SUMMARY
This week brings a flurry of activity in the IPO market, with five companies set to raise a collective ₹19,115 crore. From supermarket chains to payment platforms, healthcare BPOs, and diamond certifiers, these offerings cater to a diverse investor base. Here are all the details on price bands and issue sizes.
Vishal Mega Mart | Supermarket giant Vishal Mega Mart is set to open its ₹8,000 crore Initial Public Offering (IPO) from December 11-13. Priced between ₹74-78 per share, the IPO will be a complete Offer For Sale (OFS), meaning the company will not receive any proceeds. Investors can bid in lots of 190 shares, with a minimum investment of ₹14,820 at the upper price band.
Mobikwik | The payment platform operator, is launching its ₹572 crore IPO from December 11-13. The price band is set between ₹265-279 per share, and the entire IPO is a fresh issue of equity shares. Investors can apply for a minimum of 53 shares and multiples thereafter.
Sai Life Sciences | Hyderabad-based Sai Life Sciences will open its ₹3,043 crore IPO on December 11, for a price band of ₹522-549 per share. The offering includes a ₹950 crore fresh issue and an OFS of up to 38.12 million shares, with existing shareholders offloading stakes.
Inventurus Knowledge Solutions | Healthcare BPO provider Inventurus Knowledge Solutions (IKS Health) will launch its IPO from December 13-16, offering 1.88 crore shares entirely as an OFS. The anchor investor bidding is scheduled for December 11, with allotments expected to be finalised by December 17. The shares are set to list on December 19.
International Gemological Institute | Certification provider for diamonds and gemstones International Gemological Institute is set to open its ₹4,000 crore IPO from December 13-17. The offering includes a ₹1,250 crore fresh issue and an OFS of ₹2,750 crore by its promoter. Proceeds from the IPO will fund acquisitions and corporate purposes.