Gland Pharma IPO – IPO price band fixed at Rs 1490 to Rs 1500 per equity share

Gland Pharma IPO :-

Gland Pharma 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

City Today News



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