Offer Related Information Initial public offering of 40,058,844 equity shares of face value of Re. 1 each ("Equity Shares") of Mankind Pharma Limited ("The Company" or the "Issuer") for cash at a price of Rs. [*] per equity share ("Offer Price") aggregating to Rs. [*] crores, comprising an offer for sale of up to 3,705,443 equity shares aggregating to Rs. [*] crores by Ramesh Juneja, up to 3,505,149 equity shares aggregating to Rs. [*] crores by Rajeev Juneja, up to 2,804,119 equity shares aggregating to Rs. [*] crores by Sheetal Arora (collectively, the "Promoter Selling Shareholders"), up to 17,405,559 equity shares aggregating to Rs. [*] crores by Cairnhill Cipef Limited, up to 2,623,863 equity shares aggregating to Rs. [*] crores by Cairnhill Cgpe Limited, up to 9,964,711 equity shares aggregating to Rs. [*] crores by Beige Limited and up to 50,000 equity shares aggregating to Rs. [*] crores by Link Investment Trust (collectively, the "Investor Selling Shareholders") (the "Promoter Selling Shareholders" and the "Investor Selling Shareholders", together, the "Selling Shareholders") (the "Offer for Sale" or the "Offer"). The offer shall constitute [*]% of the post-offer paid-up equity share capital of the company. Price Band: Rs. 1026 to Rs. 1080 per equity share of the face value of Re. 1 each. The Floor price is 1026 times and the cap price is 1080 times the face value of the equity shares. Bids can be made for a minimum of 13 equity shares and in multiples of 13 equity shares thereafter.Offer Related Information Initial public offering of 40,058,844 equity shares of face value of Re. 1 each ("Equity Shares") of Mankind Pharma Limited ("The Company" or the "Issuer") for cash at a price of Rs. [*] per equity share ("Offer Price") aggregating to Rs. [*] crores, comprising an offer for sale of up to 3,705,443 equity shares aggregating to Rs. [*] crores by Ramesh Juneja, up to 3,505,149 equity shares aggregating to Rs. [*] crores by Rajeev Juneja, up to 2,804,119 equity shares aggregating to Rs. [*] crores by Sheetal Arora (collectively, the "Promoter Selling Shareholders"), up to 17,405,559 equity shares aggregating to Rs. [*] crores by Cairnhill Cipef Limited, up to 2,623,863 equity shares aggregating to Rs. [*] crores by Cairnhill Cgpe Limited, up to 9,964,711 equity shares aggregating to Rs. [*] crores by Beige Limited and up to 50,000 equity shares aggregating to Rs. [*] crores by Link Investment Trust (collectively, the "Investor Selling Shareholders") (the "Promoter Selling Shareholders" and the "Investor Selling Shareholders", together, the "Selling Shareholders") (the "Offer for Sale" or the "Offer"). The offer shall constitute [*]% of the post-offer paid-up equity share capital of the company. Price Band: Rs. 1026 to Rs. 1080 per equity share of the face value of Re. 1 each. The Floor price is 1026 times and the cap price is 1080 times the face value of the equity shares. Bids can be made for a minimum of 13 equity shares and in multiples of 13 equity shares thereafter.
What is Put Call Ratio?
The Put Call Ratio is an indicator used by Options Traders to understand the market sentiment and trader behavior for a particular underlying asset. The Put Call Ratio is derived by dividing the total open interest of Put Options by the total open positions of the Call Options.
Before you understand how to use the indicator, you must know the terminologies. The Open Interest in Futures and Options Trading means the total number of futures and options contracts that have not been cashed out by an opposing contract (i.e Buy contract is not sold and a Sell contract is not bought). Open Interest typically means the contracts that are still open or outstanding to trade.
How is PCR Calculated?
PCR is calculated by dividing the total number of the total open interest of Put Options by the total open positions of the Call Options. The PCR or PUT CALL Ratio that is derived, thus, serves as an indicator to study the market sentiment and trader behaviour.
In mathematical terms, the formula for PCR can be understood as -
PCR = Total Open Interest of Put Options / Total Open Interest of Call Options
Now, let’s simplify this with the help of an example:-
Assuming you are an Options Trader, and you need to analyse the PCR for the Nifty Index for a certain strike price.
On the day of the expiry i.e Thursday, the Open Interest data for Put and Call Option is as follows:-
- Total Open Interest on Put Contracts - 15,000
- Total Open Interest on Call Contracts - 30,000
Let’s substitute these values into the formula, so we get
PCR = 15,000 / 30,000
PCR = 0.50
In this scenario, the calculated PCR is 0.50. This means there is 0.50 Put options contract for every Call Options contract, open in the market for the Nifty Index.
As stated earlier, a PCR which is lower than 0.70 indicates a positive sentiment.
In the example above, the PCR of 0.50 is lower than 0.70. This indicates that the market might move in an upward direction, since more call options are bought as compared to put options.
How is the put call ratio affecting trading sentiment?
The PUT CALL ratio provides insights into how the market may perform. PCR indicates if the trading sentiments are positive (bullish) or negative (bearish) in nature. Based on the acquired PCR, traders can choose to trade on either side of the market, to limit their losses and place their trades on the winning side.
The PUT CALL ratio is used to decode the market movement in different ways such as -
- Contrarian Indicator
- Bullish or Bearish Signal
- Spontaneous Indicator of the market