Overview
53 shares was the lot size, or the minimum bid amount, required to apply for the MobiKwik IPO. This indicates that the listed gains of ₹8,533 (₹161 x 53) per lot were held by the retail investors who were given shares. On Wednesday, Vishal Mega Mart Ltd.’s shares were floated at a premium of more than 33%. The IPO price of ₹78 per share was 33.3% lower than the opening price of ₹104.
On Wednesday, December 18, shares of One MobiKwik Systems Ltd., Vishal Mega Mart Ltd., and Sai Life Sciences Ltd. made an outstanding trading debut, which delighted primary market investors.
These three mainboard initial public offerings (IPOs) were open for subscription from December 11 to December 13. Shares awarded to successful bidders experienced windfall gains as soon as the shares began trading on the stock exchanges.
The following shows the profits made by high-net-worth and retail investors from the MobiKwik, Vishal Mega Mart, and Sai Life Sciences initial public offerings:
IPO of One MobiKwik Systems
On Wednesday, One MobiKwik Systems’ stock was offered at an almost 58% premium. In contrast to the IPO price of ₹279, the shares opened for ₹440 per on the NSE.
53 shares was the lot size, or the minimum bid amount, required to apply for the MobiKwik IPO. This indicates that the individual investors who received shares were sitting on ₹8,533 in listing gains (₹161 x 53) per lot.
Small non-institutional investors (NIIs) were required to invest a minimum of 14 lots, resulting in listing gains of ₹1,19,462 (₹8,533 x 14). The hypothetical profit for large NIIs, whose minimum investment was 68 lots, was ₹5,80,244 (₹8,533 x 68).
Through the IPO, MobiKwik raised ₹572 crore. In addition to funding capital expenditures for the payment devices business, the company had stated that it would use the net proceeds from the issue to fund expansion in the financial and payment services businesses, as well as to invest in data, machine learning, artificial intelligence, products, and technology.
Read More: Key Differences in How Companies Raise Capital: IPO vs FPO vs OFS
IPO of Vishal Mega Mart
On Wednesday, Vishal Mega Mart Ltd.’s shares were floated at a premium of more than 33%. In contrast to the IPO price of ₹78 per share, the stock opened at ₹104.
An application’s lot size was 190. For individual investors, this is a profit of ₹4,940 per lot. Small NIIs earned ₹69,160 (₹4,940 x 14), since they had to bid on at least 14 deals. In the meantime, large NIIs were sitting on listing gains of ₹3,35,920 (₹4,940 x 68), since they had to bid on at least 68 lots.
Since the issuance was an offer-for-sale (OFS) by the promoter selling shareholder, Vishal Mega Mart, which raised ₹8,000 crore through the IPO, will not get any proceeds.
IPO of Sai Life Sciences
On Wednesday, Sai Life Sciences’ stock opened at a premium of more than 18%. The NSE opened the share price at ₹650 per share, up 18.4% from the ₹549 IPO price.
The Sai Life Sciences IPO had a minimum bid amount of 27 shares, which is known as the lot size. This indicates that listing gains of ₹2,727 (₹101 x 27) per lot were waiting on the hands of regular investors.
For minor NIIs, the minimum lot size invested was 14 lots, which resulted in ₹38,178 in listing gains (₹2,727 x 14). In the meantime, large NIIs with a minimum investment requirement of 68 lots were sitting on ₹1,85,436 in listing gains (₹2,727 x 68).
Sai Life Sciences raised ₹3,042.62 crore through the IPO, which included an OFS of 3.81 crore shares (totaling ₹2,092.62 crore) and a fresh issuance of 1.73 crore shares (totaling ₹950 crore). The net proceeds from the new issue would be utilized for general business objectives as well as the repayment or early repayment of all or some of the company’s outstanding borrowings.
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