Upcoming IPOs in December 2024: Vishal Mega Mart, Gemological Institute among 10 companies aim to raise ₹20,000 crore; check list

By Upstox News Desk

3 min read | Updated on November 25, 2024, 09:12 IST

SUMMARY

Upcoming IPOs in December 2024: TPG Capital-backed Sai Life Sciences, education-focused NBFC Avanse Financial Services, investment bank DAM Capital Advisors and hospital chain operator Paras Healthcare will also likely launch their IPOs next month.

While the IPOs raised record funds in 2024, some recent offers have struggled in the secondary market.

Upcoming IPOs in December 2024: The last month of 2024, December, is expected to be vibrant for the primary market as at least ten companies, including Blackstone-owned diamond grading firm International Gemological Institute (India) and supermart chain Vishal Mega Mart, are anticipated to raise ₹20,000 crore collectively.

TPG Capital-backed Sai Life Sciences, education-focused NBFC Avanse Financial Services, investment bank DAM Capital Advisors and hospital chain operator Paras Healthcare will also likely launch their IPOs in December, merchant bankers told news agency PTI.

Packaging equipment maker Mamata Machinery, diagnostic chain Suraksha Diagnostic and infrastructure turnkey solutions provider Transrail Lighting will also come up with their IPOs next month.

The companies are expected to raise ₹20,000 crore combined, including fresh issues and offers for sale.

Upcoming IPOs in December 2024 (Expected): Check list

International Gemological Institute IPO
Vishal Mega Mart IPO
Sai Life Sciences IPO
Avanse Financial Services IPO
DAM Capital Advisors IPO
Paras Healthcare IPO
Suraksha Diagnostic IPO
Mamata Machinery IPO
Transrail Lighting IPO

While the IPOs raised record funds in 2024, some recent offers have struggled in the secondary market due to a bearish run amid weak Q2 results and geopolitical conditions.

IPOs in November: Here’s how newly listed stocks have performed so far this month

In 2024, 75 companies, including Swiggy, Hyundai Motor India, NTPC Green Energy, Ola Electric Mobility, FirstCry's parent Brainbees Solutions, Bajaj Housing Finance, and Waaree Energies, have already collected around ₹1.3 lakh crore collectively via mainboard issues. In all of 2023, 57 companies mobilised ₹49,436 crore.

The firms are taking the primary market route to offer an exit opportunity to existing shareholders, generate funds for expansion plans, clear debt, and meet working capital requirements.

Vishal Mega Mart IPO

The ₹8,000 crore IPO of Vishal Mega Mart will be completely an offer-for-sale (OFS) of equity shares by promoter Samayat Services LLP. As per the updated draft red herring prospectus (DRHP), there will be no fresh issue component.

International Gemological Institute IPO

DRHP showed that Gemmological Institute intends to raise ₹4,000 crore through the fresh issuance of shares worth ₹1,250 crore and an OFS of 2,750 crore.

Avanse Financial Services IPO

Avanse Financial Services's ₹3,500 crore issue is a mix of fresh issue and OFS. The funds generated will increase the company's capital base for future needs.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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Upcoming IPOs in December 2024: Vishal Mega Mart, Gemological Institute among 10 companies aim to raise ₹20,000 crore; check list

Upcoming IPOs in December 2024 (Expected): Check list

Vishal Mega Mart IPO

International Gemological Institute IPO

Avanse Financial Services IPO

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