gland pharma promoters

What should investors do with this IPO – should they put money in it or skip it? The company’s share in the intraday trade so far has hit a high of Rs 1,850 on the BSE. Zee Business Managing Editor Anil Singhvi gives his sharp and incisive take on it! Also, if we look at the profits, they have increased in 2019 and 2020 by 40.74% and 71.04% respectively, which suggests that the company looks after cost optimization. From being investors bringing in growth capital, private equity (PE) firms are now getting into the promoter seat of Indian pharmaceutical and healthcare companies. Funding incremental working capital requirements of … Reply. Gland Pharma Ltd is a Public incorporated on 20 March 1978. Established in Hyderabad, India in 1978, Gland Pharma has grown to become one of the biggest and quickest developing injectable-centered organizations. We have updated our terms and conditions and privacy policy She finds her happy place in writing. Updated: 09 Nov 2020, 10:22 PM IST Ashwin Ramarathinam. |, Top 10 Indian Merger and Acquisition Deals, Ketan Parekh scam: All that you must know, All About Pradhan Mantri Awas Yojana [PMAY –urban], IPO allotment Process: Know all about Allotment of Shares, IPO vs OFS: Difference between IPO, FPO and OFS, IPO Process: 5 steps for Successful Listing. Zee Business Managing Editor Anil Singhvi gives his sharp and incisive take on it! Gland Pharma promoters put their 60 per cent stake on the block 20 Aug, 2015, 04.00 AM IST Promoters of Hyderabad-based speciality injectable drugs maker Gland Pharma have decided to put their controlling stake on the block. Gland Pharma Ltd, the first Indian company with a Chinese promoter to go public, made a robust debut on the stock markets on Friday, with its shares closing nearly 22% above issue price. PRINT All Rights Reserved. Pfizer’s COVID vaccine and allergies: How concerned should you be? Financial Overview of Gland Pharma IPO . The table below lists out the details of the shareholding pattern prior to the Gland Pharma IPO. 0 The organization has a portfolio of injectable items across different helpful areas and delivery systems. Read here: Gland Pharma: Key things to know about India's largest pharma IPO. Hyderabad-based injectable-focus-med drugmaker Gland Pharma opened its public issue for subscription on November 9 at Rs 1,490-1,500 per share with the issue band. Gland Pharma IPO Subscription Details: Institutional investors: 3.05x; High net-worth individuals: 9% ; Retail investors: 18%; The injectables maker plans to raise Rs 6,480 crore through the maiden offer at Rs 1,490-1,500 apiece. Investors trade in the stock market either through the primary market or through the secondary market. Price. Covid-19 recovery rate in India among highest in the world: Health Ministry54 mins ago, HC notice to Centre on plea against allowing non-medical persons to certify diagnostic reports4 hrs ago. Gland Pharma launch the IPO in … The Promoter of this company is: FOSUN PHARMA INDUSTRIAL PTE. One of the promoters in Gland Pharma is Shanghai Fosun Pharmaceutical Co., Ltd., known as Fosun Pharmaceutical or just Fosun Pharma is a Chinese listed pharmaceutical company. 1,250 crores and an offer for sale (OFS) of 3.4 crore equity shares by the promoters and other selling shareholders. It manufactures a diversified range of high-quality complex injectables. Chinese drug firm Fosun Pharma has acquired approximately 74 per cent in Hyderabad-based Gland Pharma at a valuation of not more than USD … Vertically integrated injectables manufacturing capability. It has been consistent in its performance with strong fundamentals. Increase current market presence and enter new business sectors. Gland Pharma open for subscription; why should you subscribe? IPO stands for Initial Public Offering. Gland Pharma is set to be India’s largest pharma public offering, with an issue size of Rs. Subsequently the name of the Company was changed to `Gland Pharma Limited' pursuant to a special resolution passed by the shareholders of the Company … The company offers products like sterile injectables, oncology, and ophthalmics, complex injectables (peptides, suspensions, hormonal products, long-acting injectables), NCE-1s, First-to-File products, etc. 41459; Add/Edit Companies . Gland Pharma IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code. The table below lists out the details of the shareholding pattern prior to the Gland Pharma IPO. Dear user, ET HealthWorld privacy and cookie policy has been updated to align with the new data regulations in European Union. It has a history of working a B2B model with some driving pharma groups like Sagent Pharmaceuticals Inc., Apotex Inc., Fresenius Kabi USA LLC, Athenex Pharmaceutical Division LLC (US), and more. Scope of growth as the pharma sector is growing globally as they make complex injectables. Gland Pharma has fixed a price band of Rs 1,490-1,500 per share for the IPO. Despite what might be expected, research firm GEPL Capital has prescribed a 'buy-in' to the issue as it is evaluated at P/E of 18.52x on annualized EPS of the quarter finished June 2020. Dependence on China for the supply of raw materials. Gland Pharma shares received an overwhelming response from investors on their first day on Friday as they rose up 23 per cent when compared to the issue price of Rs 1,500. The company's promoters are Fosun Singapore and Shanghai Fosun Pharma. As we can see, from 2018 to 2019, there is an increase of 27.4% in the total income. However, only a small amount of the money raised through the issue will go to the company. 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