Gland Pharma Ltd IPO subscribed 0.04 times and Retail part subscribed 0.08 times on day 1

The initial public offer (IPO) of Gland Pharma Ltd subscribed 0.04 times on Monday the first day of the offering data from stock exchanges show.

Gland Pharma Ltd has set a price band of Rs 1490-1500 per share and the IPO closes on 11th November.

The portion of shares reserved for non institutional investors was subscribed 0.01 times, while shares reserved for retail investors was subscribed 0.08 times.