The IPO momentum continues in December. MobiKwik, Vishal Mega Mart, Inventurus Knowledge Solutions, and Sai Life Sciences, all having significant investor interest along with oversubscription made a debut this month. The NTPC Green Energy IPO concluded in November but the counter continues to attract investor interest. Here’s a look at the top IPOs that are trending across Google in December.
MobiKwik IPO Surges on Debut
Mobikwik, a digital payment platform, opened its IPO on 11 December 2024 and closed on 13 December 2024. The IPO got a total of 125.69 times of subscription with getting most from the Retail investors followed by Qualified and Non-Institutional buyers 125.82 and 114.7 respectively.
The shares were listed on the exchanges on December 18, opening at Rs 440 on the NSE, with a premium of 57.71 per cent. The stock surged by 85 per cent, reaching Rs 525, pushing the company’s valuation to Rs 40 billion.
\
Vishal Mega Mart’s Strong Market Debut
The bidding for Vishal Mega Mart IPO issue started on 11 December 2024 and closed on 13 December 2024. The issue saw a total subscription of 28.75 times, mostly subscribed by Qualified Institutional investors with 85.11 times.The company raised a sum of Rs 8,000 crore in the primary market.
Vishal Mega Mart shares were listed on December 19, 2024, at Rs 110 on the BSE, a 41 per cent premium over the issue price, and at Rs 104 on the NSE, a 33.33 per cent premium. The company’s valuation soared to Rs 35,168 crore. However, Vishal Mega Mart shares fell 5.8 per cent on the next day t, reaching an intraday low of Rs 105.37 on the BSE.
Inventurus Knowledge Solutions Lists at Premium
The Inventurus IPO bidding started from December 12, 2024 and ended on December 16, 2024. The issue witnessed a total subscription of 52.68 times and mostly subscribed by Qualified Institutional investors with 80.64 times of subscription.
On December 19, 2024, shares were listed at Rs 1,900 on the NSE, marking a premium of 43 per cent over the issue price of Rs 1,329. On the BSE, shares were listed at Rs 1,856, reflecting a gain of nearly 40 per cent.
Sai Life Sciences IPO Opens with Positive Returns
The IPO bidding for Sai Life Sciences took place from December 11 to December 13, and the allotment was finalized on December 16. The total subscription reached 10.27 times and was mostly subscribed by Qualified institutions with 29.78 times.
The company’s shares were listed at Rs 660 on the Bombay Stock Exchange (BSE), marking a 20.2 per cent premium over the issue price of Rs 549. On the National Stock Exchange (NSE), the stock opened at Rs 650, reflecting an 18.3 per cent gain. The strong debut signals positive investor sentiment towards the company in the growing CRAMS sector.
NTPC Green Energy Expands Renewable Energy Portfolio
NTPC Green Energy shares, which debuted on November 27, have steadily risen and were trading 44 per cent above their IPO price of Rs 108 as of December 4. On that day, the stock hit a fresh all-time high of Rs 155.35 per share. In the recent session, the shares reached the 10 per cent upper circuit limit, signaling strong investor confidence.
In other corporate news, NTPC Green Energy provided an update on its renewable energy projects. The company announced that the second part of its 150 MW solar PV project in Mesanka, Gujarat, has been successfully commissioned, with the capacity of 30 MW now operational. This project is a part of NTPC’s strategy to strengthen its renewable energy portfolio and reduce its carbon footprint.