Bumper entry of Vishal Mega Mart and Sai Life Sciences shares, investors made huge profits
New Delhi: The shares of Vishal Mega Mart have been listed in the stock market today and this company has made a big entry in the stock market. Vishal Mega Mart shares are listed on NSE at Rs 104, which is a premium of 33.33 per cent, while its IPO issue price was Rs 78 per share. Apart from this, shares of Vishal Mega Mart are listed on BSE at Rs 110 per share with a premium of 41%.
Vishal Mega Mart
After the listing of shares of Vishal Mega Mart, a huge jump is being seen in its shares and it had reached the highest level of Rs 11.19. In this respect, an increase of more than 42% is being seen. Vishal Mega Mart's IPO received a bumper subscription of 27.28 times and the issue was opened between December 11 and December 13. No new shares were issued in the issue and all the shares were offer for sale.
Sai Life Sciences
Shares of Sai Life Sciences got listed today and after a gain of 18.4 per cent, listing was seen at Rs 650 on NSE. Apart from this, shares of Sai Life Sciences have been listed on BSE with a premium of 20.21 percent and are listed at Rs 660 per share. The issue price in the IPO of Sai Life Sciences was Rs 549 per share. After listing at Rs 660, up 20.21 per cent, the stock was up 27.86 per cent at Rs 702 on the BSE. The market capitalization of the company stood at Rs 14,493.75 crore.
IPO got good response
Sai Life Sciences' initial public offering (IPO) was subscribed 10.26 times till last Friday, the third and last day of the share sale. In the company's IPO, fresh shares worth Rs 950 crore and 3.81 crore shares worth Rs 2092 crore were sold through Offer for Sale (OFS). For this, the price band was fixed at Rs 522-549 per share.
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