Mankind Pharma IPO
Mankind Pharma IPO Details
- Open Date 25-Apr-23
- Close Date 27-Apr-23
- Lot Size 13
- IPO Size ₹ 4326.36 Cr
- IPO Price Range ₹ 1026 to ₹1080
- Min Investment ₹ 13338
- Listing Exchange BSE, NSE
- Basis of Allotment 03-May-23
- Refunds 04-May-23
- Credit to Demat Account 05-May-23
- Listing Date 09-May-23
Mankind Pharma IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
25-Apr-23 | 0.08x | 0.33x | 0.10x | 0.15x |
26-Apr-23 | 1.86x | 1.02x | 0.25x | 0.88x |
27-Apr-23 | 49.16x | 3.80x | 0.92x | 15.32x |
Mankind Pharma IPO Synopsis
Mankind Pharma IPO opens on 25th April and closes on 27th April. The issue entails a pure offer for sale of upto 40.06 million shares, with a face value of Rs. 1 per share, summing up the total issue size to Rs. 4326.36cr. In the OFS, Ramesh Juneja will offload shares upto 3.71 million, Rajeev Juneja upto 3.51 million shares, Sheetal Arora upto 2.80 million shares, Cairnhill CIPEF Ltd upto 2.62 million shares, Beige ltd upto 9.96 million shares and Link Investment Trust upto 50,000 shares. The issue will be listed on the exchanges on 8th May and the shares will be allotted on 3rd May. The company has set the lot size to 13 shares per lot and the price band to Rs. 1026 – 1080 per share. Kotak Mahindra Capital, Jefferies, IIFL Capital, Axis Capital, and JP Morgan are the lead managers to the IPO.
Objective of the Mankind Pharma IPO
The net proceeds from the issue will be utilized for:
• Carry out the Offer for Sale of 40,058,844 Equity Shares by the Selling Shareholders
• Achieve the benefits of listing the Equity Shares on the Stock Exchanges
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About Mankind Pharma
Mankind Pharma is India’s fourth largest pharmaceutical company in terms of Domestic Sales and third largest in terms of sales volume for MAT December 2022. It engages in developing, manufacturing and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products such as condoms, pregnancy detection, emergency contraceptives, antacid powders, vitamin and mineral supplements and anti-acne preparations categories.
It operates at the intersection of the Indian pharmaceutical formulations and consumer healthcare sectors with the aim of providing quality products at affordable prices, and have an established track record of building and scaling brands in-house.
It has created 36 brands in its pharmaceutical business including Manforce (Rx), Moxikind-CV, Amlokind-AT, Unwanted-Kit, Candiforce, Gudcef, Glimestar-M, Prega News, Dydroboon, Codistar, Nurokind-Gold, Nurokind Plus-RF, Nurokind-LC, Asthakind-DX, Cefakind, Monticope, Telmikind-H, Telmikind, Gudcef-CV, and Unwanted-72, among them.
It has a pan-India marketing presence, with a field force of 11,691 medical representatives and 3,561 field managers. It has also established a significant distribution network in India and sold products to over 12,000 stockists and engaged with 75 clearing and forwarding (“C&F”) agents.
It has 25 manufacturing facilities across India and had 4,121 manufacturing personnel. The formulations manufacturing facilities have a total installed capacity of 42.05 billion units per annum across a wide range of dosage forms including tablets, capsules, syrups, vials, ampoules, blow fill seal, soft and hard gels, eye drops, creams, contraceptives and other over-the-counter products.
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Mankind Pharma Financial Status
Profit and Loss
Balance Sheet
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Revenue | 7781.6 | 6214.4 | 5865.2 |
EBITDA | 2003.8 | 1659.8 | 1448.3 |
PAT | 1453.0 | 1293.0 | 1056.1 |
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Total Assets | 9147.7 | 6372.6 | 5073.3 |
Share Capital | 40.1 | 40.1 | 40.1 |
Total Borrowings | 868.0 | 234.5 | 126.9 |
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Net cash generated from / (used in) operating activities | 919.8 | 1137.2 | 1069.7 |
Net cash from / (used in) investing activities | -1369.1 | -1222.2 | -439.2 |
Net cash flow from / (used in) financing activities | 604.6 | -7.8 | -530.7 |
Net increase (decrease) in cash and cash equivalents | 155.3 | -92.8 | 99.8 |
Peer Comparison
Name of the Company | Revenue from operations (in Rs. crores) | Basic EPS | NAV Rs. per share | PE | RoNW% |
---|---|---|---|---|---|
Mankind Pharma Limited | 7781.555 | 35.78 | 153.65 | NA | 0.2329 |
Sun Pharmaceuticals Industries Limited | 0.1208 | 13.6 | 200.1 | 71.54 | 0.0682 |
Cipla Limited | 21763.34 | 31.17 | 258.32 | 28.18 | 0.1208 |
Zydus Lifesciences Limited | 15265.2 | 43.83 | 166.05 | 10.95 | 0.264 |
Torrent Pharmaceutical Limited | 8508.04 | 22.97 | 175.89 | 66.25 | 0.1306 |
Alkem Laboratories | 10634.19 | 137.63 | 722.44 | 23.03 | 0.1905 |
JB Chemicals & Pharmaceuticals Limited |
2424.244 | 49.82 | 240.83 | 39.48 | 0.1806 |
Eris Lifesciences Limited | 1347.043 | 29.88 | 140.39 | 19.1 | 0.2128 |
Ipca Laboratories Limited | 5829.79 | 34.85 | 216.47 | 22.38 | 0.161 |
Abbott India Limited | 4919.27 | 375.86 | 1327 | 56.19 | 0.2832 |
Glaxosmithkline Pharmaceuticals Limited |
3278.029 | 100.04 | 157.19 | 57.03 | 0.6364 |
Dabur India Limited | 10888.68 | 9.81 | 47.41 | 54.55 | 0.2075 |
Procter & Gamble Health Limited | 1114.41 | 116 | 371.39 | 42.27 | 0.3123 |
Zydus Wellness | 2009.1 | 48.54 | 761.26 | 31.11 | 0.0638 |
Mankind Pharma IPO Key Points
-
Strengths
1. Domestic focused business of scale with potential for growth
2. Established consumer healthcare franchise with brand recall Several products in portfolio with top 10 rankings across key therapeutic areas, in terms of Domestic Sales for MAT December 2022
3. Pan-India market and distribution coverage with focus on affordability and accessibility
4. 25 manufacturing and four research and development facilities with capabilities across key therapeutic areas
-
Risks
1. Delays, interruptions or reductions in the supply of the raw materials or finished formulations from the third-party suppliers and manufacturers, or an increase in the costs of such raw materials and finished formulations
2. It derives a significant portion of its revenue from operations from a limited number of markets
3. Introduction of stricter norms regulating marketing practices by pharmaceutical companies could affect firm’s ability to effectively market its products
4. Inability of certain therapeutic areas to perform in contributing to a more significant portion of the total revenue in India or competing products becoming more available and gaining wider market acceptance.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Mankind Pharma IPO FAQs
What is the price band of the Mankind Pharma IPO?
The price for the Mankind Pharma IPO is set at Rs. 1026 – 1080 per share
When does the Mankind Pharma IPO issue open and close?
The Mankind Pharma IPO opens on 25th April and closes on 27th April.
What is the size of Mankind Pharma IPO issue?
The IPO entails a pure offer for sale of upto 40.06 million shares with a face value of Rs. 1 per share, summing up the total issue size to Rs. 4326.36cr.
What is the lot size and investment required for the Mankind Pharma IPO?
The Mankind Pharma IPO lot size is 13 shares. A retail-individual investor can apply for up to 14 lots (182 shares or ₹196,560)
What is the allotment date of Mankind Pharma IPO?
The allotment date of Mankind Pharma IPO is set for 3rd May.
What is the Mankind Pharma IPO’s listing date?
The Mankind Pharma IPO will be listed on 8th May
What is the objective of the issue?
The net proceeds from the issue will be used for:
• Carry out the Offer for Sale of 40,058,844 Equity Shares by the Selling Shareholders
• Achieve the benefits of listing the Equity Shares on the Stock Exchanges
How to apply for the Mankind Pharma IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Who are the promoters/key personnels of Mankind Pharma IPO?
Mankind Pharma IPO is promoted by Ramesh Juneja, Rajeev Juneja, Sheetal Arora, Ramesh Juneja Family Trust, Rajeev Juneja Family Trust, and Prem Sheetal Family Trust.
Who are the book runners for Mankind Pharma IPO?
Kotak Mahindra Capital, Jefferies, IIFL Capital, Axis Capital, and JP Morgan are the lead book managers to the issue.
Contact Details of Mankind Pharma IPO
Contact Information
Mankind Pharma Limited
208, Okhla Industrial Estate
Phase-III,
New Delhi 110020
Phone: +91 11 4684 6700
Email: investors@mankindpharma.com
Website: https://www.mankindpharma.com/
Mankind Pharma IPO Register
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: mankind.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Mankind Pharma IPO Lead Manager
Kotak Mahindra Capital Company Limited
Axis Capital Limited
IIFL Securities Ltd
Jefferies India Private Limited
J.P. Morgan India Private Limited