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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 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

Gland Pharma IPO Date Nov 9, 2020 to Nov 11, 2020
Gland Pharma IPO Face Value ₹1 per share
Gland Pharma IPO Price ₹1490 to ₹1500 per share
Gland Pharma IPO Lot Size 10 Shares
Issue Size43,196,968 shares of ₹1
(aggregating up to ₹6,479.55 Cr)
Fresh Issue8,333,333 shares of ₹1
(aggregating up to ₹1,250.00 Cr)
Offer for Sale34,863,635 shares of ₹1
(aggregating up to ₹5,229.55 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Gland Pharma IPO Timeline (Tentative Timetable)

Gland Pharma IPO opens on Nov 9, 2020, and closes on Nov 11, 2020. The Gland Pharma IPO bid date is from Nov 9, 2020 10.00 A.M. to Nov 11, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Gland Pharma IPO Opening Date Nov 9, 2020
Gland Pharma IPO Closing Date Nov 11, 2020
Basis of Allotment Nov 17, 2020
Initiation of Refunds Nov 18, 2020
Credit of Shares to Demat Nov 19, 2020
Gland Pharma IPO Listing Date Nov 20, 2020

Gland Pharma IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 10 ₹15,000
Retail (Max) 13 130 ₹195,000

Gland Pharma IPO Promoter Holding

Pre Issue Share Holding 74%
Post Issue Share Holding 58%

Gland Pharma IPO Review

No doubt that currently, the pharma sector is attracting investors following COVID-19 pandemic and the search of remedies for it globally. This company has posted good performance for the last three fiscals and spectacular numbers for Q1 of FY21, but will it sustain going forward is a major concern in the present context of negative sentiment for China connections globally. Based on P/BV and P/E parameters, the issue appears fully priced. Considering all these, though it sounds lucrative bet for the long term, risk savvy, cash surplus investors may consider investment at their own risk in this China connected IPO. Read detail review...


Gland Pharma IPO Subscription Status (Bidding Detail)

The Gland Pharma IPO is subscribed 2.06 times on Nov 11, 2020 6:00:01 PM. The public issue subscribed 0.24 times in the retail category, 6.40 times in the QIB category, and 0.51 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB6.40
NII0.51
Retail0.24
Total2.06

Gland Pharma IPO Prospectus

Gland Pharma IPO Rating

1383
3.3
Rating:Rated 3.3 stars
Vote Here ...

Gland Pharma IPO Listing Date

Listing Date Friday, November 20, 2020
BSE Script Code 543245
NSE Symbol GLAND
Listing In B Group of Securities
ISIN INE068V01023
IPO Price ₹1500 per share
Face Value ₹1 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,500.00
₹1,701.00
₹1,701.00
₹1,850.00
₹1,820.45
NSE
₹1,500.00
₹1,710.00
₹1,700.00
₹1,850.00
₹1,819.55

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

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

Gland Pharma IPO FAQs

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 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.

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.

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

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

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.

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.

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

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1156 Comments

572. BHARAT BHAGWANDAS BHATIA |   Link |Jan 27, 2021 5:45:52 AM
give details about Gland Pharma Ltd bid price and date of issue
571. German |   Link |Jan 23, 2021 5:29:53 PM
@Arjun Rajkot - Any views on results and way forward please
570. arunARUN |   Link |Jan 22, 2021 4:41:29 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Gland pharma Dec 31st, 2020 results

https://www.bseindia.com/xml-data/corpfiling/AttachLive/2f540809-3f9d-468c-b412-61899e8e7e47.pdf
569. All Time High |   Link |Jan 15, 2021 12:58:09 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Rallied 5% today!
568. stalingard |   Link |Jan 10, 2021 3:28:08 PM
Gland Pharma''s result should be good considering below new, even thought it is bit old but worth to take into account.
China’s regulatory authority accepts Fosun Pharma clinical trial application of mRNA vaccine candidate (https://www.fosunpharma.com/en/news/news-details-3818.html)
567. All Time High |   Link |Jan 5, 2021 8:51:50 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Gland rallied 3.2% yesterday.....and again started at positive note today!
567.1. Kishore S |   Link |Jan 6, 2021 9:01:57 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Less floating available. Can blast anytime
566. Aniketiaf |   Link |Jan 1, 2021 8:53:11 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
TCS BUYBACK

Total Share tendered = 120 Lakh
(HNI+Retails)
Retail quota = 80 Lakh

So, a 100% AR in TCS is almost certain.

Thanks.
566.2. ganesh jaiswal |   Link |Jan 2, 2021 2:54:13 AM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Read Dipti as Wipro
566.3. Aniketiaf |   Link |Jan 2, 2021 6:21:20 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
jaiswal je
I am not tendering.
I think, it may follow the path of NMDC ,Kiocl after completion of Buyback process.
Thanks.
565. Arjun Rajkot |   Link |Dec 31, 2020 10:48:07 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ 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
565.1. ganesh jaiswal |   Link |Jan 1, 2021 6:46:48 AM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
One of the best performance after IPO listing of year 2020.
A portfolio stock, next Divis in pharma injectable sectors.
I am still keeping Divis labs in my portfolio purchased @607.
564. All Time High |   Link |Dec 30, 2020 12:19:04 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Hey Admin!

Correct previous Closing Price as....
563. Arjun Rajkot |   Link |Dec 28, 2020 11:46:21 AM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Thank You Everyone for Investment In Gland
Today Target Reached of 2500?

Next Target 3200?
March 31, 2020
563.1. Neelay Patel |   Link |Dec 28, 2020 2:59:17 PM
Thank you very much for your king information about Gland pharma. Really appreciate u a lot
563.2. Ashish Khater |   Link |Dec 28, 2020 9:49:00 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Thank you very much for guiding in Gland Pharma.

Ashish Khater

562. Arjun Rajkot |   Link |Dec 20, 2020 10:55:32 AM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
562.1. ipobull |   Link |Dec 20, 2020 10:15:35 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Very good. I shall hold on to it for long term.
562.2. ganesh jaiswal |   Link |Dec 25, 2020 5:14:17 PM
IPO Guru IPO Guru (1000+ Posts, 600+ 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 |   Link |Dec 25, 2020 10:46:10 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Hey Admin!

Correct previous Closing Price as....
2408.35 / 55.30 (2.35%) at 15:56:13
560. Arjun Rajkot |   Link |Dec 20, 2020 10:55:28 AM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
559. Arjun Rajkot |   Link |Dec 20, 2020 10:53:36 AM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
558. Arjun Rajkot |   Link |Dec 7, 2020 9:42:56 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Keep buying Gland

Target Revised 2850
Target Time 31st March

Buy
Buy
Buy
Buy
Buy
558.1. ipobull |   Link |Dec 8, 2020 8:50:48 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Bought 100 shares today @ 2350
557. Maximizer |   Link |Dec 7, 2020 4:36:18 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Gland has rallied again 8% today!!!
556. lekker |   Link |Nov 20, 2020 8:55:19 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ 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 |   Link |Nov 28, 2020 11:55:24 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Dear lekker what's your suggestion for burger king ipo?
555. ganesh jaiswal |   Link |Nov 28, 2020 1:35:34 AM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Gland after listing is running in 2000-2200 channel. 2nd quarter result awaited.
554. Arjun Rajkot |   Link |Nov 26, 2020 9:40:53 AM
IPO Mentor IPO Mentor (500+ Posts, 1000+ 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 |   Link |Nov 26, 2020 11:49:20 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ 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 |   Link |Nov 26, 2020 12:09:27 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
That's Called

Iski Topi uske Sar....

553. Arjun Rajkot |   Link |Nov 25, 2020 7:59:10 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Buy on dip Gland..

Buy below 1999.......

Target 2248
Next 2499...
1 Month
553.1. Ashish Khater |   Link |Dec 7, 2020 6:53:00 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Slowly approaching Your Target Sirji

Ashish Khater