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regular-article-logo Thursday, 19 December 2024

Vishal Mega Mart, One MobiKwik Systems make stellar debuts in stock markets

Vishal Mega Mart listed at Rs 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 Rs 115.60

Our Special Correspondent Calcutta Published 19.12.24, 11:24 AM
Representational image

Representational image File picture

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.

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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.

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