Glenmark Life Sciences IPO Allotment: Know How to Check Allotment Status and What is Gray Market Premium

Glenmark Life Sciences IPO Allotment: The allotment of shares of API maker Glenmark Life Science is due on August 3. The company had issued an issue of Rs 1513.6 crore. The company’s IPO opened on July 27 and closed on July 29. The issue of the company was subscribed 44.17 times. Its price band was Rs 695-720.

The reserve share for qualified institutional investors is subscribed 36.97 times. Whereas the reserve portion for non-institutional is filled up to 122.54 times. While the retail portion was subscribed 14.63 times.

The listing of shares of Glenmark Life Sciences can happen on 6 August. The gray market premium of unlisted shares of the company before listing is Rs 97-100 more than the issue price. Accordingly, the share of Glenmark Life Sciences is trading in the gray market at Rs 820, 14 percent above the issue price. The shares of Glenmark Life Sciences will be listed on both BSE and NSE.

If you have also invested in the issue of Glenmark Life Sciences, then you can check your allotment status like this.

How to check allotment status

Log on to link and select IPO.

After this enter your DP ID / DP Client ID or PAN number.

If you select the option of Application Number, then first of all you have to select the Application Type (ASBA or Non ASBA).

Then the application number has to be entered. If you have selected DP ID or Client ID then first you have to select your depository NSDL or CDSL.

After that you have to enter your ID. After that enter the captcha and submit and your status will be told to you.

How to check status on BSE First of all log on to this link. Here you click on Equity.

Next, enter Glenmark Life Sciences in the issue name. Then enter your application number, PAN number. After that click on Im not a robot.

Then click on Search. After this your allotment status will appear on your computer screen or smartphone screen.

If you don’t get shares of Glenmark Life Sciences, your money will be returned on 4th August. And if you get shares of Glenmark Life Sciences, then on 5th August it will start appearing in your demat account.

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