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:

To finance the incremental working capital requirements of our Company
To meet funding requirements for capital expenditure requirements
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 Size	43,196,968 Eq Shares of ₹1 (aggregating up to ₹6,479.55 Cr)
Fresh Issue	8,333,333 Eq Shares of ₹1 (aggregating up to ₹1,250.00 Cr)
Offer for Sale	34,863,635 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%

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)

Category	IPO Subscription
QIB	6.40x
NII	0.51x
RII	0.24x
Total	2.06x

Gland Pharma IPO Prospectus

› Gland Pharma IPO DRHP
› Gland Pharma IPO RHP

Gland Pharma IPO Rating

1383

3.3

Rating:

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
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

Gland Pharma IPO Reviews / Ratings

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 Lead Manager(s)

Lead Manager Reports

Gland Pharma IPO FAQs

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.
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.
When Gland Pharma IPO will open?

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

568. BHARAT BHAGWANDAS BHATIA |Jan 27, 2021 06:45

New Member

give details about Gland Pharma Ltd bid price and date of issue

568.1. arunARUN |Jan 27, 2021 18:17

Top Contributor (300+ Posts, 100+ Likes)

It was done on 25th Jan night itself

567. German |Jan 23, 2021 18:29

@Arjun Rajkot - Any views on results and way forward please

566. arunARUN |Jan 22, 2021 17:41

Top Contributor (300+ Posts, 100+ 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 23:48

Top Contributor (200+ Posts, 300+ 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 13:19

Hey Admin!

Correct previous Closing Price as....

563. Arjun Rajkot |Dec 28, 2020 12:46

Top Contributor (200+ Posts, 300+ 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

Top Contributor (200+ Posts, 300+ Likes)

No selling from Anchors
Gland Set to Fly High at 2500 Target

562.1. ipobull |Dec 20, 2020 23:15

Very good. I shall hold on to it for long term.

562.2. ganesh jaiswal |Dec 25, 2020 18:14

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 11:46

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

Top Contributor (200+ Posts, 300+ Likes)

No selling from Anchors
Gland Set to Fly High at 2500 Target

559. Arjun Rajkot |Dec 20, 2020 11:53

Top Contributor (200+ Posts, 300+ Likes)

No selling from Anchors
Gland Set to Fly High at 2500 Target

558. Arjun Rajkot |Dec 7, 2020 22:42

Top Contributor (200+ Posts, 300+ Likes)

Keep buying Gland

Target Revised 2850
Target Time 31st March

Buy
Buy
Buy
Buy
Buy

558.1. ipobull |Dec 8, 2020 21:50

Bought 100 shares today @ 2350

557. Maximizer |Dec 7, 2020 17:36

Gland has rallied again 8% today!!!

556. lekker |Nov 20, 2020 09:55

IPO Mentor (900+ Posts, 1500+ 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

Dear lekker what's your suggestion for burger king ipo?

555. ganesh jaiswal |Nov 28, 2020 02:35

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 10:40

Top Contributor (200+ Posts, 300+ 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

Top Contributor (200+ Posts, 100+ 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 13:09

Top Contributor (200+ Posts, 300+ Likes)

That's Called

Iski Topi uske Sar....

553. Arjun Rajkot |Nov 25, 2020 20:59

Top Contributor (200+ Posts, 300+ Likes)

Buy on dip Gland..

Buy below 1999.......

Target 2248
Next 2499...
1 Month

553.1. Ashish Khater |Dec 7, 2020 19:53

Top Contributor (400+ Posts, 200+ Likes)

Slowly approaching Your Target Sirji

552. IPOANALYSIS |Nov 25, 2020 09:28

IPO Guru (1800+ Posts, 1400+ 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

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 15:22

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 23:56

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 15:02

Congrats!!!
Although subscription was quite low, what prompted you to buy these many qty?

549. rsk |Nov 24, 2020 12:09

Top Contributor (200+ Posts, 100+ Likes)

Any news of bulk/block deal by 'biggies' on first 2 days? have not seen any.

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