Glenmark Life Sciences IPO: How to check share allotment status online
Glenmark Life Sciences IPO: After getting subscribed for more than 44 times of its initial public offer, all eyes are now set on the share allotment date of ₹1,513.60 crore worth public issue. Glenmark Life Sciences IPO allotment date is 3rd August 2021 i.e. tomorrow and hence those who have applied for the IPO of the Active Pharmaceutical Ingredients (APIs) manufacturer company, are anxiously waiting for finalisation of the share allotment. For information to such bidders, they can check their application status online by logging in at the official BSE website or at the website of official registrar of this public issue — KFintech Private Limited.
How to check Glenmark Life Sciences IPO allotment status
As mentioned above, the Glenmark Life Sciences IPO bidders can check the allotment status online by logging in at the BSE website or at the official registrar KFintech’s website. The direct link to BSE website is bseindia.com/investors/appli_check.aspx. Bidders can check in at ris.kfintech.com/ipostatus/ipos.aspx, if they want to check their share allotment status by logging in at the official registrar’s website.
Glenmark Life Sciences IPO allotment status check at BSE
To check one’s share allotment status online at BSE, bidders can login at bseindia.com/investors/appli_check.aspx. After logging in, they need to follow some simple steps to check their application status online.
Here is step by step guide:
1] Login at direct BSE link — bseindia.com/investors/appli_check.aspx;
2] Enter ‘Glenmark Life Sciences IPO’ at the space given for issue name;
3] Enter your application number;
4] Enter your PAN details;
5] Click at ‘I’m not a robot’; and
6] Click at ‘Submit’ button.
Your Glenmark Life Sciences IPO application status will become available on the computer monitor or on the Smartphone screen.
Glenmark Life Sciences IPO allotment status check at KFintech
Those who want to check their application status online by logging in at the official registrar KFintech’s website, they are advised to login at the direct KFintech link — ris.kfintech.com/ipostatus/ipos.aspx. The website may not open due to sudden rise in traffic on the website. In such a scenario, bidders are advised to login again after some time.
Here is step by step guide:
1] Login at the direct KFintech link — ris.kfintech.com/ipostatus/ipos.aspx;
2] Click at either of the given links — 1, 2, 3 or 4;
3] Select Glenmark Life Sciences IPO at the space given for IPO name;
4] Choose the application type;
5] Enter your IPO application number;
6] Enter security code or Captcha; and
7] Click at ‘Submit’ button.
Your Glenmark Life Sciences share allotment status will become available on the computer monitor or on the Smartphone screen.
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Glenmark Life Sciences IPO allotment: Check GMP and application status
New Delhi: Amidst a busy week in the primary market, investors are awaiting the debut of Glenmark Life Sciences after the stellar listing of Tatva Chintan Pharma Chem last week.However, the pharma player is losing its ground in the grey market. Last heard, it was commanding a premium of less than Rs 100 in the unofficial market, where the stock was trading at a premium of more than Rs 580 when the issue was announced.Analysts say that a poor sentiment in the pharma sector could be weighing on the company’s premium in the grey market.Investors are now awaiting for the listing of Glenmark Life Sciences. The basis of allotment is likely to be finalised by Tuesday, August 3. The shares of the company are expected to list on Friday, August 6.The Rs 1,514 crore issue, which was sold in the Rs 695-Rs 720 price band, received a strong investor response as it was subscribed over 44 times.The quota reserved for qualified institutional buyers (QIBs) was subscribed 37 times while the one reserved for non-institutional investors (NIIs) by 126 times. The retail quota was subscribed 15 times. Glenmark Life Sciences IPO received more than 39 lakh applications, the second-highest ever after Reliance Power IPO in 2008. The Rs 9,375 crore IPO of Zomato had received more than 32 lakh applications last month.Considering the FY-21 adjusted EPS of Rs 28.69 on a post-issue basis, the upper price band implies a P/E of 25.09 with a market cap of Rs 8,822 crore, while most of its peers are trading at higher valuations. The company, which is a spinoff of Glenmark Pharma, is in the Active Pharmaceutical Ingredient (API) business, analysts said.Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:1) Visit https://www.bseindia.com/investors/appli_check.aspx2) Under the issue type, click Equity3) Under the issue name, select Glenmark Life Science Limited in the dropbox4) Write the application number5) Add the PAN card ID6) Click on ‘I am not a Robot’ and hit submit.You can also check the allotment status on the online portal of KFin Technologies Private Limited (https://https://evault.kfintech.com/ipostatus), the registrar to the issue.The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.1) Go to the web portal of KFin Technologies Private Limited2) Select the IPO in dropbox where the name will be populated only after the allotment is finalised3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID4) In application type, select between ASBA and non-ASBA5) Enter the details of the mode you selected in Step 26) For security purposes, fill the captcha accurately7) Hit submit.Bidders who could not get allotment in the IPO may see the initialisation of refunds on Wednesday. Shares would be credited into the demat accounts of successful bidders by Thursday.
Glenmark Life Sciences IPO share allotment status: Here’s how to check your shares
Glenmark Life Sciences IPO share allotment status: The initial public offering (IPO) of Glenmark Life Sciences, a wholly-owned subsidiary of Glenmark Pharmaceuticals, was subscribed 44.17 times over the 1.50 crore shares that were on offer during the subscription period from July 27-29, 2021. The price band was fixed at Rs 695-720 per share.
Glenmark Life Sciences IPO received bids of over 66.33 crore (66,33,24,160) shares against the total issue size of over 1.50 crore (1,50,18,279) shares, data available with the National Stock Exchange (NSE) showed.
The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 36.97 times, while those of non institutional investors was subscribed a whopping 122.54 times and that of retail individual investors (RIIs) was subscribed 14.63 times, the data showed.
Glenmark Life Sciences is a leading developer and manufacturer of select high value, non-commoditized active pharmaceutical ingredients (APIs) in chronic therapeutic areas, including cardiovascular disease, central nervous system disease, pain management and diabetes. It also manufactures and sells APIs for gastro-intestinal disorders, anti-infectives and other therapeutic areas.
The IPO of Glenmark Life Sciences has a total size of Rs 1,513.6 crore comprising of a fresh issue of equity shares worth Rs 1,060 crore and an offer for sale (OFS) comprising of up to 63 lakh equity shares worth Rs 453.6 crore by Glenmark Pharma.
Investors are now looking forward to the share allotment date of the Glenmark Life Sciences IPO. The company was initially supposed to finalise the allotment by Tuesday, August 3, 2021, as per the timeline provided in the red herring prospectus (RHP). However, the registrar’s website shows that it will get allotted on Wednesday, August 4, 2021. In case you have applied for the Glenmark Life Sciences IPO, then here is how you can check the status of your allotment when it gets declared:
The allotment status will get updated on the website of the registrar of the IPO, which in this case is KFin Technologies (Click here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants will need to select GLENMARK LIFE SCIENCES LIMITED in the drop-down menu and enter either their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is shown in digits) and click on Submit to view their allotment status.
Apart from the registrar’s website, applicants can also check the status of their allotment on the website of the BSE (Click here: https://www.bseindia.com/investors/appli_check.aspx). Here, they will need to select Equity in Issue Type, then select GLENMARK LIFE SCIENCES LIMITED from the drop-down list in the Issue Name section, enter their Application Number and PAN Number in the respective boxes and then click on search to view their status.
The listing of shares of Glenmark Life Sciences is likely to take place on Friday, August 6, 2021, on both the NSE and BSE.