The three new listings of Dalal Street are now worth ₹70,000 crore – CNBC TV18
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Shares of Vishal Mega Mart made their stock market debut at a 33% premium to their IPO price of ₹78. The stock ended 45% higher on its trading debut at ₹112.36.
Post its debut, the stock ended with a market capitalisation of over ₹50,000 crore.
Sai Life Sciences listed at an 18% premium to its IPO price of ₹549 per share. The IPO saw overall subscription of over 10 times during the three-day bidding process.
The CRDMO company shares built on to their gains during the course of the day, ending 40% higher at ₹766.1.
Post this move, the company has a market capitalisation of close to ₹16,000 crore.
The outperformer of the day was One MobiKwik Systems, the parent company of MobiKwik, shares of which nearly doubled at the close of their trading debut.
MobiKwik shares ended 90% higher compared to their issue price of ₹279. The stock ended at ₹530.7.
The stock now has a market capitalisation of over ₹4,000 crore.
Together, the three new listings of Dalal Street now have a combined market capitalisation of ₹70,000 crore.
The IPOs of all three companies saw healthy subscription with MobiKwik’s issue being subscribed over 100 times in every investor category.
MobiKwik also became the sixth best listing of 2024 after Vibhor Steel Tubes, BLS E-Services, Bajaj Housing Finance, KRN Heat Exchanger and Unicommerce e-solutions.
