Put it down to the home advantage, or the company’s strong position in the Indian pharmaceuticals market.
As per the notification, the drug Isoniazid used for treating Myobacterium tuberculosis will have a ceiling price of Rs. 1.29 and Gliclazide ER and Metformin Hydrochloride (ER) tablets used by patients with type 2 diabetes will have a ceiling price of Rs. 10.03 for one tablet
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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
Mankind Pharma IPO: The issue, which is an offer for sale, is expected to fetch the pharma company's shareholders Rs 4,326.36 crore at the upper end of the price band of Rs 1,026-1,080 a share
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!
The company has priced the issue in the range of Rs 1,026-1,080 per share. It mobilised Rs 1,297.9 crore from a clutch of anchor investors including CPPIB, GIC, ADIA, Fidelity, Goldman Sachs and Blackrock
As the company is foraying into newer areas of therapies, particularly chronic, there could be execution hiccups.
Ahead of the IPO, Mankind Pharma mobilised Rs 1,297.9 crore from anchor investors. Total 77 investors have received shares via anchor book.