Mobikwik, Vishal Mega Mart IPOs see massive investor response as primary market closes 2024 strong

NEW DELHI: 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 Rs 8,000 crore, was subscribed little over 27 times.