Both Vishal Mega Mart and Mobikwik will open their offer on December 11 and close the issue on December 13. While Vishal Mega Mart is in the business of hypermarkets selling a variety of consumer products, Mobikwik is a fintech company providing prepaid digital wallets and online payment services. Here are key points about Vishal Mega Mart as well as Mobikwik:
Vishal Mega Mart IPO – GMP, price band, and other details
The company aims to raise Rs 8,000 crore by offloading 102.56 crore shares of promoters and other selling shareholders. This means the raised money will go to the pockets of promoters and selling shareholders. The IPO price band ranges between Rs 74 to Rs 78 per equity share.
Also ReadVishal Mega Mart IPO GMP, Price Band, Subscription Status Live Updates
Vishal Mega Mart is a one-stop destination for middle and lower-middle-income India. They curate a diverse range of merchandise through their portfolio of own brands and third-party brands to fulfil the aspirational and daily needs of consumers. They offer products across three major product categories, i.e., apparel, general merchandise, and fast-moving consumer goods, through a pan-India network.
Also Read Vishal Mega Mart IPO Subscription Status Live Updates: Check GMP price, allotment, listing, and other details Mobikwik IPO GMP, Subscription Status Live Updates: Check allotment, listing, and other details LG Electronics India files for IPO, may raise Rs 15,000 crore One MobiKwik Systems IPO opens on December 11: Check price band, GMP, key risks, and 6 other details about the issue
“At the upper price band, the company is valuing at P/E of 67.83x, with an EV/EBITDA of 28.1x and a market cap of Rs 35,168 crore post issue of equity shares and return on net worth of 8.18%. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO,” said Anand Rathi Research in an IPO note.
Mobikwik IPO – GMP, price band, and other details
On the other hand, the issue of Mobikwik is entirely a sale of 2;05 crore fresh shares, which means the raised amount will go to the company. The company’s purpose in raising proceeds is to fund growth in the financial services business; capex for the payment services business;
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