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Glenmark Life Sciences IPO Allotment - How to Check the Allotment Status?

by Nikita Bhoota 03/08/2021

Investors who have applied for Glenmark Life Sciences IPO are very keen to know if the IPO is being allotted to them. Allotment of shares happens based on rules prescribed by the regulatory body i.e. SEBI. Allocation is categorised as retail investors, non-institutional investors and qualified institutional investors. However, the allotment rules for all the three mentioned categories are different.

Several Investors wait for the email or messages from the depository. However, the investors sometimes might not get updated about IPO allotment information through emails or SMS due to technical reasons. Therefore, here we have discussed some of the other ways to check IPO allotment status.

Let’s understand what exactly is the allotment status

Allotment status denotes the number of shares allocated and the number of shares applied in an IPO. It is categorised as follows:

Allotted: It means full shares allotted against applied.

Partly/ partially allotted: This means less number of shares allotted against applied.

Non- Allotment: No shares allotted against applied number of shares. Some of the reasons for non-allotment are as follows

•    The issue price is more i.e. higher than the bid price
•    The application was not selected in the lottery process
•    Error in some of the details like pan card number, Demat Account number
•    More than one application has been submitted via the same pan card number

Some of the other ways to check Glenmark Life Sciences IPO Allotment status

Option 1 - Go to Registrar’s Website:
An investor can check the IPO allotment status on the registrars’ website. Below are the steps mentioned to check allotment status in detail – 

1.    Select the IPO name as – Glenmark Life Sciences IPO
2.    Choose to add PAN Card no./Application number, DP Id or account no./IFSC to check the allotment status
3.    Click on the search button

Following is the link of registrar to check the Glenmark Life Sciences IPO Allotment Status - 

https://ris.kfintech.com/ipostatus/ipos.aspx


Option 2 – BSE and NSE Website
On the BSE website investors have to click on the equity or debt category in the equity type field, select the issue name from the dropdown, enter the application number as well as pan card details to check the allotment status. The link to check allotment status is as below
https://www.bseindia.com/investors/appli_check.aspx

Whereas, in the case of NSE, investors have to register one time by providing the PAN details. The investor shall be able to view the details of the bids entered against the registered PAN number.

On registration, the investor will receive an email notification from NSE on their registered email ID mentioning the login details.

 

Frequently Asked Questions - 

Q. How do I check whether Glenmark Life Sciences IPO is allotted to me or not?

A. You can check the IPO Allotment status using two ways - mentioned above. However you will also receive an email and SMS notification if you have got the shares allotted to your account or not.

 

Q. What if Glenmark IPO is not allotted to me?

A. If Glenmark Life Sciences IPO is not allotted to you, then -

     1) In case of no-allotment or partial allotment, the money will be refunded to investors of the application money. Once applied for the IPO, then the bank blocks the amount in the account equal to bid size and the amount gets debited from the bank account after final allotment. 

     2) Based on application status, the bank will initiate a full or partial refund which generally takes one or two days to receive the refund in your account. 

 

Q. When is the Glenmark IPO Allotment expected?

A. Glenmark Life Sciences IPO allotment is expected on 3rd August 2021.

 

Q. When is Glenmark IPO getting listed?

A. Glenmark IPO is getting listed on 6th August 2021.

 

Q. How many times Glenmark Life Sciences IPO was subscribed?

A. Glenmark IPO was oversubscribed (44.17%).

     Retailer - 14.63 times

     QIB - 36.97 times

     NII - 122.54 times

 

Q. Where can I check the IPO Allotment status of Glenmark IPO?

A. You can login to KFintech Website OR on BSE India Website to check Glenmark Life Sciences IPO. Above are the steps mentioned for both the websites.

 

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Rolex Rings IPO Allotment - How to Check the Allotment Status?

by Nikita Bhoota 03/08/2021

Rolex Rings IPO is subscribed 130.44 times and allotment of shares is happening on 4th August. Investors who have applied for Rolex Rings IPO are very keen to know if the IPO is being allotted to them. Allotment of shares happens based on rules prescribed by the regulatory body i.e. SEBI. Allocation is categorised as retail investors, non-institutional investors and qualified institutional investors. However, the allotment rules for all the three mentioned categories are different.

Several Investors wait for the email or messages from the depository. However, the investors sometimes might not get updated about IPO allotment information through emails or SMS due to technical reasons. Therefore, here we have discussed some of the other ways to check IPO allotment status.

 

Also Read: Rolex Rings IPO Final Subscription Status

 

Let’s understand what exactly is the allotment status

Allotment status denotes the number of shares allocated and the number of shares applied in an IPO. It is categorised as follows:

Allotted: It means full shares allotted against applied.

Partly/ partially allotted: This means less number of shares allotted against applied.

Non- Allotment: No shares allotted against applied number of shares. Some of the reasons for non-allotment are as follows

•    The issue price is more i.e. higher than the bid price
•    The application was not selected in the lottery process
•    Error in some of the details like pan card number, Demat Account number
•    More than one application has been submitted via the same pan card number

Some of the other ways to check Rolex Rings IPO Allotment status

Option 1 - Go to Registrar’s Website:
An investor can check the IPO allotment status on the registrars’ website. Below are the steps mentioned to check allotment status in detail – 

1.    Go to Link Intime India Website at - https://www.linkintime.co.in/ & select "Public Issues"

2.    Select the IPO name as – Rolex Rings IPO

3.    Choose to add PAN Card no./Application number, DP Id or account no./IFSC to check the allotment status

4.    Click on the search button

Following is the link of registrar to check the Rolex Rings IPO Allotment Status - 

https://www.linkintime.co.in/ 


Option 2 – BSE and NSE Website
On the BSE website investors have to click on the equity or debt category in the equity type field, select the issue name from the dropdown, enter the application number as well as pan card details to check the allotment status. The link to check allotment status is as below
https://www.bseindia.com/investors/appli_check.aspx

Whereas, in the case of NSE, investors have to register one time by providing the PAN details. The investor shall be able to view the details of the bids entered against the registered PAN number.

On registration, the investor will receive an email notification from NSE on their registered email ID mentioning the login details.

 

Frequently Asked Questions - 

Q. How do I check whether Rolex Rings IPO is allotted to me or not?

A. You can check the IPO Allotment status using two ways - mentioned above. However you will also receive an email and SMS notification if you have got the shares allotted to your account or not.

 

Q. What if Rolex Rings IPO is not allotted to me?

A. If Rolex Rings IPO is not allotted to you, then -

     1) In case of no-allotment or partial allotment, the money will be refunded to investors of the application money. Once applied for the IPO, then the bank blocks the amount in the account equal to bid size and the amount gets debited from the bank account after final allotment. 

     2) Based on application status, the bank will initiate a full or partial refund which generally takes one or two days to receive the refund in your account. 

 

Q. When is the Rolex Rings IPO Allotment expected?

A. Rolex Rings IPO allotment is expected on 4th August 2021.

 

Q. When is Rolex Rings IPO getting listed?

A. Rolex Rings IPO is getting listed on 9th August 2021.

 

Q. How many times Rolex Rings IPO was subscribed?

A. Rolex Rings IPO was oversubscribed (44.17%).

     Retailer - 24.49 times

     QIB - 143.58 times

     NII - 360.11 times

 

Q. Where can I check the IPO Allotment status of Rolex Rings IPO?

A. You can login to Link Intime Website OR on BSE India Website to check Rolex Rings IPO. Above are the steps mentioned for both the websites.

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HDFC Q1 Net Profit Falls a Tad, NII Jumps

03/08/2021

Housing Development Finance Corp (HDFC) reported a slight decline in its standalone net profit for the first quarter through June 2021, as a sharp fall in expenses offset a fall in revenue.

Net profit for the April-June period fell 1.7% to Rs 3,000.67 crore from Rs 3,051.52 crore a year earlier, India’s biggest mortgage lender said.

Interest income slipped 2.5% to Rs 10,523.36 crore while total costs dropped 17.5% to Rs 7,758.57 crore.

On the plus side, HDFC’s net interest income—the difference between interest earned and paid—for the quarter climbed 22% to Rs 4,147 crore from Rs 3,392 crore a year earlier.

 

Other key details:


1. Profit before tax for Q1 rose to Rs 3,905 crore from Rs 3,607 crore a year earlier.

2. Gross non-performing loans as of June 30, 2021 stood at Rs 11,120 crore, or 2.24% of the loan portfolio.

3. The Net Interest Margin was 3.7%.The spread on loans over the cost of borrowings for Q1 was 2.29%. 

4. HDFC’s capital adequacy ratio stood at 22.0%, above the minimum requirement of 15%.

5. Consolidated profit after tax for Q1 climbed 31% to Rs 5,311 crore from 4,059 crore a year earlier.

 

Commentary: 


HDFC said it recorded growth in home loans both in the affordable housing segment and high-end properties. Customers preferred ready-to-move-in properties instead of under-construction houses.

The lender also said that business was affected during the quarter ended June 30, 2021 because of the second wave of the Covid-19 pandemic. A significant part of the quarter entailed localised lockdowns and restrictions. 

However, the second wave was less disruptive compared to the corresponding quarter of the previous year when there was a national lockdown. 

In addition, there is now a significant increase in the usage of digital platforms to conduct business, HDFC said.

 

Also Read: Solid HDFC Bank creates bad loan scare for investors

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Dabur Q1 Net Profit Jumps 28% on Volume Growth, Higher Margin

03/08/2021

Fast-moving consumer goods maker Dabur India Ltd reported a 28% jump in its consolidated net profit for the first quarter through June 2021 thanks to strong growth in business volumes and higher earnings margins.

Net profit for the April-June period rose toRs 438.3 crore from Rs 341.3 crore in the year-ago period, the maker of Dabur Chyawanprash, Real fruit juices and Vatika hair oil said.

The company’s revenue climbed 32% to Rs 2,611.5 crore from Rs 1,980 crore a year earlier, despite the mobility restrictions and disruptions due to localized lockdowns in the wake of the Covid-19 pandemic.

Dabur’s India FMCG business grew 35.4% during the quarter, with an underlying volume growth of34.4%.

 

Other key details:


1. Dabur’s EBITDA rose 32.5% to Rs 552 crore from Rs 416.5 crore. EBITDA margin widened to 21.1% from 21%.

2. April-June revenue from the food business soared 85% to Rs 402.5 crore.

3. Quarterly sales from the main consumer care business jumped 25% to Rs 2,168 crore.

4. Healthcare business reported 30% growth, with the ayurvedic OTC business growing 52%.

5. Overseas sales soared 34% in constant currency terms, with the MENA business growing 49% and SAARC business rising 41%.

 

Management Commentary: 


Dabur CEO Mohit Malhotra said the company learnt from last year to streamline its supply chain and ensured minimal disruption while firmly focusing on delivering volume-led growth.

Malhotra said the company has expanded its rural coverage by 16%, from 60,000 villages at the end of 2020-21 to 69,000 villages as of June 30, 2021, and that it plans to expand it to 80,000 villages over the next two years.

The company also said that its e-commerce vertical reported more than 100% growth and now contributes 8.2% to its India FMCG business.

It also said that discretionary spending in the country is reviving despite the pandemic. This helped its home and personal care business grow by 26% during the quarter while the skin care and salon business reported 66% growth.

 

 

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Quarterly Results - RBL Bank and PNB Bank

Quarterly Results - RBL Bank and PNB Bank
03/08/2021

Punjab National Bank reported a -7.73% fall in total revenues for the Jun-21 quarter at Rs.22,815 crore. Net profits were up 117% yoy at Rs.1,168 crore. Interest and investment income were lower in the quarter. Overall, while the revenues from corporate banking were higher, revenues from the treasury were lower while retail banking was sharply lower. 

Rs in Crore

Jun-21

Jun-20

YOY

Mar-21

QOQ

Total Income

₹ 22,815

₹ 24,728

-7.73%

₹ 22,780

0.16%

Net Profit

₹ 1,168

₹ 538

117.28%

₹ 701

66.72%

Diluted EPS

₹ 1.09

₹ 0.57

 

₹ 0.67

 

Net Margins

5.12%

2.17%

 

3.08%

 

Gross NPA Ratio

14.33%

14.11%

 

14.12%

 

Capital Adequacy

15.19%

12.63%

 

14.32%

 

Data Source: BSE Filings


Gross NPAs at 14.33%, was flat but it is still an uncomfortable number in absolute terms. Capital adequacy is comfortable at above 15% but expanding the loan book will require additional capital buffers. PAT margins at 5.12%  in the Jun-21 quarter were higher than 2.17% in the Jun-20 quarter and 3.08% in the sequential quarter.

RBL Bank Ltd reported a 4.68% rise in total revenues in the Jun-21 quarter at Rs.2,805 crore. The company reported a net loss of Rs-462 crore in the quarter due to a 3-fold surge in provisioning for loan losses and contingencies. In the Jun-20 quarter, the company had reported a net profit of Rs.154 crore. The fall in interest income due to lower loan yields were offset by a sharp spike in other income. While revenues from retail banking were sharply higher, the PBT from retail banking was in the negative due to provisioning for asset stress.
 

Rs in Crore

Jun-21

Jun-20

YOY

Mar-21

QOQ

Total Income

₹ 2,804.57

₹ 2,679.29

4.68%

₹ 2,747.88

2.06%

Net Profit

₹ -462.25

₹ 154.42

N.A.

₹ 75.74

-710.31%

Diluted EPS

₹ -7.68

₹ 3.03

 

₹ 1.25

 

Net Margins

-16.48%

5.76%

 

2.76%

 

Gross NPA Ratio

4.99%

3.45%

 

4.34%

 

Capital Adequacy

17.15%

16.14%

 

17.50%

 

The provisions for loan losses and contingencies spiked to Rs.1,426 crore due to asset quality stress resulting in the bank dipping into losses. Operating margins were 28.69% in the Jun-21 quarter. Gross NPAs at 4.99%, were higher by 65 bps on a YoY basis. Capital adequacy is comfortable at above 17%. However, the retail stress appears to have increased sharply and it remains to be seen how much of this stress translates into actual loan losses.

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Adani Wilmar and Sterlite Power file for mega IPOs

Adani Wilmar and Sterlite Power file for mega IPOs
03/08/2021

Adani Wilmar, may be all set to become the seventh Adani group company to list on the bourses. Adani Wilmar has filed the draft red herring prospectus (DRHP) with SEBI for a proposed Rs.4,500 crore IPO. The finer details of the IPO are yet to be finalized. There is no offer for sale (OFS) proposed and the entire Rs.4,500 crore will be by way of a fresh issue. 

Adani Wilmar has a 22 year pedigree and was formed as a joint venture between the Adani group and Wilmar of Singapore in 1999. Its Fortune Refined Oil is already a very popular brand in the FMCG market. In addition, Adani Wilmar has also forayed into a host of other food ingredients like Basmati rice, suji, atta, besan etc.

Adani Wilmar has set itself a goal of becoming the largest food products company in India by 2027 and towards this end, it will use part of the proceeds for expansion of facilities. In fact, out of the total amount proposed, Adani Wilmar plans to allocate Rs.1,900 crore to expanding existing capacities and investing in new facilities. Another Rs.1,200 crore will be used towards pre-payment of debt to reduce the leverage of the company.

The FMCG business in India enjoys nearly 20% ROE and median P/E in excess of 60X. 

Sterlite Power, part of the Anil Agarwal group, is planning to tap the IPO market with a Rs.3,000 crore issue. The company is yet to file the DRHP with SEBI and has just about hired merchant bankers for the proposed share sale. The DRHP is expected to be filed in Sep-21.

Sterlite Power was a unit of Sterlite Technologies till 2016. Currently, Sterlite Power has infrastructure projects of about 13,700 circuit KM and 26,100 megawatt ampere. These projects are predominantly spread across India and Brazil. Sterlite Power was also the sponsor of Indi Grid INVIT and still retains a 26% stake.

The Sterlite Power issue is also expected to substantially be a fresh issue, with limited or no OFS component.

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