Mankind Pharma Shares List at 20.4% Premium Today. Should Investors Buy, Sell or Hold?

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Mankind Pharma Shares List at 20.4% Premium Today. Should Investors Buy, Sell or Hold?


Last Updated: May 09, 2023, 10:07 IST

Mankind Shares listing on BSE, NSE on May 9

Mankind Pharma is the most important IPO of the present monetary 12 months. The firm has raised Rs 4326.35 crore by means of this IPO

Mankind Pharma to List on NSE, BSE Today: Mankind Pharma shares begin their secondary market journey at Rs 1,300 apiece on BSE and NSE every — a premium of 20.4 per cent over the higher finish of its concern worth band. Mankind Pharma’s preliminary public providing (IPO) was up for public subscription throughout April 25-27 and obtained a great response with an total subscription at 15.32 occasions. The firm’s itemizing is scheduled for tomorrow, Tuesday, May 09, 2023.

Mankind Pharma IPO: Basic Details

Mankind Pharma is engaged in growing, manufacturing, and advertising and marketing a various vary of pharmaceutical formulations throughout numerous acute and power therapeutic areas, in addition to a number of client healthcare merchandise.

It has established a number of differentiated manufacturers in condoms, being pregnant detection, emergency contraceptives, antacid powders, vitamin and mineral dietary supplements, and anti-acne preparation classes.

The IPO was totally a suggestion on the market (OFS) of 40.06 million fairness shares by promoters and different current shareholders. Its worth band was mounted at Rs 1,026-1,080 per share. In the Rs 4,326-crore IPO, a bidder bid for no less than one lot and most of 13 tons. So much had Mankind Pharma’s 13 shares.

Subscription Status

Mankind Pharma is the most important IPO of the present monetary 12 months. The firm has raised Rs 4326.35 crore by means of this IPO. This IPO obtained great response from the traders. The IPO was subscribed greater than 15 occasions. Out of this, the quota prescribed for Qualified Institutions was most subscribed 49.16 occasions, Non- Institutional Buyers’ quota 3.80 occasions and Retail Investors’ quota 0.92 occasions.

Mankind Pharma Shares: What Should Investors Do Post Listing on NSE, BSE?

Ahead of Mankind Pharma’s itemizing right this moment, world brokerage Macquarie got here out with an initiation report on the inventory with an outperform score and a goal of Rs 1,400 apiece.

Macquarie famous that Mankind has a internet money of about Rs 280 crore as of December 2022 with sturdy money stream technology. FY22 ROIC of 30 per cent and ROE of 26 per cent fare a lot better than its home friends (common ROIC of 17 per cent, ROE 16 per cent) and are according to MNC friends similar to Abbott, Pfizer, and GSK India.

That stated, capability utilisation stays low, suggesting room for enchancment, Macquarie stated.

“At the higher band of its IPO worth of Rs 1,080, the inventory is valued at 19 occasions PER on our FY25e EPS of Rs 56. Our goal worth of Rs 1,400 relies on 25 occasions FY25e PER, at a 20 per cent low cost to MNC friends to account for progressive product launch optionality with MNC firms. We provoke protection with an Outperform score,” the brokerage said.

Santosh Meena, Head of Research, Swastika Investmart Ltd., said: “Mankind Pharma, the biggest IPO of 2023 made its debut in the market at a listing price of 1300. The company’s issue price at the upper band was Rs. 1080,  hence it got listed with a profit of around Rs.220  (20%). Mankind Pharma is a well-known and established pharmaceutical company that offers pharmaceuticals as well as several consumer healthcare products. The company has strong fundamentals and it is already attracting outperforming ratings from global brokerage Macuarie. Our recommendation for the IPO was to subscribe, and we maintain a bullish view of the stock, advising investors to hold it for the long term.  However, investors who applied for listing gains may either choose to exit or hold it with a stop loss at the issue price.”

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Aparna Deb

Aparna Deb is a Subeditor and writes for the enterprise vertical of News18.com. Among different issues, monetary market, financial system and insurance policies curiosity her …Read More



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