IPO, which stands for Initial Public Offer, is the process through which a company or corporate entity enlists itself on the stock market and goes public i.e. raises funds from a large number of investors. The main purpose of an IPO is to raise fresh capital for various business purposes like growth, diversification and more. Notably, holding equity shares of a company is akin to possessing a stake in the ownership of the company. Once the shares of the company are listed, they are available for free trade in the secondary financial market. There are majorly three categories of investors who participate in an IPO, namely Qualified Institutional Buyers, Non-Institutional Investors and Retail investors. In order to rein in the investors and convince them about the prospects of the company, a prospectus is drafted before the IPO. This includes detailed information about various segments such as financial records, future plans for the company, potential risks in the market and expected share price range. Once the market regulator SEBI (Securities and Exchange Board of India) and stock exchange i.e. BSE, NSE etc. approve this, the company is all set for its public debut. For a retail investor to be able to invest in IPOs, it is mandatory that they have a PAN card and a functional Demat account. More
The three-day initial public offering (IPO) will conclude on June 8. The bidding for anchor investors will open on June 5, according to the red herring prospectus (RHP).
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Kotak Mahindra Capital and Goldman Sachs are currently in advanced talks to be selected as financial advisors, with Kotak closely collaborating with the startup to determine the IPO's structure
With more than 74 percent stake in Tata Tech, Tata Motors can garner huge returns from the flotation of its subsidiary
The proposed reduction in timelines for listing and trading of shares will benefit both issuers as well as investors.
The firm has seen an improvement in financial performance with net and gross NPAs falling to 1.41 and 4.76 percent, respectively, for the financial year ended March 2023.
The issue will conclude on May 25 and shares of the company will be listed on NSE Emerge, the company said in a statement.
Mankind Pharma IPO: The company is almost entirely focussed in India. The domestic market contributed 97.60 percent to the company's revenue from operations in FY22
Geojit has come out with its report on Nexus Select Trust. The research firm has recommended to “ Subscribe ” the ipo in its research report as on May 06, 2023.
Cainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into six units and that most of them would explore capital raisings or market debuts to help fund future growth.
The IPO comprises a fresh issue of equity shares and an offer for sale of over 1.72 crore equity shares by promoters and other shareholders.
Mankind Pharma will make its debut on the BSE and NSE on May 8 as per the schedule.
The company, which got approval from Sebi in May 2022 to float the initial public offering (IPO), did not launch the issue amid weak market conditions. It had earlier filed its draft papers in February 2022.
In contrast, the SME market witnessed higher activity, having raised $82 million via 38 IPOs
Oyo, which refiled its draft red herring prospectus (DRHP) with the SEBI under the recently introduced pre-filing route in March 2023, was sitting on a cash reserve of around Rs 2,700 crore, according to the presentation.
The biggest IPO of 2023 so far in terms of issue size - Mankind Pharma IPO - opened for subscription on April 25. The total fundraising would be Rs 4,110 cr at the lower price band. It has established several differentiated brands in condoms, pregnancy detection, emergency contraceptives, etc. Here are the 10 key things you must know before applying for this IPO!
ICICI Direct has come out with its report on Mankind Pharma. The research firm has recommended to “ Subscribe ” the ipo in its research report as on April 24, 2023.
These companies had filed preliminary IPO papers with the regulator between March 2022 and December 2022.
Geojit has come out with its report on Mankind Pharma. The research firm has recommended to “ Subscribe ” the ipo in its research report as on April 21, 2023.
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Apart from its popular Manforce Condoms, Prega News, and Unwanted-72 brands, Mankind Pharma has also established a range of consumer healthcare brands in categories such as antacid powders (Gas-O-Fast), vitamin and mineral supplements (Health OK brand), and anti-acne preparations (AcneStar brand), among others.
The main reason for the poor show was the tepid IPO market, which plunged to $84.4 million from $1 billion in Q1 of 2022.
The subdued market conditions and muted response to the IPO from investors barring QIBs may be key reasons for the pathetic performance of the stock.
The stock started off at Rs 431 on the BSE against issue price of Rs 436 per share, while the listing price on the NSE was Rs 436.
Mankind Pharma, India’s fourth largest pharmaceutical company in terms of domestic sales and second largest in terms of sales volume for the financial year 2022, will open for subscription on April 25 and close on April 27. The anchor bidding will start on 24 April.