Mobikwik leads IPO debut with 90% surge; Vishal, Sai Life gain around 40%

All the three companies that made their stock market debut on Wednesday delivered huge day-one gains for investors.

Shares of digital payment major One Mobikwik Systems surged 90 per cent, while that of fashion retailer Vishal Mega Mart and pharma firm Sai Life Sciences gained around 40 per cent each.

These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday.