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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 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 Date Nov 9, 2020
IPO Closing Date Nov 11, 2020
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
IPO Price ₹1490 to ₹1500 per equity share
Market Lot 10 Shares
Min Order Quantity 10 Shares
Listing At BSE, 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 Date Nov 9, 2020
IPO Close Date Nov 11, 2020
Basis of Allotment Date Nov 17, 2020
Initiation of Refunds Nov 18, 2020
Credit of Shares to Demat Account Nov 19, 2020
IPO Listing Date Nov 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).

Application Lots Shares Amount (Cut-off)
Minimum 1 10 ₹15,000
Maximum 13 130 ₹195,000

Gland Pharma IPO Promoter Holding

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

Gland Pharma IPO Subscription Status (Bidding Detail)

The Gland Pharma IPO is subscribed 2.06 times on 11/11/2020 6:00:01 PM. The public issue subscribed 0.24 in the retail category, 6.40 in the QIB category, and 0.51 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 equity share
Face Value ₹1 per equity 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 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.

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 10 Shares.

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.

Gland Pharma IPO Message Board

Ranked Members  Ranked Members

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1148 Comments

568. BHARAT BHAGWANDAS BHATIA |Jan 27, 2021 6:45:52 AM
give details about Gland Pharma Ltd bid price and date of issue
568.1. arunARUN |Jan 27, 2021 6:17:09 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
It was done on 25th Jan night itself
567. German |Jan 23, 2021 6:29:53 PM
@Arjun Rajkot - Any views on results and way forward please
566. arunARUN |Jan 22, 2021 5:41:29 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ 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 11:48:07 PM
Top Contributor Top Contributor (300+ Posts, 700+ 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 1:19:04 PM
Hey Admin!

Correct previous Closing Price as....
563. Arjun Rajkot |Dec 28, 2020 12:46:21 PM
Top Contributor Top Contributor (300+ Posts, 700+ 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 11:55:32 AM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
562.1. ipobull |Dec 20, 2020 11:15:35 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Very good. I shall hold on to it for long term.
562.2. ganesh jaiswal |Dec 25, 2020 6:14:17 PM
IPO Mentor IPO Mentor (700+ 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 11:46:10 AM
Hey Admin!

Correct previous Closing Price as....
2408.35 / 55.30 (2.35%) at 15:56:13
560. Arjun Rajkot |Dec 20, 2020 11:55:28 AM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
559. Arjun Rajkot |Dec 20, 2020 11:53:36 AM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
No selling from Anchors
Gland Set to Fly High at 2500 Target
558. Arjun Rajkot |Dec 7, 2020 10:42:56 PM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
Keep buying Gland

Target Revised 2850
Target Time 31st March

Buy
Buy
Buy
Buy
Buy
558.1. ipobull |Dec 8, 2020 9:50:48 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Bought 100 shares today @ 2350
557. Maximizer |Dec 7, 2020 5:36:18 PM
Gland has rallied again 8% today!!!
556. lekker |Nov 20, 2020 9:55:19 AM
IPO Guru IPO Guru (1000+ Posts, 1700+ 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 12:55:24 PM
Dear lekker what's your suggestion for burger king ipo?
555. ganesh jaiswal |Nov 28, 2020 2:35:34 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Gland after listing is running in 2000-2200 channel. 2nd quarter result awaited.
554. Arjun Rajkot |Nov 26, 2020 10:40:53 AM
Top Contributor Top Contributor (300+ Posts, 700+ 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 12:49:20 PM
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 1:09:27 PM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
That's Called

Iski Topi uske Sar....

553. Arjun Rajkot |Nov 25, 2020 8:59:10 PM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
Buy on dip Gland..

Buy below 1999.......

Target 2248
Next 2499...
1 Month
553.1. Ashish Khater |Dec 7, 2020 7:53:00 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Slowly approaching Your Target Sirji

Ashish Khater

552. IPOANALYSIS |Nov 25, 2020 9:28:34 AM
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 10:51:39 AM
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 3:22:35 PM
Top Contributor Top Contributor (300+ Posts, 400+ 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 11:56:18 PM
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 3:02:51 PM
Congrats!!!
Although subscription was quite low, what prompted you to buy these many qty?
549. rsk |Nov 24, 2020 12:09:45 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Any news of bulk/block deal by 'biggies' on first 2 days? have not seen any.