D-St hat-trick: 3 stocks shine on market debut – Newz9

MUMBAI: Three corporations – Vishal Mega Mart, Sai Life Sciences and One Mobikwik – that collectively raised Rs 11,615 crore final week, witnessed stellar inventory market debut on Wednesday with itemizing premiums over IPO value rising as much as 59%. These three corporations collectively additionally added Rs 70,512 crore to India’s market capitalisation, BSE knowledge confirmed.
On the BSE, Vishal Mega Mart listed at Rs 111, a premium of 42% over its concern value of Rs 78 and closed at Rs 112, up 44%. The diversified retailer now has a market cap of almost Rs 50,500 crore. Last week it had efficiently closed its Rs 8,000-crore IPO with the problem subscribed 27 occasions.
Pharma firm Sai Life Sciences, which closed its Rs 3,043 crore IPO final week, listed at Rs 660, a premium of 20% over its IPO value of Rs 549. The firm now has a market capitalization of just about Rs 16,000 crore, BSE knowledge confirmed. . The inventory closed the session at Rs 765, up virtually 40% from its IPO value.
One Mobikwik, the tech-pushed funds enabler that had a report subscription of 129 occasions for its Rs 57- crore IPO, listed at Rs 442, a 59% premium over its concern value. The inventory lastly settled at Rs 530, up 90% from its IPO value. The firm now has a market capitalization of somewhat over Rs 4,100 crore.
These sturdy listings got here on a day when the Sensex fell by over 500 factors, its third consecutive session of falls. According to a market commentator, this might point out that some traders, whereas taking cash out of the present stocks, are tilting extra in direction of the newly listed ones.