IPOs To Subscribe From Dec 11-13! 5 Companies To Raise Rs 11,697.43 Crore Via IPO; GMP, Price, Date, Review!

Upcoming IPOs: A total of five companies will hit the primary market on December 11, with their initial public offering (IPO). Together, these companies are looking to raise as much as Rs 11,697.43 crore. Of the total, three IPOs are mainboards, while only two are SMEs to list on NSE. The majority of them are recommended to subscribe, and their latest GMP hints at a healthy premium listing. Here are the details:

1. Vishal Mega Mart IPO:

This is the largest IPO that has launched on December 11, and also the largest so far in the current month.

IPO Details: The IPO is a 100% book building and will open on December 11. The bidding will close on December 13. The price band for the IPO is fixed at Rs 74 to Rs 78 per share. While the bid lot size is 190 Equity Shares and in multiples thereof. The IPO is an entirely offer for sale (OFS) worth Rs 8,000 crore.

GMP: The latest GMP is at Rs 25, signalling a potential premium listing of 32.05% to Rs 103 compared to the IPO price.

Subscribe Or Not? Brokerage Ashika Group said, "In terms of the valuations, on the higher price band, VMML demands P/E multiple of 69.2x post-issue H1FY25 annualized EPS and EV/EBITDA multiple of 28.1x. Hence, it is recommended to "SUBSCRIBE" the issue from the long-term perspective."

Vishal Mega Mart Ltd. (VMML) is a one-stop destination for middle and lower-middle-income India. It curates a diverse range of merchandise through portfolio of its own brands and third-party brands to fulfil the aspirational and daily needs of consumers.

2. Sai Life Sciences IPO:

This will be the second largest IPO that is opening on December 11. Its overall size is of Rs 3,042.62 crore.

IPO Details: The IPO is a combination of a fresh issue worth Rs 950 crore and an offer for sale (OFS) of up to 3,81,16,934 equity shares. The 100% book building has a price band of Rs 522 to Rs 549 per share. The bid lot size is 27 Equity Shares and in multiples thereof equity shares.

GMP: The current GMP of the IPO is at Rs 32 per share, which signals a single-digit potential premium listing of 5.8% to Rs 584.

Subscribe Or Not? As per brokerage 5Paisa, which is part of IIFL Securities, said, Sai Life Sciences Limited's IPO presents a unique opportunity to invest in a leading player within the growing pharmaceutical CRAMS market. The company's strong financial performance, comprehensive service offerings, and global reach make it an attractive proposition for investors. However, potential risks such as regulatory compliance and client dependency must be carefully considered. It added, "For long-term investors with an appetite for growth-oriented sectors, Sai Life Sciences IPO offers significant potential for value creation."

3. Mobikwik IPO:

IPO Details: The company plans to raise about Rs 572 crore, with a fresh issue of 2.05 crore equity shares. The IPO will open on December 11, and will close on December 13. The price band is fixed at Rs 265 to Rs 279 per share. Bid lot size is of 53 Shares and in multiples of thereof.

GMP: The latest grey market premium of the IPO is hinting at double-digit listing. The current GMP is at Rs 130, which signals 46.6% premium listing of Rs 409 compared to IPO price (upper price band Rs 279 + GMP Rs 130).

Subscribe Or Not? SBI Securities said, "The company is valued at FY24 Price/Sales multiple of 2.5x based on the upper price band on the post-issue capital. The company is a major player in the mobile wallet and digital lending space. It addresses a substantial untapped market of more than 40 cr individuals in India who require access to financial products but have limited or no credit history. The company has delivered a revenue CAGR of 29% over FY22-24 and has turned profitable at the EBITDA and PAT level in FY24."

One MobiKwik Systems Ltd (MobiKwik) at its core is a two-sided payments
network having 16.1 cr registered users and 0.4 cr merchants as of Jun'24.

4. Supreme Facility Management IPO:

IPO Details: This is an SME IPO worth Rs 50 crore and will open on December 11. Bidding will be available till December 13. The price band for the IPO is at Rs 72 to Rs 76 per share. Bid lot size is of 1600 Equity Shares and in multiples thereof. The IPO is a mixture of fresh issue of 65,79,200 Equity Shares including Market Maker portion of 3,29,600 equity shares.

GMP: The GMP of Supreme Facility is flat.

Supreme Facility Management, a part of L V Shinde Group, is a leading Facility Management company in India. Offering comprehensive services to 150+ clients across 7+ states, we excel in Facility Management, Supply Chain Solutions, Employee Transportation, Corporate Food Solutions, and Production Support Services.

5. Purple United Sales IPO:

Yet another SME IPO that will list on NSE.

IPO Details: The IPO is worth Rs 32.81 crore and comprised of Fresh issues aggregating to 26,04,000 Equity Shares (including a Market Maker Portion of 1,31,000 Equity Shares). The 100% book building has a price band of Rs 121 to Rs. 126 per equity share. The bid lot size is 1000 Equity Shares and in multiples thereof.

GMP: As per Investor Grain, Purple United Sales SME IPO last GMP is ₹54, last updated Dec 10th 2024 01:02 PM. With a price band of 126.00, Purple United Sales SME IPO's estimated listing price is ₹180 (cap price + today's GMP). The expected percentage gain/loss per share is 42.86%.

Purple United Kids is the first-of-its-kind premium fashion brand providing versatile apparel & footwear choices for kids of all age groups. The brand has captivated the targeted market through its vibrant product range.