Mobikwik, Vishal Mega Mart, Sai Life Sciences make blockbuster market debut
The New Indian Express Tiruchy|December 19, 2024
FINTECH firm One MobiKwik Systems made a blockbuster debut on the stock exchanges on Wednesday as its shares got listed at ₹440 apiece on the NSE, a significant premium of 57.71% against the issue price of ₹279.
ARSHAD KHAN @ New Delhi

The stock hit the upper circuit and closed at ₹528, a 20% increase from the listing price. Following the gain, the market cap of MobiKwik nearly doubled to ₹4,101 crore when compared to the valuation pegged at the upper end of the issue price. The gain made by MobiKwik is on expected lines given the IPO was oversubscribed, with bids totalling approximately $4.7 billion, about 120 times the shares offered. Its unlisted shares were also commanding a premium in the grey market.

هذه القصة مأخوذة من طبعة December 19, 2024 من The New Indian Express Tiruchy.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 19, 2024 من The New Indian Express Tiruchy.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS TIRUCHY مشاهدة الكل
The New Indian Express Tiruchy

Obstinate Guv delays V-C appointment: Teachers

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The New Indian Express Tiruchy

IMA to launch job portal on Friday

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1 min  |
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The New Indian Express Tiruchy

Atrocities in the name of Dharma due to ignorance

DAYS after expressing concern over the resurgence of temple-mosque disputes threatening to disrupt communal harmony, Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Sunday said that all acts of persecution and atrocities committed in the name of Dharma (religion) were due to lack of true comprehension of Dharma.

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1 min  |
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The New Indian Express Tiruchy

2-year 'probation' for new drivers in Kerala soon

STARTING next year, it won't be all smooth sailing for those receiving their driver's licence in Kerala.

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The New Indian Express Tiruchy

India, Kuwait now strategic partners

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The New Indian Express Tiruchy

I Know How to Play Real Characters

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The New Indian Express Tiruchy

Of Our Non-violent Ancestors

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The New Indian Express Tiruchy

The Corrosive Power of Pride

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The New Indian Express Tiruchy

Market on the Sands

The Rathgama Wella Fish Market

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The New Indian Express Tiruchy

Market on the Sands

The Rathgama Wella Fish Market

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December 22, 2024