3 IPOs close with bumper Rs 2.22 lakh crore demand

Mumbai: Three initial public offerings (IPOs)-Vishal Mega Mart, One MobiKwik Systems, and Sai Life Sciences-closed on Friday with good response from investors as total demand reached Rs 2.22 lakh crore excluding anchor book.

The Rs 8,000-crore IPO of Vishal Mega Mart, priced at Rs 74-78 per share was subscribed 27.28 times, generating a demand of Rs 1.61 lakh crore. The issue was entirely an offer-for-sale (OFS). Retail portion and non-institutional investors' (NIIs) portion were subscribed 2.3 and 14.2 times, respectively. The qualified institutional buyers' (QIBs) portion was subscribed 80.8 times.

The Rs 572-crore IPO of One MobiKwik Systems, priced at Rs 265-279 per share, was entirely a fresh issue and was subscribed 119.4 times, generating bids worth Rs 39,542 crore. The issue received bids of 141.73 crore shares against the offered 1.19 crore equity shares. The retail portion was subscribed 134.7 times, while QIBs subscribed to the issue 119.5 times. NIIs subscribed 109 times.


The Rs 3,043-crore IPO of Sai Life Sciences, priced at Rs 522-549 per share, was subscribed 10.3 times. It comprised a Rs 950 crore of fresh issue and an offer-for-sale of 3.8 crore shares worth Rs 2,093 crores. The issue was subscribed 1.4 times by retail investors, 30.9 times by QIBs and 4.9 times by NIIs.