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Mobikwik, Vishal Mega Mart, Sai Life Sciences make blockbuster market debut
The New Indian Express Tirunelveli|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.

Diese Geschichte stammt aus der December 19, 2024-Ausgabe von The New Indian Express Tirunelveli.

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Mobikwik, Vishal Mega Mart, Sai Life Sciences make blockbuster market debut
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Diese Geschichte stammt aus der December 19, 2024-Ausgabe von The New Indian Express Tirunelveli.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

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