BackMankind Pharma IPO listing date today. GMP, experts signal positive debut of shares
Mankind Pharma share price may open at around ₹1,200 apiece, say grey market observers
PremiumMankind Pharma IPO: The initial public offering (IPO) of Mankind Pharma Ltd is going to hit stock market today. As epr the information available on BSE website, Mankind Pharma share price is going to list on both NSE and BSE on 9th May 2023 i.e. today. Thus, Mankind Pharma IPO listing date has been fixed on Tuesday, 9th May 2023 and share listing will take place in special pre-open session. According to market observers, Mankind Pharma share price is available at a premium of ₹120 per equity share in grey market today while stock market experts are also expecting positiver debut of Mankind Pharma shares. They said that an allottee may have a listing premium to the tune of 10-12 per cent and Mankind Pharma IPO listing price could be around ₹1300 apiece, provided bull trend continues on Dalal Street today.
Mankind Pharma share price debut: What experts feel?
Speaking on Mankind Pharma share price debut, Prashanth Tapse, Senior Vice President at Mehta Equities said, "Expecting a decent listing gains of around 7-10 per cent on the issue price considering healthy market mood and a strong subscription response from the investors, led by the institutions while the offer also witnessed muted response from the retailers due to concern on 100 per cent OFS."
Expecting positive listing of Mankind Pharma IPO, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, "Mankind Pharma is a well-known and established pharmaceutical company that offers pharmaceuticals as well as several consumer healthcare products. The IPO was fully priced with a P/E valuation of 30x and was a complete offer for sale. The offering garnered significant interest from investors, especially in the QIB category. As of the latest data, Mankind Pharma share price has seen appreciation in the grey market, particularly after the share allotment on May 3rd, 2023. Therefore, a profitable listing is anticipated, although the success of the Mankind Pharma IPO listing will ultimately depend on the overall market sentiment."
On expected Mankind Pharma IPO listing price, Ravi Singhal, CEO at GCL Broking said, "Much will depend upon the kind of opening Indian stock market gets today. In bulls case, Mankind Pharma IPO listing premium could be around 10-12 per cent whereas in case of bear case, we might see a par listing of Mankind Pharma shares. In bulls case, Mankind Pharma share price may debut at around ₹1,300 apiece levels whereas in bear case, we may see Mankind Pharma IPO listing at around ₹1,100 apiece levels."
Mankind Pharma IPO GMP today
As mentioned above, market observers have informed that Mankind Pharma IPO GMP (grey market premium) today is ₹120 per equity share, which is ₹17 higher from its yesterday's GMP of ₹103. Observers went on to add that Mankind Pharma IPO GMP today is ₹120 means grey market is expecting that Mankind Pharma IPO listing price would be around ₹1,200 ( ₹1,080 + ₹120), which is around 11 per cent higher from Mankind Pharma IPO price of ₹1,026 to ₹1,080 per equity share.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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