Glenmark Life Sciences is probably to finalise the IPO share allotment on Tuesday, 3 August 2021. The Rs 1,513.6-crore public concern was subscribed 44.17 instances, and was sold at a cost band of Rs 695-720 per share. In the main marketplace on Monday, Glenmark Life Sciences shares had been quoting at a premium of Rs one hundred. The shares had been seen trading at Rs 820 apiece, a 14 per cent premium more than IPO cost, according to the persons who deal in shares of unlisted organizations. Equity shares are probably to make their stock marketplace debut on Friday, 6 August 2021. Upon profitable completion of the IPO, Glenmark Life Science could join peers such as Divis Laboratories, Laurus Labs, Shilpa Medicare, and Solara Active Pharma Sciences.
The initiation of refunds or unblocking of funds from ASBA accounts will take spot on 4 August 2021. While the equity shares will be credited to depository accounts on 5 August 2021. The IPO investors can verify the IPO allotment status through BSE and the registrar’s web-sites. The registrar of the concern is KFin Technologies, a SEBI-registered entity, accountable for the IPO allotment and refund processing.
How to verify Glenmark Life Sciences share allotment status through KFin Tech web site
Investors can verify the allotment status on KFin Technologies web site below the ‘IPO Status’ section (https://ris.kfintech.com/ipostatus/) when it gets declared. After that, pick the IPO and enter either your application quantity or DPID/Client ID or PAN. In the case of the application quantity box, pick application variety and enter the application quantity. If the DPID/Client ID box is selected, pick the depository from the drop-down menu, enter DPIP, Client ID. If the PAN solution box was selected, enter the permanent account quantity. In the last step, enter the offered captcha and click submit. This will show the quantity of shares that have been applied and allotted to the investor.
Check Glenmark Life Sciences share allotment status through BSE web site
Another way to verify the allotment status in Glenmark Life Sciences is via the BSE web site (https://www.bseindia.com/investors/appli_check.aspx). Select the concern variety as ‘equity’, and the concern name as ‘Glenmark Life Sciences Ltd’ from the drop-down list, when it gets declared. After that enter the application quantity and PAN (permanent account quantity). In the last step, click on the search tab to view the status facts.