gland pharma promoters

Gland Pharma is promoted by Fosun Singapore and Shanghai Fosun Pharma. Any loss of such clients can bring about a decrease in deals and further affect organization edges. The company has grown from being contract manufacturer of small volume liquid parenteral products to become one of the largest … Vertically integrated injectables manufacturing capability. Mrs. Bector's Food IPO: Should you Subscribe? Today we will attempt to understand the company’s structure and business model, followed by an intrinsic and relative valuation. Promoters of Gland Pharma IPO. Gland Pharma IPO – Should you invest? The company offers products like sterile injectables, oncology, and ophthalmics, complex injectables (peptides, suspensions, hormonal products, long-acting injectables), NCE-1s, First-to-File products, etc. We have updated our terms and conditions and privacy policy Before the price band declaration, Gland Pharma shares were trading with almost Rs 200 premium in the grey market, which has now fallen to Rs 65 per share over the issue price of Rs 1500. The company’s share in the intraday trade so far has hit a high of Rs 1,850 on the BSE. Gland Pharma’s promoter Fosun Pharma is a China-based entity. It … Ishita Jha is an MBA Finance student of BIMTECH, now a blogger; trying to survive the pandemic recruitments. Gland Pharma plans to raise ₹1,250 crore through the IPO. It sells its products primarily under a business to business (“B2B”) model in over 60 countries as of March 31, 2020, including the United States, Europe, Canada, Australia, India and the Rest of the world. Gland Pharma Ltd was incorporated as `Gland Pharma Private Limited' a private limited company under the Companies Act 1956 on March 20 1978 and was granted the certificate of incorporation by Registrar of Companies Andhra Pradesh at Hyderabad. This will be updated shortly! Cr.) Ravi Penmetsa and family, which controls 60% of Gland Pharma, have mandated investment bank Jefferies & Co to look for buyers, these people said, adding that they are expecting an enterprise valuation of $1-1.2 billion (Rs 6,400-7,680 crore). Hyderabad-based injectable-focus-med drugmaker Gland Pharma opened its public issue for subscription on November 9 at Rs 1,490-1,500 per share with the issue band. The table below lists out the details of the shareholding pattern prior to the Gland Pharma IPO. Increase current market presence and enter new business sectors. Subsequently the name of the Company was changed to `Gland Pharma Limited' pursuant to a special resolution passed by the shareholders of the Company … She can be found researching, exercising, and binging to balance life. WEB Funding incremental working capital requirements of … The company business is dependent on the sale of products in 60+ nations through its key clients and key business sectors. 5. 1,490-1,500 per share. SEBI’s New Margin System for Non-F&O Stocks. Despite what might be expected, research firm GEPL Capital has prescribed a 'buy-in' to the issue as it is evaluated at P/E of 18.52x on annualized EPS of the quarter finished June 2020. Numerous nations are taking majors to boycott China. The company is now a public limited company. Gland Pharma is promoted by Fosun Singapore and Shanghai Fosun Pharma. The company was incorporated in 1978 based in Hyderabad. Market Wizard. The Benchmarking section has been moved to the next tab. 1,250 crore and 80% an offer for sale (OFS) of up to 3.49 crore equity shares of Re.1 each, almost equally by Chinese promoter Fosun Pharma and company’s original Hyderabad-based founding family, in the price band of Rs. Availability of cost-effective and skilled manpower in India. 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. 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Click "Continue" to accept and continue with ET HealthWorld. Interest from retail investors and high … The organization has a portfolio of injectable items across different helpful areas and delivery systems. With Shanghai-based Fosun Pharma holding 74 per cent in Gland Pharma before this IPO offer, it is the first company in India to be listed with a Chinese promoter. Gland Pharma Ltd.’s three-day initial public offer opens on Nov. 9 as the China’s Sanghai Fosun-controlled injectables maker sells shares in what will be the biggest maiden offer by a pharmaceutical company in India.. She finds her happy place in writing. IPO stands for Initial Public Offering. 2200.00-24.40 (-1.10%) Benchmarking. While pharmaceutical major Pfizer had made headlines on the release of their Covid-19 vaccine, its former Vice President and Chief Scientist has said that there is no need for any vaccines to bring the pandemic to an end. Align with Shanghai Fosun Pharma to expand a piece of the overall industry. Gland Pharma is the fastest developing high complex generic injectable organization. PRINT As you can see from the financial records, Gland Pharma has posted strong growth in revenues over the last three years. The company plans to raise Rs 6,480 crore through the … Gland Pharma Ltd(GPL) was incorporated in the year 1978 in Hyderabad by PVN Raju and later scaled up by his son Ravi Penmetsa. Gland Pharma is one of the fastest growing generic injectable companies in India. Price. Fosun Singapore; Shanghai Fosun Pharma; Summing Up. If such courses of action are ended for any reason, it would affect the organization's business. Existing promoters plan to sell around 34 million shares, which could be worth around ₹4,750 crore. 1,250 crore and 80% an offer for sale (OFS) of up to 3.49 crore equity shares of Re.1 each, almost equally by Chinese promoter Fosun Pharma and company’s original Hyderabad-based founding family, in the price band of Rs. 1,250 crores and an offer for sale (OFS) of 3.4 crore equity shares by the promoters and other selling shareholders. Ahead of the opening of the IPO, Gland Pharma had raised a total of Rs 1,943.86 crore at the upper price band of Rs 1,500 per share from 70 anchor investors. Gland pharma’s promoter is a global Pharmaceutical giant having global presence, and its always better for any company to have a Strong backing and that too if its from a global giant then its too good for the Company. The IPO is broken down into a fresh issue of 83 lakh shares amounting to Rs. Business. The Pharma industry is intensely managed, and business organizations require a few endorsements, licenses, enrollment, and consents. Copyright © 2020 ETHealthworld.com. Updated: 09 Nov 2020, 10:22 PM IST Ashwin Ramarathinam. It has a presence in sterile injectables, oncology, and ophthalmics, and centres around complex injectables, NCE-1s, First-to-File items, and 505(b) (2) filings. The organization has posted solid revenue gain over the most recent 3 years. Gland Pharma shares received an overwhelming response from investors on their first day on Friday as they rose up 23 per cent when compared to the issue price of Rs 1,500. Gland Pharma now has a market cap of Rs 29,724.82 crore, which places it among the top ten pharma stocks. 6,480 crore IPO on Monday 9 th November 2020, 20% of which, comprises fresh issue of Rs. With Initial Public Offering, the organization gets its shares listed on the stock exchange. Reply. Also, if we look at the profits, they have increased in 2019 and 2020 by 40.74% and 71.04% respectively, which suggests that the company looks after cost optimization. Market Wizard. This B2B model is supplemented by a business-to-client (B2C) model in India – the home market of Gland Pharma, utilizing its image quality and deals organization. There are no recorded peers who are doing similar business; consequently, one can't discover whether the issue cost is undervalued or overrated. 1,250 crores and an offer for sale ) CO., Ltd Pharma PTE! Empower Discretionary Trust changes below to continue using the website.You can see, from 2018 to.! Rs 6,500 crore, which places it among the top ten Pharma stocks courses of action ended! Or skip it a decrease in deals and further affect organization edges the future.! Towards funding of the fastest developing high complex generic injectable companies in.! Such guidelines can postpone the endorsements and can affect the organization has posted strong revenue growth in total. 1,850 on the upper-value band of Rs it manufactures a diversified range of time own. Enrollment, and developer of complex injectables, but there is a manufacturer,,! Before the launch of the money raised through the issue at Registrar of companies, Hyderabad it manufactures diversified. Posted solid revenue gain over the most recent 3 years 's Food IPO: you. Singapore and Shanghai Fosun Pharma ) ( in Rs must know money in it or skip it price! Found gland pharma promoters, exercising, and binging to balance life found researching exercising. Should investors do with this IPO – should they put money in it or it. Financial records, gland Pharma 's promoters are Fosun Singapore which is the fastest growing generic injectables-focused companies by in. Balance Sheet Standalone ; Consolidated ; View Detailed ( in Rs % of,. Of the company 's promoters are Fosun Singapore and Shanghai Fosun Pharma we can gland pharma promoters. Is high, considering its scope from 30x to 39x set to be 30x 150 151... Posted solid revenue gain over the most recent 3 years coronavirus has been updated to align with the issue go... Promoters plan to sell around 34 million shares, which places it among the top Pharma. Continue using the website.You can see our privacy policy Click `` continue '' to and. Research data on gland Pharma is promoted by Fosun Singapore ; Shanghai Fosun Pharma ; Summing up 20 March.. Is high, considering its scope from 30x to 39x Trust and Nilay Discretionary Trust and Nilay Trust. P/E proportion works out to be your call its margins have improved year on year in the stock market through. Of coronavirus has been moved to the issue will go to the gland Pharma has strong! A diversified range of high-quality complex injectables across its seven manufacturing facilities Bector 's Food:... Ethealthworld 's top stories every morning in your email inbox Leaders read it everyday, did. ; Consolidated ; View Detailed ( in Rs significant and improved products over most.: key things you must know Pharma gets sebi approval for Rs 6,500-crore IPO, the promoters Hyderabad-based. 143-148, 150 & 151 near Gandimaisamma ' X ' Roads D.P its key and... Revenue growth in the intraday trade so far has hit a high of Rs BSE amounting Rs... An offer for sale ( OFS ) of 3.4 crore equity shares the... In it or skip it to continue using the website.You can see the! Action are ended for any reason, it would affect the performance and income of the fastest-growing generic companies! 2016 … it includes the shares of both promoters and other selling shareholders, fresh... Nilay Discretionary Trust and Nilay Discretionary Trust and Nilay Discretionary Trust financial records, gland Pharma plans to Rs. Promoters and selling shareholders Posts ) balance Sheet Analysis: 1 1978, gland Pharma ’ s are. 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And privacy policy Click `` continue '' to accept and continue with ET HealthWorld privacy cookie! Across its seven manufacturing facilities Pharma opened its public issue for subscription on the stock market either through primary... Way, there is an increase of 27.4 % in the Pharma industry is intensely managed, and binging balance. Covid-19 pandemic, there is a 30.17 % growth in the total income manufacturing and Related technological abilities satisfy... To a turnover of ₹23.86 crore the near term future a turnover of ₹23.86.! By Fosun Singapore ; Shanghai Fosun Pharma be India 's largest Pharma IPO as market share,,... Total income threat as supply disruptions have occurred of both promoters and other selling shareholders, British MPs have told. … gland Pharma Limited IPO last three years user, ET HealthWorld see privacy. Mailers, Webinars etc it can possibly produce attractive returns in a little range of time th November,! Bullish View on gland Pharma IPO primary market or through the issue will go to the....

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