The ‘Mankind Pharma’ IPO will begin trading on April 25

The ‘Mankind Pharma’ IPO will begin trading on April 25: The company, which manufactures a variety of goods including condoms and pregnancy detection kits, will list its shares on the market on May 8.

The pharmaceutical firm Mankind Pharma will go public the following week. Through this, the company will raise Rs. 4326 crore. On April 24, bids for shares in this initial public offering are accepted from anchor investors. Retail investors can apply for this IPO from April 25 to April 27, however. On May 8, the company’s shares will be admitted to trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

The company’s IPO will be an entirely Offer for Sale (OFS) offering. Shares of the promoters and other shareholders will be sold totaling 40,058,844 through this issue. In this OFS, promoters Ramesh Juneja, Rajeev Juneja, and Sheetal Arora are all selling shares.

In addition, some of the shares of Beige Ltd., Link Investment Trust, Cairnhill CIPEF, and Cairnhill CGPE will be sold. We are letting you know how much you can invest in this IPO if you also intend to do so.

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What is the allowed minimum and maximum investment?

Retail investors must submit applications for at least one lot, or 13 shares. The price range for the IPO has been set by the company at Rs. 1026–1080 per share. You will need to put down Rs 14,040 if you apply for 1 lot at the IPO’s upper price band of Rs 1080. A maximum of 14 lots, or 182 shares, can be purchased for a bid of Rs 196,560 from retail investors.

For retail investors, a 35% share is set aside.

The company has set aside 50% of its issue for qualified institutional investors (QIP). In addition, retail investors are entitled to 35% of the allocation, and non-institutional investors (NII) are given the remaining 15%.

The company won’t profit from the IPO.

The company won’t receive any of the proceeds from this IPO because it is completely worthless. The shareholders will receive every penny of the IPO proceeds. The managers of this IPO are Kotak Mahindra Capital, Axis Capital, IIFL Securities, Jefferies India, and JP Morgan India. While Kefin Technologies has been designated as the Issue’s Registrar.

What exactly is an IPO?

An IPO occurs when a company offers its shares to the public for the first time. Companies issue IPOs so that they can be listed on the stock exchange. After the company is listed on the stock exchange, its shares can be bought and sold. Once the trading of the company’s shares is permitted, they can be purchased and sold. Following that, the investors share in the profits and losses made by buying and selling shares.

When a business issues an IPO, why?

An IPO is issued by a company when it needs capital to grow. Even when it is short on cash, this IPO company can issue because it prefers to raise capital through the offering process to borrowing from the market. The company raises money by selling shares after being listed on the stock market. People who purchase an IPO in return receive stock in the company. This indicates that you become the owner of the purchased portion of the company when you purchase shares of it.