Mobikwik shares debut at a 59% premium; how did Vishal Mega Mart and Sai Life perform?
Shares of One Mobikwik Systems, Vishal Mega Mart, and Sai Life Sciences debuted on Dalal Street on Wednesday. All three companies had their issues open for bidding from December 11 to December 13, collectively raising ₹11,615 crore in the primary market. These offerings received a strong response from investors.
One Mobikwik Systems' shares were listed at ₹442.25 on the Bombay Stock Exchange (BSE), representing a premium of 58.51% over the issue price of ₹279. Similarly, on the National Stock Exchange (NSE), trading began with a premium of 57.71% over the issue price, opening at ₹440.
The listing of One Mobikwik Systems was in line with expectations. Prior to its debut, the shares were commanding a grey market premium of ₹160, indicating a potential listing gain of approximately 55-57% for investors. However, this grey market premium slightly adjusted amid increasing market volatility.
