Manforce condom maker (Mankind) shares list at 20% premium over IPO price

The initial public offering (IPO) price has been set at Rs 1,080.

At the close, the IPO received a total subscription of 15.32 times the offered shares.

Mankind Pharma (MANKIND) shares had an impressive market debut on Tuesday, May 9.

The shares of Mankind Pharma opened at a premium of 20.37% above the issue price, at Rs 1,300 per share.

With a value of Rs 4,326 crore, this IPO is one of the largest by a domestic pharmaceutical company since Gland Pharma's Rs 6,480 crore IPO in 2020 and the largest of 2023 thus far.

Risk Disclaimer: The information contained within this site is for educational and informational purposes only.

WATCH MORE STORIES

[{"selector":"#anim-a7859201-ae87-4203-acff-d249a947f4be","keyframes":[{"offset":0,"transform":"translate3d(0, -629.81068%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -177.10276321600003%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -60.20990100800001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -22.610203412000004%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -9.825046608000001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Learn more