Glenmark Life sciences IPO Allotment Status: Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals Limited is all set to make its debut in the market this week. It is basically a pharmaceutical company that manufactures Active Pharmaceutical Ingredients (APIs). The IPO subscription was closed on 29th July and the applications received by the company were more than 39 lakhs, quite a huge number, Isn’t it?. It is the 2nd highest ever after the IPO of Reliance Power in 2008. The eyes of all the investors were at the date of allotment. The wait has come to end finally, as Glenmark Life sciences IPO Allotment has been finalized on 3rd August 2021. The listing of IPO was scheduled for 6th August and after that trading of shared was started.
Investors can check the allotment status of the Glenmark Life Sciences IPO from the official website of its registrar Agency (where it has been registered) i.e., K Fintech Technologies Private Limited, or by logging into the official portal of BSE.
Glenmark Life sciences IPO Allotment Status
Investors who have subscribed for the allotment must be exited as the finalization of the basis of allotment is likely to happen today i.e. on 3rd August 2021. Once the allotment will be over, the listing of the shares will be initiated. The listing of shares is to happen on 6th August 2021 tentatively.
The issue size of up to 1513.60 Crores has received an overwhelming response from the investors. This can be noticed from the fact that its subscription for this offer was 44 times. The issue was subscribed 36.97 times by the qualified institutional buyers (QIBs) while Non-Institutional Investors (NIIs) subscribed by 122.54 times. The price band that was fixed per equity share was Rs.695- Rs.720/-.
If you are also interested in Glenmark Life Sciences IPO or an investor, then do take a look at this post. Here, you will get all the relevant information and updates regarding the most awaited IPO allotment of the week. From the timeline of the events to allotment status, you will get everything relevant to the IPO here.
Glenmark Life Sciences IPO Details at a Glance
|Name of the IPO||Glenmark Life Sciences|
|Parent Company||Glenmark Pharmaceuticals Limited|
|Registrar||K Fintech Technologies Private Limited|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per equity share|
|Issue Size||Equity Shares of Rs.2 (up to 1513.60 Cr in total)|
|Fresh issue||Equity Shares of Rs.2 up to 1,060.00 Cr|
|IPO Price||Rs.695 to Rs.720 per Equity share|
|Listing at||BSE NSE|
|Market Lot||20 shares|
|Minimum Order Quantity||20 shares|
|Offer for sale||6,300,000 Equity Shares of Rs.2 (up to Rs.453.60 Cr in total)|
Glenmark Life Sciences IP Allotment Timeline
|Opening of subscription/ issue of IPO||Jul 27, 2021|
|Closing of subscription/issue of IPO||Jul 29, 2021|
|Date of finalizing the Basis of Allotment||Aug 3, 2021|
|Refund initiation||Aug 4, 2021|
|The credit of shares to successful bidder’s Demat Account||Aug 5, 2021|
|IPO Listing Date||Aug 6, 2021 (tentative)|
Glenmark Life Sciences IPO Allotment Status
After the stellar opening and listing of Tatva Chintan Pharma Chem IPO last week, investors are anxiously waiting for the listing of another pharma entity i.e. Glenmark Life Sciences. Investors can get their allotment status online from the two sources. These include- The website of the official registrar and the official website of the Bombay Stock Exchange.
In this section, we have discussed both the methods by which allotment can be viewed. Bidders who are waiting for the allotment can go through the given instructions to get information about the same-
Through Registrar Website
- Starting with opening the official portal of KFintech (www.kfintech.com).
- Click on the IPO given in the drop box. (It appears only when allotment is finalized).
- Enter any of the following details- Client Id, Application number, or PAN in respective field.
- Now, select the relevant option among ASBA and Non-ASBA.
- Enter the details asked.
- Fill the captcha code and click on Submit button.
- IPO allotment status will open.
Glenmark Life Sciences IPO Allotment status can also be viewed through the BSE portal. Check the instructions given as under-
- Go to the given link for checking the application status on BSE- https://www.bseindia.com/investors/appli_check.aspx
- Now, click on “Equity” option given against the issue type.
- Select Glenmark Life Sciences Limited from the dropdown menu given against the option Issue name.
- Enter application number and PAN no. in the respective fields.
- Mark “I am not Robot”.
- Proceed further by clicking on Search button.
Investors/ Bidder not getting any allotment will get their refund from 4th August 2021.
Also Check: Rolex Rings IPO Allotment Status
Glenmark IPO Allotment Status Online – Important Links
|K Fintech Official website||https://www.kfintech.com/|
|Glenmark BSE IPO application Status Check Link||Click Here|
|Glenmark IPO Allotment Status Kfintech Online||Link 1 | Link 2 | Link 3 | Link 4 | Link 5|
|Glenmark Life Sciences IPO Announcement Notice||Click Here|
It was started on 27th July and ended on 29th July?
It has finalized on the 3rd of August 2021
The tentative date of Glenmark Life Sciences IPO list is 6th August 2021?
Bidders can check it either on the official portal of K Fintech Technologies or on the official website of BSE.
The listing is going to take place on 6th August 2021 tentatively.