Shares of Manforce condom maker Mankind Pharma Ltd surged as much as 23% 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.
surged as much as 23% in debut trading on Tuesday, valuing the company at 531.58 billion rupees , 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.
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