Vishal Mega Mart vs MobiKwik vs Sai Life Sciences: Strong IPO Debuts Reward Investors
The Indian stock market witnessed a wave of excitement on December 18, 2024, as three major IPOs made their trading debut with impressive gains. One MobiKwik Systems Ltd, Vishal Mega Mart Ltd, and Sai Life Sciences Ltd all listed at significant premiums, boosting investor sentiment and delivering strong returns for those who subscribed to these offerings.
MobiKwik: A 58% Premium on Listing
Shares of One MobiKwik Systems Ltd, a fintech giant, listed at a stellar 58% premium, opening at ₹440 per share on the NSE, compared to the IPO price of ₹279. This premium was a pleasant surprise for retail investors, who were allotted a minimum of 53 shares per lot. As a result, investors saw immediate gains of ₹8,533 per lot.
For small non-institutional investors (NIIs), who had to apply for a minimum of 14 lots, their total gains amounted to ₹1,19,462. Big NIIs, who bid for a minimum of 68 lots, earned a remarkable ₹5,80,244 in listing gains.
By the end of the day, MobiKwik shares surged 20%, reaching their upper circuit limit at ₹528 per share, making it one of the top performers on its listing day.
Vishal Mega Mart: 33% Premium at Listing
The Vishal Mega Mart IPO also saw a solid debut with shares opening at ₹104, a 33% premium over the IPO price of ₹78. Retail investors, who applied for the minimum lot size of 190 shares, saw listing gains of ₹4,940 per lot. Small NIIs, who applied for 14 lots, earned ₹69,160, while big NIIs, applying for 68 lots, saw gains of ₹3,35,920.
By the close of trading, Vishal Mega Mart shares ended at ₹111.88, marking a 7.58% increase from the listing price.
Sai Life Sciences: 18% Listing Premium
Sai Life Sciences Ltd, a leader in the pharmaceutical sector, made its debut with shares opening at ₹650, an 18.4% premium to the IPO price of ₹549. Retail investors who applied for the minimum lot size of 27 shares enjoyed gains of ₹2,727 per lot. Small NIIs, applying for 14 lots, earned ₹38,178, while big NIIs, applying for 68 lots, saw gains of ₹1,85,436.
By the end of the session, Sai Life Sciences shares had climbed to ₹768, marking an 18.15% gain from the opening price.
A Closer Look at the IPOs
MobiKwik:
MobiKwik raised ₹572 crore from its IPO, which will be used to fund growth in the fintech and payments sectors. The company plans to invest in areas such as data, machine learning, AI, and payment devices.
Vishal Mega Mart:
With an IPO raising ₹8,000 crore, Vishal Mega Mart's issue was an offer-for-sale (OFS), meaning the company will not receive any proceeds. The funds raised are solely for the selling shareholders.
Sai Life Sciences:
Sai Life Sciences raised ₹3,042.62 crore from its IPO, consisting of both fresh issuance and an offer-for-sale (OFS). The proceeds from the fresh issuance will be used for repaying outstanding borrowings and for general corporate purposes.
Conclusion: A Bumper Day for Investors
Investors who participated in the IPOs of MobiKwik, Vishal Mega Mart, and Sai Life Sciences were richly rewarded with strong listing gains. As the market continues to react positively to these IPOs, retail and institutional investors alike are likely to keep a close eye on future offerings
Reference from:- https://upstox.com/news/market-news/ipo/vishal-mega-mart-vs-mobikwik-vs-sai-life-sciences-check-out-the-listing-gains-for-investors-as-shares-make-strong-debut/article-135781/