Subscribe to Glenmark Life Sciences: Geojit
Geojit has come out with its report on Glenmark Life Sciences. The research firm has recommended to ''Subscribe'' the ipo in its research report as on July 24, 2021.
July 27, 2021 / 03:18 PM IST
Geojit IPO report on Glenmark Life Sciences
Glenmark Life Sciences Limited (GLSL), a wholly-owned subsidiary of Glenmark Pharmaceuticals Limited, is a leading developer and manufacturer of select high value, non-commoditized active pharmaceutical ingredients (APIs) in chronic therapeutic areas, including cardiovascular disease (CVS), central nervous system disease (CNS), pain management and diabetes. As of March 31st, 2021, they had a portfolio of 120 molecules and are adding on average 8-10 new molecules annually. They are also providing contract development and manufacturing operations (CDMO) services to pharmaceutical companies.
Valuation and Outlook
We assign a “Subscribe” rating for the issue on a long-term basis considering its strong focus on R&D, expansion plans(1726.6KL when completed), growth opportunity in CDMO services and expanding complex API portfolio.
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