Sebi to relax norms for re-classification process. LUPIN 2.34%. 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. The IPO consists of a fresh issue of Rs 1,250 crore and an offer for sale of 3,48,63,635 equity shares by the promoter and other selling shareholders. The company is backed by China’s Fosun Pharma, making it one of the biggest offerings by Promoters of Gland Pharma IPO. Most brokerage houses have a bullish view on Gland Pharma and have assigned a 'Subscribe' rating to the issue. Business. Updated: 09 Nov 2020, 10:22 PM IST Ashwin Ramarathinam. It is estimated that the IPO could be in the range of Rs 5,000-6000 crore. Fosun Pharma owns 74 per cent stake in the company. Balance Sheet Standalone; Consolidated; View Detailed (in Rs. The quota for retail investors in Gland Pharma IPO is fixed at 35 per cent of the net offer. Chinese pharma giant Fosun Pharma (Shanghai Fosun Pharmaceutical Group) holds 74% stake in Gland through Fosun Singapore. Gland Pharma Limited Survey No. These firms are not related to Gland Pharma or its promoters, promoter group, directors or key managerial personnel, the company said in its IPO prospectus. Español 1 646 000+ artículos. here . Sun Pharmaceutical Industries ist ein indischer Pharmahersteller mit Sitz in Mumbai.Sun Pharmaceutical zählt zu den 50 größten Pharmaunternehmen weltweit und ist das größte Unternehmen der Branche in Indien. That apart, Gland has another edge in high quality control. In a virtual press conference, the company said it has fixed a price of Rs 1,490-1,500 per share for the initial public offer (IPO). The company’s promoters are Fosun Singapore and Shanghai Fosun Pharma. What is the quota reserved for retail investors in Gland Pharma IPO? Cr.) The company's promoters are Fosun Singapore and Shanghai Fosun Pharma. Find out shareholding of promoters, MF, FII, individuals, pledged shares details and whether MF/DIIs and FIIs have bought or sold Gland Pharma Ltd. in the latest quarter ending . English 6 207 000+ articles. Gland Pharma Shareholding Pattern - Promoter and Promoter Group - September 2019. A gland is a group of cells in an animal's body that synthesizes substances (such as hormones) for release into the bloodstream (endocrine gland) or into cavities inside the body or its outer surface (exocrine gland). 2200.00-24.40 (-1.10%) Benchmarking. Price. Gland Pharma's public offer aiming to raise ₹ 6,479.54 crores through the public issue is the largest pharma IPO in India. Replying to a query on the several restrictions being imposed by the Centre on Chinese companies, Sadhu said they don't foresee any issues as Gland Pharma is in the healthcare sector. Promoter Fosun Singapore is selling up to 15,494,949 shares and other shareholders and the company will sell up to 8,33,333 shares. At the higher price band, Gland Pharma aims to raise Rs 6,479.54 crore via public issue. Gland Pharma Ltd.’s initial public offering witnessed a healthy response on the final day of bidding. At the right is a group of mucous alveoli, at the left a group of serous alveoli. Before the launch of the IPO for subscription, the company had raised Rs 1,944 crore from anchor investors. This will be updated shortly! Since all the conditions p Price range for the IPO was fixed at Rs 1,490-1,500 per share. Read here: Gland Pharma: Key things to know about India's largest pharma IPO. The company''s promoters are Fosun Singapore and Shanghai Fosun Pharma. Existing promoters plan to sell around 34 million shares, which could be worth around ₹4,750 crore. “Company coming … Gland Pharma sells its products primarily through a business-to-business model in over 60 countries, including the U.S., Europe, Canada, Australia and India. Gland Pharma now has a market cap of Rs 29,724.82 crore, which places it among the top ten pharma stocks. Gland Pharma Ltd. Data for this company is currently being indexed. Gland Pharma has fixed a price band of Rs 1,490-1,500 per share for the IPO. Maximum promoter holding to be eligible for reclassification to be raised from 10% to 15%; waiting time to be brought down to one month from three. Pally, Dundigal Gandimaisamma Mandal Medchal- Malkajgiri District Hyderabad 500043, Telangana, India Phone: +91-40-30510999 Gland Pharma on Wednesday said its initial share-sale will open on public subscription on November 9 to raise about Rs 6,480 crore. Discover: Search filings 32 meeting announcements today 4 major resignations today New Investor Presentations. 41459; Add/Edit Companies . Interest from retail investors and high … Gland Pharma IPO Promoter Holding. Please click . In September 2017, Israeli subsidiary Sisram Medical (parent company of Alma Lasers) was spin-off as a separate listed company on the Stock Exchange of Hong Kong. : 35–36. MUMBAI: Promoters of Hyderabad-based speciality injectable drugs maker Gland Pharma have decided to put their controlling stake on the block, three people with direct knowledge of the matter said. It has been consistent in its performance with strong fundamentals. The company has fixed the price band for its offer at Rs 1,490-1,500 per share. Русский 1 682 000+ статей. Gland; Human submaxillary gland. The company’s promoters are Fosun Singapore and Shanghai Fosun Pharma. It includes the shares of both promoters and selling shareholders. As you can see from the financial records, Gland Pharma has posted strong growth in revenues over the last three years. Financial. The offer comprised issuance of fresh shares worth up to Rs 1,250 crore and an … Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation. The Hyderabad-based company, backed by China’s Fosun Pharma, develops, manufactures and markets complex injectables. Français 2 277 000+ articles. Fosun Pharma will sell a 12.5% stake. As per the Sebi filing on the IPO, Gland Pharma's promoter Fosun Singapore held 114.66 million shares, which aggregated to 74% of the pre-offer, paid-up equity capital of the company. Out of the total shares, 1.9 crore shares are of Fosun Pharma Industrial Pte and one crore shares are of Gland Celsus Bio Chemicals. Gland Pharma IPO - Subscribe Says Research Analysts ; Gland Pharma IPO opens on 9th November 2020; Gland Pharma IPO Subscription Status (Bidding Detail) The Burger King IPO is subscribed 12x times on Nov 11, 2020 18:00. In October 2017, the acquisition of 74% stake of Gland Pharma was completed. As of 31 December 2017, Fosun Pharma owned Sisram Medical 52.83% shares. The remaining shares are of Empower Discretionary Trust and Nilay Discretionary Trust. Chinese drug firm Fosun Pharma has acquired approximately 74 per cent in Hyderabad-based Gland Pharma at a valuation of not more than USD 1.09 billion, the company has said. Fosun Singapore; Shanghai Fosun Pharma; Summing Up. The Benchmarking section has been moved to the next tab. What is the issue size of Gland Pharma IPO? The offer comprised issuance of fresh shares worth up to Rs 1,250 crore and an offer for sale (OFS) of up to 3,48,63,635 shares. About Gland Pharma: The company was founded by PVN Raju in 1978. Best in class. Top Losers PFC -2.39%. Gland Pharma plans to raise ₹1,250 crore through the IPO. Fosun Singapore and Shanghai Fosun Pharma-promoted Gland Pharma is set to launch its initial public offer (IPO) worth over Rs 6,400 crore on November 9. 143-148, 150 & 151 Near Gandimaisamma 'X' Roads D.P. Gland Pharma IPO lacked confidence from investors as the company only secured 4 per cent of subscription on the first day. Pre Issue Share Holding: 74%: Post Issue Share Holding: 58%: Related Articles. PNB -2.30%. In 2017, Fosun Pharma acquired 74 per cent stake in Gland Pharma. Gland Pharma IPO: The issue will close on November 11 Gland Pharma’s ₹ 6,480-cr IPO off to a slow start 1 min read. Italiano 1 658 000+ voci. 日本語 1 243 000+ 記事. Fosun Pharma’s acquisition of Gland Pharma in … Markets Today Top Gainers EICHERMOT 2.73%. Wikipedia The Free Encyclopedia. Anwendungsgebiete für Pharmaka von Sun Pharmaceutical sind die Kardiologie, die Neurologie, die Gastroenterologie und die Psychiatrie. Not surprising that Gland’s R&D cost as percentage of sales is low at 3.5%. Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 … While Indian pharma has made it big in generics, over the past five years, it has been caught in the crosshairs of the US Food and Drug Administration (FDA). Gland Pharma has set an issue price band of ₹1490 -₹1500 per share. The company's promoters are Fosun Singapore and Shanghai Fosun Pharma. Gland Pharma’s public issue consisted of a fresh issue of Rs 1,250 crore and an offer for sale of over 3.48 crore equity shares. The issue was subscribed 98% as of 1:00 pm on Nov. 11, led by institutional investors who bid for three times the shares on offer. Deutsch 2 510 000+ Artikel. Wikimedia Foundation in 1978 Pharma aims to raise Rs 6,479.54 crore via public issue is the largest Pharma.... Sheet Standalone ; Consolidated ; View Detailed ( in Rs Group of serous alveoli today New Investor.... Summing up IPO in India Singapore and Shanghai Fosun Pharmaceutical Group ) holds 74 % Related. 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