The Indian stock market is set to witness a significant surge in activity as 11 IPOs are gearing up for subscription next week. This marks a remarkable period for investors, with the total fundraising size estimated at ₹18,500 crore, pushing the 2024 IPO tally to over ₹1.64 lakh crore. With sectors ranging from retail and life sciences to SMEs and fintech, the upcoming offerings underscore the vibrancy of the primary market.
Bullish Sentiments Amidst Market Corrections
The primary market’s momentum aligns with the bull-run in the secondary market, which has been bolstered by a recent rally. Experts believe this rally will sustain through intermittent corrections.
“The recent correction is healthy for the longevity of the bull-run,” says Mohit Khanna, Fund Manager at Purnartha. According to him, the breadth of businesses filing for IPOs—spanning quick-commerce, e-commerce platforms, logistics, and QSR sectors—points to a vibrant market in 2025, ensuring continued investor enthusiasm.
Mainboard IPOs Taking Center Stage
Vishal Mega Mart IPO: The Retail Giant
Hypermarket chain Vishal Mega Mart will be among the most significant IPOs next week. With an ₹8,000 crore issue size—entirely an offer-for-sale (OFS) by its promoter Samayat Services LLP—the IPO is priced attractively between ₹74-78 per share. This three-day window, from December 11-13, is expected to draw considerable investor interest.
Sai Life Sciences IPO: Backed by TPG Capital
TPG-backed Sai Life Sciences is entering the fray with a ₹3,043 crore IPO, comprising a ₹950 crore fresh issue and a ₹2,092.6 crore OFS. Priced between ₹522-549 per share, the IPO opens for subscription from December 11-13.
Mobikwik IPO: A Digital Leap
Fintech player Mobikwik’s ₹572 crore IPO, priced between ₹265-279 per share, is expected to draw tech-savvy investors. The IPO, opening on December 11, consists entirely of a fresh issue, positioning the company for its next phase of growth.
Healthcare and Gems Make Their Mark
Inventurus Knowledge Solutions IPO, backed by Rekha Jhunjhunwala, will open on December 12. Entirely an OFS, the IPO size is pegged at ₹2,498 crore.
International Gemmological Institute IPO, backed by Blackstone, will target ₹4,225 crore with a mix of fresh issues and OFS. It opens on December 13, with the price band to be announced on December 9.
The SME Surge: A Diverse Lineup
Seeds to Services: Dhanlaxmi Crop Science and Supreme Facility Management
The SME segment kicks off with Dhanlaxmi Crop Science, a seeds producer, raising ₹23.8 crore at a price band of ₹52-55 per share from December 9-11. Pune-based Supreme Facility Management will follow suit with a ₹50 crore IPO, priced at ₹72-76 per share.
Jungle Camps India: Hospitality on Display
Wildlife camp operator Jungle Camps India is set to raise ₹29.4 crore, opening its IPO on December 10. Priced at ₹68-72 per share, the offering highlights investor interest in niche hospitality ventures.
Purple United Sales: Fashion Forward
Fashion brand Purple United Sales will open its ₹32.8 crore IPO on December 11, with a price band of ₹121-126 per share, targeting retail and SME investors.
Transforming the Market: Yash Highvoltage
Yash Highvoltage, a transformer bushing manufacturer, opens its maiden IPO on December 12, offering 75.35 lakh shares. Details of the price band will be announced next week.
IPOs Closing and New Listings
As new IPOs gear up, Emerald Tyre Manufacturers will close its subscription window on December 9, having been subscribed 102.71 times. Meanwhile, listings to watch next week include Property Share Investment Trust SM REIT (December 9) and Nisus Finance Services (December 11).
Credits: Money Control
Investor Takeaways: Why the Primary Market Shines
The flurry of IPO activity reflects India’s robust economic landscape, where diverse businesses—from hypermarkets and fintech to life sciences and SMEs—are leveraging the capital market for growth. The primary market’s strength highlights the country’s entrepreneurial spirit and investors’ appetite for new opportunities.
With ₹1.64 lakh crore raised in IPOs this year, experts anticipate the momentum to carry into 2025. For investors, this is a golden period to diversify their portfolios with emerging companies across various sectors.
As Mohit Khanna aptly puts it: “The breadth of businesses in the IPO pipeline ensures a buoyant market ahead.”
