Introduction: The IPO buzz is back
The primary market is buzzing with activity this week, as major players like Vishal Mega Mart and Mobikwik are all set to hit the D-Street alongside several other companies. With a lineup that spans across sectors like retail, fintech, pharmaceuticals, and even gems, investors are spoilt for choice. Whether you’re a seasoned investor or a beginner, this week’s IPO calendar promises something for everyone.
Also read: Suraksha Diagnostic Limited IPO: All you need to know
Mainboard IPOs: Big Players Entering the Market
| Company Name | IPO Size (₹ Cr) | Subscription Dates | Price Band (₹) | Lot Size | Grey Market Premium (₹) | Expected Listing Date |
| Vishal Mega Mart | 8,000 | Dec 11 – Dec 13 | 74-78 | 190 shares | 20 | 18 Dec 2024 |
| Mobikwik | 572 | Dec 11 – Dec 13 | 265-279 | 53 shares | 120 | 18 Dec 2024 |
| Sai Life Sciences | 3,042.62 | Dec 11 – Dec 13 | 522-549 | 27 shares | 21 | 18 Dec 2024 |
| Inventurus Knowledge Solutions | 2,500 | Dec 12 – Dec 16 | 1265 –1329 | 11 shares | 350 | 19 Dec 2024 |
| International Gemmological Institute | 4,225 | Dec 13 – Dec 17 | 397-417 | 35 shares | 145 | 20 Dec 2024 |
The mainboard IPOs are led by heavyweights like Vishal Mega Mart, Sai Life Sciences, and Mobikwik. Here’s what you need to know about the big names making waves:
Spotlight on Vishal Mega Mart: A Retail Giant’s Market Debut
Vishal Mega Mart, India’s leading fashion-led hypermarket chain, is set to launch a significant IPO, entirely an offer-for-sale (OFS) by existing shareholder Samayat Services. Founded in 2001 by Ram Chandra Agarwal, the company has expanded to over 600 stores across India, primarily in smaller cities, offering a diverse range of clothing and grocery items. Agarwal’s vision transformed a modest venture into a retail powerhouse, competing with industry giants like Reliance and Tata Group’s Trent.
Also read: Vishal Mega Mart Sets Mid-December Target for ₹8,000 Crore IPO
MobiKwik: Pioneering Digital Payments
MobiKwik, established in 2009 by Bipin Preet Singh and Upasana Taku, has evolved into one of India’s leading digital banking platforms. The company offers a wide array of financial products, including payments, digital credit, and investments, leveraging big data analytics and machine learning to enhance user experience. The upcoming IPO aims to fund growth in financial services, payment devices, and technology upgrades, with shares expected to trade at a 43% premium to the issue price.
You may also like: Mobikwik Turns Profitable in FY24, Ready for IPO
Sai Life Sciences: Advancing Healthcare Solutions
Sai Life Sciences, a contract research and manufacturing organization, provides drug discovery, development, and manufacturing services to the global pharmaceutical industry. The company boasts a team of over 2,100 scientific staff, including 276 PhDs, and operates in the United States, the United Kingdom, and India. The IPO, comprising a mix of fresh equity and an OFS, offers investors exposure to the thriving healthcare sector.
Inventurus Knowledge Solutions: Streamlining Healthcare Administration
Backed by Rekha Jhunjhunwala, Inventurus Knowledge Solutions specializes in technology-enabled healthcare solutions, focusing on revenue integrity, medical coding, and clinical documentation for the healthcare industry. The company provides services to over 800 organizations, primarily in the U.S. The IPO is entirely an OFS, allowing existing shareholders to divest their holdings.
International Gemmological Institute: Enhancing Global Presence
The International Gemmological Institute (IGI), renowned for its gemological grading and certification services, plans to utilize the IPO proceeds to fund global acquisitions and strengthen its corporate capabilities. This strategic move aims to expand IGI’s footprint in the gemological industry, catering to a growing international clientele.
These upcoming IPOs present diverse investment opportunities across various sectors, reflecting the dynamic nature of India’s economic landscape.
SME IPOs: Small Players, Big Opportunities
| Company Name | IPO Size (₹ Cr) | Price Band (₹) | Subscription Dates |
| Dhanlaxmi Crop Science | 23.8 | 52-55 | Dec 9 – Dec 11 |
| Jungle Camps India | 29.42 | 68-72 | Dec 10 – Dec 12 |
| Toss The Coin | 9.17 | 172-182 | Dec 10 – Dec 12 |
| Purple United Sales | 32.81 | 121-126 | Dec 11 – Dec 13 |
| Supreme Facility Management | 50 | 72-76 | Dec 11 – Dec 13 |
| Yash Highvoltage | TBD | TBD | Dec 12 – Dec 16 |
What Makes This Week Special?
This week’s IPO lineup showcases a mix of industry giants and emerging players, offering something for every investor. From retail to fintech, healthcare to jewellery certification, the diversity in offerings underscores the robust investor sentiment in India’s primary markets.
Also read: NTPC Green Energy’s ₹10,000 Crore IPO Details
How Should You Approach These IPOs?
Whether you’re a retail investor or an HNI, this week’s IPO calendar demands a strategy. Focus on sectors you understand, review GMP trends, and consider your financial goals before bidding. For first-time investors, the relatively smaller SME IPOs might provide an accessible entry point.
