objects of the Issue:

The net proceeds from the IPO will be used for the following purposes:

  1. To finance the incremental working capital requirements of our Company
  2. To meet funding requirements for capital expenditure requirements
  3. To meet the general corporate purposes

Gland Pharma IPO Details

IPO Opening DateNov 9, 2020
IPO Closing DateNov 11, 2020
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price₹1490 to ₹1500 per equity share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, NSE
Issue Size43,196,968 Eq Shares of ₹1
(aggregating up to ₹6,479.55 Cr)
Fresh Issue8,333,333 Eq Shares of ₹1
(aggregating up to ₹1,250.00 Cr)
Offer for Sale34,863,635 Eq Shares of ₹1
(aggregating up to ₹5,229.55 Cr)

Gland Pharma IPO Tentative Timetable

The Gland Pharma IPO open date is Nov 9, 2020, and the close date is Nov 11, 2020. The issue may list on Nov 20, 2020.

IPO Open DateNov 9, 2020
IPO Close DateNov 11, 2020
Basis of Allotment DateNov 17, 2020
Initiation of RefundsNov 18, 2020
Credit of Shares to Demat AccountNov 19, 2020
IPO Listing DateNov 20, 2020

Gland Pharma IPO Lot Size

The Gland Pharma IPO market lot size is 10 shares. A retail-individual investor can apply for up to 13 lots (130 shares or ₹195,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum110₹15,000
Maximum13130₹195,000

Gland Pharma IPO Promoter Holding

Pre Issue Share Holding74%
Post Issue Share Holding58%

Related Articles

Gland Pharma IPO Subscription Status (Bidding Detail)

The Gland Pharma IPO is subscribed 2.06x times on Nov 11, 2020 18:00. The public issue subscribed 0.24x in the retail category, 6.40x in the QIB category, and 0.51x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

6.40x

NII

0.51x

RII

0.24x

Total

2.06x

Gland Pharma IPO Prospectus

Gland Pharma IPO Rating

1383
3.3
Rating:Rated 3.3 stars

Vote Here ...

Gland Pharma IPO Listing Date

Listing DateFriday, November 20, 2020
BSE Script Code543245
NSE SymbolGLAND
Listing InB Group of Securities
ISININE068V01023
IPO Price₹1500 per equity share
Face Value₹1 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹1,500.00
₹1,701.00
₹1,701.00
₹1,850.00
₹1,820.45
787,955
NSE
₹1,500.00
₹1,710.00
₹1,700.00
₹1,850.00
₹1,819.55
11,310,647

Company Contact Information

Gland Pharma Limited
Sy. No. 143 - 148, 150 and 151,
Near Gandi Maisamma 'X' Roads, D.P. Pally,Dundigal
Medchal-Malkajgiri District, Hyderabad

Phone: +91 40 3051 0999
Email: investors@glandpharma.com
Website: http://www.glandpharma.com

Gland Pharma IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: glandpharma.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Gland Pharma IPO FAQs

  1. What is Gland Pharma IPO?

    Gland Pharma IPO is a main-board IPO of 43,196,968 equity shares of the face value of ₹1 aggregating up to ₹6,479.55 Crores. The issue is priced at ₹1490 to ₹1500 per equity share. The minimum order quantity is 10 Shares.

    The IPO opens on Nov 9, 2020, and closes on Nov 11, 2020.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in Gland Pharma IPO through Zerodha?

    Zerodha customers can apply online in Gland Pharma IPO using UPI as a payment gateway. Zerodha customers can apply in Gland Pharma IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Gland Pharma IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Gland Pharma IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Gland Pharma IPO will open?

    The Gland Pharma IPO opens on Nov 9, 2020 and closes on Nov 11, 2020.

  4. What is the lot size of Gland Pharma IPO?

    Gland Pharma IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.

  5. How to apply for Gland Pharma IPO?

    You can apply in Gland Pharma IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Gland Pharma IPO allotment?

    The finalization of Basis of Allotment for Gland Pharma IPO will be done on Nov 17, 2020, and the allotted shares will be credited to your demat account by Nov 19, 2020. Check the Gland Pharma IPO allotment status.

  7. When is Gland Pharma IPO listing date?

    The Gland Pharma IPO listing date is on Friday, November 20, 2020.

Gland Pharma IPO Message Board

Ranked Members  Ranked Members

Loading...
568. BHARAT BHAGWANDAS BHATIA |Jan 27, 2021 05:45
give details about Gland Pharma Ltd bid price and date of issue
568.1. arunARUN |Jan 27, 2021 17:17
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
It was done on 25th Jan night itself
567. German |Jan 23, 2021 17:29
@Arjun Rajkot - Any views on results and way forward please
566. arunARUN |Jan 22, 2021 16:41
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Gland pharma Dec 31st, 2020 results

https://www.bseindia.com/xml-data/corpfiling/AttachLive/2f540809-3f9d-468c-b412-61899e8e7e47.pdf
565. Arjun Rajkot |Dec 31, 2020 22:48
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Gland Result on 23 rd January
March 31 Target 3200

Gland Profits for 9 month Ended 2020 Dec likely to 825-870 CR.
Which on Annual basis may 1100 CR
564. All Time High |Dec 30, 2020 12:19
Hey Admin!

Correct previous Closing Price as....
563. Arjun Rajkot |Dec 28, 2020 11:46
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Thank You Everyone for Investment In Gland
Today Target Reached of 2500?

Next Target 3200?
March 31, 2020
562. Arjun Rajkot |Dec 20, 2020 10:55
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
562.1. ipobull |Dec 20, 2020 22:15
Very good. I shall hold on to it for long term.
562.2. ganesh jaiswal |Dec 25, 2020 17:14
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Anchors institutional shareholders usually never sell shares of a company with more than 40% above IPO price. They want price appreciation and Gland pharma is giving them that opportunity.
561. All Time High |Dec 25, 2020 10:46
Hey Admin!

Correct previous Closing Price as....
2408.35 / 55.30 (2.35%) at 15:56:13
560. Arjun Rajkot |Dec 20, 2020 10:55
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
559. Arjun Rajkot |Dec 20, 2020 10:53
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
558. Arjun Rajkot |Dec 7, 2020 21:42
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Keep buying Gland

Target Revised 2850
Target Time 31st March

Buy
Buy
Buy
Buy
Buy
558.1. ipobull |Dec 8, 2020 20:50
Bought 100 shares today @ 2350
557. Maximizer |Dec 7, 2020 16:36
Gland has rallied again 8% today!!!
556. lekker |Nov 20, 2020 08:55
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Great listing like HDFC life, applied allotted and enjoyed the profit also, Maja aa gaya with firm allotment.

Big thumbs up to Rajakumar Sir, EE Mam.
556.1. God is Great |Nov 28, 2020 11:55
Dear lekker what's your suggestion for burger king ipo?
555. ganesh jaiswal |Nov 28, 2020 01:35
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Gland after listing is running in 2000-2200 channel. 2nd quarter result awaited.
554. Arjun Rajkot |Nov 26, 2020 09:40
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Gland Pharma Block of 30 L shares available with Brokers clusters in Mumbai.
They along with Company are in talks with FII or DII
for Selling IPO allotees at 2250 Rs per Piece.

Rajkot Brokers Association
554.1. rsk |Nov 26, 2020 11:49
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Thoda Yudhisthir jaisa bat karen.
Bazar mei 2100 par mil raha hai.
aaj tak koi block/bulk deal nahi dekhi. FIIs normally buy on first day as there is huge volume available.
At current EPS seems fairly valued, unless there are new drivers.
554.2. Arjun Rajkot |Nov 26, 2020 12:09
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
That's Called

Iski Topi uske Sar....

553. Arjun Rajkot |Nov 25, 2020 19:59
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Buy on dip Gland..

Buy below 1999.......

Target 2248
Next 2499...
1 Month
553.1. Ashish Khater |Dec 7, 2020 18:53
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Slowly approaching Your Target Sirji

Ashish Khater

552. IPOANALYSIS |Nov 25, 2020 08:28
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Buy gland pharma . 2500 -2700 coming soon. Stock moved from weak hands to strong hands. Retailers have exited. Now momentum to start.
551. PowerUser |Nov 24, 2020 09:51
Sorry I cant really tell you what to do. It depends on your risk appetite.

I can tell you the process what happens if it goes bust. In general, NCDs are secured but not all of them. it means if company goes bust, NCD holders will have first right to the assets which were mentioned in NCD issue time. There is a trustee who is supposed to take care of NCD holders interests. This trustee will fight for NCD holders and get what ever the money from company and pay proportionately. But this recovery process usually takes years and finally you may get any where 0-100%, but surely huge loss.
551.1. KAMMA SIVA RAMA KRISHNA |Nov 24, 2020 14:22
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sir, I am indebted for your kind enlightenment. I have disposed 25%of NCDs at around 25% of loss. I am trying to dispose at least 25% more up to 30% of loss. Once again I thank you very much for your prompt response.
550. Srinivas munupally |Nov 23, 2020 22:56
all my family members applied, 140,80,50,30,30,50,70 all alloted
total profit 4.20 lakhs in gland pharma
550.1. mailashish |Nov 24, 2020 14:02
Congrats!!!
Although subscription was quite low, what prompted you to buy these many qty?
549. rsk |Nov 24, 2020 11:09
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Any news of bulk/block deal by 'biggies' on first 2 days? have not seen any.







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