As the year winds down, the Indian primary market is heating up with a lineup of exciting upcoming IPOs in December 2024. Investors and market enthusiasts alike are eagerly anticipating these entries, which promise to bring fresh opportunities and innovative business models to the forefront.
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. Let’s dive into the upcoming IPOs in December 2024.
Mamata Machinery – Transforming the Packaging Industry
Mamata Machinery is a leading manufacturer and exporter of various packaging machines, including those for producing plastic bags and pouches, as well as extrusion equipment. The company offers manufacturing solutions for the packaging sector, focusing primarily on direct consumer brands within the FMCG, food, and beverage industries. Additionally, Mamata Machinery provides bag and pouch-making machines to converters and service providers catering to the FMCG and consumer markets.
The company’s clientele includes well-known names such as Balaji Wafers, Dass Polymers, Chitale Foods, and Emirates National Factory for Plastic Ind LLC. This diverse range of customers highlights Mamata Machinery’s strong reputation and significant footprint in the packaging industry.
MobiKwik: Most Awaited in Upcoming IPOs in December 2024
One Mobikwik Systems is expected to launch its IPO in December 2024. The company is aiming to raise approximately INR 1,900 crore. Founded in 2009, MobiKwik has established itself as a prominent player in the digital payments sector, initially focusing on mobile wallet services and expanding into various financial solutions. The IPO will consist of a fresh issue of INR 1,500 crore and an offer for sale of INR 400 crore by existing shareholders.
The company’s business model includes three primary segments: Buy Now Pay Later (BNPL), consumer payments through the MobiKwik Wallet, and payment gateway services via Zaakpay. With over 101 million registered users and a vast network of e-commerce and retail partners. While the exact dates for the IPO have yet to be officially confirmed, MobiKwik’s upcoming public offering is generating significant interest among investors looking to tap into the digital finance market.
Avanse Financial – Financial Fuel For Higher Education
Avanse Financial Services is preparing for a significant IPO valued at INR 3,500 crore, which includes a fresh issue of INR 1,000 crore and an offer for sale of INR 2,500 crore, the exact opening and closing dates are yet to be confirmed, though it is anticipated to occur in December. Avanse Financial Services is a non-banking financial company (NBFC) that focuses on education in India. The company provides a comprehensive range of educational products, including student loans and growth capital for educational institutions via infrastructure loans.
Vishal Mega Mart – One of the Biggest IPOs in December 2024
Vishal Mega Mart is ready to launch its IPO, targeting a raise of approximately INR 8,000 crore. This IPO will consist entirely of an offer-for-sale (OFS) by its promoter, Samayat Services LLP, with no new equity being issued. The funds raised will be used to support the company’s expansion, enhance digital capabilities, and strengthen its supply chain.
Vishal Mega Mart has grown into one of India’s largest retail chains, operating over 600 stores nationwide. The company offers a diversified range of products, including groceries, apparel, and electronics, focusing on affordability and quality. While the dates of the IPO are not disclosed yet, It is expected to hit the primary market in December.
Emerald Tyres IPO
Emerald Tyre is prepared to launch its IPO with a total issue size of approximately INR 49.26 crore. The IPO will consist of a fresh issue of shares worth INR 47.37 crore and an offer for sale of INR 1.89 crore. The subscription period for the IPO is scheduled to open on 5 December 2024 and close on 9 December 2024, with the listing date on 12 December 2024.
Established in 2002, Emerald Tyre specializes in manufacturing and supplying a wide range of tires for material handling applications, including those for forklifts and agricultural machinery. The company has built a strong reputation under the brand name “GRECKSTER” and exports its products to various international markets, including the USA and Europe. The proceeds from the IPO will be utilized to meet capital expenditure requirements and support general corporate purposes. Among these upcoming IPOs in December 2024, Emerald Tyres is the only tyre manufacturer.
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Nisus Finance IPO
Nisus Finance is also preparing for its IPO, targeting an issue size of approximately INR 114.24 crore which consists of a fresh issue of INR 101.62 crore and an Offer for Sale of INR 12.61 crore. The IPO is set to open for subscription from 4 – 6 December 2024 with the listing expected on 11 December 2024.
Nisus Finance focuses on providing financial services tailored to small and medium enterprises (SMEs) in India. The company aims to leverage the funds raised through this IPO to expand its operations and enhance its service offerings, positioning itself to capitalize on the growing demand for accessible financial solutions in the market. With a commitment to supporting SME growth, Nisus Finance is well-positioned for future development as it prepares for its public debut.
Conclusion: A Month of Possibilities
As December 2024 approaches, these upcoming IPOs in December 2024 represent not just investment opportunities but also a chance to be part of innovative ventures shaping the future of various industries in India. Whether you’re looking to invest in fintech, Finance, Packaging Machinery, or Tyre Manufacturing something is exciting on the horizon for every investor. For the latest IPO Approval from SEBI stay tuned to IPO Central.
