The Rs 412.62 crore IPO, that closes on January 28 comprises fresh issue of shares worth Rs 95 crore and an offer-for-sale (OFS) of up to 82.50 lakh equity shares

Fresh capital has been gathered to create a war chest of liquidity, fund growth, expansion plans and refinance high-cost debt, while a large amount raised from IPOs went to the shareholders and promoters

India Stock Market Highlights Today: All Sensex stocks were trading in green led by ICICI Bank, Infosys, HCL Technologies, Axis Bank, HDFC Bank and Hindustan Unilever

Ahead of IPO, Gland Pharma on Satuday raised Rs 1,944 crore from anchor investors at the price of Rs 1,500 per equity share

India Stock Market Highlights Today: SBI, followed by HCL Tech, Tech Mahindra, Asian Paints, Infosys, Tata Steel, TCS and Reliance Industries were among the top gainers in the Sensex pack. On the other hand, ONGC and Titan were the laggards.

The pharma company will hold a press conference today to give additional details on the IPO, which will make it the biggest IPO from the Indian pharma sector

Gland Pharma IPO: The IPO comprises of fresh issue of shares worth up to Rs 1,250 crore and an offer for sale (OFS) of a little over 3.4 crore shares

India Stock Market Highlights Today: Global equities were mostly negative today as surging coronavirus cases and lack of clarity on the US stimulus package kept sentiments bearish

Stock Market LIVE Updates on July 13: RIL, Infosys, Tech Mahindra, Tata Steel, IndusInd Bank, HUL and Maruti were among the other gainers on Sensex pack today. On the other hand, Bharti Airtel and HDFC were among the top laggards

Apart from the fresh issue, there is an Offer for Sale (OFS) of a little over 3.4 crore shares as part of the initial public offering (IPO)