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Mobikwik, Vishal IPOs overbooked

The New Indian Express Kottayam

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December 14, 2024

Mobikwik issue booked more than 119 times, Vishal Mega Mart subscribed little over 27 times

- ARSHAD KHAN @ New Delhi

Mobikwik, Vishal IPOs overbooked

THE primary market is closing calendar year 2024 with a bang as two of the most awaited initial public offerings (IPOs) garnered a blockbuster response from investors.

While the initial share sale of fintech firm Mobikwik was subscribed more than 119 times, the offering of supermart chain Vishal Mega Mart, which launched a mega issue of ₹8,000 crore, was subscribed little over 27 times.

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