Key Points
Mankind Pharma shares GMP fell to Rs 30 on Wednesday, compared to Rs 92 per equity share on Monday..
The GMP indicated the shares are valued 2.78% over the upper end of the share price on offer...
Mankind Pharma IPO opened for subscription on 25 April and the issue has been booked 0.87 times on day 2, with total bids of 2,45,19,352 shares..
Mankind Pharma is engaged 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..
Considering under-penetration of healthcare services and lower consumer expenditure in healthcare in India, MPLs focus on chronic therapeutic areas, emphasis on increasing penetration in metro and Class I cities, growth in consumer healthcare business, good financial performance and strong distribution network, we assign a Subscribe rating on a long term basis, said Geojit Financial Services, recommending investors subscribe to the issue..
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