SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Glenmark Pharm surges as its arm files draft red herring prospectus with SEBI for IPO

19 Apr 2021 Evaluate

Glenmark Pharmaceuticals is currently trading at Rs. 580.95, up by 9.05 points or 1.58% from its previous closing of Rs. 571.90 on the BSE.

The scrip opened at Rs. 572.00 and has touched a high and low of Rs. 587.50 and Rs. 539.00 respectively. So far 495255 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 587.50 on 19-Apr-2021 and a 52 week low of Rs. 304.70 on 21-Apr-2020.

Last one week high and low of the scrip stood at Rs. 587.50 and Rs. 485.00 respectively. The current market cap of the company is Rs. 16077.94 crore.

The promoters holding in the company stood at 46.63%, while Institutions and Non-Institutions held 35.00% and 18.38% respectively.

Glenmark Life Sciences, a wholly owned subsidiary of Glenmark Pharmaceuticals, has on April 16, 2021, filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offer, comprising of a fresh issue of up to Rs 11,600 million and an offer for sale of up to 7,305,245 equity shares of Rs 2 each of Glenmark Life Sciences, by Glenmark Pharmaceuticals (Offer).

In connection with the aforementioned Offer, the board of directors of Glenmark Pharmaceuticals, at its meeting held on April 16, 2021, accorded its approval for the offer for sale of up to 7,305,245 equity shares of Rs 2, in the Offer.

The IPO will be subject to market conditions, receipt of applicable approvals and other considerations.

Glenmark Pharmaceuticals is a global research-led pharmaceutical company with presence across Generics, Specialty and OTC business with operations in over 50 countries.

Glenmark Pharma Share Price

2247.90 -1.65 (-0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×