Glenmark Life Sciences makes a quiet debut, lists 4% above issue price

Post listing, the stock moved higher to Rs 799.50, 11 per cent higher against issue price

Glenmark Life Sciences made a quiet debut on the bourses with the shares of the company getting listed at Rs 751.10, a 4 per cent premium against issue price of Rs 720 per share on the BSE. On the National Stock Exchange (NSE), the stock of pharmaceuticals company opened at Rs 750 per share.

Post listing, the stock moved higher to Rs 799.50, 11 per cent higher against the issue price on the BSE. The stock hit an intra-day low of Rs 737.35 on the BSE and Rs 738 on the NSE. At 11:29 am, it was trading at