Gland Pharma IPO Subscription Numbers & Status – Should you subscribe?

Gland Pharma IPO to hit the market on 09 November 2020 and closes on 11 November 2020. Should you subscribe Gland Pharma IPO? Lets have a discussion on it. As per the GMP it was looking good at the 200 level but its going doing day by day. One of the reason for GMP going down as the aggressive price band which is 1500 against the expected price band of 1300. The face value of the Gland Pharma is also Rs.1 only so investors are feeling the price band is on a higher side. Let’s see how it subscription will come up. Check Gland Pharma IPO GMP day by day.

Latest Update: Gland Pharma IPO subscribed 2.06x times, QIB 6.40x, HNI 0.51x and RII 0.24x times overall.

Gland Pharma IPO Subscription Numbers
(Fully Subscribed)

Category	Day 1	Day 2	Day 3
QIB	0.00x	0.48x	6.40x
HNI	0.01x	0.03x	0.51x
RII	0.08x	0.15x	0.24x
EMP	N/A	N/A	N/A
Total	0.04x	0.22x	2.06x

Gland Pharma IPO Dates & Price Band:

IPO Open:	09 November 2020
IPO Close:	11 November 2020
IPO Size:	Approx ₹6480 Crore (Approx)
Face Value:	₹1 Per Equity Share
Price Band:	₹1490 – ₹1500 Per Share
Listing on:	BSE & NSE
Retail Portion:	35%
Equity:	43,196,968 Shares

Gland Pharma IPO Market Lot:

Lot Size:	Minimum 10 Shares & Maximum 130 Shares
Minimum Amount:	₹15,000
Maximum Amount:	₹1,95,000

Gland Pharma IPO Allotment & Listing:

Basis of Allotment:	17 November 2020
Refunds:	18 November 2020
Credit to Demat Account:	19 November 2020
Listing Date:	20 November 2020

Gland Pharma IPO FAQs: