Gland Pharma IPO
Chinese pharmaceutical company Fosun Pharma backed Gland Pharma will float an IPO offer of Rs 6000 crores. They have already received SEBI approval on the matter. The offer containing both primary and secondary shares might hit the market in November. Gland Pharma will be the first pharma company to make a debut in the bourses this year. Eris Lifescience was the last pharma company to list in the Indian exchanges three years ago.
Gland Pharma IPO Detail
Gland PharmaIssue Period: 09th November 2020 to 11th November 2020
₹20/- For Intraday, F&O, Currencies & Commodities
Gland Pharma IPO Information
Gland Pharma started its journey in 1978 in Hyderabad. The company currently sells its product in 67 countries, including the US, Europe, Canada, Australia, and India. Gland Pharma has extensive experience in developing, manufacturing, and marketing complex-injectable that it sells under the B2B model. In 2017, Singapore based Chinese pharmaceutical company Fosun pharma acquired 74 percent of the company.
- Long proven track record and deep-rooted industry understanding in developing, manufacturing, and marketing sophisticated drugs
- Multiple manufacturing facilities in India, including four finished formulation facilities
- Strong financials to attract investors. The company clocked Rs 2772.4 crores in revenue in FY 2020
- Recently, the firm increased its manufacturing capacity from 670 million units in 2018 to 755 million units in 2020
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