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 (₹ 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 Date	Nov 9, 2020 - Nov 11, 2020
Issue Type	Book Built Issue IPO
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)
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

Gland Pharma IPO Tentative Date / Timetable

Bid/Offer Opens On	Nov 9, 2020
Bid/Offer Closes On	Nov 11, 2020
Finalisation of Basis of Allotment	Nov 17, 2020
Initiation of Refunds	Nov 18, 2020
Credit of Shares to Demat Acct	Nov 19, 2020
IPO Shares Listing Date	Nov 20, 2020

Gland Pharma IPO Lot Size and Price (Retail)

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)

Date	QIB	NII	RII	Total
Nov 11, 2020 18:00	6.40x	0.51x	0.24x	2.06x

Gland Pharma IPO Prospectus

› Gland Pharma IPO DRHP
› Gland Pharma IPO RHP

Gland Pharma IPO Rating

1383

3.3

Rating:

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Gland Pharma IPO Listing Date

Listing Date	Friday, November 20, 2020
BSE Script Code	543245
NSE Symbol	GLAND
Listing In	B
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.