Four major Initial Public Offerings (IPOs) are set to open on December 11, 2024, marking a significant day for investors. These companies span various sectors, offering opportunities across retail, life sciences, fintech, and facility management industries. Here's a breakdown of each offering, including key details such as price bands, market capitalization, and the objectives behind their fund-raising efforts.

1. Vishal Mega Mart IPO
Vishal Mega Mart, a popular retail chain catering to middle and lower-middle income groups in India, is offering a Book Built Issue totaling ₹8,000 Crores. This IPO consists entirely of an Offer for Sale (OFS) of 10,256.41 Lakh shares, with no fresh issue of shares. The company operates over 600 stores across India, offering a wide range of apparel, general merchandise, and fast-moving consumer goods (FMCG).

• Price Band: ₹74 to ₹78 per equity share
• Market Capitalization at ₹78: ₹35,168.01 Crores
• Objectives: Since this is an Offer for Sale, Vishal Mega Mart will not receive any proceeds from the IPO. The funds will be received by the selling shareholders.
• Lot Size: 190 shares
• Retail Investor Minimum Investment: ₹14,820
• HNIs Minimum Investment: ₹2,07,480 (14 lots)
• Subscription Period: December 11 to December 13, 2024
• Listing Date: December 18, 2024

The Grey Market Premium (GMP) for Vishal Mega Mart is ₹16, indicating a 20.84% potential increase over the IPO price, based on demand.

2. Sai Life Sciences IPO
Sai Life Sciences, a fast-growing contract research, development, and manufacturing organization (CRDMO), is offering an IPO worth ₹3,042.62 Crores. The issue consists of a Fresh Issue of ₹950 Crores and an Offer for Sale of ₹2,092.62 Crores. Sai Life Sciences provides services to over 280 global pharma and biotech companies.

• Price Band: ₹522 to ₹549 per equity share
• Market Capitalization at ₹549: ₹11,418.62 Crores
• Objectives: Funds will be used to repay borrowings and for general corporate purposes.
• Lot Size: 27 shares
• Retail Investor Minimum Investment: ₹14,823
• HNIs Minimum Investment: ₹2,07,522 (14 lots)
• Subscription Period: December 11 to December 13, 2024
• Listing Date: December 18, 2024

The GMP for Sai Life Sciences is ₹48, indicating an 8.66% potential premium.

3. One Mobikwik Systems IPO
One Mobikwik Systems, a leading digital banking platform offering financial products, is raising ₹572 Crores through a Fresh Issue of 205.01 Lakh shares. Mobikwik leverages big data analytics and machine learning to provide financial services to over 40 million credit pre-approved users.

• Price Band: ₹265 to ₹279 per equity share
• Market Capitalization at ₹279: ₹2,167.44 Crores
• Objectives: The funds will be used for expanding Mobikwik's financial services and payment business, as well as for R&D and capital expenditure in payment devices.
• Lot Size: 53 shares
• Retail Investor Minimum Investment: ₹14,787
• HNIs Minimum Investment: ₹2,07,018 (14 lots)
• Subscription Period: December 11 to December 13, 2024
• Listing Date: December 18, 2024

The GMP for Mobikwik is ₹29, indicating a 10.43% premium.

4. Supreme Facility Management IPO
Supreme Facility Management, a provider of integrated facility management, employee transportation, and production support services, is raising ₹50 Crores through its Fresh Issue of 65.79 Lakh shares. The company has over 40 years of experience in optimizing operations and focusing on safety and sustainability.

• Price Band: ₹72 to ₹76 per equity share
• Market Capitalization at ₹76: ₹188.70 Crores
• Objectives: The funds will be used for working capital, inorganic growth initiatives, and general corporate purposes.
• Lot Size: 1,600 shares
• Retail Investor Minimum Investment: ₹1,21,600
• HNIs Minimum Investment: ₹2,43,200 (2 lots)
• Subscription Period: December 11 to December 13, 2024
• Listing Date: December 18, 2024

The GMP for Supreme Facility Management is ₹15, indicating a 19.20% potential increase.

5. Purple United Sales IPO
Purple United Sales is a premium fashion brand for children, offering versatile apparel and footwear. The company aims to raise ₹32.81 Crores through a Fresh Issue of 26.04 Lakh shares. The brand has gained popularity for its vibrant and stylish product range.

• Price Band: ₹121 to ₹126 per equity share
• Market Capitalization at ₹126: ₹121.08 Crores
• Objectives: The funds will be used for opening new stores, working capital, and general corporate purposes.
• Lot Size: 1,000 shares
• Retail Investor Minimum Investment: ₹1,26,000
• HNIs Minimum Investment: ₹2,52,000 (2 lots)
• Subscription Period: December 11 to December 13, 2024
• Listing Date: December 18, 2024

The GMP for Purple United Sales is ₹14, indicating an 11.35% potential premium.

Conclusion
With five exciting IPOs opening on December 11, 2024, investors have a wide array of options across different sectors. From retail and kids' fashion to fintech and life sciences, these companies offer diverse investment opportunities. While the GMPs for these IPOs suggest potential price increases post-listing, it’s important for investors to assess their risk appetite and investment goals before applying. Keep an eye on the subscription status and allotment results, expected on December 16, 2024.

The Upcoming IPOs in this week and coming weeks are Sai Life Sciences, Mobikwik, Vishal Mega Mart, Supreme Facility, Purple United, Yash Highvoltage, International Gemmological, Inventurus Knowledge, Rosmerta Digital and Avanse Financial.The Current active IPO is and Jungle Camps, Toss The Coin and Dhanlaxmi Corp.For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.