Gland Pharma IPO Allotment Status Online

The Gland Pharma IPO allotment status will be available on Nov 17, 2020, as per the timeline provided in the red-herring prospectus.

Below are the steps to check Gland Pharma IPO allotment status online:

• Visit the Gland Pharma IPO allotment status page.
• Click on the green Gland Pharma IPO Allotment Status.
• Enter either PAN number, Application Number or DP Client ID of the demat account to check the Gland Pharma IPO allotment status.
• Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

• PAN No.: AHMLK1898J
• Application No.: RL041213805307
• Name: Mr. Rajveer Singh
• Shares Applied: 40
• Shares Allotted: 40

The expected listing price of Gland Pharma IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Gland Pharma IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Gland Pharma IPO allotment status is expected on Nov 17, 2020. Click the green button Gland Pharma IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Gland Pharma IPO oversubscribed in the retail category, the Gland Pharma IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Gland Pharma IPO shares will get listed on Friday, November 20, 2020. The equity share of Gland Pharma Limited will list on BSE, NSE.

The reason you didn't get the Gland Pharma IPO could be:

• IPO become oversubscribed and allotment process is completed through a lottery
• The IPO application got rejected due to mismatch/incomplete information
• The issue price is higher than the bid price. (Always apply on cut-off price).