IPO Details
Bidding Dates
25 Apr '23 - 27 Apr '23
Minimum Investment
₹14,040 / 1 Lots (13 Shares)
Price Range
₹1026 - ₹1080
Maximum Investment
₹196,560 / 14 Lots ( 182 Shares)
Retail Discount
Not Applicable
Issue Size
₹4,326.36 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor |ARQ IPO Prediction
Listing gain & Over subscription prediction
Over-Subscribed 15.32x
Chances of listing gains & oversubscription
high
Updated 5mins ago
DAY 3
Mankind Pharma IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Apr 25, 2023
IPO Closing Date
Apr 27, 2023
Basis of Allotment
May 3, 2023
Initiation of Refunds
May 4, 2023
Credit of Shares to Demat Account
May 5, 2023
IPO Listing Date
May 8, 2023
Manking Pharma IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Apr 25, 2023 |
0.08 | 0.33 | 0.10 | 0.14 |
Day 2Apr 26, 2023 |
0.25 | 1.02 | 0.25 | 0.87 |
Day 3Apr 27, 2023 |
49.16 | 3.80 | 0.92 | 15.32 |
Manking Pharma IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | 49.16 |
| Non-Institutional Buyers | 3.80 |
| Retail Investors | 0.92 |
| Employees | [.] |
| Others | [.] |
| Total | 15.32 |
About Company
Mankind Pharma engages in developing, manufacturing, and marketing a variety of pharmaceutical formulations for chronic and acute therapeutic usage. It was the fourth largest in terms of domestic sales and the 3rd largest in terms of sales volume for Moving Annual Total (MAT) in FY22.
The company is the youngest among the five largest Indian pharmaceutical companies with a focus on the domestic market. In Fiscal 2022, the company generated 97.60% of the total revenue from operations from domestic sales, which is the highest among peers.
The company sells 36 brands under its umbrella, each of which has achieved over Rs. 500 million in domestic sales in FY22.
The company sales have grown at 16% CAGR from 2020 to 2022.
Outside the Indian market, the corporation has a presence in the United States, Sri Lanka, Bangladesh, and Nepal.
Mankind Pharma Ltd IPO Details
Mankind Pharma Ltd IPO dates are announced and the bidding window will open on April 25, 2023. It is an offer for sale issue of 40,058,844 shares with a face value of Rs. 1 per share.
The price band for the offer is fixed at Rs. 1,026 - 1,080 per share. Retail investors can bid for a minimum of one lot of 13 shares.
Mankind Pharma Ltd IPO Objective
- Mankind Pharma Ltd IPO is a 100% Offer for sale issue and all the proceeds will be received by the selling shareholders.
Should you invest in Mankind Pharma Ltd?
You might want to look at the top reasons below before investing.
- It has one of the largest networks of medical representatives in PAN India. According to the IQVIA Medical Audit report of March 2022, 80% of doctors in India have been prescribed medicines by Mankind Pharma.
- In the last five years, Mankind Pharma has generated the highest share of prescriptions in the Indian Pharmaceutical Market.
- The company has consistently outperformed its peers in the Indian Pharmaceutical Market sphere.
- In the domestic sales segment, the company’s rank improved from 8th in 2012 to 4th in 2022.
Between FY 2020 and the period ending in December 31, 2022, company’s market share in terms of Domestic Sales in the IPM has increased from 4.1 to 4.3%, fastest among the 10 largest corporations in the same field.
Mankind Pharma Ltd Noteworthy highlights
- Between FY2020 and FY2022, the company’s revenue from operations increased from Rs. 60,647 million to Rs. 82,298 million, 1.5x of the IPM.
- In that period the company’s total revenue from operations growth was 16% against the industry average of 11% compounded annual growth.
Mankind Pharma Company Financials
| Particulars | March 31, 2022 (Rs.in million) | March 31, 2021 (Rs.in million) | March 31, 2020 (Rs.in million) |
|---|---|---|---|
| Revenue from Operations | 77,815.55 | 62,144.31 | 58,652.34 |
| Net Profit | 14,529.56 | 12,930.34 | 10,561.48 |
| PAT Margin | 18.67% | 20.81% | 18.01% |
| EBITDA | 2,003.80 | 1,659.78 | 1,448.3.5 |
| EBITDA Margin | 25.75% | 26.71% | 24.69% |
| EPS (Basic) | 35.78 | 31.59 | 25.72 |
| ROE | 25.99% | 30.30% | 31.75% |
Know before investing
Strengths
3-
It recorded the fastest growth in domestic sales among the 10 largest pharmaceuticals during FY20-22.
-
The company has a presence in several segments of acute, chronic therapeutic, and consumer healthcare products.
-
Eighteen of their brands had domestic sales of over 1 billion in FY22.
Risks
3-
The corporation operates in a highly regulated industry and requires extensive licensing for manufacturing and marketing.
-
It requires obtaining and renewing statutory and regulatory approvals and licences to continue operations.
-
Disruption in manufacturing and R&D can have an adverse impact on the company’s operational and financial performance.
Over-Subscribed15.32x
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Over-Subscribed15.32x
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Mankind Pharma IPO FAQs
Mankind Pharma Ltd. IPO is an offer for sale of 40,058,844 shares. The bidding window for the issue will open on April 25, 2023. The price band for the IPO shares is fixed at Rs. 1,026 – 1,080 per share.
Retail investors can apply for a minimum of one lot with 13 shares.
The Basis of Allotment date is fixed on May 03, 2023
The retail investors can apply for one lot with 13 shares.
The subscription window will open on April 25, 2023.
Retail Investors can apply for a minimum of one lot with 13 shares and a multiple of that up to 14 lots thereafter.
The listing date for the Mankind Pharma IPO is May 08, 2023.
You can check the Mankind Pharma IPO allotment status on the Angel One website or mobile app.
Keep the allotment status, application number, DP ID, and PAN number handy while checking.
Listing gains for Mankind Pharma IPO can be ascertained on the day of IPO listing. In this case, it will be on May 08, 2023.
According to the changed policies banks only block the amount in your account initially. The money will remain in your account and will be debited only when the shares are allotted or get unblocked after the UPI mandate expiry date.
You must log in to your UPI handle to approve the payment mandate at the final stage of application.
SEBI allows investors to submit only one application using one PAN card.
The minimum order size for Mankind Pharma IPO is one lot of 13 shares.
