Medico News India

Condom maker Mankind up 23 per cent in India’s biggest listing of 2023, ET HealthWorld

Bengaluru : Shares of Manforce condom maker Mankind Pharma Ltd surged as much as 23 per cent in debut trading on Tuesday, valuing the company at 531.58 billion rupees ($6.50 billion), and making it the biggest domestic listing so far this year.

The company, which also owns at-home pregnancy testing kit Prega News, opened at 1,300 rupees, compared with an offer price of 1,080 rupees for its initial public offering.

Indian benchmark indexes, the Nifty 50 and the S&P BSE Sensex, were up 0.3 per cent each as of 10:03 am IST.

($1 = 81.7800 Indian rupees)

  • Published On May 9, 2023 at 12:15 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETHealthworld App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Paid Prime Membership on

Source link

Leave a Reply

New Report