Upcoming IPOs: There is going to be a big stir in the IPO market this week. 5 new megaboards and 6 SME IPOs are going to open during the week starting Monday 9th December. The overall target of all these 11 companies is to raise approximately Rs 18,500 crore through Initial Public Offer i.e. IPO.
In the megaboard segment, Vishal Mega Mart (Vishal Mega Mart IPO), TPG Capital’s Sai Life Sciences IPO and fintech company One Mobikwik Systems (One Mobikwik Systems IPO), Inventurus Knowledge Solutions (Inventurus Knowledge Solutions IPO) and Blackstone’s The owned diamond grading company includes names like International Gemmological Institute (IGI IPO). Companies want to raise approximately Rs 18350 crore through the new Megaboard IPO.
The IPOs of Vishal Mega Mart, Sai Life Sciences and MobiKwik will open for public subscription on December 11 and will close on December 13. The three-day IPOs of Inventurus Knowledge Solutions and International Gemological Institute will open on December 12 and December 13, respectively.
With these 5 new mainboard IPOs, 6 SMEs are preparing to issue their first public offerings this week. SME IPOs opening between December 9 and 13 include Dhanlaxmi Crop Science IPO, Toss The Coin IPO, Jungle Camps India IPO, Supreme Facility Management IPO. , Purple United Sales IPO, Yash Highvoltage IPO. Their target is to collectively raise more than Rs 150 crore.
This week many new IPOs will open for subscription. The aim of these IPOs is to collect a total of about Rs 18,500 crore. This money will be raised through public offering. These IPOs will be across different sectors and deal sizes and will include fresh and offer for sale (OFS) offers. Companies are using the primary market to provide an exit route to existing shareholders, raise funds for expansion plans, repay debt and meet working capital requirements.
Let us tell you that till now in the year 2024, Hyundai Motor India (Hyundai Motor IPO), Swiggy (Swiggy IPO), NTPC Green Energy (NTPC Green Energy IPO), Bajaj Housing Finance (Bajaj Housing Finance IPO) and Ola Electric Mobility (Ola Electric Mobility IPO) including 78 main board companies have raised a total of about Rs 1.4 lakh crore through IPO. This is much more than the Rs 49,436 crore raised by 57 companies through this route in 2023.
