BAJAJ BROKING

Notification
No new Notification messages
Wagons Learning IPO is Open!
Apply for the Wagons Learning IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Mankind Pharma Launches ₹3,000-Crore QIP to Fund BSV Acquisition

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Mankind Pharma plans a ₹3,000-crore QIP at ₹2,520/share, causing a 2.9% equity dilution. Funds will repay debt linked to its ₹14,000-crore Bharat Serums acquisition.


Mankind Pharma is gearing up to launch a Qualified Institutional Placement (QIP) to raise ₹3,000 crore. The issue price is expected to be approximately ₹2,520 per share, resulting in an estimated 2.9% equity dilution post-issue. The funds will primarily be used to repay debt incurred during the ₹14,000-crore acquisition of Bharat Serums and Vaccines (BSV).

Also read: Gravita India Launches ₹750-Crore QIP at ₹2,206.49/Share Floor Price

MANKIND PHARMA LIMITED

Trade

2385.8-79.50 (-3.22 %)

Updated - 02 May 2025
2468.00day high
DAY HIGH
2358.70day low
DAY LOW
380164
VOLUME (BSE)

Key Takeaways

  • QIP Details: ₹3,000 crore at ₹2,520/share, 2.9% equity dilution expected.

  • Purpose: Debt repayment for BSV acquisition.

  • Mankind Pharma Share Price: Shares recently settled at ₹2,686.05 on NSE, reflecting a strong 35% YTD gain.

Also read: ADIA to Divest ₹1,903-Crore Stake in Mindspace REIT at ₹350/Share

Mankind Pharma’s Bharat Serums acquisition

The ₹14,000-crore acquisition of Bharat Serums and Vaccines was financed through a mix of reserves, loans, and the upcoming QIP. Mankind Pharma allocated ₹4,000 crore from its reserves, while ₹7,000 crore was secured via loans. The remaining ₹3,000 crore will be raised through the QIP, bolstering its financial stability for long-term growth.

Q2 performance and financial highlights

Mankind Pharma posted impressive financial results for Q2 FY25, showing robust growth across key metrics:

Metric

Q2 FY25

Q2 FY24

Growth (%)

Net Profit

₹653.5 crore

₹501 crore

30.4%

Revenue from Operations

₹3,076.5 crore

₹2,708.1 crore

13.6%

EBITDA

₹850 crore

₹682.6 crore

24.5%

IPO and market performance

Mankind Pharma’s IPO in April 2023 marked one of the biggest public offerings by a pharma company in recent years, raising ₹4,326 crore. Since its listing at ₹1,300 per share, the Mankind Pharma share price has surged over 90%, delivering a strong return to investors. The stock settled at ₹2,686.05 on Monday, up 1.7%, reflecting continued investor confidence.

Mankind Pharma’s ₹3,000-crore QIP underscores its strategic focus on managing its debt burden while maintaining strong financial performance. With the recent BSV acquisition and steady growth across key metrics, the company remains poised for long-term success.

Also read: HCC Launches ₹400-Crore QIP with Floor Price of ₹45

Do you have a trading account app or demat account app?

You can open an account with Bajaj Broking in minutes.

Download the Bajaj Broking app now from Play Store or App Store.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

9.5 lakh+ Users

icon-with-text

4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4400+ Cr MTF Book

icon-with-text