The shares of One Mobikwik Systems Limited, Vishal Mega Mart Limited and Sai Life Sciences Limited were listed in the market today i.e. December 18. A MobiKwik share is listed at Rs 440 on NSE at a premium of 57.7%. While on the BSE, it is listed at Rs 442.25 with a premium of 58.5%. Its issue price was Rs 279.
Vishal Mega Mart gave 33% return Vishal Mega Mart shares were listed on NSE at Rs 104 at a premium of 33.3%. While the listing on the BSE was at Rs 110 with a premium of 41.03%. Its issue price was Rs 78.
Sai Life Sciences shares listed up 18% Shares of Sai Life Sciences were listed on NSE at Rs 650 at a premium of 18.4%. While listed on BSE, they were quoted at Rs 657.25 at a premium of 19.7%. Its issue price was Rs 549.
MobiKwik Systems IPO subscribed a total of 125.02 times
An IPO of MobiKwik Systems was subscribed a total of 125.02 times. The issue was subscribed 138.42 times in the retail category, 138.42 times in the qualified institutional buyer (QIB) category and 125.82 times in the non-institutional investor (NII) category. The total IPO of Vishal Mega Mart was subscribed 28.72 times. This issue was subscribed 2.37 times in the retail category, 85.11 times in the QIB category and 15.00 times in the NII category. The Sai Life Sciences IPO was subscribed 10.23 times in total. The issue was subscribed 1.30 times in the retail category, 29.78 times in the QIB category and 4.99 times in the NII category.
What is IPO? When a company issues its shares to the general public for the first time, it is called an initial public offering, i.e. an IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises funds by selling some shares to the public or issuing new shares. For this, the company brings an IPO.