IPO's Opening Tomorrow:  The initial public offering of Vishal Mega Mart, Sai Life Science and One Mobikwik Systems will open for public subscription Tomorrow i.e. on December 11. Vishal Mega Mart aims to raise Rs 8,000 crore and set a price band at Rs 74-78, while Sai Life Science has the ambition to raise 3,042.62 crores from the share sale. It has set the IPO's price band at Rs 522-549 per share. In addition, the online wallet and fund transfer company 'One Mobikwik System's Rs 572 crore share sale will open for public subscription tomorrow as well. Investors willing to place a bid can do so from tomorrow at 10 Am.

The last few IPOs subscription rates were influenced by the performance of companies' shares in the grey market or grey market premiums (GMP). Below are the latest GMP of IPOs opening tomorrow.

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Vishal Mega Mart IPO GMP

The grey market premium of Vishal Mega Mart is Rs 18 per share. According to investorgain.com, the shares of Vishal Mega Mart are trading at Rs 96, up 23.08% or 18 rupees against its IPO price of Rs 78. This shows that the shares of Vishal Mega Mart might have a decent debut on stock exchanges.

Sai Life Science IPO GMP

The IPO of Sai Life Science is trading at a marginal premium in the grey market. According to investorgain.com, the shares of Sai Life Science are trading at Rs 580, up 5.65% or 18 rupees against its IPO price of Rs 549. This shows that the shares of Sai Life Science might have a diminished debut on stock exchanges.

Mobikwik IPO GMP

The grey market premium of Mobikwik is 131 rupees. According to investorgain.com, the shares of Mobikwik are trading at Rs 410, up 46.95% or 131 rupees against its IPO price of Rs 279. This shows that the shares of Vishal Mega Mart might have a blockbuster debut on stock exchanges.

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