1 week Ago
Representative image MUMBAI: Three large IPOs, all of which closed on Friday, have collectively attracted investor interest worth about Rs 2.2 lakh crore. The three companies - Vishal Mega Mart, Sai Life Sciences and One Mobikwik - had set out to mobilise Rs 11,615 crore from the public, data from the exchanges showed.
Of these three IPOs, the offer for One Mobikwik - the tech-driven payments enabler - saw a nearly 120 times demand, making it the most subscribed Rs 500-crore-plus IPO of 2024. Retail investors were the most active lot in the Mobikwik IPO. The Rs 8,000-crore offer for Vishal Mega Mart too witnessed strong investor demand.
It was subscribed a little over 27 times, garnering total demand worth Rs 1.6 lakh crore. Sai Life Sciences' IPO, which was aiming to get Rs 3,043 crore, was subscribed 10.
3 times. The offer saw a demand worth Rs 21,881 crore, exchange data showed. So far in the year, IPOs have mobilised nearly Rs 2 lakh crore, making it the biggest grossing year for such offers.
Prior to this, in 2021, nearly Rs 1.2 lakh crore was raised from the capital market through 63 offers, data from Chittorgarh showed. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!.
