• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Monday, January 30, 2023
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

IPO street warms up; SEBI approves Glenmark Life Sciences, Utkarsh Small Finance Bank public issues

by The Outlooker Web Desk
June 8, 2021
in Business
0
IPO street warms up; SEBI approves Glenmark Life Sciences, Utkarsh Small Finance Bank public issues
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Collectively, Glenmark Life Sciences and Utkarsh Small Finance Bank are looking to raise more than Rs 2,500 crore through their IPOs.

Capital market regulator SEBI has approved the initial public offerings (IPO) of Glenmark Life Sciences and Utkarsh Small Finance Bank, warming up the IPO street that has seen little action so far this financial year. Collectively, Glenmark Life Sciences and Utkarsh Small Finance Bank are looking to raise more than Rs 2,500 crore through their public issues. Since April, IPO investors have seen only two public offerings, Power Grid InvIT and Macrotech Developers. In the previous financial year, investors were greeted with 30 initial public offerings. 

Utkarsh Small Finance Bank

Issue size: Rs 1,350 crore

The initial public offering of Utkarsh Small Finance Bank will be a mix of fresh issuance of equity shares and an offer for sale by promoters. The fresh issue size, according to the DRHP is Rs 750 crore while the promoters will sell shares worth Rs 600 crore. Utkarsh Small Finance Bank had said that it will utilise the proceeds from the fresh issue to increase its tier 1 capital base to meet future capital requirements. It is among the most profitable SFBs in India and among the leading SFBs in terms of return on assets and had the highest return on equity among SFBs in India in Fiscal 2020, according to Axis Capital. Headquartered in Varanasi, Uttar Pradesh, the SFB  has operations in 18 States and Union Territories with 528 Banking Outlets and 8,729 employees. Over the last three financial years, Utkarsh Small Finance Bank has seen its net profits grow. In fiscal year 2018, the company reported a loss of Rs 77 crore, while in FY2019-2020 the bank had a profit of Rs 186.74 crore. 

Glenmark Life Sciences

Issue size: Rs 1,160+

Glenmark Life Sciences plans to issue fresh equity shares worth Rs 1,160 crore and an offer for sale (OFS) of 73.05 lakh shares of Rs 2 each. According to the shareholding pattern of Glenmark Pharmaceuticals Ltd, the promoter and promoter group collectively hold 13.15 crore shares. Glenmark Life Sciences is a leading developer and manufacturer of select high value, non-commoditized active pharmaceutical ingredients (API) in chronic therapeutic areas, including cardiovascular disease, central nervous system disease, pain management and diabetes. The API business has seen an uptick since the pandemic began as firms across the globe sought to diversify their supply chains and procure APIs from other regions apart from China. Glenmark Life Sciences reported a loss of Rs 43 lakh in the financial year 2017-18. In the previous financial year the company net profit was Rs 313 crore. 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Government only concerned about the headline and not the deadline: Congress leader Jairam Ramesh

Government only concerned about the headline and not the deadline: Congress leader Jairam Ramesh

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Budding Maharashtra Wrestler Dies Of Heart Attack Hours After Bout
National

100 Students From Kerala School Hospitalised, Food Poisoning Suspected

January 30, 2023
Gujarat Court Convicts Asaram Of Raping Woman Who Stayed At His Ashram
National

Gujarat Court Convicts Asaram Of Raping Woman Who Stayed At His Ashram

January 30, 2023
Interview with Dr Terance Shipman
Entertainment

Interview with Dr Terance Shipman

January 30, 2023
Naba Kisore Das Second Odisha Lawmaker To Be Assassinated
National

Naba Kisore Das Second Odisha Lawmaker To Be Assassinated

January 30, 2023

Connect with us

No Result
View All Result

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • 100 Students From Kerala School Hospitalised, Food Poisoning Suspected
  • Gujarat Court Convicts Asaram Of Raping Woman Who Stayed At His Ashram
  • Interview with Dr Terance Shipman

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.