IPO train moving full speed ahead! IGI gives 20% listing gains, 40% profit with Inventurus, MobiKwik tops with 57% gain, and much more! Check it out!!🔻🔻

Hello Readers,

Did you hear?

Sai Lifesciences gained 18% on listing!

Starting the week off with a bang, shares of Sai Lifesciences beat the existing GMP to list at Rs 650 per share against an issue price of Rs 549 per share, translating to a listing gain of over 18%! Sai Life Sciences is a contract research, development, and manufacturing organization (CDMO) whose Rs 3,042 crore IPO was subscribed 4.03x times, with Institutional Buyers oversubscribing their portion over 12x times! But that’s not the end!

IGI’s IPO gave over 20% listing gains!

Second on the list was the IPO of the International Gemological Institute, the world’s second-largest independent certification and accreditation services provider for diamonds. Its IPO was well received by investors as its Rs 4,225 crore IPO was subscribed over 31x times! The IPO met investors' hopes of robust gains as its share listed at Rs 510 against its issue price of Rs 417, gaining 22.3%!! But wait, there’s more!

Vishal Mega Mart’s IPO grew 1/3rd on listing day!

Next up was the IPO of hypermarket chain operator Vishal Mega Mart. The company had the overwhelming interest of investors as its entire IPO was subscribed over 28x times. Moreover, Institutional Buyers showed the most interest as they oversubscribed their portion 85x times, making it one of the biggest oversubscriptions! The stock did not disappoint investors as it registered listing gains of over 33% and has given over 40% gains since listing! But this is still not the end!

Investors booked 40+% gains on Inventurus’ listing!

The fourth blockbuster IPO for the week was Inventurus Knowledge Solutions, a tech-focused provider of healthcare solutions. The company manages a care enablement platform and serves clients primarily based in the US, Canada, and Australia. While investors’ response to the IPO was relatively muted compared to the companies mentioned earlier, the stock surpassed all the aforementioned shares and registered listing gains of 43%! However, this was not the most profitable listing!!

MobiKwik’s IPO saw 50+% gains upon listing!!

Financial services company MobiKwik was the most profitable IPO of the week. For those unaware, the company operates a payments business where it facilitates online payments for customers and merchants. The IPO saw an overwhelming response from investors as the Rs 572 crore IPO was subscribed 64x times! Moreover, retailers were attracted by the exceptionally high GMP, resulting in the retailers portion being subscribed 113.42x times! The IPO did not disappoint as the shares registered gains of 57.7% upon listing!! 

Speaking of IPOs, did you know the IPO market is back in action!!?

India’s IPO market is growing.

Despite the slowdown seen in the third quarter of calendar year 2024, 2024 was a very strong year for the Indian stock exchanges, especially in terms of fresh listings! Moreover, for the first time in history, the National Stock Exchange (NSE) surpassed the US and other major markets in terms of fresh listings! 75 companies raised Rs 1.5 lakh crores through mainboard IPOs!!

The value of IPOs in India surged by 149% over the past year to reach $19 billion in 2024! The NSE captured a record 16.8% of the global IPO market share, despite the IPO activity of Asia-Pacific declining by 33% (particularly due to lower activity in China).

Moreover, the Indian IPO market is showing no signs of slowing down! For 2025, 34 companies have already received SEBI’s approval to launch their IPOs worth over 41,000 crores. Furthermore, 55 firms are waiting for SEBI’s approval, bringing the IPO pipeline of 2025 to over Rs 1.6 lakh crores already!!!

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