InvestorQ : Can you tell me about the proposed IPO of Glenmark Life Sciences?
ishika Banerjee made post

Can you tell me about the proposed IPO of Glenmark Life Sciences?

Answer
image
3 months ago
Follow

Glenmark Pharma will look to unlock value by launching an IPO of its API arm, Glenmark Life Sciences. APIs are hot property globally and the IPO is planned in July 2021 to raise up to Rs.1,700 crores. Active pharma ingredients or APIs have huge potential in India many private equity player like Advent and Carlyle are already playing a significant role in this area.

It has been reported that Kotak Mahindra Capital, BOFA Securities, and Goldman Sachs will be the investment bankers working on the Glenmark Lifesciences IPO. The filing of the DRHP was done in mid-April this year but things were low for some time due to COVID 2.0. The advantage of investing in the IPO of Glenmark Life Sciences is that investors will get an unalloyed exposure to the pure API business.

1 Views