As we approach the last month of the year, the momentum in the Indian primary market remains strong, with more than 300 companies raising nearly ₹1.4 lakh crore through their initial public offerings (IPOs) in 2024. The week beginning December 9 promises to be bustling with activity, as a total of eight IPOs will open for subscription, and three companies are set to make their market debut.
Here’s a rundown of the upcoming IPOs and market debuts:
Vishal Mega Mart IPO (Opens on Dec 11)
Vishal Mega Mart, the popular hypermarket chain, is set to raise ₹8,000 crore through an offer-for-sale (OFS) of 102.56 crore shares. The IPO price band has been set between ₹74 and ₹78 per share, with retail investors able to bid for a minimum of 190 shares, amounting to ₹14,820. The issue will be open for subscription from December 11 to December 13. The tentative listing date is December 18.
Sai Life Sciences IPO (Opens on Dec 11)
Sai Life Sciences, a leading contract research, development, and manufacturing organization (CRDMO), plans to raise ₹3,042.69 crore via its IPO. The offer comprises an OFS of 3.81 crore shares and a fresh issue of shares worth ₹950 crore. The IPO will be priced between ₹522 and ₹549 per share. The subscription window will be open from December 11 to December 13, with listing expected on December 18.
MobiKwik IPO (Opens on Dec 11)
MobiKwik, the popular fintech and online payments platform, is aiming to raise ₹572 crore through its IPO, which consists of a fresh issue of 2.05 crore shares. The price band for the offer has been set between ₹265 and ₹279 per share. Retail investors can apply for a minimum lot size of 53 shares for ₹14,787. The subscription window will be open from December 11 to December 13, with shares expected to list on December 18.
Inventurus Knowledge Solutions IPO (Opens on Dec 12)
Backed by Rekha Jhunjhunwala, Inventurus Knowledge Solutions, which offers technology-driven healthcare solutions, is set to launch its IPO on December 12. The issue will remain open until December 16, with the listing scheduled for December 19. Further details will be announced soon.
SME IPOs to Watch
In addition to the major IPOs, there are five SME IPOs set to open for subscription next week:
- Dhanlaxmi Crop Science IPO (Opens on Dec 9)
- Raising ₹23.8 crore through the issue of 43.28 lakh shares.
- Subscription window: December 9-11
- Tentative listing date: December 16
- Toss The Coin IPO (Opens on Dec 10)
- Raising ₹9.17 crore with a fresh issue of 5.04 lakh shares.
- Subscription window: December 10-12
- Tentative listing date: December 17
- Jungle Camps India IPO (Opens on Dec 10)
- Raising ₹29.42 crore via a fresh issue of 40.86 lakh shares.
- Subscription window: December 10-12
- Tentative listing date: December 17
- Purple United Sales IPO (Opens on Dec 11)
- Raising ₹32.81 crore with 26.04 lakh shares on offer.
- Subscription window: December 11-13
- Tentative listing date: December 18
- Supreme Facility Management IPO (Opens on Dec 11)
- Raising ₹50 crore through the issue of 65.79 lakh shares.
- Subscription window: December 11-13
- Tentative listing date: December 18
Upcoming Listings
Apart from the IPOs, three companies are scheduled to make their market debut next week:
- Property Share Investment Trust SM REIT – Listing on the BSE on December 9
- Nisus Finance Services Co – Listing on the BSE SME platform on December 11
- Emerald Tyre Manufacturers Ltd – Listing on the NSE SME platform on December 12
