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Glenmark Life Sciences Limited

Glenmark Life Sciences Limited

listed
₹13,900Min. investment

Glenmark Life Sciences Limited IPO Details

Price range₹695 – ₹720
IPO type
Regular
Lot size20 shares
Issue size₹1,513Cr

Glenmark Life Sciences Limited Timeline

  1. Bid start
    27 Jul 2021
  2. Bid end
    29 Jul 2021
  3. Allotment
    29 Jul 2021
  4. Release of funds
    4 Aug 2021
  5. Demat transfer
    3 Aug 2021
  6. Listing
    6 Aug 2021
About Glenmark Life Sciences Incorporated in 2011, Glenmark Life Sciences is a wholly-owned subsidiary of Glenmark Pharmaceuticals. It is a leading developer and manufacturer of active pharmaceutical ingredients (API) in chronic therapeutic areas including cardiovascular disease, central nervous system disease, pain management and diabetes. The company’s key business vertical is generic API, which contributes around 91% of the revenue. The remaining 9% of the revenue includes 8% from contract development and manufacturing operations (CDMO) to multinational and specialty pharma companies and 1% from other operating income. Headquartered in India, Glenmark Life Sciences has a diversified portfolio of products and customers. The company has developed 120 molecules, which it sells in India, Europe, Latin America, North America, Japan and the rest of the world. Of the 20 largest generic pharma companies in the world, 16 are customers of Glenmark Life Sciences. This has helped the company deliver strong financial performance over the years. The company’s revenue and net profit have grown at a CAGR of 45% and 34%, respectively, during FY19–21.

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Glenmark Life Sciences Limited Contact Details

Company NameGlenmark Life Sciences Limited

How to apply for Glenmark Life Sciences Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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