Review on Mankind Pharma IPO
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| IPO Date | Apr 25, 2023 to Apr 27, 2023 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price | ₹1026 to ₹1080 per share |
| Lot Size | 13 Shares |
| Total Issue Size | 40,058,844 shares (aggregating up to ₹4,326.36 Cr) |
| Offer for Sale | 40,058,844 shares of ₹1 (aggregating up to ₹4,326.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
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Kya lagta hai bhaiyo? Buy what you use funda kaam krega yaha?
Gmp 8-10% , but it's more of ofs than ipo so company will not get anything only shareholder will. Valuation good but will post bad result as compared to last year . Will decide on the 3rd day listing
Will not subscribe because Mankind doesn't really have a moat anymore. They were famous for offering quality medicine at cheaper price. Now many companies are doing that. Some companies even opened a different division to focus on lower priced products. Also Mankind invests peanuts on research, they just take a popular product, contract manufacture it, package it and sell. This strategy works (Example Apple) but future is pretty uncertain. A few new breakthrough and they will be in deep water because they wouldn't be able to do it anymore because of patents.
Also they don't really earn that much from Manforce condoms. Everyone knows about it because of the Advertisements.
QIB 13x now
But other subs are kinda low.
What's the view on listing? Positive or negative?
Positive
@tappukepapa positive. Hogaya. 🐒👻
Congratulations bhai
I won't subscribe for this ipo as market is volatile now and sometimes bearish.