Mankind Pharma IPO Day 2: Check Today's GMP, Issue Price, Listing Details And More

Mankind Pharma IPO is entirely an offer for sale (OFS) of 40,058,844 equity shares by promoters and other existing shareholders.

New Delhi: The initial share-sale of drug maker Mankind Pharma opened for public subscription on Tuesday. The three-day initial public offering (IPO) will conclude on April 27.

Mankind Pharma IPO GMP

As per reports, the Mankind Pharma latest GMP suggests a premium of Rs 90, suggesting that the scrip will have a decent debut on its stock market listing. 

Mankind IPO Stock Market Listing

Post the public subscription, the shares of Mankind Pharma are expected to go live on stock exchanges on May 8, 2023.

Mankind IPO Details

The company's IPO is entirely an offer for sale (OFS) of 40,058,844 equity shares by promoters and other existing shareholders. Those selling shares in the OFS are promoters Ramesh Juneja, Rajeev Juneja and Sheetal Arora. Besides, Cairnhill CIPEF, Cairnhill CGPE, Beige Limited, and Link Investment Trust will participate in the OFS. Since the IPO is completely an OFS, the company will not receive any net proceeds from the issue and the entire net proceeds will go to the selling shareholders.

Kotak Mahindra Capital Company, Axis Capital, IIFL Securities, Jefferies India and JP Morgan India are the book-running lead managers to the issue.