Published on 11/11/2020 11:33:52 AM | Source: Angel Broking Ltd

Quote on Gland Pharma IPO By Yash Gupta, Angel Broking

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Below are Quote on Gland Pharma IPO By Mr. Yash Gupta- Equity Research Associate, Angel Broking Ltd

“Gland Pharma IPO the biggest pharma IPO in India has only received 4% of subscription on day 1 of the IPO i.e 9th November 2020, Company IPO will be open for subscription from 9th November to 11th November 2020. IPO is receiving low interest from retail investors, company received 1943 crores from Anchor investor on Saturday. Company fixed a price band of 1490-1500 which is slightly higher as compared to midcap pharma companies. We have assigned a “NEUTRAL” recommendation to the issue.”


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