Glenmark Life Sciences raises ₹454 crore at ₹720 from 19 Anchor Investors

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Glenmark Life Sciences IPO allotted ₹454 crore worth of equity shares at ₹720 per equity share to 19 anchor investors at upper price band. Total of 63,06,660 Equity Shares have been subscribed at ₹720 per Equity Share. The company got a good subscription from the Anchor Investors in Glenmark Life Sciences IPO. The Glenmark Life Sciences IPO to open on 27 July and closes on 29 July 2021. The price band is fixed at ₹695 to ₹720. The minimum bid is for 20 Shares (₹14,440) and maximum bid is 260 shares (₹187,200). Glenmark Life Sciences IPO to raise ₹1514 Crores via initial public offer. The company looks good as per the financial results but the grey market rate is going down. Still we are very much positive in this IPO.

Glenmark Life Sciences Logo

List of Glenmark Life Sciences Anchor Investors:


 Source: BSEIndia
The Bid/Offer Closing Date is on July 27, 2021. The Price Band for the Offer is from ₹695 to ₹720 per Equity Share. The Bids can be made for a minimum lot of 20 Equity Shares and in multiples of 13 Equity Shares thereafter. The Equity Shares are proposed to be listed on BSE and NSE (the “Stock Exchanges”).

The Book Running Lead Managers of the IPO are Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, DAM Capital Advisors Limited, BOB Capital Markets Limited and SBI Capital Markets Limited.
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