Glenmark Life Sciences IPO oversubscribed by 3.59 times on day 1:

Glenmark Life Sciences

The Rs 1,513.6-crore public offer of Glenmark Life Sciences has been oversubscribed by 3.59 times on July 28, the second day of bidding.

The offer has received bids for 5.38 crore equity shares against IPO size of 1.5 crore equity shares, the subscription data available on the stock exchanges.

Retail investors have put in bids 6.66 times their reserved portion and the portion set aside for non-institutional investors was subscribed 1.12 times. The portion set aside for qualified institutional buyers saw 1 percent subscription.

News Source:- Moneycontrol

 

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