(Reuters) -Indian budget retailer Vishal Mega Mart's 80-billion-rupee ($943 million) initial public offering (IPO) was fully subscribed on day two of bids, led by demand from non-institutional investors.

Vishal Mega Mart Ltd.’s $944 million initial public offering was fully sold on the second day of the sale, driven by strong demand from high-networth and retail investors.

The IPO was subscribed 1.13 times, as of 2:57 p.m. on Thursday. The grey market premium of Vishal Mega Mart IPO was Rs 18 as of 1:30 p.m. on Thursday, according to InvestorGain. This implies shares of the company will likely list at Rs 96 apiece, indicating a 24% premium to the upper end of the price band.

Retail investors can bid in the IPO with a minimum lot size of 190 shares, resulting in an investment of ₹14,820. With the subscription window closing on December 13, Vishal Mega Mart is slated to finalise the allotment of shares on December 16.

Non-Institutional Investors (NIIs) have led the demand for the Vishal Mega Mart IPO, subscribing to their reserved quota 1.71 times

While IPOs of Vishal Mega Mart, One Mobikwik System and Sai Life Sciences opened on December 11, share sale for Inventurus Knowledge Solutions started today.

On the second day of the December 12 share sale, Vishal Mega Mart’s initial public offering (IPO) received 1.15 times the subscription. According to BSE data at 3:15 PM, bids for 87.25 crore shares were received for the grocery chain Vishal Mega Mart’s first share sale, out of the 75.67 crore shares available.

The public market is readying itself for another busy initial public offer (IPO) season, continuing the trend seen in 2024. Companies across varied fields have filed their papers and have been given the nod by the market regulator Securities and Exchange Board of India (SEBI).

A slew of major IPOs is gearing up to hit the primary markets this week, aiming to raise over ₹18,000 crore collectively from investors. Here’s a closer look at the five big names.