Vishal Mega Mart vs Mobikwik vs Sai Life Sciences: Which is a better pick?
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The primary market is ending the calendar year 2024 with a bang, buoyed by a slew of companies launching their IPOs before the new year. Earlier today, three IPOs of Vishal Mega Mart, Mobikwik and Sai Life Sciences opened for subscription, leaving investors spoilt for choices. However, Vishal Mega Mart emerged as the clear favourite among all the three IPOs, given that the company has priced the issue attractively (at P/E of 77.2x, lower than retail peers) and it is strategically positioned to benefit from India’s expanding retail market, particularly in tier-2 and tier-3 cities where organized retail penetration remains low. At a PE of 77.2x its earnings, the company currently boasts a market capitalization of Rs 35,168.01 crore. However, one drawback is the complete OFS structure, where the promoter will offload around 102 crore shares. "The company’s focus on cost-efficiency, consumer-centricity, and aggressive expansion in unders...