This week, the Indian stock market is abuzz with a flurry of IPOs as five mainboard companies and six SMEs from diverse sectors prepare to make their public debut. Fintech company Mobikwik, retail chain Vishal Mega Mart, pharma-focused Sai Life Sciences, healthcare knowledge solutions provider Inventurus Knowledge Solutions, and diamond grading firm International Gemmological Institute will launch their initial public offerings this week. Together, these companies expect to raise ₹19,000 crore through their IPOs.

Mobikwik IPO

One Mobikwik Systems' IPO will open for public subscription from December 11 to December 13, 2024, with shares set to list on the bourses on December 18, 2024. Mobikwik's IPO price band is set at ₹265 to ₹279 per share. The minimum lot size for an application is 53 shares, requiring a minimum investment of ₹14,787 from retail investors.

Mobikwik plans to raise ₹572 crore through a fresh issue of 2.05 crore equity shares. The fintech company intends to use the net proceeds to fund growth in its financial and payment services businesses. It will also use the funds raised for investing in data, machine learning, artificial intelligence, product and technology, capital expenditure for the payment devices business, and general corporate purposes.

Vishal Mega Mart IPO

Hypermarket chain Vishal Mega Mart is making its way to the stock market with high expectations. Vishal Mega Mart targets ₹8,000 crore on a book-built issue with an offer for sale of 102.56 crore shares in a price band of ₹74-₹78 per share. The Vishal Mega Mart IPO opens for subscription on December 11, 2024, and closes on December 13, 2024.

The minimum lot size for an application is 190 shares. The minimum amount of investment required by retail investors is ₹14,820.

Sai Life Sciences IPO

Sai Life Sciences' IPO is a book-built issue of ₹3,042.62 crores, comprising a fresh issue of 1.73 crore shares totaling ₹950 crores and an offer for sale of 3.81 crore shares aggregating ₹2,092.62 crores. The IPO subscription period is from December 11 to December 13, 2024, with the allotment expected to be finalized on December 16, 2024. The shares are set to list on BSE and NSE on December 18, 2024. The price band for the IPO is set at ₹522 to ₹549 per share, with a minimum lot size of 27 shares, requiring a minimum investment of ₹14,823 from retail investors.

Inventurus Knowledge Solutions IPO

Inventurus Knowledge Solutions, a healthcare solutions provider backed by Rekha Jhunjhunwala, will launch its IPO from December 12 to December 16, 2024. The listing date is December 17, 2024, although the price band for the offering is yet to be announced. The company operates in the high-demand healthcare outsourcing sector, which continues to attract attention for its growth potential.

The Inventurus Knowledge Solutions IPO is entirely an offer for sale (OFS) of 1.88 crore equity shares. Hence, the company will not receive any proceeds from the issue.

International Gemmological Institute IPO

The diamond grading firm International Gemmological Institute (IGI), backed by private equity giant Blackstone, is also stepping into the public market. The IPO will be open from December 13 to December 17, 2024, with shares to be listed on December 18, 2024. The IPO comprises a fresh issue of 3.54 crore shares aggregating ₹1,475 crores and an offer for sale of 6.59 crore shares totaling ₹2,750 crores. The shares are set to list on BSE and NSE on December 20, 2024. The price band for the IPO is set at ₹397 to ₹417 per share, with a minimum lot size of 35 shares, requiring a minimum investment of ₹14,595 from retail investors.

SME IPOs

Along with the five mainboard IPOs, six SME IPOs are also opening next week. These include Dhanlaxmi Crop Science IPO (₹23.80 crore, December 9-11), Jungle Camps India IPO (₹29.42 crore, December 10-12), Toss The Coin IPO (₹9.17 crore, December 10-12), Purple United Sales IPO (₹32.81 crore, December 11-13), Supreme Facility Management IPO (₹50 crore, December 11-13), and Yash Highvoltage IPO (75.35 lakh shares, December 12-16). These IPOs cover a range of industries and will be listed on NSE SME and BSE SME platforms.