Updated on 06/08/2021
Despite being subscribed 44 times, Glenmark shares listed today at a premium of just 4%.
Its shares started trading at Rs 750 against the IPO price of Rs 720 per share, ie at a premium of about 4.32 percent. However, the stock touched a high and a low of ₹800 and ₹737, respectively.
It is to be known that IPO of Glenmark Life Sciences was subscribed 44.17 times on the closing day of subscription and its price range was at 695-720 per share. Its IPO size consist of a fresh issue of 1,060 crore and offer for sale (OFS) of up to 63 lakh shares by its promoter Glenmark Pharma.
Glenmark IPO ! How to check the allotment status via Kfintech or BSE?
The IPO of Glenmark Life Sciences are most likely to be finalised today (3 August).
As we all know the company is a leading developer and manufacturer of active pharmaceutical ingredients, which is a subsidiary of Glenmark Pharmaceuticals opened the IPO on 27 July and closed it on the third day, ie, 29 July.
It is to be known that The initial public offering of Glenmark Life Sciences was subscribed 44.17 times as bids were received for 66,32,97,760 shares out of the total 1,50,18,279 shares. The price band was fixed at Rs 695 to Rs 720. The listing of these shares is expected to happen on 6 August wherein they would start trading on both the BSE and the NSE.
You can check the allotment status on the BSE website or on the website of registrar of Glenmark IPO, KFin Tech.
To check the status of Glenmark IPO allotment follow the steps below :
Glenmark Life Sciences IPO allotment status via BSE:
- Visit the official website of BSE- www.bseindia.com/investors/appli_check.aspx
- On this window, you will see the 'Status of Issue Application' page, click on Equity
- Select 'Glenmark Life Sciences' in the issue name
- Enter your application number and PAN number
- Click on 'I am not a Robot' and hit submit
- The details of your IPO allotment will appear on the screen
Glenmark Life Sciences IPO allotment status via Registrar’s Website - 'Kfintech'
- Visit On Kfintech's official website- https://kosmic.kfintech.com/ipostatus/
- Select 'Glenmark Life Sciences' from the drop-down list menu.
- Enter your application no or DP Client ID or PAN no
- Enter Captcha and click on 'Submit'
And once the share allotment is done, funds will be refunded or blocked from ASBA account on 4 August. A day later on 5 August, the funds will be credited to the demat account of those subscribers who have been allotted the shares.
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