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Mankind Pharma IPO : Police Complaint Against IPO Fraud At Mumbai Police Station

 



Mumbai: Mankind Pharma Delhi Based Company has launched IPO of Rs 4300 Cr Approx IPO . The SEBI has given observation as per ICDR regulation. Naveen Saxena AGM Corporate Finance Department  Of SEBI has issued observation and directed them to comply. As per IPO terminology observations means objection. Inspite to clear objection and take NOC  the Mankind Pharma Filed prospectus before ROC delhi and issue process to list IPO. Complainant made complaint to Mankind that many compliance is pending as per SEBI norms but company denied information about such compliance. The CFD SEBI also given silence approval to gohead .  The Police complaint is filed before BKC Police Station Mumbai under SEBI Jurisdiction to register FIR under IPC 420 ,467,468,120b,34,406,409,155A etc against directors and SEBI Officer Naveen Saxena under CRPC 154. Now the police has to do preliminary inquiry within 2 weeks as per SC Lalita Kumari Constitution bench order . It is against the interest of small investor to launch IPO without compliance. 


EventTentative Date
Opening DateApr 25, 2023
Closing DateApr 27, 2023
Basis of AllotmentMay 3, 2023
Initiation of RefundsMay 4, 2023
Credit of Shares to DematMay 5, 2023
Listing DateMay 8, 2023
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

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