Brilliant investment came in Glenmark Life's IPO, know what is the condition of Rollex Rings.
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| Glenmark Life's IPO |
Glenmark is growing day by day. The company has got 36.97x more applications in Qualified Institutional Buyers (QIB) category, 122.54x more in Non-Institutional Investors category and 14.63x more applications in Retail Individual Investors (RII) category As per the data available with NSE, a total of 1,50,18,279 applications were received for 66,33,24,160 shares submitted under the IPO worth Rs 1,513.6 crore.On the other hand, 9.26 times more applications were received for the IPO of Rolex Rings, an auto parts maker. it was the second day of application.A total of 44.17 times more applications were received for the IPO of Glenmark Life Sciences till the last minute on Thursday. Glenmark Life Sciences is a subsidiary of pharmaceutical company Glenmark Pharmaceuticals. Fresh shares in the PO up to Rs 1,060 crore and up to 63 lakh equity shares of the promoters are being sold through offer of sale (OFS). The application price range in this offering was between Rs 695-720. The company had raised Rs 454 crore from anchor investors on Monday.
