Mobikwik subscribed 7x on Day 1; Vishal, SaiLife get tepid responses
The IPOs of SaiLife and Vishal Megamart were subscribed 0.84 times and 0.5 times
 "Mobikwik subscribed 7x on Day 1; Vishal, SaiLife get tepid responses")
The initial public offering (IPO) of One MobiKwik Systems was subscribed 7.3 times on Wednesday, on the first day of offer. Institutional investors subscribed to the issue by 2 per cent, high net worth individuals (HNI) by 9 times, and retail investors by 26.7 times.
Meanwhile, the IPOs of Sai Life Sciences and Vishal Megamart were subscribed 0.84 and 0.5 times, respectively. All three issues will conclude on Friday.
Mobikwik has priced its issue between Rs 265 and Rs 279 per share. The IPO is fresh issue of Rs 572 crore. The company on Tuesday raised Rs 257 crore from anchor investors. Norges Fund, Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC MF, Axis MF, SBI MF, and SBI General Insurance were among the investors who participated in the anchor allotment. SBI Capital Markets, and DAM Capital Advisors are the book-running lead managers.
Supermarket chain Vishal Mega Mart has mobilised Rs 2,400 crore from anchor investors, an update with the exchange showed.
Those who were allotted shares in the anchor round included SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF. Overall, a total of 18 domestic mutual funds participated through 44 schemes, collectively accounting for 53.33 per cent of the anchor portion.