Strong Market Debut: MobiKwik, Vishal Mega Mart, and Sai Life Sciences Deliver Impressive Listing Gains for Investors


 The primary market witnessed a wave of enthusiasm as shares of One MobiKwik Systems LtdVishal Mega Mart Ltd, and Sai Life Sciences Ltd made a remarkable debut on the stock exchanges on Wednesday, December 18. Investors who participated in these three IPOs, held between December 11 and December 13, saw significant listing gains.

Here’s a detailed breakdown of how retail and high-net-worth individuals (HNIs) benefitted from these stellar IPOs:

One MobiKwik Systems IPO

  • Listing Performance: MobiKwik shares debuted with a premium of nearly 58%, opening at ₹440 on the NSE compared to the IPO price of ₹279.
  • Retail Gains: For retail investors allotted the minimum lot of 53 shares, the listing gain amounted to ₹8,533 (₹161 x 53).
  • NII Gains: Small non-institutional investors (minimum 14 lots) made ₹1,19,462, while large NIIs (minimum 68 lots) earned ₹5,80,244 in notional profits.
  • Closing Price: The stock hit its upper circuit at ₹528, ending 20% higher on its debut.
  • Funds Raised: MobiKwik raised ₹572 crore through its IPO. The company plans to use these funds to expand its financial and payment services, enhance data and AI capabilities, invest in technology and payment devices, and for general corporate purposes.

Vishal Mega Mart IPO

  • Listing Performance: Shares of Vishal Mega Mart opened at ₹104, a 33% premium over the IPO price of ₹78 per share.
  • Retail Gains: Investors who bid for the minimum lot size of 190 shares earned a profit of ₹4,940.
  • NII Gains: Small NIIs (14 lots) gained ₹69,160, while large NIIs (68 lots) made ₹3,35,920.
  • Closing Price: The stock ended 7.58% higher at ₹111.88 on the NSE.
  • Funds Raised: The ₹8,000 crore IPO was an offer-for-sale (OFS) by the promoter shareholder, meaning Vishal Mega Mart did not receive any proceeds from the issue.

Sai Life Sciences IPO

  • Listing Performance: Sai Life Sciences shares opened at ₹650, reflecting an 18.4% premium over the IPO price of ₹549.
  • Retail Gains: Retail investors with the minimum lot of 27 shares earned ₹2,727 (₹101 x 27) in listing gains.
  • NII Gains: Small NIIs (14 lots) gained ₹38,178, while large NIIs (68 lots) saw gains of ₹1,85,436.
  • Closing Price: The stock ended the day 18.15% higher at ₹768 per share.
  • Funds Raised: The IPO raised ₹3,042.62 crore, combining a fresh issuance of ₹950 crore and an OFS of ₹2,092.62 crore. Proceeds from the fresh issuance will be utilized to repay/prepay certain borrowings and for general corporate purposes.

Investor Takeaway

These IPOs highlight the robust demand for promising companies in the primary market. While MobiKwik’s strong digital growth narrative, Vishal Mega Mart’s retail dominance, and Sai Life Sciences’ pharmaceutical innovation drew investor interest, the stellar listing gains have further cemented their appeal.

Retail and HNI investors alike enjoyed significant returns, making these IPOs a lucrative opportunity for those who participated. As these companies chart their growth trajectories, their market performance will be closely watched by stakeholders.

Popular posts from this blog

Vishal Mega Mart IPO: Defying the Quick Commerce Wave with Confidence

Auto Stocks Slide as November Retail Sales Disappoint

Indian Markets Continue Winning Streak Amid Mixed Global Cues