IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

These firms are looking to tap into the primary market to give an exit route to existing shareholders, raise funds towards expansion plans, eliminate debt, and support working capital requirements

In 2024 so far, 78 mainboard firms raised nearly Rs 1.4 lakh crore collectively via mainboard.

Source : Groww

The equity markets are all set to witness major action on the intial public offering (IPO) front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd.

Collectively, these companies plan to raise almost Rs 18,500 crore via these issues. Along with five mainboard IPOs, six SMEs are also gearing up to float their public issues in the week to raise more than Rs 150 crore collectively, reported PTI.

These IPOs will cover various sectors and deal sizes, including fresh issues and offers for sale. Trivesh D, COO, Tradejini, noted, “The Maharashtra election verdict and the UP Lok Sabha by-election results created a positive market sentiment that could boost IPO activity and fundraising efforts.While 2024 has been a strong year for IPOs overall, some recent issues have struggled in the secondary market, highlighting the recurring challenge of pricing during a bull run when issuers often aim for higher valuations.”

These firms are looking to tap into the primary market to give an exit route to existing shareholders, raise funds towards expansion plans, eliminate debt, and support working capital requirements.

In 2024 so far, 78 mainboard firms raised nearly Rs 1.4 lakh crore collectively via mainboard. These firms included Hyundai Motor India, NTPC Green Energy, Swiggy, Ola Electric Mobility, and Bajaj Housing Finance.

The maiden issues of Vishal Mega Mart, Mobikwik, and Sai Life Sciences will open for subscription on December 11 and close for the public on December 13, 2024. Inventurus Knowledge Solutions and International Gemmological Institute would open for subscription on December 12 and December 13 respectively.

Between the 2020-21 fiscal year and 2024-25 fiscal year period, about 236 IPOs yielded an average listing gain of 27 per cent for the retail investors.