Business Standard

Glenmark Life's Rs 1,500 cr IPO subscribed 45x on strong HNI interest

Rolex Rings subscribed 9.3 times a day before close

START-UPS, investors, markets, IPO, companies, funds
Premium

Illustration: Binay Sinha

Sundar Sethuraman Mumbai
The initial public offer (IPO) of Glenmark Life Sciences was subscribed 45.08 times on Thursday, the concluding day of the issue.

The institutional investor portion was subscribed 37.3 times, the wealthy investor portion was subscribed 125.6 times, and the retail portion was subscribed 15 times.

Meanwhile, the IPO of Rolex Rings was subscribed 9.3 times a day before its close. The institutional portion was subscribed 23 per cent, the wealthy investor portion by 5.8 times and the retail investor portion by 16 times.

Glenmark Life Sciences, a developer and manufacturer of active pharmaceutical ingredients (APIs), had priced its IPO between

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in