IPO, That's talk of the town

Cureent IPO

IPO Name: Glenmark Life Sciences Ltd.

Parent Company : Glenmark Pharma

Issue Opens On : Tues, July 27, 2021

Issue Closes On : Thurs, July 29, 2021

Issue Details : Fresh Issue of Rs.1160 Crs + OFS upto 63,00,000 Eq Shares

Face Value. : 2/-

Price Band : Rs.695 - Rs.720

Bid Lot : 20 Equity Shares

Issue Size ( Rs.) : Rs 1,513.6 crore

Issue Allocation : 50% QIB ( Rs.807 Crs ), 15% NIB ( Rs.242 Crs ) & 35% Retail ( Rs.565 Crs )

Listing : BSE and NSE

Company overview: Leading developer and manufacturer of select high-value APIs (Active Pharmaceutical Ingredients) in chronic therapeutic areas with a global reach

Registrar to the issue: KFin Technologies Pvt. Ltd.

Lead Managers: Kotak Mahindra Capital Co. Ltd., BofA Securities India Ltd., Goldman Sachs (India) Securities Pvt. Ltd., DAM Capital Advisors Ltd., BOB Capital Markets Ltd. and SBI Capital Markets Ltd.

Our View: Current times have set a clear path for pharma and healthcare Sectors. An IPO of a pharma company with a global reach and a robust parent comapny structure is quite an opportunity to grab

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