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  • Shares of Mankind...

Shares of Mankind Pharma debut with over 20 percent premium

Ruchika SharmaWritten by Ruchika Sharma Published On 2023-05-09T13:30:40+05:30  |  Updated On 9 May 2023 3:57 PM IST
Mankind Pharma Slapped With Rs 46.32 Lakh Fine in GST Order
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The company commanded a market valuation of Rs 54,816.52 crore.

New Delhi: Shares of Mankind Pharma made a remarkable debut on the stock exchanges on Tuesday, listing with a premium of over 20 per cent against the issue price of Rs 1,080.

The stock began the trade at Rs 1,300, up 20.37 per cent on the BSE. It further zoomed 24.53 per cent to Rs 1,366.

At the NSE, shares of the company made its debut at Rs 1,300.

The company commanded a market valuation of Rs 54,816.52 crore.

The initial share sale of Mankind Pharma received 15.32 times subscription last month.

The company's IPO was entirely an Offer for Sale (OFS) of 4,00,58,844 equity shares by promoters and other existing shareholders.

Price range for the offer was at Rs 1,026-1,080 a share.

Read also: Mankind Pharma invests in Actimed Therapeutics for cancer cachexia treatment

Mankind Pharma was founded in 1991 by R.C. Juneja. Mankind has its headquarters in
Okhla
Phase III, Delhi, India. The company is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products.

Read also: Mankind Pharma sets IPO price band of Rs 1,026 to Rs 1,080 per share



mankind pharmamankind pharma newsIPOinitial public offering
Source : with inputs
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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