Buzzing! The primary market will be packed with IPOs this week. IPOs of Vishal Mega Mart and Mobikwik will hit the street. There are a total of 5 mainboard IPOs this week. The SME platform will see 6 IPO openings.
Mainboard IPO
Vishal Mega Mart IPO
Vishal Mega Mart IPO will raise Rs 8,000 crore. The company will offload 102.56 crore shares of the promoters and other shareholders. The IPO will open on December 11 and closes on December 13. The allotment for the Vishal Mega Mart IPO is expected to be finalised on December 16. While the listing on the bourses will likely be on December 18. The IPO price band is set between Rs 74 to Rs 78 per equity share. Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India Company are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.
Sai Life Sciences IPO
Sai Life Sciences IPO will raise Rs 3,042.62 crore from the primary markets. The company will sell 1.73 crore fresh shares and offload 3.81 crore shares of promoters’ shares. The IPO will open for subscription on December 11 and closes on December 13. The allotment for the IPO is expected to be finalised on December 16. The IPO will likely be listed on BSE and NSE on December 18. The IPO price band is between Rs 522 to Rs 549 per share. Kotak Mahindra Capital Company, Jefferies India, Morgan Stanley India Company, and IIFL Securities are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.
Mobikwik IPO
Mobikwik IPO will raise Rs 572 crore by selling 2.05 crore fresh shares. The IPO will open on December 11 and close on December 13. The allotment for the Mobikwik IPO is expected to be finalised on December 16. The listing on the exchanges will likely be on December 18. The IPO’s price band ranges between Rs 265 to Rs 279 per equity share. SBI Capital Markets and Dam Capital Advisors (Formerly IDFC Securities) are the book-running lead managers of the IPO, while Link Intime India is the registrar for the issue.
Inventurus Knowledge Solutions IPO
The Jhunjhunwala-backed Inventurus Knowledge Solutions is entirely an offer for sale of Rs 1.88 crore shares. The IPO will open on December 12 and close on December 16. The allotment for the shares is expected to be finalised on December 17. The IPO will likely be listed on December 19, as per the tentative schedule. The IPO price band is yet to be announced. ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India and Nomura Financial Advisory And Securities (India) are the book-running lead managers of the IPO, while Link Intime India is the registrar for the issue.
International Gemmological Institute IPO
The IPO size of the International Gemmological Institute IPO is Rs 4,225 crore. The issue is a combination of fresh shares and an offer for sale. The IPO will open for subscription on December 13 and close on December 17. The allotment of shares is expected to be finalised on December 18. The IPO is likely to be listed on BSE and NSE on December 20. The IPO price band is yet to be announced. Axis Capital, Kotak Mahindra Capital Company, Morgan Stanley India Company, and SBI Capital Markets are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.
There will be five SME IPOs opening in the second week of December 2024. Starting with Dhanlaxmi Crop Science on December 09, the SME platform will see the launch of Jungle Camps India and Toss The Coin on December 10. Supreme Facility Management and Purple United Sales will open on December 11. Yash Highvoltage will open the IPO on December 12.
“As India’s secondary market soars to new heights with benchmark indices hitting record levels daily, the primary markets are equally electric, teeming with activity. What was once the domain of institutional investors is now seeing a remarkable surge in retail participation. This shift is being fuelled by the allure of higher returns and the growing ease of access to financial markets, making it an exciting time for individual investors to dive in,” said Pantomath Capital Advisors, a mid-market investment bank.