IPOs of One Mobikwik Systems, Vishal Mega Mart and Sai Life Sciences shall close for bidding today, while issues of IGI and IKS Health will conclude next week.

The Rekha Jhunjhunwala family-promoted company looks to raise ₹2,498 crore via IPO, which is completely an OFS by promoters.

The second day of subscription is open on December 13 and will close on December 16, due to the weekend holiday on December 14 and 15. The latest grey market premium (GMP) of the IPO hints at a strong double-digit listing on BSE and NSE.

IPO, comprising an entirely offer for sale (OFS) of 18,795,510 equity shares, is available at a price band of Rs 1,265-Rs 1,329 per share

Vishal Mega Mart's IPO price band is Rs 74-78, while Inventurus Knowledge Solutions' price band is Rs 1265-1329.

Majority of the issue (75%) has been reserved for institutional investors or Qualified Institutioal Bidders (QIB). 15% of the issue has been reserved for HNIs, while only 10% of the issue has been allocated to retail investors.

According to market observers, shares of the company are available at a premium of ₹22 in the grey market today

By Nandan Mandayam and Kashish Tandon (Reuters) -Indian budget retailer Vishal Mega Mart's $943 million IPO was fully subscribed on the second day of bids on Thursday, though a flood of recent offerings dulled retail investors' appetite for a company analysts say is immune to its bigger rivals' problems.

Vishal Mega Mart IPO has set a price range of Rs 74 to Rs 78 per share. Retail investors need to purchase a minimum of 190 shares in a single lot, requiring an initial investment of Rs 14,820.

The portion meant for retail investors in Vishal Mega Mart IPO was subscribed at 1.48 times, while the non-retail category saw a subscription of 6.68 times the shares on offer so far.

Vishal Mega Mart IPO, which opened for public subscription on Wednesday, December 11, 2024, is set to close today