Mankind Pharma IPO: After the subscription closes, bidders and market observers are eagerly waiting for the date of share allotment to be announced, which is most likely to happen on May 3, 2023. According to this Prega News and Manforce manufacturer company’s tentative schedule of initial public offering (IPO), Mankind Pharma IPO allotment date is likely to be on May 3, 2023. However, those who have applied for the IPO need not run around as they can check the status of their application online by logging into the BSE website or the official registrar’s website. Meanwhile, with the Mankind Pharma IPO allotment date fast approaching, the gray market on the public issue has gained momentum as the secondary market has been bullish for the last six days. According to market observers, Mankind Pharma Ltd shares are available at a premium 92 in the gray market today.
Mankind Pharma’s IPO GMP today
Market watchers said Mankind Pharma’s IPO gray market premium (GMP) today 92, which is 7 more than your GMP yesterday 85 each. He said that the IPO of Mankind Pharma has increased from GMP since 60 92 in the last three days, which is mainly due to the trend reversal on Dalal Street. He said that the bullish trend in the Indian stock market has changed the gray market sentiments regarding the Mankind Pharma IPO.
He added that Mankind Pharma IPO GMP may go higher if the secondary market continues to remain bullish when the stock market opens on Monday after the Maharashtra Day holiday.
What does this GMP mean?
primary market observers added it Mankind Pharma’s IPO GMP today Is 92, which means the gray market is expecting the Mankind Pharma IPO listing price to be around 1172 ( 1080+ 92), which is 8.50 per cent above the IPO price band of Mankind Pharma since 1026 1080 per equity share.
Market observers said that the gray market is indicating that Mankind Pharma shares may make a positive start on the listing date, which is most likely to be May 8, 2023.
However, stock market experts say that GMP is not an ideal indicator of success or failure of a public offering. One should stick to the basics and scan the financial position of the company as it gives solid fundamental picture which is long lasting.
Mankind Pharma IPO Details
After the closure of Mankind Pharma IPO subscription, the focus is on Mankind Pharma IPO allotment date, which is expected to be on 3rd May 2023. Mankind Pharma IPO listing is proposed on both NSE and BSE and Mankind Pharma IPO listing date is expected to be on 8th May 2023.
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