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Mankind Files For IPO; Promoters, Early Investors To Participate

ChrysCapital-backed healthcare player Mankind Pharma has filed draft papers for its initial public offering with markets regulator Securities and Exchanges Board of India (Sebi), comprising of an OFS (offer for sale) of 4 crore equity shares.

The Manforce Condoms-maker’s IPO size is likely to be $750 million-1 billion, according to people aware of the development. 

According to the Draft Red Herring Prospectus (DRHP), Mankind founder Ramesh Juneja will sell up to 37.05 lakh shares as part of OFS, followed by other promoters including Rajeev Juneja and Sheetal Arora are planning to sell about 35.05 lakh and 28.04 lakh shares respectively.

Source :- https://www.vccircle.com/mankindfiles-for-ipo-promoters-early-investors-to-participate

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