In December 2024, four major IPO (Initial Public Offerings) are making waves in the market: Vishal Mega Mart, One Mobikwik Systems, Sai Life Sciences, and Inventurus Knowledge Solutions. Each of these IPOs is creating a buzz among investors, with their subscription status changing by the hour.
Whether you’re an investor looking for the latest updates or someone curious about the IPO market,
here’s everything you need to know about these ongoing IPOs.
Vishal Mega Mart IPO: Subscription Status
The Vishal Mega Mart IPO kicked off on December 11 and, by the second day of subscription, it was making quite a splash. By 12:17 PM on the second day, the IPO had been subscribed 0.81 times. This means that the number of shares investors are bidding for is already approaching the total number of shares being offered.
- Retail Investor Subscription: The portion allotted for retail investors saw a subscription of 0.78 times, indicating moderate interest from individual investors.
- QIB Subscription: The Qualified Institutional Buyers (QIBs) showed minimal interest with only 0.03% of their allocated share portion subscribed.
- NII Subscription: The Non-Institutional Investors (NIIs) portion had a slightly better performance, with 1.94 times subscription by the afternoon.
With the IPO closing on December 13, it’s still unclear how much demand will surge towards the end. Keep an eye on this one if you’re looking to make a move.
One Mobikwik Systems IPO: A Look at the Numbers
The One Mobikwik Systems IPO opened on December 11 as well and has garnered significant attention. 12:17 PM on the second day of subscription, the IPO had subscribe 11.53 times,
showing robust interest among investors.
- Retail Investor Subscription: The portion for retail investors was subscribe an impressive 41 times, indicating that individual investors are eager to get in on this tech-focused IPO.
- QIB Subscription: Interestingly, the portion for QIBs saw only 0.03% subscription, which is quite low compared to retail investors.
- NII Subscription: The NII portion performed better, with 14.8 times subscription, suggesting strong interest from wealthy individuals and entities.
The overall subscription data points to a strong demand for Mobikwik shares, especially from retail and NII investors.
It will be interesting to see how the numbers evolve by the time the IPO closes on December 13.
Sai Life Sciences IPO: Slower Pace but Steady Interest
The Sai Life Sciences IPO, which also open on December 11, is seeing a more gradual uptake compare to the others. the afternoon session on the second day, the IPO was subscribe 0.91 times.
While this isn’t a massive surge, it’s a steady increase that could indicate cautious but consistent interest.
- Retail Investor Subscription: The portion designate for retail investors is 0.28 times, meaning retail interest is still relatively low compare to the other IPO.
- QIB Subscription: On the other hand, QIBs have shown strong confidence in the company, with their portion subscribed 2.52 times.
- NII Subscription: The NII portion had a low subscription rate, with only 0.25 times.
Given the solid demand from QIBs, Sai Life Sciences might still see a positive outcome by the end of the subscription period, which ends on December 13.
Inventurus Knowledge Solutions IPO: A Slow Start
Unlike the other IPOs, the Inventurus Knowledge Solutions IPO opened on December 12, and it’s off to a slow start. the afternoon of the first day,
the IPO had subscribe only 0.14 times.
- Retail Investor Subscription: The portion allocate for retail investors was subscribe 0.51 times, showing some level of interest from individual investors.
- QIB Subscription: The QIB portion has had limited activity, with only 913 shares being bid for so far.
- NII Subscription: The NII portion is also showing weak interest, with only 0.18 times subscribe.
Though the IPO still has several days left (it closes on December 16), the low subscription rate on the first day could suggest that investor interest is subdue.
IPO Grey Market Premium (GMP) Insights
When it comes to IPOs, investors often keep an eye on the Grey Market Premium (GMP),
which can give an early indication of the likely listing price of the shares once they hit the stock exchange.
For Vishal Mega Mart, the GMP has been a topic of much speculation. Investors are eagerly awaiting more information on the GMP as it might help determine the potential for listing gains.
Why Subscription Rates Matter for Investors
For investors, the subscription rate is an important indicator of demand for shares in the primary market. Higher subscription rates generally signal a strong appetite for the IPO,
which can translate into potential listing gains. On the flip side,
lower subscription rates may indicate a weaker interest, which could impact the stock price once it begins trading.
Key Takeaways from the Ongoing IPOs
- The One Mobikwik Systems IPO has shown the highest subscription levels, particularly among retail investors and NIIs.
- Vishal Mega Mart and Sai Life Sciences have shown more modest subscription figures, but the interest from QIBs in Sai Life Sciences is promising.
- Inventurus Knowledge Solutions IPO is off to a slow start, with low subscription numbers as of the first day.
- Subscription rates are crucial in predicting IPO performance, but the real test will come when these shares hit the market.
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Conclusion
As we move closer to the end of the subscription period for these IPOs, it will be interesting to see how the demand shifts, particularly as retail and institutional investors decide whether to go all in or hold back.
IPOs are always a mix of excitement and caution, and these four offerings are no exception.
If you’re looking to jump into any of these IPOs, remember that timing is key.
The subscription data we’ve seen so far gives us some idea of what’s happening, but only time will tell how they perform once listed on the stock exchanges.
