IPO Offerings: The IPOs of Vishal Mega Mart Limited, Sai Life Sciences Limited and One MobiKwik Systems have received a strong response from investors. On the last day of investment in the IPO, the IPO of One MobiKwik Systems Limited has been subscribed 103 times after the tremendous support received from all three categories of investors. Vishal Mega Mart IPO has received tremendous support from institutional and non-institutional investors and the IPO has been subscribed almost 20 times. But the IPO of Sai Life Sciences Limited has received a lackluster response and this IPO has been subscribed only 7.50 times.
Bumper listing of MobiKwik Systems IPO possible
Among the three big IPOs, One MobiKwik Systems’ IPO has got the support of the best investors. In which the category of retail investors has subscribed more than 100 times and 125 times. The category of non-institutional investors has been subscribed 106 times and the reserve quota for institutional investors has been subscribed 93 times. MobiKwik Systems is raising Rs 572 crore from the market through IPO. For shares with face value of Rs 2, the company has fixed the price band of Rs 265-279 per share. Investors can apply for a minimum of one lot of 53 shares. The IPO will be listed on the stock exchange on December 18.
Vishal Mega Mart got strong response
Vishal Mega Mart’s IPO has been subscribed 20 times. In this IPO, the category of institutional investors is subscribed 42 times and the category of non-institutional investors is subscribed 13.50 times. The category of retail investors has been subscribed only 2 times. The size of Vishal Mega Mart’s IPO is Rs 8000 crore. The company has fixed the price band of IPO at Rs 74-78 per share. There is a lot size of 190 shares. This IPO is also expected to be listed on December 18.
Lackluster performance of Sai Life Sciences IPO
In this crowd of IPOs, Sai Life Sciences Limited IPO has been subscribed only 6 times. According to BSE data, the IPO of Sai Life Sciences was subscribed 16 times by institutional investors, 4.45 times by non-institutional investors and 1.08 times by retail investors. Overall the IPO could be filled 6 times. The company has fixed the price band of Rs 522 to Rs 549 per share. Investors can apply for a minimum of one lot of 27 shares. The company will be listed on the stock exchange on December 18.
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