Apart from the new stocks, the Street also has three listings planned from Nisus Finance, Property Share REIT and Emerald Tire Manufacturers.
Vishal Megamart IPO
The initial public offering (IPO) of India’s leading supermarket chain Vishal Mega Mart will begin on December 11th and close on December 13th. The company has set a price band of Rs 74-78 per share at Rs 8,000. Vishal Megamart’s size will make it one of the biggest IPOs of the year, after Hyundai Motors India’s Rs 27,000-crore issue. Swiggy’s over Rs 11,000-crore issuance and NTPC Green Energy’s Rs 10,000-crore issuance. The IPO is an outright offering (OFS), meaning the company will not receive a share of the proceeds.
Potential bidders can bid in one lot of 190 shares and then multiple times. At the higher end of the price range, a plot in Vishal Mega Mart requires a minimum investment of Rs 14,820 from bidders.
Of the approximately 125 million shares up for bid, approximately 50% will be reserved for institutional shareholders (QIBs) and 15% will be reserved for non-institutional shareholders. The remaining 35% will be reserved for individual shareholders.
Samayat Services LLP is the sole promoter selling shareholder in the entire IPO. The weighted average acquisition cost of these shares is stated at Rs 10.14 per share. Currently, Samayat Services LLP holds 96.55% stake in the Gurugram-based supermart major.
1 Mobikwik IPO
Gurugram-based One MobiKwik Systems is set to launch its initial public offering (IPO) on Wednesday, December 11. The three-day bidding period ends on Friday, December 13th.
The price band for the IPO has been set at Rs 265-279 per share. Investors can apply for a minimum of 53 shares and multiple shares thereafter.
One Mobikwik Systems, which operates a platform business with a two-way payment network comprising consumers and merchants, plans to raise Rs 572 million through an IPO, which is an entirely new issue with no offering element. is.
The allocation of shares in the IPO will be 75% to qualified institutional investors (QIBs), 15% to non-institutional investors (NIIs) and remaining 10% to retail investors.
MobiKwik plans to use the proceeds from the IPO to accelerate the growth of its financial and payment services business, invest in data, machine learning (ML), and artificial intelligence (AI), and strengthen its product and technology offerings. In addition, the funds will support capital expenditures for payment devices and general corporate purposes.
Sai Life Science
Cy Life Sciences, backed by private equity major TPG Capital, on Friday pegged the price range of its Rs 3,043-crore initial public offering (IPO), which will begin public offering on December 11, at Rs 522-549 per share. It was announced that the price was set at Rs.
The initial share sale will close on December 13, and bidding for the anchor portion will begin on December 10, the company announced.
At the higher end of the price band, the company is expected to raise around Rs 3,042.62 crore in the IPO.
Small business segment
In the SME sector, up to six new issues will be launched next week from Dhanlaxmi Corp, Toss the Coin, Jungle Camps, Supreme Facility Management, Purple United Sales and Inventurus Knowledge Solutions.
Two IPOs, Jungle Camps and Toss the Coin, will go public on December 10th, while Supreme Facility and Purple United Sales will begin issuing on December 11th. Meanwhile, Inventurus Knowledge Solutions’ SME IPO will be open for bidding from December 12th.
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