Mankind Pharma announces launch of initial public offering
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Mankind Pharma Ltd. has announced public offering of 40058844 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 1,079.00 per share. The gross proceeds of the issue are expected to be Rs 4,32,635.52 lakhs. The company's initial public offer (IPO) will open on 25 April 2023 and is expected to close on 27 April 2023, subject to customary closing conditions.
The price band of the issue has been fixed at Rs 1,026.00-1,080.00 per share. The IPO includes a fresh Issue of 40058844 Equity Shares of the Company at an price of Rs 1,080.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 13 shares with bids in multiples of 13. Mankind Pharma Ltd. anticipates using the proceeds of the issue for . Axis Capital Ltd.,JP Morgan India Private Limited.,Jefferies India Pvt. Ltd.,Kotak Mahindra Capital Company Limited,IIFL Securities Limited as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
