InvestorQ : Can you tell me about the Macleod Pharma and when is it expected?
ishika Banerjee made post

Can you tell me about the Macleod Pharma and when is it expected?

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5 months ago
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A full 8 months after the listing of Gland Pharma, another large pharma company is already in the queue. Mumbai based Macleod Pharma is looking at a domestic listing via what could be the biggest pharma IPO since the Rs.6,000 crore IPO of Gland Pharma last year. Macleod is among the largest pharma players in the API space and will look to leverage the API demand at this point of time.

IT is reported that Macleod Pharma has already initiated discussions with investment bankers to evaluate an IPO in FY22. It is estimated that Macleod Pharma could look to raise around Rs.3,000 crore via the IPO route. Macleod is cash rich and is among the largest unlisted pharma companies in India. Recently listed IPOs like Laurus Labs, Gland Pharma and Eris have given solid returns in the market post listing.

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