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Glenmark Life Science | Glenmark Life Science Wiki.


Glenmark Life Science


Type-  Public.


Industry- Pharmaceutical.


Category- Manufacturing.

Founded- 2001, 18+ years.

Headquarters- Mumbai, Maharashtra.


Area served- Worldwide.

Key people- Mr Glenn Saldanha, Yasir Rawjee, V. S. Mani.

Products- APIs (Active Pharmaceutical Ingredients).

Revenue- 18,859.76 Cr

Number of employees- 1400 plus.

Website- https://www.glenmarklifesciences.com/

Glenmark Life Science is India’s leading pharmaceutical company, it was founded in 2001, and its headquarters is situated in Mumbai, India. The company spun off into Glenmark Pharmaceutical to establish its APIs (Active Pharmaceutical Ingredients) business. Glenmark Life Science making high-quality drugs, and  APIs, established strong relationships with global generic Pharmaceutical companies.

Table of Contents

  • History
  • Products and services
  • Manufacturing and R&D Facilities
  • IPO Details

History

Glenmark life science company

Glenmark Life Science was started independently from  Glenmark Pharmaceutical in 2001, it’s mainly focused on the APIs manufacturing business. Also, the company develops, manufacture, and supplies high-quality drugs, APIs to the global market.

Timeline

2001- The company separated from Glenmark Pharmaceutical.

2002- Glenmark Life Science established its first manufacturing plant at Kurkumbh MIDC, Pune, Maharashtra.

2003- The company’s first product registered with US FDA (Food & Drug Administration) and Also acquired Glaxo SmithKline (GSK) API manufacturing plant in Ankleshwar, Gujrat.

2004- Glenmark Life Science commenced manufacturing facility at Mohol, Maharashtra.

2012- Its Ankleshwar manufacturing facility was inspected by the Japanese regulatory agencies PMDA (Pharmaceutical & Medical Device Agency) and AFSSAPS.

2013- Glenmark Life Science also commenced the third manufacturing plant at Dahej, Gujrat and In the same year, the Ankleshwar plant was inspected by COFEPRIS.

2015- Dahej plant inspected by US FDA.

2016- Dahej plant also inspected by PMDA japan

2018- The company Dahej manufacturing plant was inspected by EDQM, ANSM, US FDA, and the Mohol plant was inspected by the US FDA.

2019- The APIs business was separated from Glenmark Pharmaceutical. The Ankleshwar manufacturing plant was inspected by US FDA, Health Canada, and PMDA, Japan agency.

2021- Glenmark Life Science has achieved 403 cumulative drug master files across multiple markets globally.

Products and services

Glenmark life science services

Glenmark Life Science products portfolio consists of 120 APIs across the various therapeutics segments such as Diabetes, central nervous system (CNS), Cardiovascular disease (CVS), Gastrointestinal Health, Oncology, Pain Management, and Anti-infective. The company Partner with the world’s 16 of the top 20 generic pharmaceutical companies and serve customers in different geographies including Europe, Japan, North America, Latin America, India, and ROW. Glenmark Life Science has 18 plus years of experience in APIs development and manufacturing. its plant can handle production scale from grams to multi tons products manufacturing.

Manufacturing and R&D Facilities

Glenmark life science products

Glenmark Life Science has reliable, high-quality, and advanced manufacturing facilities at four locations like Kurkumbh, Dahej, Mohol, and Ankleshwar in India. It’s all manufacturing facility’s annual production capacity of over 550 MT. The company Ankleshwar and Dahej plant was inspected by the US FDA, PMDA, KFDA regulator agencies.

Glenmark Life also owned three in-house research and development centers. These centers have chemistry capabilities including Polymorphism screening and Optimization, Cryogenic reaction, High-pressure reaction, High-temperature reactions, Enzymatic transformation, and particles size distribution studies.

IPO Details

The company plans to raise Rs 1513 Cr from the public offering. It comprises fresh issue shares worth Rs 1060 Cr and an offer for sale of Rs 453 Cr. The IPO open data is 27 July 2021 and the close date is July 29, 2021. The shares issue or listing date is August 6, 2021, and the allotted shares will be credited to your Demat account by Aug 5, 2021. The Grey Market Premium (GMP) for Glenmark Life Sciences shares at Rs 140 on July 28.

This stands against its price band of Rs 695 to Rs 720 per share. The shares traded at the unlisted market at Rs 835 to Rs 860 per share over the initial price issue. The share is listed on the BSE and NSE platform for a 4 % premium over the issue price of Rs 720 per share. It was trading at Rs 760 with a 5.6 percent premium on the NSE and 756.05 with a 5.01 percent premium on the BSE. The IPO was oversubscribed 44.17 times on 27 July 2021 but it’s disappointed all investors.

Highlights

  • The company has strong fundamentals and a good track record of strong financial performance.
  • Its a leading manufacturer of APIs in India and owns 4 manufacturing facilities.
  • The company exports products in global markets like Europe, Latin America, North America, Japan, and the rest of the world.
  • Glenmark Life Science maintains strong relationships with global generic Pharmaceutical companies.

Register Office
 

Address- Glenmark House, B. D. Sawant Marg, Andheri (East)

 

City- Mumbai

 

State- Maharashtra

 

Pin Code- 400099

 
         Email- ComplianceOfficer@glenmarklifesciences.com      api.web@glenmarklifesciences.com

 
Tel.No- +91 22 4018 9999

 
Web Site-
https://www.glenmarklifesciences.com/

Management
  

 Glenn Saldanha

Non-Executive Director

   

Yasir Rawjee
 Managing Director
  

 Palle V R Acharyulu

Vice President of (R&D)

   

Manju Agarwal

Independent Director
 

Sumantra Mitra

Vice President Human Resources
   

Industry Info
 
 

Type- Public.

 

Founded- 2001.
 
 

Area Served- Worldwide.
 
 

Parent- Glenmark Pharmaceutical.
 


 

Details
 
 

BSE: NA

  
 

NSE: NA
 
 

Series- NA
 


ISIN: NA
 
 
 

Glenmark life Science FAQ

what is Glenmark Life Science ?

Glenmark Life Science is India's leading pharmaceutical company, it was founded in 2001, and its headquarters is situated in Mumbai, India. The company spun off into Glenmark Pharmaceutical to established its APIs (Active Pharmaceutical Ingredients) business.

Which Types of products are manufacture by Glenmark Life Science?

Glenmark Life Science products portfolio consists of 120 APIs across the various therapeutics segments such as Diabetes, central nervous system (CNS), Cardiovascular disease (CVS), Gastrointestinal Health, Oncology, Pain Management and Anti-infective.

What is GMP of Glenmark Life Science?

The Grey Market Premium (GMP) for Glenmark Life Sciences shares at Rs 140 on July 28. This stands against its price band of Rs 695 to Rs 720 per share. The shares traded at the unlisted market at Rs 835 to Rs 860 per share over the initial price issue.

When Glenmark Life Sciences IPO allotment?

The IPO open data is 27 July 2021 and the close date is July 29, 2021. The shares issue or listing date is August 6, 2021, and the allotted shares will be credited to your Demat account by Aug 5, 2021.
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