Before companies get listed on the stock market, they issue an Initial Public Offering (IPO) to raise funds.
Currently, three IPOs—Vishal Mega Mart, Sai Life Sciences, and Mobikwik—are open for investment. However, these IPOs will close for subscription today at 5 PM.
Vishal Mega Mart IPO
The Vishal Mega Mart IPO opened on December 11, and today is the last day to invest. This IPO is entirely an offer for sale, with a total size of ₹8,000 crore.
The price band for this IPO is set between ₹74 and ₹78. As of the second day of subscription, the IPO was fully subscribed except for the QIB (Qualified Institutional Buyers) category.
In the grey market, Vishal Mega Mart IPO is performing well, with a premium of ₹16 today. This suggests the share might list at ₹82.
Mobikwik IPO
The IPO for One Mobikwik Systems Limited, a leading fintech company, also closes today. The price band for this IPO is ₹265 to ₹279 per share. Investor interest has been high, with the IPO being subscribed 21.67 times by the second day.
In the grey market, Mobikwik shares are trading at a premium of ₹156, which indicates a 50% premium over the issue price.
Sai Life Sciences IPO
The Sai Life Sciences IPO, with a price band of ₹522 to ₹549 per share, has also garnered good investor response. By the second day, this IPO was subscribed 1.26 times. The company’s shares are scheduled to list on December 18, 2024.
In the grey market, the Sai Life Sciences IPO is trading at a premium of ₹19, reflecting positive market sentiment.