Business Standard

Gland Pharma Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

6,479.55 cr

Price Range (₹)

1500

Lot Size

10

Min Investment (₹)

15,000.00

Listing Exchange

MumbaiNSE

Open Date

09-Nov-2020

Close Date

11-Nov-2020

Listing Date

20-Nov-2020

Gland Pharma Ltd News

    The Shares of Gland Pharma Ltd have now been listed.

    Gland Pharma Ltd IPO Details

    Initial public offer of 43196968 equity shares of face value of Re. 1 each (equity shares) of Gland Pharma Limited (Company or Issuer) for cash at a price of Rs.1500 Per equity share (including a share premium of Rs.1499 per equity share) aggregating Rs.6479.55 crores (The Offer) comprising a fresh issue of 8,333,333 equity shares aggregating up to Rs. 1250 crores on (The fresh issue) and an offer for sale of 34,863,635 equity shares, including 19,368,686 equity shares by Fosun Pharma Industrial Pte. Ltd (promoter selling shareholder) and 10,047,435 equity shares by Gland Celsus Bio Chemicals Private Limited, 3,573,014 equity shares By Empower Discretionary Trust, and 1,874,500 equity shares by Nilay Discretionary Trust (collectively, the other selling shareholders and collectively With the promoter selling shareholder are referred to as the selling shareholders, and such equity shares, the offered shares) aggregating up to Rs. 5229.55 crores (the offer for sale). The offer shall constitute 26.46% of the post-offer paid-up equity share capital of the company.The face value of Equity shares is Re.1 each. The offer price is Rs.1500 per equity share and is 1500 times the face value of the Equity Shares. The Anchor Investor Offer Price is Rs.1500 per Equity Share.

    Objective of issue

    Funding incremental working capital requirements of the company. Funding capital expenditure requirements of the company. General corporate purposes.

    Gland Pharma Ltd Contact Details

    Gland Pharma Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investors@glandpharma.com

    Website - www.glandpharma.com