Glenmark IPO Allotment date 2021
New Delhi : During the busy week of the first market, investors are waiting for the start of Glenmark Life Sciences after Tatva Chintan Pharma Chem’s star list last week.
Glenmark IPO Allotment date 2021 : However, the pharma player is losing its land in the gray market. Last heard, it was ordering a premium of less than Rs 100 in the illegal market, where the stock was selling for more than Rs 580 at the time of the announcement.
Analysts say the unfavorable situation in the pharma sector could weigh on the company’s money in the gray market.
Investors are now awaiting inclusion in the Glenmark Life Sciences list. The basis for the budget is likely to be finalized on Tuesday, August 3. The company’s shares are expected to be written off on Friday, August 6th.
The release of R1.514 million, which was sold on the Rs 695-Rs 720 band, received a strong response from investors as it was registered more than 44 times.
The QIBs have been registered 37 times while that is for non-institutional investors (NIIs) 126 times. The sales rate is registered 15 times.