What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Glenmark Life Sciences Limited IPO allotment date?

The basis of allotment for Glenmark Life Sciences Limited IPO is scheduled to be finalized on 3 Aug 2021.

Where can I check Glenmark Life Sciences Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 4 Aug 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Glenmark Life Sciences Limited

ListedMainboard

Healthcare & Pharmaceuticals · NSE / BSE

Incorporated in 2011, Glenmark Life Sciences is a leading manufacturer of active pharmaceutical ingredients (APIs), developing and supplying high-quality products used in treatments for cardiovascular, central nervous system, pain management, diabetes, gastrointestinal disorders, anti-infectives, and other therapeutic areas. The company serves customers in India and exports its products to several international markets including Europe, North America, Latin America, and Japan. It operates four manufacturing facilities located at Ankleshwar and Dahej in Gujarat, and Mohol and Kurkumbh in Maharashtra, with a total annual installed capacity of 725.8 KL as of December 31, 2020.

Price Band

₹695 – ₹720

Issue Size

₹1514 Cr

Lot Size

20 shares

GMP

₹82

+11.4%

Est. Listing

₹802

at current GMP

Subscribed

—

Open

27 Jul 2021

29 Jul 2021

Allotment

3 Aug 2021

Refund

4 Aug 2021

Demat Credit

5 Aug 2021

Listing

6 Aug 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Glenmark Life Sciences Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

3 Aug 2021

Basis finalization

Refunds Initiate

4 Aug 2021

Mandate release

Demat Credit

5 Aug 2021

Shares in demat

Listing Debut

6 Aug 2021

Trading begins

About Glenmark Life Sciences Limited Public Issue & Market Profile

Glenmark Life Sciences Limited is bringing an initial public offering (IPO) in the Healthcare & Pharmaceuticals sector with an aggregate issue size of ₹1,514 Crores. The shares are offered at a price band of ₹695 to ₹720 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 20 shares (approx. ₹14,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-08-05, while un-allotted funds or UPI block mandates will be released on 2021-08-04.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.