The upcoming week, starting 09 December 2024 promises to be a landmark period for the Indian primary market, with eleven IPOs scheduled to open for subscription. This flurry of activity underscores the strong interest in the IPO market, with a total capital raise of approximately INR 18,592.75 crore expected from these offerings.
This calculation excludes the issue size of Inventurus Knowledge Solutions. Out of the total amount, INR 15,839.62 crore is anticipated from mainboard IPOs, while INR 255.22 crore is expected from SME IPOs. Among these, Vishal Mega Mart stands out as the largest IPO, targeting a massive INR 8,000 crore, whereas Toss The Coin represents the smallest offering at INR 9.17 crore. With such a diverse lineup of IPOs next week, investors are gearing up for a vibrant market, showcasing opportunities across various sectors.
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Mainboard IPOs Next Week
Vishal Mega Mart – Biggest Among IPOs Next Week
Vishal Mega Mart caters to middle and lower-middle-income consumers in India, offering a wide range of products across apparel, general merchandise, and FMCG categories. With 645 stores nationwide, along with a mobile app and website, it provides convenient and accessible shopping options for both aspirational and everyday needs.
IPO Details: The subscription window will be open from 11 December 2024 to 13 December 2024, with a price band set at INR 74 to INR 78 per share. The shares are expected to be listed on the BSE and NSE on 18 December 2024.
MobiKwik (One MobiKwik Systems) –
One Mobikwik Systems is a leading fintech company in India, recognized as one of the largest mobile wallet (MobiKwik Wallet) and Buy Now Pay Later (BNPL) providers, based on gross merchandise value (GMV) for both services in FY 2024. From FY 2022 to FY 2024, the company’s Payment GMV grew at an annual rate of 45.88%, while the MobiKwik ZIP GMV (disbursements) saw an impressive growth rate of 112.16% annually.
IPO Details: The subscription period runs from 11 to 13 December 2024, with a price band of INR 265 to INR 279 per share. The expected listing date is also on 18 December 2024.
Sai Life Sciences
Sai Life Sciences is the fastest-growing contract research, development, and manufacturing organization (CRDMO). It is also one of the few CRDMOs to have research laboratories for discovery and development located near overseas innovation hubs at Watertown (Greater Boston, MA), United States (US), and Manchester, United Kingdom (UK), complemented by large-scale research laboratories and manufacturing facilities in cost competitive locations in India.
IPO Details: This IPO will open for subscription from 11 to 13 December 2024, with shares listed on the BSE and NSE on 18 December 2024.
Inventurus Knowledge Solutions
Inventurus Knowledge Solutions is a technology-driven healthcare solutions provider specializing in care enablement platforms. It supports physician enterprises across the US, Canada, and Australia, with a strong emphasis on the US market. As a trusted partner for both outpatient and inpatient care organizations, the company empowers healthcare providers to enhance clinical outcomes, boost population health, and transition smoothly to a “fee for value” model. Along the way, it helps optimize revenue streams and reduce operational expenses.
IPO Details: The subscription window opens from 12 to 16 December 2024, with shares expected to list on the NSE and BSE on 19 December 2024.
International Gemmological Institute – Second Biigest Among IPOs next Week
The International Gemological Institute (IGI) is the world’s second-largest independent certification and accreditation services provider for diamonds, studded jewellery, and coloured stones, with a global market share of approximately 33% based on certifications conducted in CY2023. Established in 1975 in Belgium, IGI has built a strong reputation as a leading certifier, particularly excelling in the laboratory-grown diamond segment, where it holds a commanding 65% market share.
IPO Details: The subscription window opens from 13 to 17 December 2024, with shares expected to be listed on the NSE and BSE on 20 December 2024.
SME IPOs Next Week
Supreme Facility Management
Supreme Facility Management is a comprehensive business services provider specializing in Integrated Facility Management (IFM) and a wide range of tailored support services for various industries. Its IFM portfolio includes staffing services, offering workforce solutions for diverse support functions. The company also delivers soft services such as housekeeping, cleaning, disinfecting, sanitizing, pest control, horticulture, and facade cleaning. Additionally, it provides hard services, including maintenance, repair, overhaul, and performance management of electrical, plumbing, and general maintenance systems, ensuring seamless operational efficiency for its clients.
IPO Details: The subscription period is from 11 to 13 December 2024, with shares expected to be listed on the NSE SME platform on 18 December 2024.
Purple United Sales
Started in 2014, Purple United Sales is a premium fashion brand dedicated to offering high-quality, versatile apparel, footwear, and accessories for children of all ages. Its operations include designing, developing, sourcing, marketing, and selling apparel and footwear for infants (0 to 1 year), toddlers (2 to 6 years), and older kids (7 to 14 years), it also offers a wide range of accessories and hard goods, such as strollers, etc. The company has a flagship brand “Purple United Kids”.
IPO Details: The subscription window opens from 11 to 13 December 2024, with a tentative listing date of 18 December 2024.
Toss The Coin – Smallest Among IPOs Next Week
Toss The Coin is a marketing consulting company that provides custom-made marketing services to clients. The company acts as a growth accelerator, helping businesses grow by implementing marketing operations that are creative, responsible, and sustainable. The company has a dedicated team well-versed in all technologies, enabling businesses to thrive with strategy-led and creatively backed market plans.
IPO Details: The subscription will be available from 10 to 12 December 2024, with shares expected to list on the BSE SME platform on 17 December 2024.
Jungle Camps India
Founded in 2002, the company launched its first lodge, Pench Jungle Camp, set within a sprawling 50-acre natural forest estate, offering guests an immersive jungle experience. In 2018, the company expanded with Kanha Jungle Camp, leveraging years of expertise and guest feedback. Encouraged by positive responses, the company further added Tadoba Jungle Camp in 2021 and Rukhad Jungle Camp in 2022 to its portfolio.
Jungle Camps India is dedicated to providing luxury experiences with a focus on conservation. The camps were established not only as a business venture but also to offer guests unique and memorable stays in natural and rustic settings. The aim is to deliver authentic, responsible, and immersive experiences, showcasing the best of Indian wildlife and hospitality. As of 7 December 2024, GMP of Jungle Camps India IPO is INR 72 per share, making it most popular among IPOs next week.
IPO Details: This IPO opens for subscription from 10 to 12 December 2024, with shares listing on the BSE SME platform on the tentative date of 17 December 2024.
Yash High Voltage – Power Sector Player Among IPOs Next Week
Yash Highvoltage specializes in the manufacturing and distribution of a broad range of transformer bushings, including Oil Impregnated Paper (OIP) condenser bushings, Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) condenser bushings, as well as High Voltage and High Current bushings, OIP wall bushings, and Oil to Oil bushings. The company also offers services such as repairing, retrofitting, and replacing old bushings. Additionally, it provides both on-site and off-site technical testing, analysis, and repair services for bushings.
IPO Details: This IPO opens for subscription from 12 to 16 December 2024, with shares listing on the BSE SME platform on the tentative date of 19 December 2024.
Dhanlaxmi Crop Science
Dhanlaxmi Crop Science is a technology-driven seeds company with over 18 years of experience in the Indian seeds industry. The company focuses on developing, producing, processing, and selling seeds for various field crops and vegetables. By combining traditional breeding methods with advanced biotechnology tools, Dhanlaxmi Crop Science aims to produce hybrid and open-pollinated seeds that offer higher yields, improved quality, and greater resistance to pests and diseases compared to naturally occurring varieties.
IPO Details: This IPO opens for subscription from 9 to 11 December 2024, with shares listing on the BSE SME platform on the tentative date of 16 December 2024.
Summary of Upcoming IPOs Next Week
The upcoming IPOs next week promise an exciting lineup of IPOs that cater to diverse sectors within the Indian economy. With significant capital at stake, investors are keenly watching these offerings, especially the larger players like Vishal Mega Mart and MobiKwik. The anticipated activity highlights a vibrant primary market as we approach the end of the year.
In the next week, three listings are expected in the primary market, including one REIT issue and two SME IPOs. In conclusion, as we look forward to these developments in the primary market, keep an eye out for updates regarding these upcoming IPOs next week.
As of November 2024, the Indian primary market has seen a total of 77 Mainboard IPOs and 230 SME IPOs. Out of this, 60 Mainboard listings have achieved positive performance, while 207 SME listings have also performed well. However, there were challenges as well, with 17 Mainboard IPOs and 23 SME IPOs experiencing negative returns. Notably, the average listing day return stands at an impressive 27.59% for Mainboard IPOs and a remarkable 59.81% for SME IPOs, underscoring the potential for significant gains in this dynamic market. For more information related to IPO GMP, SEBI IPO Approval, Live Subscription, stay tuned to IPO Central.
