Gland Pharma issue oversubscribed by 2.05 times
The company is an integrated manufacturer of complex injectable products
cityairnews
Nov 12, 2020 11:53
0
Chandigarh: Some of the Highlights are as under:
• 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
