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

Jul 27, 2021 - Jul 29, 2021

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

  • 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 Details

IPO Date Jul 27, 2021 to Jul 29, 2021
Listing Date Friday, August 6, 2021
Face Value ₹2 per share
Price ₹695 to ₹720 per share
Lot Size 20 Shares
Issue Size[.] shares of ₹2
(aggregating up to ₹1,513.60 Cr)
Fresh Issue[.] shares of ₹2
(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
Company Promoters

Glenmark Pharmaceuticals Limited is the promoter of the company.

Glenmark Life Sciences IPO Tentative Timetable

Glenmark Life Sciences IPO opens on Jul 27, 2021, and closes on Jul 29, 2021. The Glenmark Life Sciences IPO bid date is from Jul 27, 2021 10.00 A.M. to Jul 29, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jul 27, 2021
Closing Date Jul 29, 2021
Basis of Allotment Aug 3, 2021
Initiation of Refunds Aug 4, 2021
Credit of Shares to Demat Aug 5, 2021
Listing Date Aug 6, 2021

Glenmark Life Sciences IPO Lot Size

The Glenmark Life Sciences IPO lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹187,200).

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

Glenmark Life Sciences IPO Promoter Holding

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

Glenmark Life Sciences IPO Review

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 Jul 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)
QIB36.97
NII122.54
Retail14.63
Total44.17

Glenmark Life Sciences IPO Prospectus

Glenmark Life Sciences IPO Rating

3021
4.2
Rating:Rated 4.2 stars
Vote Here ...

Glenmark Life Sciences IPO Listing Date

Listing Date Friday, August 6, 2021
BSE Script Code 543322
NSE Symbol GLS
Listing In B Group of Securities
ISIN INE03Q201024
IPO Price ₹720 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹720.00
₹751.10
₹737.35
₹799.95
₹748.20
NSE
₹720.00
₹750.00
₹738.00
₹799.00
₹748.50

Company Contact Information

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

Phone: +91 2189 234456/ +91 2189
Email: complianceofficer@glenmarklifesciences.com
Website: http://www.glenmarklifesciences.com/

Glenmark Life Sciences IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: glenmark.ipo@kfintech.com
Website: https://karisma.kfintech.com/

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 Jul 27, 2021, and closes on Jul 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 Jul 27, 2021 and closes on Jul 29, 2021.

Glenmark Life Sciences IPO lot size is 20 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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2407 Comments

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

Please post Basis of Allotment sheet for Glenmark ipo

Thanks
1056.1. sandesh Z |   Link |Aug 22, 2021 1:18:04 AM
where to contact
1055. PREM G |   Link |Aug 19, 2021 10:56:10 AM
My payment not Unblocked yet
1055.1. sandesh Z |   Link |Aug 22, 2021 1:17:27 AM
even my amount is not relesed
1054. sandesh Z |   Link |Aug 22, 2021 1:16:03 AM
my ipo amount is not yet released its 21th aug where to contact
1053. DSR |   Link |Aug 6, 2021 10:26:36 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Flat to discount listing on the cards.. no need to rush into buying
1053.1. John Snow |   Link |Aug 6, 2021 10:36:36 AM
Top Contributor Top Contributor (200+ Posts)
Wait for 7 days and see the trend.
1053.2. DSR |   Link |Aug 19, 2021 1:28:33 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
So many other options available ..I don''t want to experiment with GLS
1052. PREM G |   Link |Aug 19, 2021 10:54:40 AM
my amount not unblocked yet
1051. H UMESH PRABHU |   Link |Aug 10, 2021 1:52:30 PM
Stock not allotted but refund too not received yet.
1051.1. OptimusPrime |   Link |Aug 13, 2021 8:29:41 PM
You should''ve contacted the bank long back, why are you waiting till now. 😅
1050. OptimusPrime |   Link |Aug 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 |Aug 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 |Aug 11, 2021 9:34:31 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ 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 |Aug 10, 2021 10:48:12 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Nothing To Worry.
Wait for 1 Year.

Disclosures:
Holding at 750.
Investor


1048.1. RAKESH PUTHRAN |   Link |Aug 10, 2021 11:15:48 PM
Right Choice Bro. Arjun Rajkot.
1048.2. AaoRaja |   Link |Aug 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 |Aug 10, 2021 11:33:20 AM
Glenmark Life Science Going up.
1047.2. RAKESH PUTHRAN |   Link |Aug 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 |Aug 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 |Aug 9, 2021 12:36:09 PM
Top Contributor Top Contributor (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 |Aug 10, 2021 6:41:13 PM
And also Investor Conference Call for both Glenmark companies.
1045. ipobull |   Link |Aug 10, 2021 11:28:22 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ 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 |Aug 10, 2021 11:25:17 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ 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 |Aug 10, 2021 12:16:14 AM
What to do with GLS ?? Please any one suggest..
1043.1. Chem cho |   Link |Aug 10, 2021 10:22:44 AM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
HOLD
YOU SHOULD HAVE BROUGHT SOME BELOW THE ISSUE PRICE
YESTERDAY ,
1042. Chem cho |   Link |Aug 6, 2021 4:06:20 PM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
All group members have earned money
they brought at Rs 740 and sold at 797-798
1042.12. IM AK |   Link |Aug 8, 2021 6:54:34 PM
Intraday was not allowed
1042.13. Chem cho |   Link |Aug 9, 2021 11:39:34 PM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
@
IMAK
pl donot may comments if you do not understand
intraday is allowed for buy and then sell
and not sell
1041. sidharth sharma |   Link |Aug 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 |Aug 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 |Aug 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 |Aug 9, 2021 11:13:00 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Gone below issue price
1038.2. Vivek Damani |   Link |Aug 9, 2021 12:34:43 PM
Should I hold it?? What is the short-term target. pls advice
1038.3. sdz |   Link |Aug 9, 2021 12:58:08 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
In think bullish above 760 and sell off if below 700