Glenmark Life Sciences IPO allotment status and capital gain tax on selling shares in IPO allotment | Capital gain on IPO

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Incorporated in 2011, Glenmark Life Sciences is the leading manufacturer of Active Pharmaceutical Ingredients (APIs). The company develops, manufactures, and supplies high-quality APIs for cardiovascular disease (CVS), central nervous system disease (CNS), pain management, and diabetes, gastrointestinal disorders, anti-infectives, and other therapeutic areas. It further operates in Contract Development and manufacturing operations (CDMO) to offer services to specialty Pharmaceutical companies.

Its products are being sold in India and also exported to multiple countries i.e. Europe, North America, Latin America, Japan, etc. Currently, it has 4 manufacturing facilities at Ankleshwar and Dahej in Gujarat and Mohol and Kurkumbh in Maharashtra State with an aggregate annual installed capacity of 725.8 KL as of December 31, 2020.

Company Financials:

Objects of the Issue:

• To make payment of outstanding purchase consideration to the promoter for the spin-off of the API business from the promoter into the company.
• To finance capital expenditure requirements.
• To meet general corporate purposes.

Glenmark Life Sciences IPO Subscription Status (Bidding Detail)

The Glenmark Life Sciences IPO is subscribed 44.17x times on Jul 29, 2021. The public issue subscribed 14.63x in the retail category, 36.97x in the QIB category, and 122.54x in the NII category.

Here are the steps that investors can take to view the Glenmark IPO allotment status:

For BSE

Step 1: Visit the official website https://www.bseindia.com/investors/appli_check.aspx

Step 2: On the homepage, select the issue type and issue name.

Step 3: Enter your application number and PAN. Now clear the security check and click on search.

Step 4: Your IPO allotment status will be displayed.

For KFin Tech

Step 1: Visit the website kosmic.kfintech.com.

Step 2: On the homepage, select IPO and application type.

Step 3: Now type in your application number and security key. Click on submit.

Step 4: Your share allotment status will be displayed on screen.

Capital gain tax on sale of shares received in IPO allotment:

Now, let’s talk about the taxability of gain earned if the shares are sold on the listing date itself to get listing gain by way of premium on listing and if the same is sold after some time.

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