Three Mainboard IPOs Open for Subscription: Vishal Mega Mart, Mobikwik, and Sai Life Sciences
Kolkata, December 11 (Alayaran.com) - The Indian stock market witnessed a strong demand from investors for three mainboard IPOs, namely Vishal Mega Mart, Mobikwik, and Sai Life Sciences, which opened for subscription on Monday. According to grey market trends, both Mobikwik and Vishal Mega Mart shares have shown healthy interest among investors, while Sai Life Sciences is trading at a modest premium.
The Indian stock market witnessed significant demand for these IPOs, with the estimated listing prices of Mobikwik and Vishal Mega Mart being ₹429 and ₹100, respectively. On the other hand, Sai Life Sciences is expected to list at a premium of 7.3% of its IPO price band of ₹522-549.
Industry sources reported that the grey market premium (GMP) of stock reflects investor sentiment and demand for the company's shares before their debut on the bourse. The latest GMP figures demonstrate the enthusiasm among investors towards these three mainboard IPOs.
Mobikwik IPO Details:
- Issue size: ₹572 crore
- Equity shares offered: 2.05 crore
- Price band: ₹265 to ₹279 per share
- Lead managers: SBI Capital Markets and Dam Capital Advisors Ltd
- Registrar: Link Intime India
- Listing price expected: ₹429, a premium of 53.8% over the IPO price band
Vishal Mega Mart IPO Details:
- Issue size: Approximately ₹2,700 crore (as part of Samayat Services LLP's offer for sale of ₹8,000 crore)
- Equity shares offered: Not specified
- Price band: ₹74 to ₹78 per equity share with a face value of ₹10
- Lead managers: Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India
- Registrar: KFin Technologies Limited
Sai Life Sciences IPO Details:
- Issue size: ₹3,043 crore
- Equity shares offered: Not specified
- Price band: ₹522-549 per share
- Lead managers: Kotak Mahindra Capital Company Limited, Jefferies India Private Limited, Morgan Stanley India Company Pvt Ltd, and IIFL Securities Ltd
- Registrar: KFin Technologies Limited
These IPOs offer a promising opportunity for investors to diversify their portfolios with growth-oriented companies. As these stocks make their market debut, it's essential to monitor the stock performance in relation to the estimated listing prices and grey market premium.