Glenmark IPO: Another Earning Opportunity Coming on July 27th! Earn big profit by investing Rs 695-720

New Delhi: If you have missed earning from GR Infra or Clean Science IPO, then now you have another opportunity to earn money from IPO. You will get this opportunity from July 27 to July 29, 2021. Let us tell you that Glenmark Life Science is giving you this earning opportunity. This company (Glenmark Life Science IPO) is also coming with its IPO and price bands have also been fixed for this. Its parent company Glenmark Pharmaceuticals Limited has given information about this to the stock market on Tuesday.

Let us tell you some important things about Glenmark Life Science IPO-
>> The price band of this IPO has been fixed at Rs 695-720.
>> Its lot size will be 20 shares.
>> Will be able to subscribe from July 27 to July 29, 2021.
>> This will be the 29th IPO of the year 2021.
>> Fresh issue of 1060 crores will be issued in the IPO.

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How many crores will the company raise?
Let us tell you that in this issue, the company will keep 50 percent for QIB and 35 percent for retail investors. Apart from this, non-institutional investors will get 15 percent. The company is planning to raise Rs 1,513.6 crore through this issue.

List will be on 6th August
The bidding of shares for anchor investors will start from July 26 and the company’s shares will be listed on BSE and NSE on August 6.

Who are Lead Managers?
Goldman Sachs, Kotak Mahindra Capital, BofA Securities, DAM Capital, BoB Caps and SBI Capital Markets are the lead managers of the issue in this IPO.

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How was the profit of the company?
The company’s total income in the fiscal year 2020 was 1549.30 crores, which was 886.87 crores a year ago. Net profit for the period stood at ₹313.10 crore as against ₹195.59 crore last year. As of December 2020, the company’s debt stood at ₹947.44 crore.

(Disclaimer: Market Investments are subject to market risk. Investors should consult experts before investing. News18.com does not advise anyone to invest.)

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