The primary market in the coming week is going to be in buoyant mood with the strong comeback of bulls in the secondary market amid RBI event, as total 11 IPOs are set to open for subscription including five from the mainboard segment.
The total fund raising size by these 11 companies is going to be around Rs 18,500 crore, taking the total to more than Rs 1.64 lakh crore worth of IPOs launched in the current calendar year. According to experts, the coming year 2025 is also expected to be strong considering the continuation of bull-run despite intermittent corrections.
"Indian markets continue to remain in the bull-run phase. The recent correction is transitionary and in fact healthy for the longevity of the bull-run," Mohit Khanna, the Fund Manager at Purnartha said.
According to him, the breadth of businesses that are vying listing is encouraging; quick-commerce, e-commerce platform, retailers, logistics, QSR, etc. are sectors that are likely to get listed next year. "This will keep our primary markets vibrant and buoyant in 2025," he said.
Vishal Mega Mart will be among three IPOs opening for subscription next week on December 11. The hypermarket chain is planning to raise Rs 8,000 crore through its public issue at the upper end of price band of Rs 74-78 per share. The issue comprises of entirely an offer-for-sale by promoter Samayat Services LLP. The last day for bidding the offer will be December 13.
Private equity major TPG Capital-backed Sai Life Sciences will also open its Rs 3,043-crore initial share sale on December 11 and close on December 13, with a price band of Rs 522-549 per share. The IPO is a combination of fresh issue of Rs 950 crore, and an offer-for-sale of 3.8 crore shares worth Rs 2,092.6 crore.
The Rs 572-crore One Mobikwik Systems IPO, too, will hit Dalal Street on December 11. The price band for the offer, which closes on December 13, has been fixed at Rs 265-279 per share. The book-built issue consists of solely fresh issue by the company.
Inventurus Knowledge Solutions IPO
The public subscription for healthcare technology company Inventurus Knowledge Solutions, which is backed by ace investor Rekha Jhunjhunwala, will start on December 12 and close on December 16. It is entirely an offer-for-sale by existing shareholders. The price band will be announced on coming Monday, but considering the price of Rs 1,329 per share at which promoters and other shareholders sold stake to several institutional investors on December 6-7, the IPO size comes to around Rs 2,498 crore.
International Gemmological Institute IPO
The Rs 4,225 crore IPO of Blackstone-backed International Gemmological Institute is slated to open for subscription on December 13 and close on December 17. The company that provides certification and accreditation services for diamonds, studded jewellery and coloured stones will announce price band on December 9. The IPO is a mix of fresh issue of Rs 1,475 crore, and an offer-for-sale of Rs 2,750 crore worth shares by promoter BCP Asia II TopCo Pte.
This will be first IPO from the SME (small medium enterprise) segment, opening for public subscription during December 9-11 with a price band of Rs 52-55 per share. The seeds producer is planning to raise Rs 23.8 crore at the upper price band.
The wildlife camps and hotels operator will also launch IPO next week on December 10. It targets to raise Rs 29.4 crore via initial public offering of 40.86 lakh shares at the upper end of price band of Rs 68-72 per share.
The Chennai-based marketing consulting company is also set to hit Dalal Street with its Rs 9.2 crore initial share sale. This issue will also open on December 10 and close on December 12, while the price band for the offer has been fixed at Rs 172-182 per share.
Purple United Sales, the fashion brand, will be the fourth initial public offering from the SME segment next week, launching on December 11 and closing on December 13. The company targets to raise Rs 32.8 crore via book-built issue, while its price band is Rs 121-126 per share.
Supreme Facility Management IPO
The Pune-based facility management company is also ready to open its Rs 50-crore IPO for public subscription on December 11. The price band for the offer has been fixed at Rs 72-76 per share.
The transformer bushings manufacturer will open its maiden public issue of 75.35 lakh shares on December 12 and close on December 16. The company will announce price band for its book-built issue next week.
Tamil Nadu-based tyre maker Emerald Tyre Manufacturers will close its Rs 49-crore IPO on December 9. The issue so far subscribed 102.71 times.
Listings
In the mainboard segment, Property Share Investment Trust SM REIT will list its units on the BSE on December 9, while the trading in Nisus Finance Services, and Emerald Tyre Manufacturers shares will commence on the BSE SME and NSE Emerge effective December 11 and December 12, respectively.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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