Vishal Mega Mart and One MobiKwik Systems Ltd made a solid debut in the stock markets on Wednesday with the shares of the retail firm giving a return of 43.50 per cent to successful allottees and the fintech firm settling with a premium of 90 per cent.
Vishal Mega Mart listed at ₹110 on the BSE, thus showing a gain of 41 per cent from the issue price. During intra-day trades, it shot up by 48.20 per cent to touch a high of ₹115.60.
Shares of the firm later ended at ₹111.95, a rise of 43.52 per cent. On the NSE, the stock opened at ₹104, thus surging 33.33 per cent from the issue price. It later settled at ₹111.93, thus climbing 43.5 per cent. The strong close led to its market capitalisation standing at ₹50,475.11 crore.
In traded volume terms, 7.95 crore shares of the firm were traded ot the BSE and more than 72.87 crore on the NSE during the day.
Vishal Megamart’s ₹8,000-crore IPO had received 27.28 times the subscription and the share float had a price range of ₹74-78 per share. The IPO was entirely an Offer-for-Sale (OFS) of shares by promoter Kedaara Capital-led Samayat Services LLP.
One MobiKwik Systems Ltd debuted at ₹442.25, reflecting a rise of 58.51 per cent from the issue price of ₹279 on the BSE. During intra-day trades, it surged 90.21 per cent to hit a high of ₹530.70. It ended at ₹530.30, a premium of 90.07 per cent. At close it had a market cap of ₹4,119.71 crore.
On the NSE, its shares were listed at ₹440, a rise of 57.71 per cent. It later ended at ₹528, thereby giving a return of 89.24 per cent to those investors who had subscribed in the IPO.