The IPO momentum continues in December. MobiKwik, Vishal Mega Mart, Inventurus Knowledge Solutions, and Sai Life Sciences, all having significant investor interest along with oversubscription made a debut this month. The NTPC Green Energy IPO concluded in November but the counter continues to attract investor interest. Here’s a look at the top IPOs that are trending across Google in December.
MobiKwik IPO Surges on Debut
Mobikwik, a digital payment platform, opened its IPO on 11 December 2024 and closed on 13 December 2024. The IPO got a total of 125.69 times of subscription with getting most from the Retail investors followed by Qualified and Non-Institutional buyers 125.82 and 114.7 respectively.
The shares were listed on the exchanges on December 18, opening at Rs 440 on the NSE, with a premium of 57.71 per cent. The stock surged by 85 per cent, reaching Rs 525, pushing the company’s valuation to Rs 40 billion.
Also Read Inventurus Knowledge Solutions IPO: This Rekha-Jhunjhunwala backed IPO opens tomorrow- Price band, GMP, and other key details Vishal Mega Mart IPO Subscription Status Highlights: Check GMP price, allotment, listing, and other details One MobiKwik Systems IPO opens on December 11: Check price band, GMP, key risks, and 6 other details about the issue This Rekha Jhunjhunwala-backed IPO is making its debut this week – Know more about it
Also ReadAre markets closed on December 25, 2024?
Vishal Mega Mart’s Strong Market Debut
The bidding for Vishal Mega Mart IPO issue started on 11 December 2024 and closed on 13 December 2024. The issue saw a total subscription of 28.75 times, mostly subscribed by Qualified Institutional investors with 85.11 times.The company raised a sum of Rs 8,000 crore in the primary market.
Vishal Mega Mart shares were listed on December 19, 2024, at Rs 110 on the BSE, a 41 per cent premium over the issue price, and at Rs 104 on the NSE, a 33.33 per cent premium. The company’s valuation soared to Rs 35,168 crore. However, Vishal Mega Mart shares fell 5.8 per cent on the next day t, reaching an intraday low of Rs 105.37 on the BSE.
Inventurus Knowledge Solutions Lists at Premium
The Inventurus IPO bidding started from December 12,
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