Glenmark Life Sciences IPO subscription to start from 27 July 2021, Tuesday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The company removed the share holders quota from RHP and it might be worry for the retail investors. The investors will surely look at the company financials and the demand and looks on a good side. The Glenmark Life Sciences price band is fixed at ₹695 to ₹720 Per Share with face value of ₹2 Per Equity Share. The minimum bid is for 20 Shares (₹14,400) and maximum bid is 260 shares (187,200). Glenmark Life Sciences IPO to raise ₹1514 Crores via initial public offer. Please check the Glenmark Life Sciences IPO details over here.
IPOWatch View
We recommend investors to apply this IPO with short term and long term gain. The IPO Subscription started!
Brokerage Firm IPO Review & Recommendations
- Axis Capital: Neutral
- Choice Equity: Apply
- GEPL Capital: Apply
- Anand Rathi: Apply
- ICICI Direct: Apply
- Angel Broking: Apply
Glenmark Life Sciences IPO Subscription Status (Final Data)
(Over Subscribed)
The Glenmark Life Sciences IPO subscribed 44.17x on day 3 till 5:00 PM. The subscription comprises QIB 36.97x, NII 122.54x and RII 14.63x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0,00x | 1.38x | 36.97x |
| NII | 0.85x | 3.39x | 122.54x |
| RII | 5.16x | 9.25x | 14.63x |
| Total | 2.78x | 5.77x | 44.17x |
Glenmark Life Sciences IPO Date & Price Band
| IPO Open: | 27 July 2021 |
| IPO Close: | 29 July 2021 |
| IPO Size: | Approx ₹1514 Crores |
| Fresh Issue: | Approx ₹1060 Crores |
| Offer for Sale: | Approx ₹454 Crores, 63,00,000 Shares |
| Face Value: | ₹2 Per Equity Share |
| Price Band: | ₹695 to ₹720 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | – Shares |
Glenmark Life Sciences IPO Market Lot
| Minimum Lot Size: | Minimum 20 Shares |
| Minimum Amount: | ₹14,400 |
| Maximum Lot Size: | Maximum 260 Shares |
| Maximum Amount: | ₹187,200 |
Glenmark Life IPO Date, Time Table, Allotment & Listing
| Basis of Allotment: | 27 July 2021 |
| Basis of Allotment: | 29 July 2021 |
| Basis of Allotment: | 03 August 2021 |
| Refunds: | 04 August 2021 |
| Credit to Demat Account: | 05 August 2021 |
| Listing Date: | 06 August 2021 |
Glenmark Life Sciences IPO Subscription FAQs:
When Glenmark Life Sciences IPO Subscription will start?
The IPO subscription starts on 27 July 2021 for QIB, NII, and Retail Investors.
How much Glenmark Life Sciences IPO subscribed?
The IPO subscribed 5.77x times on day 2.
What is Glenmark Life Sciences IPO Retail subscription status?
The RII subscription is 9.25x on day 2.
How to subscribe Glenmark Life Sciences IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Glenmark Life Sciences IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.
