Upcoming IPOs this week: Vishal Mega Mart, MobiKwik among 9 IPOs set to open for subscription

In the last month of the calendar year 2024, the momentum in the primary market has not slowed down. So far this year, more than 300 companies have raised nearly ₹1.4 lakh crore through their initial public offerings (IPO) and the remaining weeks of 2024 seem to remain abuzz with the launch of new public offers.

The primary market is set to be busy during the week starting on December 9, with as many as eight IPOs opening for subscription. Meanwhile, shares of three companies will make their market debut this week.

Vishal Mega Mart IPO (Issue opens on Dec 11)

Vishal Mega Mart IPO subscription window will remain open from December 11 to December 13.

Vishal Mega Mart plans to raise ₹8,000 crore via its public issue. Vishal Mega Mart IPO consists of only an offer-for-sale (OFS) component of 102.56 crore shares.

Vishal Mega Mart's IPO price band was fixed at ₹74 to ₹78 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 190 shares, aggregating to an investment of ₹14,820.

Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.

The share allotment status of Vishal Mega Mart's IPO is likely to be finalised on Monday, December 16. The company's shares will be listed on the BSE and NSE. The tentative listing date is Wednesday, December 18.

Sai Life Sciences IPO (Issue opens on Dec 11)

The share allotment status of Sai Life Sciences IPO will be finalised on Monday, December 16. Shares of Sai Life Sciences IPO will be listed on the BSE and NSE. The tentative listing date is Wednesday, December 18.

Sai Life Sciences Ltd is a contract research, development, and manufacturing organisation (CRDMO). The company provides services to global pharma companies and biotechnology firms in the area of drug discovery and development.

MobiKwik IPO (Issue opens on Dec 11)

One MobiKwik Systems Limited (MobiKwik IPO) subscription window will remain open from December 11 to December 13.

The online payments platform provider plans to raise ₹572 crore via its public issue. Mobikwik IPO consists of a fresh issuance of 2.05 crore shares.

MobiKwik IPO price band was fixed at ₹265 to ₹279 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 53 shares, aggregating to an investment of ₹14,787.

The share allotment status of MobiKwik IPO is likely to be finalised on Monday, December 16. The company's shares will list on the BSE and NSE. The tentative listing date is Wednesday, December 18.

Gurugram-based MobiKwik was incorporated in March 2008. This fintech company offers range of payment services, enabling consumers to pay utility bills, to make payments for online and offline purchases, transfer of money and scan QR codes and make payments using UPI.

Inventurus Knowledge Solutions IPO (Issue opens on Dec 12)

Rekha Jhunjhunwala-backed Inventurus Knowledge Solutions (IKS Health), which offers technology-driven healthcare solutions to healthcare enterprises like handling administrative chores/work will also open for susbcription next week.

Inventurus Knowledge Solutions IPO subscription window will remain open from December 12 to December 16. The share allotment status of the public issue will be finalised on Tuesday, December 17. Shares of Inventurus Knowledge Solutions will be listed on the NSE, BSE. The tentative listing date for the shares is Thursday, December 19. Other key details about this IPO will be announced soon.

Dhanlaxmi Crop Science IPO (Issue opens on Dec 9)

Incorporated in 2005, Dhanlaxmi Crop Science is primarily engaged in developing, producing, processing and selling seeds for various field crops and vegetables.

Toss The Coin IPO (Issue opens on Dec 10)

Toss The Coin Limited IPO subscription window will remain open from December 10 to December 12. The marketing consulting company aims to raise ₹9.17 crore through a fresh issuance of 5.04 lakh shares. The share allotment status of the public issue will be decided on Friday, December 13. Shares of the company will list on the BSE SME platform. The tentative listing date for the public issue is December 17.

Toss The Coin Limited, incorporated in 2020, offers custom-made marketing services to clients in the B2B segment. The company mainly caters to start-ups, SMEs, and large enterprises in the IT services space.

Jungle Camps India IPO (Issue opens on Dec 10)

Jungle Camps India IPO will open for subscription on Tuesday, December 10. The subscription window of the public issue will close on Thursday, December 12. The company plans to raise ₹29.42 crore via its public issue, which consists of a completely fresh issue of 40.86 lakh shares.

The share allotment status of Jungle Camps India IPO will be decided on Friday, December 13. Shares of the company will be listed on the BSE SME platform. The tentative listing date for the company’s shares is December 17.

Jungle Camps India Limited was incorporated in 2002. The hospitality company operates 87 rooms across four boutique wildlife resorts and two highway restaurants. The company has positioned itself as a conservation-focused hospitality group with a strong emphasis on sustainable tourism.

Purple United Sales IPO (Issue opens on Dec 11)

Purple United Sales IPO subscription window will remain open from December 11 to December 13. Purple United Sales IPO is worth ₹32.81 crore and consists of an entirely fresh issue of 26.04 lakh shares. The basis of allotment of the public issue will be finalised on December 16. The tentative listing date for the company’s shares is Wednesday, December 18. Shares of Purple United Sales will list on the NSE SME platform.

Purple United Sales was incorporated in 2014. The company sells clothing, shoes and accessories for children.

Supreme Facility Management IPO (Issue opens on Dec 11)

The Supreme Facility Management IPO subscription window will remain open from December 11 to December 13. Supreme Facility Management IPO is worth ₹50 crore and consists of an entirely fresh issue of 65.79 lakh shares. The basis of allotment of the public issue will be finalised on December 16. The tentative listing date for the company’s shares is Wednesday, December 18. Shares of Supreme Facility Management will be listed on the NSE SME platform.

Supreme Facility Management offers integrated facility management services, including housekeeping, cleaning, disinfecting, and other services to corporate and businesses.

International Gemmological Institute

The ₹4,225 crore initial share sale, with a price band of ₹397-₹417 a unit, is a fresh issue of ₹1,475 crore and an offer-for-sale (OFS) of ₹2,750 crore. It will be open from December 13 to December 17.

An interested investor can bid for at least 35 equity shares valued at ₹14,595.

3 listings scheduled

Property Share Investment Trust SM REIT will be listed on the BSE on December 9. Shares of Nisus Finance Services Co will be listed on the BSE SME platform on December 11, and shares of Emerald Tyre Manufacturers Limited will make their debut on the NSE SME platform on December 12.