Mankind Pharma Share Price: This year many IPOs in the stock market have given huge profits to the investors. Today the shares of Mankind Pharma have been listed in the market.
Mankind Pharma Share Price: This year many IPOs in the stock market have given huge profits to the investors. Today the shares of Mankind Pharma have been listed in the market.
The company’s shares have made investors rich on the very first day of listing. The stock was listed at a 20 per cent premium to the share issue price of this company. The stock has climbed up to 32 per cent on the very first day after listing.
Share reached the level of Rs 1,430
Mankind Pharma performed very well in its first day of trading in the stock markets on Tuesday. The company’s stock closed with a gain of over 32 per cent against the issue price of Rs 1,080. Shares of Mankind Pharma were listed at Rs 1,300 on BSE with a gain of 20.37 per cent. In later trade, it climbed 32.40 per cent to Rs 1,430. At the end of trading, the stock closed at Rs 1,424.05, up 31.85 per cent.
The IPO was subscribed 15.32 times.
Let us tell you that the company’s stock closed at Rs 1,430 on the NSE, rising 32.40 per cent. The initial public offering (IPO) of Mankind Pharma was subscribed 15.32 times.
The IPO
of the company was opened for subscription between 25 and 27 April. The IPO size of the company was kept at Rs 4,326.36 crore. Mankind Pharma had allotted its shares through the IPO at Rs 1,080. Shares of Mankind Pharma were listed at Rs 1,300 on BSE this morning with a gain of 20.37 per cent.
The company was started in 1995.
If we talk about the business of the company, then it is a pharma sector company. Mankind Pharma was started in 1995, whose founder is Ramesh Juneja. The main products of Mankind Pharma include products like Manforce Condoms, Pregnancy Test Kit Prega News.
According to FY2022 figures, the domestic market accounts for 97.60% of the company’s total revenue. Let us tell you that Mankind Pharma has developed 36 brands in the pharmaceuticals business.
