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MobiKwik IPO Listing: Its shares were detailed at Rs 442.25 each on the BSE, versus the IPO concern cost of Rs 279 per share.
The MobiKwik IPO, which opened up for bidding process in between December 11 and December 13, got a frustrating 125.69 times registration.
MobiKwik IPO Listing: One MobiKwik Systems Ltd on Wednesday made an excellent stock exchange launching with a listing gain of 58.51 percent. Its shares were detailed at Rs 442.25 each on the BSE, versus the IPO concern cost of Rs 279 per share. On the NSE, MobiKwik’s shares were detailed at Rs 440, a costs of 57.7 percent over the concern cost.
The MobiKwik IPO, which was open for bidding process from December 11 to December 13, attained a general registration of 125.69 times, highlighting its appeal amongst market individuals.
Vishal Mega Mart IPO Lists At 41% Premium: Should You Hold, Sell Or Buy?
Vishal Mega Mart IPO Listing: Vishal Mega Mart Ltd on Wednesday made a solid stock exchange launching with a listing gain of 41 percent. Its shares were detailed at Rs 110 each on the BSE, versus the IPO concern cost of Rs 78 per share. On the NSE, Vishal Mega Mart’s shares were detailed at Rs 104, a costs of 33.3 percent over the concern cost.
The Vishal Mega Mart IPO, open for registration from December 11 to December 13, gathered a complete registration of 28.75 times.
“The IPO uses an eye-catching evaluation at 76x FY24 PE, making it reasonably budget-friendly contrasted to sector peers and giving an encouraging chance for retail financiers. The evaluation is more sustained by a durable 50% CAGR development in EPS, which improves its allure. Allottees can think about holding the shares for long-lasting gains,” said Gaurav Garg, research analyst at Lemonn Markets Desk.
Vishal Mega Mart is a leading name in India’s retail segment, offering a diverse range of products across three primary categories: Apparel, General Merchandise, and Fast-Moving Consumer Goods (FMCG).
As of June 30, 2024, the company operates 626 stores nationwide, supplemented by its mobile app and e-commerce website, ensuring a strong omnichannel presence.
