Glenmark Life Sciences IPO share allotment standing: Here’s easy methods to verify your shares

Glenmark Life Sciences IPO share allotment standing: The preliminary public providing (IPO) of Glenmark Life Sciences, a wholly-owned subsidiary of Glenmark Pharmaceuticals, was subscribed 44.17 occasions over the 1.50 crore shares that had been on provide through the subscription interval from July 27-29, 2021. The worth band was fastened at Rs 695-720 per share.
Glenmark Life Sciences IPO acquired bids of over 66.33 crore (66,33,24,160) shares in opposition to the full challenge dimension of over 1.50 crore (1,50,18,279) shares, knowledge out there with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 36.97 occasions, whereas these of non institutional buyers was subscribed a whopping 122.54 occasions and that of retail particular person buyers (RIIs) was subscribed 14.63 occasions, the information confirmed.

Glenmark Life Sciences is a number one developer and producer of choose excessive worth, non-commoditized energetic pharmaceutical components (APIs) in power therapeutic areas, together with heart problems, central nervous system illness, ache administration and diabetes. It additionally manufactures and sells APIs for gastro-intestinal issues, anti-infectives and different therapeutic areas.

The IPO of Glenmark Life Sciences has a complete dimension of Rs 1,513.6 crore comprising of a recent challenge of fairness shares value Rs 1,060 crore and a proposal on the market (OFS) comprising of as much as 63 lakh fairness shares value Rs 453.6 crore by Glenmark Pharma.
Investors at the moment are wanting ahead to the share allotment date of the Glenmark Life Sciences IPO. The firm was initially imagined to finalise the allotment by Tuesday, August 3, 2021, as per the timeline offered within the crimson herring prospectus (RHP). However, the registrar’s web site reveals that it’ll get allotted on Wednesday, August 4, 2021. In case you’ve got utilized for the Glenmark Life Sciences IPO, then right here is how one can verify the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose GLENMARK LIFE SCIENCES LIMITED within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.

Apart from the registrar’s web site, candidates also can verify the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose GLENMARK LIFE SCIENCES LIMITED from the drop-down record within the Issue Name part, enter their Application Number and PAN Number within the respective containers after which click on on search to view their standing.

The itemizing of shares of Glenmark Life Sciences is prone to happen on Friday, August 6, 2021, on each the NSE and BSE.