Mankind's impressive listing may revive retail interest in IPOs
Mint Mumbai|May 10, 2023
With Mankind Pharma’s stellar Dalal Street listing, retail interest in Initial Public Offerings (IPO) could be revived after a series of poor listings late last year and early this year, when markets turned volatile due to interest rate hikes in the US and in emerging markets (EMs) like India.
Ram Sahgal, Sneha Shah
Mankind's impressive listing may revive retail interest in IPOs
 

Against the issue’s upper band of 1,080, the stock opened at 1,300, a 20% premium, and closed at 1,422.30, a whopping 31.7% premium. This underlines institutional investors and a large high net worth individuals (HNIs) appetite for the company, which ranks among the top 5 Indian pharma companies by sales. Retail investors usually book profits on listing day or buy if the listing price trades closer to the issue price.

This is the highest closing premium in five months since Sah Polymers’ listing on 12 Jan at a 37.3% premium to its issue price of 65 apiece.

هذه القصة مأخوذة من طبعة May 10, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 10, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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