Everything You Need to Know About Glenmark Life Sciences IPO

Glenmark Life Sciences is launching its IPO. The public offer comprises a fresh issue of equity shares worth Rs. 1,160 crores and offer for sale of 63 lakh equity shares by its parent company Glenmark Pharmaceuticals Ltd.

About the company:

Glenmark Life Sciences is a leading developer and manufacturer of Active Pharmaceutical Ingredients (APIs) catering to chronic therapeutic areas such as cardiovascular disease, central nervous system disorders, pain management, and diabetes, among others. As of December 31, 2020, the company had a portfolio of 120 molecules globally and sold its APIs in India as well as to multiple countries in Europe, North America, Latin America, Japan, and the rest of the world.

Financial Snapshot:

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 886.87 195.59 24.64
March 2020 1,549.30 313.10 29.04
March 2021 1,885.98 351.58 32.61

For more information, you can refer to the IPO Prospectus filed by the company.

Tentative Schedule:

Event Date
Issue Period 27th July 2021 to 29th July 2021
Price Range ₹ 695 to 720
Minimum Bid Quantity 20 and in multiples thereof
Finalisation of Allotment 3rd August 2021
Initiation of Refunds 4th August 2021
Credit of Shares 5th August 2021
Listing Date 6th August 2021

How do I apply to the Glenmark Life Sciences IPO?

You can apply for the Glenmark Life Sciences IPO using any supported UPI app by following two steps:

  • Enter your bid on Console

  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

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How is this IPO going to affect the price of Glenmark?

Are the existing investors of Glenmark given any preference or discount or any other benefits ?

I had applied for glenmark ipo but didn’t receive any email from bse/nse unlike other applied ipos while ASBA showing “applied successfully”.
Any clue why this did happen this time?

Can you message your Client ID?

Even I didn’t get. So I checked in nse website and my application is there. So I believe its submitted to the exchange.

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Can you please tell me how to do check it on NSE/BSE?



To check in NSE you need to login.

For both BSE and NSE it is asking for an Application number which I have not received.

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