Thursday, November 12, 2020

Gland Pharma IPO: Issue Oversubscribed by 2.05 Times



* Rs 6480-crore issue is the largest in pharma industry 

* Gland Pharma raised Rs 1943.86 crore from Anchor Investors

* Gland Pharma allocates 12,959,089 equity shares at the upper price band of Rs 1500 per equity shares to anchor investors

* 70 marquee global and domestic funds came in as anchor investors

* IPO price band fixed at Rs 1490 to Rs 1500 per equity share 

* Gland Pharma to raise Rs 6,480 crore through the IPO

* IPO include Rs 1,250 crore fresh issue and the rest being Offer for Sale 

* Gland Pharma to use Rs 1,250 crore fresh funds for capital expenditure & working capital requirements 

* Gland Pharma is an integrated manufacturer of complex injectable products.

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