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Glenmark Life Sciences Limited IPO (Glenmark Life Sciences IPO) Detail

July 27, 2021 - July 29, 2021

Glenmark Life Sciences IPO is a book built issue of Rs 1,513.60 crores. The issue comprises of fresh issue of Rs 1,060.00 crore and offer for sale of 0.63 crore shares.

Glenmark Life Sciences IPO bidding started from July 27, 2021 and ended on July 29, 2021. The allotment for Glenmark Life Sciences IPO was finalized on Tuesday, August 3, 2021. The shares got listed on BSE, NSE on August 6, 2021.

Glenmark Life Sciences IPO price band is set at ₹695 to ₹720 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹14,400.

Bofa Securities India Limited, Bob Capital Markets Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Goldman Sachs (India) Securities Private Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the Glenmark Life Sciences IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Glenmark Life Sciences IPO RHP for detailed information.

Glenmark Life Sciences IPO Details

IPO Date July 27, 2021 to July 29, 2021
Listing Date August 6, 2021
Face Value ₹2 per share
Price Band ₹695 to ₹720 per share
Lot Size 20 Shares
Total Issue Size[.] shares
(aggregating up to ₹1,513.60 Cr)
Fresh Issue[.] shares
(aggregating up to ₹1,060.00 Cr)
Offer for Sale6,300,000 shares of ₹2
(aggregating up to ₹453.60 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Glenmark Life Sciences IPO Reservation

Glenmark Life Sciences IPO offers 15,018,279 shares. 4,242,379 (28.25%) to QIB, 3,232,770 (21.53%) to NII, 7,543,130 (50.23%) to RII. 377,156 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 280 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,242,379 (28.25%)NA
NII (HNI) Shares Offered3,232,770 (21.53%)
Retail Shares Offered7,543,130 (50.23%)377,156
Total Shares Offered15,018,279 (100%)

Glenmark Life Sciences IPO Timeline (Tentative Schedule)

Glenmark Life Sciences IPO opens on July 27, 2021, and closes on July 29, 2021.

IPO Open Date Tuesday, July 27, 2021
IPO Close Date Thursday, July 29, 2021
Basis of Allotment Tuesday, August 3, 2021
Initiation of Refunds Wednesday, August 4, 2021
Credit of Shares to Demat Thursday, August 5, 2021
Listing Date Friday, August 6, 2021
Cut-off time for UPI mandate confirmation 5 PM on July 29, 2021

Glenmark Life Sciences IPO Lot Size

Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 20 ₹14,400
Retail (Max) 13 260 ₹187,200
Lot Size Calculator

Glenmark Life Sciences IPO Promoter Holding

Glenmark Pharmaceuticals Limited is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 82.84%

About Glenmark Life Sciences Limited

Incorporated in 2011, Glenmark Life Sciences is the leading manufacturer of Active Pharmaceutical Ingredients (APIs). The company develops, manufactures, and supplies high-quality APIs for cardiovascular disease (CVS), central nervous system disease (CNS), pain management, and diabetes, gastrointestinal disorders, anti-infectives, and other therapeutic areas. It further operates in Contract Development and manufacturing operations (CDMO) to offer services to specialty Pharmaceutical companies.

Its products are being sold in India and also expoted to multiple countries i.e. Europe, North America, Latin America, Japan, etc. Currently, it has 4 manufacturing facilities at Ankleshwar and Dahej in Gujarat and Mohol and Kurkumbh in Maharashtra State with an aggregate annual installed capacity of 725.8 KL as of December 31, 2020.

Competitive strengths

  • Leading manufacturer of selected specialized APIs for chronic therapeutic areas like CVS, CNS, diabetes, and pain management.
  • Export products in Europe, Latin America, North America, Japan, and the rest of the world.
  • Strong relationship with leading global generic companies.
  • Proven track record of strong financial performance.
  • High-quality product manufacturing with R&D infrastructure.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,970.75 17,256.04 14,753.95
Total Revenue 18,859.76 15,493.03 8,868.65
Profit After Tax 3,515.81 3,130.98 1,955.92

Objects of the Issue (Glenmark Life Sciences IPO Objectives)

  • To make payment of outstanding purchase consideration to the promoter for the spin-off of the API business from the promoter into the company.
  • To finance capital expenditure requirements.
  • To meet general corporate purposes.

Glenmark Life Sciences IPO Review (May apply)

[Dilip Davda]  Though this is a second public issue from Glenmark group after nearly two decades, it is encasing on the fancy of pharma segment amidst pandemic and hence the issue is fully priced discounting all near term positives. Considering the group's credentials and ongoing grey market activities the IPO may evoke a good response. Cash surplus investors may consider investing in this offer with a long term perspective. Read detail review...

Glenmark Life Sciences IPO Subscription Status (Bidding Detail)

The Glenmark Life Sciences IPO is subscribed 44.17 times on July 29, 2021 5:01:00 PM. The public issue subscribed 14.63 times in the retail category, 36.97 times in the QIB category, and 122.54 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 10.74 times

CategorySubscription (times)

Glenmark Life Sciences IPO Prospectus

Glenmark Life Sciences IPO Rating

Rating:Rated 4.2 stars
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Glenmark Life Sciences IPO Listing Details

Listing Date August 6, 2021
BSE Script Code 543322
NSE Symbol GLS
ISIN INE03Q201024
Final Issue Price ₹720 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Glenmark Life Sciences Limited Contact Details

Glenmark Life Sciences Limited
Plot No. 170-172, Chandramouli Industrial Estate,
Mohol Bazarpeth, Solapur 413 213,

Phone: +91 2189 234456/ +91 2189

Glenmark Life Sciences IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Glenmark Life Sciences IPO FAQs

Glenmark Life Sciences IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,513.60 Crores. The issue is priced at ₹695 to ₹720 per share. The minimum order quantity is 20 Shares.

The IPO opens on July 27, 2021, and closes on July 29, 2021.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Steps to apply in Glenmark Life Sciences 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 'Glenmark Life Sciences 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 Glenmark Life Sciences IPO opens on July 27, 2021 and closes on July 29, 2021.

Glenmark Life Sciences IPO lot size is 20 Shares, and the minimum amount required is ₹14,400.

You can apply in Glenmark Life Sciences 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Glenmark Life Sciences IPO will be done on Tuesday, August 3, 2021, and the allotted shares will be credited to your demat account by Thursday, August 5, 2021. Check the Glenmark Life Sciences IPO allotment status.

The Glenmark Life Sciences IPO listing date is on August 6, 2021.
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Glenmark Life Sciences IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



1057. RAKESH PUTHRAN |   Link |  Bookmark |August 25, 2021 8:16:07 PM
Fantastic Buy Back Announced by Kaveri Seed today . Max. Rs. 850/-
1056. AGARWAL RAJESH |   Link |  Bookmark |August 17, 2021 11:59:24 PM

Please post Basis of Allotment sheet for Glenmark ipo

1056.1. sandesh Z |   Link |  Bookmark |August 22, 2021 1:18:04 AM
where to contact
1055. PREM G |   Link |  Bookmark |August 19, 2021 10:56:10 AM
My payment not Unblocked yet
1055.1. sandesh Z |   Link |  Bookmark |August 22, 2021 1:17:27 AM
even my amount is not relesed
1054. sandesh Z |   Link |  Bookmark |August 22, 2021 1:16:03 AM
my ipo amount is not yet released its 21th aug where to contact
1053. DSR |   Link |  Bookmark |August 6, 2021 10:26:36 AM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Flat to discount listing on the cards.. no need to rush into buying
1053.1. John Snow |   Link |  Bookmark |August 6, 2021 10:36:36 AM (200+ Posts)
Wait for 7 days and see the trend.
1053.2. DSR |   Link |  Bookmark |August 19, 2021 1:28:33 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
So many other options available ..I don''t want to experiment with GLS
1052. PREM G |   Link |  Bookmark |August 19, 2021 10:54:40 AM
my amount not unblocked yet
1051. H UMESH PRABHU |   Link |  Bookmark |August 10, 2021 1:52:30 PM
Stock not allotted but refund too not received yet.
1051.1. OptimusPrime |   Link |  Bookmark |August 13, 2021 8:29:41 PM
You should''ve contacted the bank long back, why are you waiting till now. 😅
1050. OptimusPrime |   Link |  Bookmark |August 13, 2021 8:11:53 PM
I might be seeing the only company which is posting revenue increase in generic API segment, little downshift in CDMO business that too the management says was expected, and will get better in next quarter. I''m glad I didn''t sell any shares from allotment. Looks a promising company to keep in portfolio.
1050.1. OptimusPrime |   Link |  Bookmark |August 13, 2021 8:28:11 PM
Edit - increase in API segment in this quarter. Because the demand was hampered globally for APIs it was fle from quarterly results of Kopran, Laurus Labs
1049. arunARUN |   Link |  Bookmark |August 11, 2021 9:34:31 AM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Despite turmoil on 10th august market the buying interest emerged for counter. A positive signal. Cautious can wait for quarterly results
1048. Arjun Rajkot |   Link |  Bookmark |August 10, 2021 10:48:12 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
Nothing To Worry.
Wait for 1 Year.

Holding at 750.

1048.1. RAKESH PUTHRAN |   Link |  Bookmark |August 10, 2021 11:15:48 PM
Right Choice Bro. Arjun Rajkot.
1048.2. AaoRaja |   Link |  Bookmark |August 22, 2021 2:17:38 PM
Arjun Ji your response = sigh of relief :) Bought few @789 on listing day. Hope it surprises in the long run. Thank you 🙏
1047. RAKESH PUTHRAN |   Link |  Bookmark |August 10, 2021 11:33:20 AM
Glenmark Life Science Going up.
1047.2. RAKESH PUTHRAN |   Link |  Bookmark |August 10, 2021 6:38:32 PM
Chem Cho. I applied 1 lot in IPO( 720) and have kept my allocation safely for long-term.
1047.3. RAKESH PUTHRAN |   Link |  Bookmark |August 10, 2021 6:54:42 PM
Raw material supplier to 21 of the 26 Generic Manufacturers ,why would I sell their shares.
1046. SHANI |   Link |  Bookmark |August 9, 2021 12:36:09 PM (300+ Posts, 300+ Likes)
Q1 (JUNE-21) Result declare ON 13-08-21 , updated on bse , hold and good luck
1046.1. RAKESH PUTHRAN |   Link |  Bookmark |August 10, 2021 6:41:13 PM
And also Investor Conference Call for both Glenmark companies.
1045. ipobull |   Link |  Bookmark |August 10, 2021 11:28:22 AM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
I''m expecting a price of 110 on the downside and 146 on the upside based on the direction of results.
1044. ipobull |   Link |  Bookmark |August 10, 2021 11:25:17 AM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
D-day for Zomato. Waiting with bated breath for the results today. I think any increase in revenue and lesser loss should be taken positively by the market except for some knee-jerk reactions which happens for most of the stocks on the results day. Regarding Glenmark LS, its a hold purely based on strong financials.
1043. Dipesh Mavani |   Link |  Bookmark |August 10, 2021 12:16:14 AM
What to do with GLS ?? Please any one suggest..
1043.1. Chem cho |   Link |  Bookmark |August 10, 2021 10:22:44 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
1042. Chem cho |   Link |  Bookmark |August 6, 2021 4:06:20 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
All group members have earned money
they brought at Rs 740 and sold at 797-798
1042.12. IM AK |   Link |  Bookmark |August 8, 2021 6:54:34 PM
Intraday was not allowed
1042.13. Chem cho |   Link |  Bookmark |August 9, 2021 11:39:34 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
pl donot may comments if you do not understand
intraday is allowed for buy and then sell
and not sell
1041. sidharth sharma |   Link |  Bookmark |August 9, 2021 3:52:24 PM
Retail out I think its going to same track like LTTS, SBI cards hold with patience you will be rewarded I will be out if trade below 10% issue price target 30% minimum
1040. IPOINPUT |   Link |  Bookmark |August 9, 2021 3:47:15 PM
Can i buy adani enterprises today to qualify for Adani wilmar shareholder quota? please guide
1039. Kailash Joshi |   Link |  Bookmark |August 9, 2021 1:09:58 PM
Please suggest,I have 1 lot of Glen mark, but price is down,so hold or sale at current price.
1038. sdz |   Link |  Bookmark |August 9, 2021 11:13:00 AM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Gone below issue price
1038.2. Vivek Damani |   Link |  Bookmark |August 9, 2021 12:34:43 PM
Should I hold it?? What is the short-term target. pls advice
1038.3. sdz |   Link |  Bookmark |August 9, 2021 12:58:08 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
In think bullish above 760 and sell off if below 700