Mumbai6 hours ago
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Today is the last day of bidding for the IPOs of One MobiKwik Systems Limited, Vishal Mega Mart Limited and Sai Life Sciences Limited. By 4:30 pm on the last day, One MobiKwik Systems’ IPO 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 Buyers (QIB) category and 125.82 times in the Non-Institutional Investors (NII) category. Whereas, Vishal Mega Mart’s IPO was subscribed total 28.72 times. The 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.
Whereas, the IPO of Sai Life Sciences was subscribed a total of 10.23 times. 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. Shares of the three companies will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 18. Let us know about the IPOs of the three companies one by one…
1) One MobiKwik Systems Limited One Mobikwik Systems Limited wants to raise total ₹572 crore through IPO. For this, the existing investors of the company are selling 20,501,792 shares worth ₹ 572 crore through Offer for Sale i.e. OFS. One MobiKwik Systems is not issuing any fresh shares for the IPO.
Retail investors could bid for maximum 689 shares One MobiKwik Systems Limited had fixed the IPO price band at ₹265-₹279. Retail investors could bid for a minimum of one lot i.e. 53 shares. If you had applied for 1 lot at the upper price band of IPO at ₹ 279, you would have had to invest ₹ 14,787.
At the same time, retail investors could apply for a maximum of 13 lots i.e. 689 shares. For this, investors would have to invest ₹ 192,231 as per the upper price band.
Fintech company Mobikwik was established in March 2008. MobiKwik is a fintech company, founded in March 2008. The company provides prepaid digital wallet and online payment service, through which customers can make other payments including mobile recharge, electricity bill and credit card payment. The MobiKwik application also provides digital credit, investment and insurance products, expanding the utility of the platform for both new and existing customers.
As of June 30, 2024, the company had 161.03 million registered users and 4.26 million merchants accepting payments both online and offline.
2) Vishal Mega Mart Limited Vishal Mega Mart Limited wants to raise total ₹8,000 crore through IPO. For this, the existing investors of the company are selling 1,025,641,025 shares worth ₹ 8,000 crore through Offer for Sale i.e. OFS. Vishal Mega Mart is not issuing even a single fresh share for the IPO.
Retail investors could bid for maximum 2470 shares Vishal Mega Mart had fixed the price band of this issue at ₹74-₹78. Retail investors could bid for a minimum of one lot i.e. 190 shares. If you had applied for 1 lot as per the upper price band of IPO of ₹78, you would have had to invest ₹14,820.
At the same time, retail investors could apply for a maximum of 13 lots i.e. 2470 shares. For this, investors would have to invest ₹ 192,660 as per the upper price band.
Vishal Mega Mart premium in gray market 16.67% Before the IPO opened, the company’s shares had reached a premium of 16.67% i.e. ₹ 13 per share in the gray market. In such a situation, according to the upper price band of ₹ 78, its listing can be at ₹ 91. However, this is only an estimate, the listing price of a share is quite different from the gray market price.
The company has more than 600 stores in 391 cities. Vishal Mega Mart was established in 2001. It is a hypermarket chain that sells products including apparel, grocery, electronics and home essentials. As of September 30, 2024, the company had more than 600 stores and 16,537 employees in 391 cities in the country. Along with this, the company also sells its products through mobile app and website.
3) Sai Life Sciences Limited Sai Life Sciences Limited wants to raise total ₹3,042.62 crore through IPO. For this, the existing investors of the company are selling 38,116,934 shares worth ₹ 2,092.62 crore through Offer for Sale i.e. OFS. At the same time, Sai Life Sciences is issuing 17,304,189 fresh shares worth ₹950 crore.
Retail investors could bid for maximum 351 shares Sai Life Sciences Limited had fixed the IPO price band at ₹522-₹549. Retail investors could bid for a minimum of one lot i.e. 27 shares. If you had applied for 1 lot at the upper price band of IPO of ₹ 549, you would have had to invest ₹ 14,823.
At the same time, retail investors could apply for a maximum of 13 lots i.e. 351 shares. For this, investors would have to invest ₹ 192,699 as per the upper price band.
Sai Life Sciences Limited was established in January 1999. Sai Life Sciences Limited, established in January 1999, researches, develops and manufactures small molecule novel chemical entities. The company provides special services to biotech firms and global pharma companies.
