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Mankind Pharma IPO - Listing Date, GMP & Subscription

Mankind Pharma Ltd IPO listing date: May 9, 2023 on NSE, BSE. Listed at ₹1300 (+20.4%) vs issue price of ₹1080. Subscribed 15.32x overall (QIB: 22.58x). Price band: ₹1,026-₹1,080, lot size 13 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated May 8, 2023

Key Dates

IPO Open DateApr 25, 2023

IPO Close DateApr 27, 2023

Allotment DateMay 3, 2023

Refund DateMay 5, 2023

Demat Credit DateMay 8, 2023

Listing DateMay 9, 2023

Issue Details

Price Band₹1,026-₹1,080

Issue Price₹1080

Face Value₹1

Lot Size13 shares

Min Investment₹14,040

Issue Size₹4,326 crore

Listing ExchangeNSE, BSE

RegistrarLink Intime India

IPO TypeMainboard

stoicHQ Analysis

✓Strong consumer pharma brand portfolio (Prega News, Manforce)

✓India's 4th largest pharma company

✓Tier 2-3 city distribution moat

⚠100% OFS - promoter family exit

⚠Premium valuation vs peers

About Mankind Pharma Ltd

Mankind Pharma is India's fourth largest pharmaceutical company by domestic sales, with brands including Prega News, Manforce, and Gas-O-Fast. Strong in branded generics across Tier 2-3 cities.

Subscription Breakdown

Overall Subscription15.32x

QIB (Institutional)22.58x

NII (HNI)13.13x

Retail8.59x

Listing Price

₹1300

Listing Gain

+20.4%

Issue Price

₹1080

stoicHQ Analysis

Strong 20.4% listing gain on a quality pharma franchise. Mass-market pharma positioning (Tier 2-3 city distribution) was the key differentiation. Despite 100% OFS, brand strength and distribution moat justified institutional support.

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IPO Listing Timeline

Previous IPO← Global Health IPO (Medanta) (listed Nov 16, 2022)Next IPOideaForge Technology IPO (listed Jul 7, 2023) →

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Mankind Pharma IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

May 8, 2023+₹220-+20.4%

May 5, 2023+₹218-+20.2%

Apr 30, 2023+₹210₹1900+19.4%

Apr 27, 2023+₹195₹1800+18.1%

Apr 25, 2023+₹175₹1600+16.2%

Apr 22, 2023+₹155₹1400+14.4%

Apr 19, 2023+₹130₹1200+12.0%

Mankind Pharma IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Apr 25)1.85x0.00x1.18x2.66x

Day 2 (Apr 26)5.33x2.32x4.80x7.35x

Day 3 (Apr 27)15.32x22.58x13.13x8.59x

Anchor Investors

Government of Singapore₹220 crore

SBI Mutual Fund₹195 crore

Mirae Asset Mutual Fund₹162 crore

HDFC Mutual Fund₹155 crore

Nomura Funds Ireland₹130 crore

Mankind Pharma Ltd - Financials at IPO

YearRevenuePATNet Margin

FY21₹7,456 crore₹762 crore10.2%

FY22₹8,215 crore₹874 crore10.6%

FY23₹9,154 crore₹1,122 crore12.3%

Listed Peers - Pharmaceuticals

Sun PharmaceuticalsPharmaceuticals

CiplaPharmaceuticals

Alkem LaboratoriesPharmaceuticals

Frequently Asked Questions

What is the Mankind Pharma IPO listing date?

Mankind Pharma IPO listed on May 9, 2023 on NSE and BSE at ₹1,300, a 20.4% gain over the issue price of ₹1,080.

What was the Mankind Pharma IPO GMP?

The grey market premium (GMP) for Mankind Pharma IPO was ₹220 at closing, implying a 20.4% listing gain. GMP remained steady at ₹130-₹220 throughout the subscription period, correctly signalling a positive listing.

What was Mankind Pharma IPO subscription status?

Mankind Pharma IPO was subscribed 15.32x overall. QIB subscription was 22.58x, NII (HNI) was 13.13x, and retail was 8.59x.

What brands does Mankind Pharma own?

Mankind Pharma owns Prega News (pregnancy test kits), Manforce (contraceptives), Gas-O-Fast (antacid), AcneStar, and Unwanted-72. It is India's fourth largest pharma company by domestic sales, with strong presence in Tier 2-3 cities.

What is the allotment date for Mankind Pharma IPO?

The allotment date for Mankind Pharma IPO was May 3, 2023. Refunds were processed on May 5, 2023 and demat credit was on May 8, 2023.

Was Mankind Pharma IPO an OFS?

Yes, Mankind Pharma IPO was 100% OFS (offer for sale) by the Juneja promoter family. No fresh capital was raised for the company.

Who was the registrar for Mankind Pharma IPO?

Link Intime India was the registrar for Mankind Pharma IPO. To check allotment status, visit linkintime.co.in, select Mankind Pharma IPO, and enter your PAN or application number.