Three Large IPOs Record Demand Worth ₹2.2 Lakh Crore
Three major IPOs that closed on Friday have collectively garnered an overwhelming response, attracting investor interest worth ₹2.2 lakh crore. The companies—Vishal Mega Mart, Sai Life Sciences, and One Mobikwik—had collectively aimed to raise ₹11,615 crore, according to exchange data.
Table of Contents
Record Subscription Levels
- One Mobikwik IPO:
- The ₹500-crore-plus IPO of the tech-driven payments enabler received the highest demand, being subscribed nearly 120 times.
- Retail investors led the charge, making it the most subscribed IPO of 2024.
- Vishal Mega Mart IPO:
- The ₹8,000-crore offer witnessed strong demand, with a subscription of over 27 times.
- Total investor demand for this IPO reached ₹1.6 lakh crore, making it the largest contributor among the three.
- Sai Life Sciences IPO:
- The ₹3,043-crore offer was subscribed 10.3 times.
- It attracted demand worth ₹21,881 crore.
Biggest Year for IPOs
The collective success of these IPOs underscores 2024 as a record-breaking year for capital markets.
- IPOs this year have raised close to ₹2 lakh crore, the highest annual mobilization ever.
- The previous record was in 2021, when ₹1.2 lakh crore was raised through 63 public offers, according to Chittorgarh data.
The strong investor interest across sectors highlights the robust appetite for equity investments, driven by confidence in India’s economic growth story.