---Advertisement---

Business

Mankind Pharma IPO opens today; know price, offer size, risk factor, other key details

Mankind Pharma IPO: Mankind Pharma issued its initial public offering (IPO) on Tuesday. It is the biggest IPO in terms of issue size. After Avalon Technologies this is the second IPO offering this year.---Advertisement--- Know key details before subscribing Mankind Pharma IPO---Advertisement---  Price Band The price band for the issue has been fixed at Rs […]

Mankind Pharma IPO: Mankind Pharma issued its initial public offering (IPO) on Tuesday. It is the biggest IPO in terms of issue size. After Avalon Technologies this is the second IPO offering this year.

---Advertisement---

Know key details before subscribing Mankind Pharma IPO

---Advertisement---

 Price Band

The price band for the issue has been fixed at Rs 1,026-1,080 per share.

 IPO Subscribing Dates, allotments

The offer will open from April 25 to April 27, 2023. The company will open its anchor book, a part of QIB portion, on April 24, a day before opening IPO. Mankind will finalise the IPO share allotment by May 3. The refunds will be credited to the bank accounts of unsuccessful investors by May 4, while the shares will be transferred to demat accounts of eligible investors by May 8.

---Advertisement---

Offer Size

It has over 36 brands, including Manforce (Rx), Moxikind-CV, Amlokind-AT, Unwanted-Kit, Candiforce, Gudcef, Glimestar-M, Prega News, Dydroboon, Codistar, Nurokind-Gold, Nurokind Plus-RF, Nurokind-LC, Asthakind-DX, Cefakind, Monticope, Telmikind-H, Telmikind, Gudcef-CV, and Unwanted-72, among them.

The total fundraising would be Rs 4,110.03 at the lower price band, and Rs 4,326.35 crore at the higher band.

The maiden public comprises only an offer for the sale of over 4 crore equity shares by promoters and investors, while there is no fresh issue portion.

Read More :-HOW TO LINK MOBILE NUMBER TO AADHAAR CARD

 Motto of IPO offering:

The main aim of the offer is to achieve the benefits of listing the equity shares on the stock exchanges.

The money raised via IPO will go to selling shareholders, and the company will not receive funds from the offer.

Limited shares

Investors can bid for a minimum of 13 equity shares and in multiples of 13 shares thereafter.

The company reserved 50 per cent of the offer size for qualified institutional buyers, 15 percent for high networth individuals, and the remaining 35 percent for retail investors.

Company details

Mankind Pharma is the India’s fourth-largest pharmaceutical company in terms of domestic sales and third-largest in terms of sales volume for MAT December 2022, as per IQVIA dataset.

The company’s main focus is on the domestic market, which contributed 97.60 percent to the revenue from operations in FY22. The ranking of domestic sales in the Indian Pharma Market (IPM) has been improved from 8th in FY12 to 4th in FY22.

Read More :-SENSEX, NIFTY DECLINE IN EARLY TRADE; RELIANCE INDUSTRIES, TCS, MARUTI SEE BOOM; KNOW DETAILS

Financial Risks factors

The pharmaceutical company, which comes with a market capitalisation of Rs 43,264 crore, has reported a consolidated profit of Rs 996.4 crore for the nine-month period ended December FY23, falling 20 percent compared to year-ago period impacted by lower other income, higher employee cost and weak operating performance.

Read More :- Latest Business News

ABOUT THE AUTHOR

Divya Richa

Divya Richa

Read More
Website
First published on: Apr 25, 2023 12:17 PM IST


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: People Participate In ‘Pedal Through Paradise’ Cyclothon In Srinagar

Jul 20, 2025
Latest LIVE News Trending Today, Real Time Updates
  • 18:04 (IST) 20 Jul 2025

    Muzaffarnagar, UP: Kanwar Yatris participate in the Kanwar Yatra, carrying the water of the Ganga River to their destination.

N24 Shorts Logo

SHORTS

Old Trafford pitch
Cricket

ENG Vs IND: Old Trafford Pitch Report – Here’s Why Toss Is Very Important In 4th Test!

With England already leading 2-1, pressure is now strongly on India to keep the series alive and the pitch will play very crucial role in the 4th Test.

View All Shorts

---Advertisement---

Trending

   
Hot Links: teen patti sequence teen patti classic teen patti master purana mpl teen patti teen patti all