Gland Pharma IPO

Chinese pharmaceutical company Fosun Pharma backed Gland Pharma will float an IPO offer of Rs 6000 crores. They have already received SEBI approval on the matter. The offer containing both primary and secondary shares might hit the market in November. Gland Pharma will be the first pharma company to make a debut in the bourses this year. Eris Lifescience was the last pharma company to list in the Indian exchanges three years ago.

Gland Pharma IPO Detail

Issuer

Gland Pharma

Issue Period: 09th November 2020 to 11th November 2020
Price Band
₹ 1490/- to ₹ 1500/- per equity share.

Issue Size
₹ 6,445 Cr to ₹ 6,480 Cr.

Face Value
₹ 1 per equity share

Market Lot
10 Shares

Listing At
BSE, NSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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Gland Pharma IPO Information

Gland Pharma started its journey in 1978 in Hyderabad. The company currently sells its product in 67 countries, including the US, Europe, Canada, Australia, and India. Gland Pharma has extensive experience in developing, manufacturing, and marketing complex-injectable that it sells under the B2B model. In 2017, Singapore based Chinese pharmaceutical company Fosun pharma acquired 74 percent of the company.

Competitive Advantages

  • Long proven track record and deep-rooted industry understanding in developing, manufacturing, and marketing sophisticated drugs
  • Multiple manufacturing facilities in India, including four finished formulation facilities
  • Strong financials to attract investors. The company clocked Rs 2772.4 crores in revenue in FY 2020
  • Recently, the firm increased its manufacturing capacity from 670 million units in 2018 to 755 million units in 2020

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How to apply for Gland Pharma IPO :


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Gland Pharma IPO FAQs

What is an IPO?

Initial public offering (IPO) or stock market launch comprises selling of company shares to institutional and retail investors in the market. It is a way or companies to raise fresh capital to bolster finances, fund acquisition or expansion, or new investment.

What is Gland Pharma IPO?

Gland Pharma has received SEBI approval to launch Rs 6000 crores IPO, which will comprise fresh equities worth Rs 1,250 crores and an offer for sales of 34 million scrips.

How to apply in Gland Pharma through Angel Broking?

Current customers can apply from the website or mobile app, using UPI to pay for the bid. They can find all the recent IPOs available for subscription in their user portal.

When will Gland Pharma IPO open?

The proposal will open sometime in November. The dates will be announced soon.

What is the lot size of Gland Pharma IPO?

There is no confirmation yet on the minimum lot size. But the total IPO size is pegged at Rs 6000 crores.

How to apply for Gland Pharma IPO?

You can apply through a broker or your net banking platform. Applying through a broker will need to you make payment using UPI and a DEMAT to receive the shares.

When will Gland Pharma IPO get allocated?

There is no confirmation on the dates yet.

When is the Gland Pharma IPO listing date?

There is no update on the date yet.

How do you pay for Gland Pharma IPO using UPI?

If your broker doesn’t offer banking services, you will have to pay using UPI supported BHIM or GPay. Link your bank account to the UPI interface. You will receive the payment request to complete Gland Pharma IPO bid on your UPI. Accept payment request to block your bid.

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How will I receive the Gland Pharma IPOs?

After finalization of allotment, the shares will get credited directly to your DEMAT account.

How to apply for Gland Pharma IPO

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