Mankind Pharma IPO: How To Check Share Allotment Status, GMP, Listing Dates

Mankind Pharma's initial public offering received a good response, with the offer being oversubscribed 15.32 times. Here’s how you can check the allotment status, grey market premium, and other detail

Mankind Pharma will officially launch on the BSE and NSE on May 8.

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Mankind Pharma's initial public offering, which was open for public subscription from April 25 to April 27, received a good response, with the offer being oversubscribed 15.32 times. The company received bids for 42,95,12,902 shares as against the 2,80,41,192 shares on offer. Now everyone is waiting for the company's share allotment which will be announced next week on May 3. According to a report by MoneyControl, qualified institutional investors showed a strong interest in Mankind Pharma's initial public offering, bidding 49.16 times the allotted quota. High net-worth individuals have also purchased shares, with a subscription of 3.8 times the reserved portion. However, retail investors' response has been lackluster, with only 92 per cent of reserved shares subscribed.

With 16 MF schemes and participants including Canada Pension Plan Investment Board (CPPIB), Abu Dhabi Investment Authority, Goldman Sachs, Fidelity, Blackrock, GIS, and Nomura, the company also received an encouraging response in the anchor round, the report said. 

The Rs 4,326 crore public offering was entirely a sale by the investors and the promoters. The final offer price is anticipated to be at the top end of the price band, which was Rs 1,026–1,080 per share for the offer.

Investors in the Mankind Pharma IPO can check the status of their share allocation on the BSE website or the IPO registrar's portal. Here’s how you can check the allotment status:

In the case of the IPO registrar website    

a) Select IPO "Mankind Pharma Limited"

b) Select and accordingly enter either "Application number", "Demat account number", or "PAN number"

c) Finally enter "Captcha" and click on the "Submit" button

Alternatively on the BSE portal,

a) Go to the official website of BSE. https://www.bseindia.com/investors/appli_check.aspx

b) Page is called ‘Status of Issue Application’

c) Click on the ‘Equity’ option

d) Select the option ‘Mankind Pharma’

e) Write your application number

f) Write your Permanent Account Number or PAN

g) Click on the Captcha that says ‘I am not a Robot’ and click on submit

h) After you click on the option, the details of the allotment status of your bid. The status will be visible only after the share allotment gets finalised.

By May 4, refunds will be credited to unsuccessful investors' bank accounts, and by May 5, equity shares will be transferred to demat accounts.

Mankind Pharma GMP

Mankind Pharma, which will officially launch on the BSE and NSE on May 8, is trading at a grey market premium (GMP) of between 3 to 5 per cent over the anticipated final issue price of Rs 1,080 per share, according to analysts, the MoneyControl report said. The grey market is an unofficial platform for trading in IPO shares. The premium gets fluctuated based on the sentiments in the markets.

Disclaimer: This report is meant only for information purposes. It should not be treated as a stock recommendation. Reader discretion is advised.