MobiKwik vs Vishal Mega Mart vs Sai Life Sciences: Key points

The initial public offerings of MobiKwik, Vishal Mega Mart, and Sai Life Sciences will conclude on Friday, December 13. Their allotment statuses are likely to be finalised on December 16, and the shares will be listed on the NSE and the BSE on December 18.

All three IPOs went live on December 11.

MobiKwik IPO

One MobiKwik Systems' ₹572 crore IPO is exclusively a fresh issue of equity shares with no offer-for-sale component. Its price band has been fixed at ₹265-₹279 per share.

The initial share sale received a robust response from investors, with the issue being subscribed 20.37 times until day 2. Retail investors attracted 64.52 times subscription, while non-institutional investors picked up 30 times subscription. The part set aside for qualified institutional buyers (QIBs) mopped up 84% subscription.

Before the IPO, the company raised ₹257 crore from anchor investors.

Vishal Mega Mart IPO

The issue is completely an offer-for-sale of equity shares by promoter Samayat Services LLP, which is led by Kedaara Capital. There is no fresh issue component. The price band has been set at ₹74-₹78 per share.

Prior to the IPO, Vishal Mega Mart had mobilised ₹2,400 crore from anchor investors.

ICICI Securities, Intensive Fiscal Services, Jefferies India, Kotak Mahindra Capital Company, Morgan Stanley India Company and JP Morgan India are the book-running lead managers for the issue.

Sai Life Sciences IPO

The ₹3,042.62 crore initial share sale consists of a fresh issue valued at ₹950 crore and an OFS of 3.81 crore shares.

Of the IPO proceeds, around ₹600 crore will be used for debt repayment and some for general corporate purposes.