list of 3 shares : Shares of Vishal Megamart, One Mobivik and Sai Life Sciences entered the Indian stock market on Wednesday. Shares of all three companies got an overwhelming response from investors in the market. Despite the fall in Sensex and Nifty, all three stocks appeared in the green.
Vishal Mega Mart shares listed with a rise of 41 percent from the issue price: Shares of Vishal Mega Mart, which runs big shops for household goods, were listed in the market on Wednesday with a rise of 41 percent from its issue price of Rs 78.ALSO READ: Share Market: Increase in share market for the third day, Sensex rises by 597 points, Nifty closes at 181
The stock was listed at Rs 110 on BSE, up 41 per cent from the issue price. Later it reached Rs 110.95 with a gain of 42.24 percent. It debuted at Rs 104 on the NSE, up 33.33 per cent from the issue price. The market valuation of the company stood at Rs 48,644.57 crore.
Vishal Mega Mart’s initial public offering (IPO) was subscribed 27.28 times on Friday, the last day of share sale. The price range for the company’s Rs 8,000 crore IPO was Rs 74-78 per share.
One MobiKwik Systems shares listed with over 58 percent jump: Shares of financial technology company One MobiKwik Systems Ltd were listed on the market on Wednesday with a jump of more than 58 per cent from its issue price of Rs 279.ALSO READ: Share bazaar: Sensex and Nifty rose due to rise in Adani and other shares
The stock was listed at Rs 442.25, up 58.51 per cent on BSE. Later it rose 87.81 percent to Rs 524. The stock opened at Rs 440 on NSE with a jump of 57.70 per cent. The market valuation of the company stood at Rs 3,435.68 crore.
The initial public offering (IPO) of One MobiKwik Systems Limited was subscribed 119.38 times on the last day of bidding last Friday. The price range of the company’s Rs 572 crore IPO was Rs 265-279 per share.
Sai Life Sciences shares listed with more than 20 percent gain: Shares of Sai Life Sciences were listed on the market on Wednesday with a jump of 20 percent from its issue price of Rs 549. The share was listed at Rs 660 on BSE with a gain of 20.21 percent. After this it rose by 27.86 percent to reach Rs 702. The stock opened at Rs 650 with a gain of 18.39 per cent on NSE. The market valuation of the company stood at Rs 14,493.75 crore.
The initial public offering (IPO) of Sai Life Sciences was subscribed 10.26 times till Friday, the third and last day of share sale. The company’s IPO was a combination of fresh shares worth Rs 950 crore and an offer for sale (OFS) of 3.81 crore shares worth Rs 2,092 crore. The price range for this was fixed at Rs 522-549 per share.(Language)
Edited by: Ravindra Gupta
