iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Mankind Pharma IPO day 2: Offer subscribed 56% so far

26 Apr 2023 , 03:55 PM

The Rs 4,326.36 crore initial public offer (IPO) of Mankind Pharma has been subscribed by 56% on the day of the offer by 3.45 PM. The issue received bids for 1,57,57,950 equity against 2,80,41,192 equity shares. Click here to subscribe the IPO.

High net-worth individuals (HNIs) have bought 77% shares against the quota reserved for them, while qualified institutional buyers (QIBs) quota received 1.03 times bid, so far, against shares reserved for them. Retail investors have bid for 21% of the share set aside for them. 

As the IPO is an offer for sale, the company will not receive any net proceeds. 

Kotak Mahindra Capital Company, Axis Capital, IIFL Capital Services, Jefferies India and JP Morgan India are the lead managers to the issue.

The equity shares of the company will be listed on May 9 on both BSE and NSE.

Mankind Pharma IPO important details

Open date  April 21
Close date  April 25
Lot size 13
IPO size (Rs crore) Rs 4,326.36 Cr
IPO price range (Rs) Rs 1026-1080 per share
Minimum investment Rs 14,040
Basis of allotment date April 28
Refunds date  May 2
Credit to demat account date  May 3
Listing date  May 4

Related Tags

  • Mankind Pharma
  • Mankind Pharma IPO
  • Mankind Pharma IPO subscribe
  • Mankind Pharma IPO subscription status
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.