Mankind Pharma IPO

Mankind Pharma Ltd

₹13,338 /13 sharesMinimum Investment

Mankind Pharma IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹1,080.00₹1,300.00₹220.00 (20.37%)

Mankind Pharma IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Apr ‘23 - 27 Apr ‘23₹13,33813₹1,026 - ₹1,080
Issue SizeIPO Doc
4326.00Cr
RHP PDF

Subscription Status As on 27 Apr '23, 5:05 PM

  • Qualified Institutional Buyers
    49.16x
  • Non-Institutional Investor
    3.80x
  • Retail Individual Investor
    0.92x
  • Total
    15.32x

About Mankind Pharma

Mankind Pharma is a leading pharmaceutical and healthcare products company based in New Delhi. The company specializes in manufacturing and marketing condoms, antibiotics, gastrointestinal, cardiovascular, dermal, and erectile dysfunction drugs. Started in 1991, Mankind Pharma today is India’s fourth largest pharmaceutical company in terms of domestic sales. The company is known for acute and chronic therapeutic medications. With an employee base of 22,000+ Mankind Pharma positions itself as a provider of affordable and accessible medicines. In addition to over-the-counter medicines and prescription drugs, Mankind Pharma also deals in FMCG products in India and overseas.;
Parent Organisation
Mankind Pharma Ltd
Founded
1991
Managing Director
Rajeev Juneja

Strengths & Risks

  • Here are some strengths of Mankind Pharma Limited:
  • Mankind Pharma is one of the largest domestic formulators in India. Its domestic sales make it the fourth largest pharma company in the country. The company is focusing on scaling domestic business further.
  • The company has a well-diversified portfolio of therapeutic medications that includes antibiotics, cardiovascular, gynecology, gastrointestinal vitamins, respiratory, anti-diabetic, dermatology, analgesics, and neuro medications.
  • The company has established a number of brands in the consumer healthcare segment with condoms, pregnancy detection, emergency contraceptives, supplements, among others that have a strong brand recall.
  • Mankind Pharma has a wide market and distribution network along with a laser-sharp focus on affordable medicines.
  • Here are some risk factors associated with Mankind Pharma Limited:
  • The company’s overall financial performance depends on compliance to Government regulations and policies. Any deviance from Government regulations can hamper company operations and cash flows.
  • The company has to regularly obtain, maintain, and renew regulatory approvals, which are often expensive. Failure to renew or get licenses and approvals can be a risk.
  • It is difficult to accurately forecast the demand for certain products, which can result in inventory mismanagement, leading to an adverse effect on operations and cash flows.
  • Any delay or disruption in the raw material supply chain or products from third-party suppliers can result in an adverse impact on the pricing of the medications and products. An increase in the cost of raw materials can also be detrimental to sales.
  • The company relies on the effectiveness of its drugs and pharma products. If the drugs and products fail to yield the desired result, it can hamper the sales and bottomline.
  • Counterfeit drugs being sold under Mankind Pharma’s branding can tarnish the company’s reputation and impact its sales.
  • The company relies strongly on quality control when manufacturing and marketing drugs. Any lapse in quality control can also negatively impact business.
  • There are outstanding legal proceedings against the company, its promoters, subsidiaries, and directors. Some of these include criminal and tax proceedings.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular1026 - 1080₹2 Lakh
High Networth Individual1026 - 1080₹2 - 5 Lakh
For Mankind Pharma IPO, eligible investors can apply as Regular.
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