The Glenmark Life Sciences IPO is open for subscription between July 27 and July 29, 2021. The price has been kept between Rs 695-720 per share with a minimum lot size of 20 shares.
The Glenmark Life Sciences allotment status will be finalised around 3 August (tentative).
Here’s how you can check the allotment status:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the Glenmark Life Sciences IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized or ‘Requested’ if the UPI mandate is pending.
The registrar for this IPO is KFin Technologies Private Limited.
Step 1: Investors are required to follow this link to check their IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx.
Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name – ‘Glenmark Life Sciences’
Step 3: You will have to enter your application number and PAN card number next.
Step 4: After completing all the above-mentioned steps click on the “Search” button.
How do I know if I have received the Glenmark Life Sciences IPO Allotment or not?
The steps have been explained above.
What happens to the IPO amount in my bank account?
After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use.
How are the Glenmark Life Sciences shares being allotted?
If the Glenmark Life Sciences IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of oversubscription.
Will my money come back if I don’t get the Glenmark Life Sciences IPO allotment?
If you don’t get the allotment in the Glenmark Life Sciences IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
When will the Glenmark Life Sciences IPO get listed?
Glenmark Life Sciences IPO shares will get listed on BSE and NSE on August 6, 2021 . (tentative)