Investors return to IPOs with Rs 2.2 trillion bids across three offerings

Quick Summary:

Mobikwik subscribed 119x, Vishal Mega Mart 27x, Sai Life 10.

The 10 per cent drop in the Nifty 50 index from its record highs in September did not significantly impact IPO issuance.

At the upper end of its price band of Rs 78, the company is valued at Rs 35,168 crore, 76x its FY24 net profit of Rs 462 crore.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Investors IPO Stock market trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 19:56:01 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24400432

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 309 posts per day

Year Established: 1975

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News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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