Vishal Mega Mart, MobiKwik, Sai Life Sciences, 2 other IPOs open for subscription: All you need to know

IPOs today: Wednesday, December 11, is an exciting day as three major initial public offerings (IPOs) — Vishal Mega Mart, Sai Life Sciences, and One MobiKwik Systems — open for public subscription.

In addition to the mainboard IPOs, Supreme Facility Management and Purple United Sales also launched SME offers in the primary market.

IPOs on December 11, 2024; check list

• Vishal Mega Mart IPO
• Sai Life Sciences IPO
• One MobiKwik Systems IPO
• Supreme Facility Management IPO
• Purple United Sales IPO

Vishal Mega Mart IPO

Vishal Mega Mart, which is backed by Kedaara Capital, has set a price band of ₹74-₹78 per share for its initial share sale, which will conclude on December 13.

The ₹8000 crore IPO is an offer for sale (OFS) of shares by Samayat Services LLP without any fresh issue component.

Since the issue is completely an OFS, the firm will not receive any proceeds from the share sale.

MobiKwik IPO

The money generated will be used to fund the financial technology firm's financial services and payment services businesses and research and development in machine learning, data, artificial intelligence, and product and technology. A part will also be used for capital expenditures for its payment devices business and corporate general purposes.

On Tuesday, MobiKwik mobilised ₹257 crore from anchor investors, including Government Pension Fund (Norges Fund), Morgan Stanley Investments, Eastspring Investments, 360 One Asset & Wealth Management, White Oak Capital, HDFC Mutual Fund (MF), SBI MF, Axis MF and SBI General Insurance.

Sai Life Sciences IPO

On Tuesday, the company mobilised ₹913 crore in the anchor round for investors, including INQ Holding LLC, Fidelity Funds, SmallCap World Fund Inc, Goldman Sachs Funds, Abu Dhabi Investment Authority, BlackRock, Nippon India Mutual Fund (MF), Axis MF, Kotak Mahindra MF and HDFC MF.

Supreme Facility Management IPO

Supreme Facility Management's ₹50 crore IPO, with ₹72-₹76 price band, is solely a fresh issue of 65.79 lakh equity shares. The company shares will be listed on the NSE SME platform Emerge on December 18.

Purple United Sales IPO

The NSE SME initial share sale of Purple United Sales is a fresh issue of 26.04 lakh shares with no OFS portion. With a price range of ₹121 to ₹126 apiece, the minimum lot size is 1000 shares, requiring an investment of ₹126,000.