The IPO market is buzzing with activity as five public issues open for subscription today. Among them, Mobikwik has already achieved full subscription within the first hour, setting an impressive tone for the market. Here’s a closer look at the five IPOs and their details.List of 5 IPO Launches Mobikwik and 4 Others Begin Subscription Today.
Mobikwik IPO: Rapid Success in the First Hour
Mobikwik, the Gurugram-based fintech company, has launched its much-anticipated IPO with a price band of ₹265–₹279 per share. The IPO aims to raise ₹572 crore through fresh share issuance. Notably, the funds will support the company’s expansion in financial and payment services, machine learning, AI advancements, and general corporate needs.
Within the first hour of its opening, the Mobikwik IPO recorded an astounding 1.39 crore bids for 1.18 crore shares, achieving full subscription.
Vishal Mega Mart IPO: Retail Giant Seeks ₹8,000 Crore
Vishal Mega Mart, a Gurugram-based retail chain, has opened its first public issue to raise ₹8,000 crore entirely through an offer for sale (OFS). The company has set a price band of ₹74–₹78 per share, with a lot size of 190 shares. Retail investors must invest at least ₹14,820 per lot.
The company has already raised ₹2,400 crore from anchor investors, showcasing strong initial interest.
Sai Life Sciences IPO: Raising ₹3,043 Crore
Sai Life Sciences, a leading player in the pharmaceutical sector, aims to raise ₹3,043 crore through its IPO. The price band is set at ₹522–₹549 per share. The offering includes ₹950 crore through fresh share issuance and 3.8 crore shares through an OFS.
Retail investors can apply for a minimum lot of 27 shares, requiring an investment of ₹14,823.
Purple United Sales IPO: Targeting ₹32.8 Crore
Purple United Sales, a fashion brand company, is making its market debut with a goal of raising ₹32.8 crore. The company has set a price band of ₹121–₹126 per share, with plans to issue 26.04 lakh fresh equity shares. This book-built IPO highlights Purple United Sales’ ambition to expand its presence in the competitive fashion industry.
Supreme Facility Management IPO: Eyeing ₹50 Crore
Pune-based Supreme Facility Management has launched its IPO to raise ₹50 crore through the issuance of 65.79 lakh equity shares. The price band is set at ₹72–₹76 per share. The company aims to utilize the funds to strengthen its facility management services and operational capabilities.
Conclusion: A Promising Start to the IPO Season
The five IPOs launching today reflect a diverse mix of industries, from fintech to retail, pharmaceuticals, fashion, and facility management. Mobikwik’s record-breaking subscription in the first hour underscores strong investor interest, setting a bullish tone for the market. As these IPOs progress, they offer an array of opportunities for investors looking to diversify their portfolios.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always consult a financial advisor before making stock market investments.
