D-St hat-trick: 3 stocks shine on market debut – Times of India

D-St hat-trick: 3 stocks shine on market debut – Times of India

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D-St hat-trick: 3 stocks shine on market debut

MUMBAI: Three companies – Vishal Mega Mart, Sai Life Sciences and One Mobikwik – that together raised Rs 11,615 crore last week, witnessed stellar stock market debut on Wednesday with listing premiums over IPO price rising up to 59%. These three companies together also added Rs 70,512 crore to India’s market capitalisation, BSE data showed.
On the BSE, Vishal Mega Mart listed at Rs 111, a premium of 42% over its issue price of Rs 78 and closed at Rs 112, up 44%. The diversified retailer now has a market cap of nearly Rs 50,500 crore. Last week it had successfully closed its Rs 8,000-crore IPO with the issue subscribed 27 times.
Pharma company Sai Life Sciences, which closed its Rs 3,043 crore IPO last week, listed at Rs 660, a premium of 20% over its IPO price of Rs 549. The company now has a market capitalisation of almost Rs 16,000 crore, BSE data showed. The stock closed the session at Rs 765, up almost 40% from its IPO price.
One Mobikwik, the tech-driven payments enabler that had a record subscription of 129 times for its Rs 57- crore IPO, listed at Rs 442, a 59% premium over its issue price. The stock finally settled at Rs 530, up 90% from its IPO price. The company now has a market capitalisation of a little over Rs 4,100 crore.
These strong listings came on a day when the sensex fell by over 500 points, its third consecutive session of falls. According to a market commentator, this could indicate that some investors, while taking money out of the existing stocks, are tilting more towards the newly listed ones.



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  • Bhavesh Mathur

    I am Bhavesh Mathur; a content writer and web designer, very strong on the delivery of impactful and insightful content. My major work involves writing articles on a wide variety of business and news-related topics, with the prime focus being on making hard-to-understand information approachable and interesting for readers. As the founder of News Eager, I will post news daily in many fields such as politics, business, sports, entertainment, and lifestyle. I will provide a platform where people can easily stay updated with what is happening in different parts of the world. In addition to my writing, I bring web design skills to each project, ensuring that my platforms are not only content-rich but also visually appealing and user-friendly. I aim to bring value and build trust with my audience through my work on News Eager.

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