India's Income Tax Department is conducting searches at Mankind Pharma Ltd's office in New Delhi, a government source told Reuters on Thursday, days after the condom maker's successful public listing
The stellar listing day performance comes even as retail investors gave the Rs 4,326-crore IPO - the largest in more than a year-a miss
Mankind's deal marks the return of mid-to-large-sized debuts in India
CLOSING BELL: Among sectors, the Nifty PSU Bank index fell nearly 3 per cent, followed by the Nifty Realty index (close to 1 per cent)
Shares of Mankind listed at Rs 1,300, a 20 per cent premium over its issue price of Rs 1,080 on the National Stock Exchange (NSE) and the BSE
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The IPO had seen strong demand from institutional investors even as the retail quota had remained undersubscribed
CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each
The Rs 4,326-cr offering garnering bids worth nearly Rs 50,000 cr
Mankind Pharma on Monday allotted shares worth Rs 1,298 crore to 77 anchor investors including 16 domestic mutual funds that participated through 41 schemes
The company's IPO closed on Thursday
The Rs 4,326-crore public issue's price band is set in the range of Rs 1,026-1,080 per share. The issue will close on Thursday, April 27
Mankind Pharma IPO listing date: The IPO is likely to list on NSE and BSE on May 8
Canada Pension Plan Investment Board (CPPIB), the Government of Singapore, SBI Multi Cap Fund, and Fidelity Investment Trust were some investors who were allotted shares under the anchor quota
In the grey markets, shares of Mankind Pharma enjoyed a premium of Rs 90, which translated to a likely listing price of Rs 1,170 per share on the upper price band
After having recorded seven straight months of outflows, equity savings schemes are expected to witness a change of fortune in the months ahead
The offering is entirely a secondary share sale by promoters, global private equity firm Cairnhill and some other investors of the firm
Mankind Pharma IPO GMP: According to reports, the IPO is commanding a great market premium of Rs 80 per share today
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