Premium Or Discount Listing? What GMP Of Vishal Mega Mart, Mobikwik And Sai Life Sciences IPOs Suggests

The last month of 2024 is seeing significant activity in the primary markets, with a range of mainboard and SME initial public offerings open for subscription. Companies like Vishal Mega Mart Ltd., One MobiKwik Systems Ltd. (operator of fintech platform MobiKwik), and Sai Life Sciences Ltd. have floated their initial share sales, in the hope of mopping up crores worth funds from investors.

The three IPOs have already closed the subscription window and are set to list on the BSE and NSE on Dec. 18. 

The IPOs received a strong response from investors, who are now waiting to get instant returns on their investment as the shares make a debut on the bourses tomorrow.

To get a rough estimate of the possible listing price, investors might want to check the grey market premium or GMP of the issues before the market debut. The GMP of an IPO is the premium at which the shares trade on the unlisted markets, before the stock lists on the BSE or NSE. These numbers give a projected listing price of the shares, albeit unofficial. However, since they are not official quotes, the actual listing price may be different.

Here’s the GMPs for the three IPOs and their potential listing gains on Dec. 18, just ahead of their market debut, as per InvestorGain.

Vishal Mega Mart IPO opened on Dec. 11 and closed on Dec. 13. The price band of the IPO was fixed at Rs 74 to Rs 78 per share. Here are the details of Vishal Mega Mart IPO GMP.

• Latest GMP: Rs 20.50.

• Listing gain: 26.28%.

• Listing price: Rs 98.50.

One MobiKwik Systems IPO also opened on Dec. 11 and closed on Dec. 12. The price band was set at Rs 265 to Rs 279 per share. Check MobiKwik IPO GMP details below.

• Latest GMP: Rs 165.

• Listing gain: 59.14%.

• Listing price: Rs 444.

Sai Life Sciences IPO will list on BSE and NSE on Dec. 18, along with the other two IPOs. The price band of the issue had been set at Rs 522 to Rs 549 apiece. Check out Sai Life Sciences IPO GMP below. 

• Latest GMP: Rs 70.

• Listing gain: 12.75%.

• Listing price: Rs 619.