The Initial Public Offers (IPOs) of Vishal Mega Mart Limited, One Mobikwik Systems Limited and Sai Life Sciences Limited will open on December 11. Retail investors will be able to bid for all three IPOs till December 13. On December 18, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Let’s know about the IPOs of all three companies one by one… 1) Vishal Mega Mart Limited Vishal Mega Mart Limited wants to raise a total of ? 8,000 crores through IPO. For this, the existing investors of the company are selling 1,025,641,025 shares worth the entire ? 8,000 crores through Offer for Sale (OFS). Vishal Mega Mart is not issuing a single fresh share for the IPO. Retail investors can bid for a maximum of 2470 shares. Vishal Mega Mart has fixed the price band of this issue at ? 74-? 78. Retail investors can bid for a minimum of one lot i.e. 190 shares. If you apply for 1 lot as per the IPO’s upper price band of ?78, then you will have to invest ?14,820 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 2470 shares. For this, investors will have to invest ?192,660 as per the upper price band. Vishal Mega Mart’s premium in the grey market is 16.67% Before the IPO opened, the company’s stock has reached a premium of 16.67% i.e. ?13 per share in the grey market. In such a situation, according to the upper price band of ?78, its listing can happen at ?91. However, this is only an estimate, the listing price of the share is quite different from the grey market price. The company has more than 600 stores in 391 cities Vishal Mega Mart was established in 2001. It is a hypermarket chain that sells products including apparel, grocery, electronics and home essentials. As of 30 September 2024, the company had more than 600 stores and 16,537 employees in 391 cities of the country. Along with this, the company also sells its products through mobile app and website. 2) One Mobikwik Systems Limited One Mobikwik Systems Limited wants to raise a total of ? 572 crore through IPO. For this, the existing investors of the company are selling 20,501,792 shares worth the entire ? 572 crore through Offer for Sale i.e. OFS. One Mobikwik Systems is not issuing a single fresh share for the IPO. Retail investors can bid for a maximum of 689 shares One MobiKwik Systems Limited has fixed the price band of the IPO at ?265-?279. Retail investors can bid for a minimum of one lot i.e. 53 shares. If you apply for 1 lot as per the IPO’s upper price band of ?279, then you will have to invest ?14,787 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 689 shares. For this, investors will have to invest ?192,231 as per the upper price band. MobiKwik is a fintech company established in March 2008. The company provides prepaid digital wallet and online payment services through which customers can make payments for mobile recharge, electricity bills and credit card payments, among others. The MobiKwik application also provides digital credit, investment and insurance products, expanding the utility of the platform for both new and existing customers. As of June 30, 2024, the company had 161.03 million registered users and 4.26 million merchants accept payments both online and offline. 3) Sai Life Sciences Limited Sai Life Sciences Limited wants to raise a total of ? 3,042.62 crore through IPO. For this, the existing investors of the company are selling 38,116,934 shares worth ? 2,092.62 crore through Offer for Sale i.e. OFS. At the same time, Sai Life Sciences is issuing 17,304,189 fresh shares worth ? 950 crore. Retail investors can bid for a maximum of 351 shares Sai Life Sciences Limited has fixed the price band of the IPO at ?522-?549. Retail investors can bid for a minimum of one lot i.e. 27 shares. If you apply for 1 lot as per the IPO’s upper price band of ?549, then you will have to invest ?14,823 for it. On the other hand, retail investors can apply for a maximum of 13 lots i.e. 351 shares. For this, investors will have to invest ?192,699 as per the upper price band. Sai Life Sciences Limited, established in January 1999, Sai Life Sciences Limited researches, develops and manufactures new chemical entities containing small molecules. The company provides specialized services to biotech firms and global pharma companies. What is an IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
