Gland Pharma issue oversubscribed by 2.05 times

Chandigarh: Some of the Highlights are as under:

•    Rs 6480-crore issue is the largest in pharma industry 

•    Gland Pharma raised Rs 1943.86 crore from Anchor Investors

•    Gland Pharma allocates 12,959,089 equity shares at the upper price band of Rs 1500 per equity shares to anchor investors

•    70 marquee global and domestic funds came in as anchor investors

•    IPO price band fixed at Rs 1490 to Rs 1500 per equity share 

•    Gland Pharma to raise Rs 6,480 crore through the IPO

•    IPO include Rs 1,250 crore fresh issue and the rest being Offer for Sale 

•    Gland Pharma to use Rs 1,250 crore fresh funds for capital expenditure & working capital requirements 

•    Gland Pharma is an integrated manufacturer of complex injectable products