IPO GMP Live Updates: International Gemmological, Hamps Bio IPO opens for subscription

• 14:56 | December 13, 2024

• 13:14 | December 13, 2024

  Upcoming IPOs Live Updates: IPOs in India this year helped raise $17.7 billion, nearing annual record seen in 2021

  India’s IPO market has been busy this year, with $17.7 billion raised so far, putting it on the cusp of an annual record of $17.8 billion raised in 2021, data compiled by Bloomberg show. The strong economy has enticed global investors, while the billions of dollars funneled into domestic mutual funds every month have supported the equity markets even when foreigners were selling. Some of the country’s startups that had established their headquarters in Singapore are now considering redomiciling to India amid the country’s rapid growth. - Bloombeg

• 13:12 | December 13, 2024

  Upcoming IPOs live updates: Quest IPO may help value firm at more than $5 billion

  A potential deal could value Quest Global at more than $5 billion, one of the people said, adding that the company may also redomicile to India. 

  Carlyle agreed to acquire a significant minority stake in Quest in 2023 in a transaction that saw Bain Capital and Advent International exit the firm. - Bloomberg

• 13:10 | December 13, 2024

  Upcoming IPOs Live Updates: Carlyle holds early talks for Quest share sale

  The US investment firm has held early talks with advisers about a possible share sale in Mumbai that may take place as soon as next year, the people said, asking not to be identified because the information isn’t public. A listing of Singapore-based Quest Global may help it raise about $1 billion, the people said. - Bloomberg

• 13:07 | December 13, 2024

  Upcoming IPOs Live Updates: Carlyle Is Said to Mull $1 Billion IPO of Quest Global in Mumbai - Bloomberg

  Carlyle Group Inc. is considering an initial public offering of engineering services firm Quest Global Services Pte in India, people familiar with the matter said, amid increasing investor interest in the nation’s stock market. - Bloomberg

• 12:39 | December 13, 2024

  International Gemmological Institute (India) IPO: Anand Rathi recommends subscription for long term

  IGI (India) Ltd is world’s second largest independent certification and accreditation services provider among their global peers for loose stones and studded jewelry and in an industry characterized by barriers to entry with First mover and global market leader in providing certification services for the fast-growing laboratory grown diamond industry and Extensive range of services for certification and accreditation services provided to a diverse group of customers along the value chain. At the upper price band company is valuing at P/E of 43.75x, with a market cap of ₹ 1,80,208 million post issue of equity shares and return on net worth of 76.58%. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO. 

• 12:23 | December 13, 2024

  IPO News live: Rekha Jhunjhunwala and RARE Enterprises-backed Inventurus Knowledge Solutions IPO enters Day 2

  The IPO of Rekha Jhunjhunwala and RARE Enterprises-backed Inventurus Knowledge Solutions Ltd enters day 2 on a strong note. The ₹2,498-crore initial public offering (IPO), which opened on Thursday, will close on December 16. The price band for the issue has been set at ₹1,265 to ₹1,329 per share. Investors can place bids with a minimum of 11 shares and in multiples of 11 shares thereafter.

  The IPO was subscribed 1.36 times on Day 1, thanks to strong interest from qualified institutional investors, whose portion was subscribed 1.54 times.

  The IPO is entirely an Offer for Sale (OFS) comprising 1.88 crore equity shares by promoters and individual shareholders, with no fresh issue component. While 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors, 65,000 shares have also been reserved for eligible employees. The NII portion was subscribed 0.79 times, while the retail and employee quotas were subscribed 1.68 times and 0.80 times, respectively.

  Read here

• 11:50 | December 13, 2024

• 11:48 | December 13, 2024

• 11:19 | December 13, 2024

  International Gemmological Institute IPO Live: Booked 0.40 times as at 11.15 am

  • NIIs: 0.03 times
  • Retail portion: 0.17 times
  • Employee reserved: 0.37 times
  • QIBs: Nil

  Total 0.04 times

  (BSE data as at 11 am)

• 10:47 | December 13, 2024

  IPO Live updates: bl brings to you latest IPO updates, subscription status and GMP details

  For live updates on One Mobikwik Systems here

  For live updates on Vishal Mega Mart IPO here

  International Gemmological, Hamps Bio IPO opens for subscription; Track live updates on upcoming IPOs here

  For all news related to stock market, click here

• 10:42 | December 13, 2024

  Sai Life Sciences IPO live: Booked 1.35 times

  • QIBs: 3.32 times
  • NIIs: 0.84 times
  • Retail: 0.49 times

  Total: 1.35 times

  (BSE data as at 10.39 am)

• 10:13 | December 13, 2024

  IPO Live: Sai Life Sciences IPO closes today

  Private equity major TPG Capital-backed Sai Life Sciences’ initial public offering closes today. The IPO, which was launched with a price band of ₹522-549, was subscribed 1.25 times so far. The ₹3,043-crore IPO comprised a fresh issue (₹950 crore) and an offer-for-sale of 3.81 crore shares valued at ₹2,092 crore. The market lot is 27 shares.

  Read here

• 09:50 | December 13, 2024

  IPO news live: Bluestone Jewellery files draft papers for IPO

  Bluestone, a D2C jewellery retailer, has filed draft papers for its initial public offer (IPO) debut which will include a mix of fresh issues and offer-for-sale.

  The company, backed by Accel, Peak XV Partners, and Sunil Kant Munjal, is planning to raise ₹1,000 crore through a combination of fresh equity issuance and an offer-for-sale of 2.39 crore equity shares by investors.

  The selling shareholders in the offer-for-sale include Accel India, Saama Capital, Kalaari Capital Partners, IvyCap Ventures Trust, Iron Pillar Fund, and Sunil Kant Munjal, along with other partners from Hero Enterprise Partner Ventures.

  Read here

• 09:45 | December 13, 2024

  IPO News Live: IndiQube transitions to public limited company ahead of IPO

  Bengaluru-based workspace management and co-working solutions provider IndiQube has reclassified into a public limited company from a private limited company. The company was renamed as IndiQube Spaces Limited, according to a regulatory filing.

  This transition comes ahead of its IPO debut. The startup reportedly plans to raise ₹1,000–1,500 crore through the IPO.

  The company reported a net profit of ₹20.63 crore in FY23, compared to a loss of ₹18.82 crore in FY22. Its operating revenue surged by 69 per cent to reach ₹592.41 crore. The company aims to achieve a net profit of ₹100 crore in FY25.

  Read here

• 09:32 | December 13, 2024

  International Gemmological Institute IPO opens today at ₹397-417 price band

  Blackstone-backed company mopped up ₹1,900 crore from anchor investors

  The ₹4,225-crore IPO of International Gemmological Institute (India) opens today for the public at ₹397-417 price band. The offer from the Blackstone-backed diamond grading firm consists of a fresh issue worth ₹1,475 crore and an Offer-for-Sale (OFS) valued at ₹2,750 crore by promoter BCP Asia II TopCo Pte Ltd, an affiliate of Blackstone.

  The company said that 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. Investors can place bids starting with a minimum of 35 shares and in multiples of 35 thereafter.

  Ahead of the IPO launch, the company mobilised Rs 1,900 crore from anchor investors by allotting 4.56 crore equity shares to 68 funds at ₹417 apiece. Some of the marquee investors include the Government of Singapore, ICICI Prudential Mutual Fund, Axis Mutual Fund, Abu Dhabi Investment Authority, Nomura, SBI Life Insurance and SBI General Insurance etc

  businessline report | Read here

• 20:28 | December 11, 2024

  IPO News Live Updates: Sai Life Sciences IPO subscribed 84 pc on Day 1 of share sale

  The initial public offer of Sai Life Sciences received an 84 per cent subscription on the first day of share sale on Wednesday.

  The initial share sale received bids for 3,27,98,169 shares against 3,88,29,848 on offer, as per NSE data.

  The portion for Qualified Institutional Buyers (QIBs) subscribed 2.62 times, while the category for Retail Individual Investors (RIIs) received 18 per cent. Non-institutional investors part fetched 15 per cent of subscription.

  Private equity major TPG Capital-backed Sai Life Sciences on Tuesday collected ₹913 crore from anchor investors.

  The issue, with a price band of ₹522-549 apiece, will conclude on Friday.

• 20:27 | December 11, 2024

  IPO News Live Updates: One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

  The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday.

  This is the second attempt by the Gurugram-based firm for the public issue following its first attempt in July 2021. Earlier, the company shelved its IPO plans and withdrew the draft papers due to unfavourable market conditions, a PTI report said.

• 17:50 | December 11, 2024

  IPO News Live Updates: Transrail Lighting set to float IPO on December 19; eyes ₹400 crore via fresh issue

  Transrail Lighting Ltd is gearing up to launch its public offering on December 19, featuring a fresh issuance of equity shares worth ₹400 crore.

  Apart from the fresh issue, the initial public offering (IPO) comprised an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings Private Limited, according to the red herring prospectus (RHP).

  At present, Ajanma Holdings holds an 83.22 per cent stake in the Mumbai-based company.

  The initial share sale will open for public subscription from December 19-23. The bidding for anchor investors will open for a day on December 18, the RHP showed.

• 16:47 | December 11, 2024

  IPO News Live Updates: Indian hospitality sector eyes ₹80 billion boost as four new players gear up for market debut, says Jefferies

  India’s hospitality sector is gearing up for a significant expansion in its listed universe, with four new players set to debut on the stock market.

  Additionally, ITC Hotels is preparing for a demerger in Q4 FY25, further diversifying the sector’s public representation. The three IPO-bound companies have collectively filed for offerings worth ₹80 billion.

  Read more here.

• 15:46 | December 11, 2024

  MobiKwik shares oversubscribed soon after on opening day, retail leads

  Track live updates on One MobiKwik Systems here

• 14:14 | December 11, 2024

  IPO Live news: Travel Food Services files draft papers with Sebi for Rs 2,000-cr IPO - PTI

  Travel Food Services, operating a travel quick-service restaurant and a lounge business across airports in India and Malaysia, has filed draft papers with markets regulator Sebi to float a Rs 2,000 crore initial public offering (IPO).

  The proposed IPO is entirely an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter Kapur Family Trust. The offer includes reservations for subscriptions by eligible employees, according to the draft red herring prospectus (DRHP) filed on Tuesday.

  Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder.

  Travel Food Services launched its first travel quick-service restaurant (QSR) outlet in 2009. It is promoted by SSP Group plc (SSP) and its affiliates SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd along with the Kapur Family Trust, Varun Kapur and Karan Kapur.

  SSP, an FTSE 250 company listed on the London Stock Exchange, is recognised as a global leader in the Travel Food & Beverage (F&B) sector based on revenue in 2024, as per the CRISIL report.

  The Kapur Family Trust operates under the flagship brand K Hospitality, which oversees and invests in several hospitality and food service businesses, including Travel Food Services (collectively referred to as K Hospitality).

  Headquartered in Mumbai, Travel Food Services’ portfolio features a diverse selection of food and beverage (F&B) concepts tailored for travellers, including fast food, cafes, bakeries, food courts and bars, primarily located in airports and some highway locations to cater to the needs of fast-moving customers.

  The company’s presence spans 14 airports in India, including major hubs like Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai, as well as three airports in Malaysia, as of June 30, 2024.

  With a robust portfolio of 117 partner and in-house brands, the company operates 397 Travel QSR outlets across India and Malaysia, as of June 2024.

  Its QSR outlets are predominantly located within airports, with select locations along highways. It also operated 31 lounges in India and Malaysia as of the same date and expanded internationally by opening a new lounge in Hong Kong in July this year.

  As of June 30, 2024, Travel Food Services boasts a diverse portfolio of partner brands, comprising both international and regional Indian brands, alongside its in-house brands.

  The international brands include renowned names such as KFC, Pizza Hut, Wagamama, Coffee Bean & Tea Leaf, Jamie Oliver’s Pizzeria, Brioche Doree, Subway, and Krispy Kreme. The regional Indian brands in its network feature popular chains such as Third Wave Coffee, Hatti Kaapi, Sangeetha, Bikanervala, Wow Momo, The Irish House, JOSHH, Adyar Ananda Bhavan and Bombay Brasserie.

  Additionally, Travel Food Services has developed its own in-house brands, including Caféccino, Dilli Streat, idli.com and Curry Kitchen.

  On the financial front, revenue from operations surged by 31 per cent to Rs 1,396.32 crore in fiscal 2024 from Rs 1,067.15 crore in fiscal 2023.

  Profit after tax increased by 18.6 per cent to Rs 298 crore in fiscal 2024 from Rs 251 crore in fiscal 2023.

  For the three months ended June 30, 2024, revenue from operations stood at Rs 409.86 crore and profit after tax stood at Rs 59.55 crore.

  Kotak Mahindra Capital Company, HSBC Securities and Capital Markets (India) Pvt Ltd, ICICI Securities and Batlivala & Karani Securities India are the book-running lead managers to the issue.

  The equity shares are proposed to be listed on the National Stock Exchange and BSE.

  PTI

• 13:40 | December 11, 2024

  Sai Life Sciences IPO: Subscribed 0.07 times or 7%

  Sai Life Sciences IPO has been booked 0.07 times as at 1.33 pm on December 11, 2024.

  • NIIs: 0.07 times
  • Retail: 0.12 times
  • QIB: NIL

  Total: 0.07 times

  (BSE data as at 1.33 pm)

• 13:38 | December 11, 2024

  Sai Life Sciences IPO: Anchor portion

  Sai Life Sciences on Tuesday collected Rs 913 crore from anchor investors, ahead of its initial share-sale opening for public subscription.

  INQ Holding LLC, SmallCap World Fund Inc, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs Funds, BlackRock, Nippon India Mutual Fund (MF), HDFC MF, Axis MF and Kotak Mahindra MF are among the anchor investors, according to a circular uploaded on the BSE website.

  According to the circular, Sai Life Sciences has allotted more than 1.66 crore equity shares to 63 funds at Rs 549 apiece, which is also the upper end of the price band. This takes the transaction size to Rs 913 crore.

• 13:29 | December 11, 2024

  IPO News Live Updates: UK Stock Market Now Trails Oman and Malaysia in IPO Rankings - Bloomberg

  UK stock market has been leapfrogged by upstarts including Oman, a market that’s 1% the size of the UK, as well as Malaysia and Luxembourg. That’s a big change from just a few years ago, when London would regularly feature among the top five venues globally. - Bloomberg

• 12:59 | December 11, 2024

  IPO News live: Tighter vigil on SME IPOs welcome

  Recently, SME-IPO market caught the market attention for wrong reasons with two of them - Trafiksol ITS Technologies and C2C Advanced Systems - censured by regulators.

  The Securities and Exchange Board of India (SEBI), in fact, cancelled the initial public offering of Trafiksol ITS Technologies which had raised funds successfully. It asked the company to return the funds raised through the IPO to respective investors who were allotted shares.

  The IPO of Trafiksol was launched between September 10 and 12 and the company raised ₹44.87 crore with the issue witnessing a tremendous response of over 345.65 times from all category of investors..

  Report by KS Badri Narayanan of businessline | Read here

• 12:51 | December 11, 2024

  Vishal Mega Mart IPO: Booked 20%

  Vishal Mega Mart IPO has been subscribed 20% or 0.20 times as at 12.42 pm. 

  • NIIs portion: 0.30 times
  • Retail: 0.27 times

  Track live updates on Vishal Mega Mart here

• 12:48 | December 11, 2024

  MobiKwik IPO booked 3.01 times; retail investors lead

  Track live updates on One MobiKwik Systems here
• 12:41 | December 11, 2024

  Supreme Facility Management Limited IPO: Use of funds

  The net proceeds from Supreme Facility Management Limited IPO will be utilised for funding working capital requirements, pursue inorganic initiatives through strategic acquisitions of high margin businesses supplemental to company’s operations and general corporate purposes.

• 12:34 | December 11, 2024

  Yash Highvoltage Limited IPO: Use of funds

  The proceeds from Yash Highvoltage Limited IPO will empower us to expand our manufacturing capabilities with the establishment of a state-of-the-art facility for Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) bushings. This endeavour affirms our dedication to driving efficiency, maintaining the highest quality standards, and delivering unmatched customer satisfaction as we continue to lead in the energy infrastructure space.

  Yash Highvoltage Limited IPO opens tomorrow, December 12

• 12:29 | December 11, 2024

  Sai Life Sciences IPO: Booked 0.05 times

  Sai Life Sciences IPO has been booked 0.05 times as at 12.24 pm on December 11, 2024.

  • NIIs: 0.05 times
  • Retail: 0.09 times
  • QIB: NIL

  Total: 0.05 times

  (BSE data as at 12.24 pm)

• 12:04 | December 11, 2024

  Stock market live: Sensex, Nifty trades marginally higher

  Track bl’s stock market live updates here

• 11:31 | December 11, 2024

  IPO News Updates Live: Upper Crust owner SSP plans for Indian IPO of Travel Food Services

  Upper Crust owner SSP Group said on Tuesday that it is planning an initial public offering in India of airport lounge operator Travel Food Services, its venture with K Hospitality Corp.

  The company said that a draft red herring prospectus has been filed in connection to the proposed IPO with BSE Ltd and will soon be filed with the National Stock Exchange of India, with the pricing and completion of the IPO targeted for spring 2025.

  The Kapur Family Trust, which is the shareholding entity of K Hospitality Corp, will be the selling shareholder in the planned IPO.

  SSP said it has also nominated two directors for the TFS board.

• 11:27 | December 11, 2024

  IPO Live News Updates: Supreme Facility Management Limited IPO Opens on December 11

  Supreme Facility Management Limited specializing in comprehensive Integrated Facilities Management and Support Services, proposes to open its Initial Public Offering on Wednesday, December 11, 2024, aiming to raise Rs 50 Crore (at upper end of price band), with shares to be listed on the NSE Emerge platform.The issue size is Up To 65,79,200 equity shares at a face value of Rs 10 each with a price band of Rs 72 - Rs 76 Per Share.Equity Share Allocation* Qualified Institutional Buyer - Not More Than 6,25,600Equity Shares* Non-Institutional Investors - Not Less Than 28,11,200Equity Shares* Retail Individual Investors - Not Less Than 28,12,800Equity Shares* Market Maker - Up To 3,29,600 Equity SharesThe net proceeds from the IPO will be utilized for Fundingworking capital requirements, Pursue inorganic initiativesthrough strategic acquisitions of high margin businesses supplemental to company’s operations and general corporate purposes. The issue will close on Friday, December 13, 2024.The Book Running Lead Manager to the Issue is Khandwala Securities Limited, The Registrar to the Issue is KFin Technologies Limited.

• 11:25 | December 11, 2024

  IPO Live News Updates: Yash Highvoltage Limited IPO Opens on December 12

  Yash Highvoltage Limited, one of the leading manufacturers and distributors of High voltage and High current transformer bushings, proposes to open its Initial Public Offering on December 12, 2024. The company aims to raise up to Rs110.01 crore, with the shares to be listed on the BSE SME platform.Equity Share Allocation* QIB Anchor Portion: Up to 21, 46,000 Equity Shares* Qualified Institutional Buyers: Up to 14, 32,000 Equity Shares* Non-Institutional Investors: At least 10, 74,000 Equity Shares* Retail Individual Investors: At least 25, 06,000 Equity Shares* Market Maker: 3, 77,000 Equity SharesThe net proceeds from the Issue will be utilised for setting up a new factory to manufacture Resin Impregnated Paper (RIP)& Resin Impregnated Synthetic (RIS) transformer condenser-graded bushings and general corporate purposes. The anchor bidding will open on December 11, 2024, and the issue will close on December 16, 2024.Indorient Financial Services Limited is the Book Running Lead Manager of the Issue, while Bigshare Services Private Limited is the Registrar of the Issue.

• 11:22 | December 11, 2024

  Vishal Mega Mart IPO: Subscribed 0.11 times

  Vishal Mega Mart IPO has been subscribed 11% so far

  Track live updates on Vishal Mega Mart here
• 11:19 | December 11, 2024

  One MobiKwik Systems IPO: Booked 1.38 times

  One MobiKwik Systems fully subscribed on day one

  Track live updates on One MobiKwik Systems here
• 11:15 | December 11, 2024

  Sai Life Sciences IPO: Subscribed 0.03 times so far

  Sai Life Sciences IPO has been booked 0.03 times as at 11.09 am on December 11, 2024.

  • NIIs: 0.02 times
  • Retail: 0.05 times
  • QIB: NIL

  Total: 0.03 times

  (BSE data as at 11.09 am)

• 10:36 | December 11, 2024

  One Mobikwik Systems IPO: Geojit assigns Subscribe rating 

  One Mobikwik Systems: Geojit assigns “Subscribe” rating for the issue on a long-term basis

  “At the upper price band of ₹279, Mobikwik is available at Mcap/sales of 2.5x (on FY24 financials), which appears to be reasonably priced. We assign a “Subscribe” rating for the issue on a long-term basis, considering its strong brand recall, diversified offerings, rapid scaling, consistent innovation, customer stickiness and promising industry outlook.”

  Track live updates on One MobiKwik Systems here
• 10:31 | December 11, 2024

  Vishal Mega Mart IPO: Geojit assigns Subscribe rating

  Vishal Mega Mart IPO has been assigned subscribe rating from Geojit

  At the upper price band of Rs.78, VMML is trading at a P/E of 69x on FY25 earnings (annualized), which appears fairly priced compared to its peers and factoring its high growth. Considering positive industry growth opportunities, expected rise in demand, healthy store additions, and presence in the online channel, we assign a “Subscribe” rating on a medium- to long-term basis”

  Track live updates on Vishal Mega Mart here
• 10:17 | December 11, 2024

  Nisus Finance Services listing: debuts at premium

  Shares of Nisus Finance Services listed at ₹225 on the BSE SME platform, at a premium of 25% over the issue price of ₹180.

  For more details, click here
• 10:05 | December 11, 2024

  Nisus Finance Services listing: Catch the live action

  Watch the Listing Ceremony of Nisus Finance Services co Limited at BSE

  (Source: X/BSEIndia)

• 09:56 | December 11, 2024

  Sai Life Sciences IPO Live: Sai Life Sciences collects Rs 913 crore from anchor investors

  Private equity major TPG Capital-backed Sai Life Sciences has collected Rs 913 crore from anchor investors, ahead of its initial share-sale opening for public subscription.

  INQ Holding LLC, SmallCap World Fund Inc, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs Funds, BlackRock, Nippon India Mutual Fund (MF), HDFC MF, Axis MF and Kotak Mahindra MF are among the anchor investors, according to a circular uploaded on the BSE website.

  According to the circular, Sai Life Sciences has allotted more than 1.66 crore equity shares to 63 funds at Rs 549 apiece, which is also the upper end of the price band. This takes the transaction size to Rs 913 crore.

  The Rs 3,043-crore IPO will open for public subscription on Wednesday and conclude on Friday.

• 09:53 | December 11, 2024

  MobiKwik IPO: One MobiKwik Systems IPO opens today at ₹265-₹279 price band

  The ₹572-crore initial public offering of ​One MobiKwik Systems ​opens today and closes on Friday (December 13). The price band for the offer has been determined at ₹265-279 a share. Investors can bid for a minimum of 53 shares and multiples of 53 equity shares thereafter.

  The issue is being made through the book-building process, wherein not less than 75 per cent of the issue is reserved for allocation on a proportionate basis to qualified institutional buyers, up to 15 per cent to non-institutional investors, and 10 per cent to retail investors.

  As part of the IPO, One MobiKwik Systems on Tuesday garnered ₹257 crore from anchor investors by allocating 92 lakh shares at ₹279 a share.

  Foreign and domestic institutions that participated in the anchor included marquee names such as Government Pension Fund (Norges Fund), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC MF, Axis MF, SBI MF, and SBI General Insurance.

  Report by KS Badri Narayanan of businessline | ​Read here​

  ​Track live updates on One MobiKwik Systems here​

• 09:52 | December 11, 2024

  Vishal Mega Mart IPO: Vishal Mega Mart’s ₹8,000-cr IPO opens today at ₹74-78 

  Vishal Mega Mart is all set to launch its ₹8,000 crore IPO today for public at a price band of ₹74-78. The IPO will close on December 13 and the market lot is 190 shares. 

  The proposed IPO is entirely an Offer For Sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares. Currently, Samayat Services LLP holds 96.55 per cent stake in the Gurugram-based supermart major. As the IPO is an OFS, the company will not receive any fund from IPO proceeds. 

  The Kedaara Capital-backed company has reserved 50 per cent of the net offer to QIB, 35 per cent to retail investors and the balance 15 per cent to non-institutional investors (NII). 

  Vishal Mega Mart is a one-stop destination catering to middle and lower-middle-income consumers in India. The product range includes both in-house and third-party brands, covering three key categories -- apparel, general merchandise, and fast-moving consumer goods (FMCG). 

  Report by KS Badri Narayanan of businessline | Read here

  Track live updates on Vishal Mega Mart here
• 15:58 | December 10, 2024

  Mobikwik IPO live: Swastika on One Mobikwik systems

  A digital payment platform catering to both customers and merchants. The company has demonstrated consistent growth in revenue and recently turned profitable after prior losses. Operates in a highly competitive fintech landscape, which may impact future growth and market share. The IPO is priced at a high valuation. Recommendation: Suitable only for high-risk investors.

• 15:57 | December 10, 2024

  Vishal Mega Mart IPO: Swastika assigns subscribe

  • Leading offline retailer: Strong market position in India. Consistent financial performance: Growing revenue and profitability.
  • Reasonable valuation: Fair pricing compared to peers.
  • Complete OFS: The Company receives no proceeds from the IPO.
  • Investment recommendation: Suitable for high-risk investors seeking exposure to the retail sector.
• 15:13 | December 10, 2024

  MobiKwik IPO live: Expert View | Jaspreet Singh Arora, Chief Investment Officer, Equentis Wealth Advisory Services Ltd. 

  “The IPO market is looking very optimistic for December, as major events like elections and Q2 results are behind us, and the geopolitical situation, including the international conflict, shows incremental positive news flow. This stability has created favorable conditions for IPO activity, with opportunities likely to extend into early January. However, investors should evaluate IPOs on their individual merit. Among upcoming listings, companies like MobiKwik and IGI are particularly promising, while others warrant a more neutral stance,” says Jaspreet Singh Arora, Chief Investment Officer, Equentis Wealth Advisory Services Ltd.

• 15:07 | December 10, 2024

  Vishal Mega Mart IPO: Anand Rathi recommends subscribing for long term

  Vishal Mega Mart Ltd is focused on serving a large and fast growing section of the Indian population with Consumer-centric approach resulting in loyal consumer base and Diverse and Growing Portfolio of Own Brands with Pan-India Presence along with Technology Enabled, Systems Driven Operations. At the upper price band company is valuing at P/E of 67.83x, with an EV/EBITDA of 28.1x and market cap of ₹ 3,51,680 million post issue of equity shares and return on net worth of 8.18%. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO.

• 15:06 | December 10, 2024

  Mobikwik IPO: Gaurav Garg, Research Analyst at Lemonn Markets Desk on Mobikwik IPO

  · The IPO is attractively priced at P/BV of 10.06 based on its NAV of Rs. 27.74 as of June 30, 2024, and at a P/BV of 2.97 based on its post-IPO NAV of Rs. 94.05 (at the upper cap).

  · MobiKwik offers a compelling investment opportunity in its IPO, backed by a robust growth strategy and a proven track record of innovation in the fintech space. The company is scaling its product portfolio across payments, credit, wealth management, and insurance, while actively launching new solutions such as soundboxes, POS machines, and Merchant Credit Advances (MCA) to drive merchant retention and recurring revenue.

  · With consumer-focused offerings like “Credit on UPI,” consumer durable loans, and co-branded credit cards, MobiKwik is positioned to capture significant market demand. The revitalized payment aggregator business, Zaakpay, has shown renewed growth post-regulatory approval, handling a GMV of ₹2,000 Cr in just three months (ending June 2024).

  · Operating with a technology-driven platform, the company boasts operational leverage and improved profitability, with FY2024 revenue at ₹875 Cr and a net profit of ₹14.08 Cr. Investors looking to participate in India’s burgeoning digital financial ecosystem can view this IPO as a strategic opportunity to align with a company at the forefront of innovation and growth.

  · The industry has good growth opportunities lying ahead and investor with mid to long term horizon can apply for the IPO.

  -Gaurav Garg, Research Analyst at Lemonn Markets Desk on Mobikwik IPO

• 15:05 | December 10, 2024

  Vishal Mega Mart IPO: Choice Broking

  Peer comparison and valuation: VMM is a one-stop destination serves middle and lower-middle-income consumers in India, offering a curated range of apparel, general merchandise, and FMCG products through 645 stores nationwide. The store features both own and third-party brands to meet everyday and aspirational needs. Majority of the company’s revenue comes from their own brand (70%). As of FY24, the company holds a major portion of its store in north India followed by east India and having future plans of expanding in west and south India. Over the years, the company’s top and bottom line has been steadily increasing. The companies main target is Tire-2 cities which are expected to grow its diversified retail sector at a 32% CAGR between CY23 and CY28. At the higher price range, VMM is demanding a EV/Sales multiple of 3.8x, which seems to be fully priced. However, the company has seen a steady growth in its top and bottom line because of the increase in number of stores and also because of its own brand sales which positively impacts the margins. Over the years, the company has shown a good hold in its inventory and working capital management, which gives a sustainable outlook for long term. Thus, we recommend an “Subscribe For Long Term” rating for this issue.

  - Choice Broking

• 14:17 | December 10, 2024

  Vishal Mega Mart IPO live: Gunender Kapoor of Vishal Mega Mart comments on product strategy and consumer demand

  “Even in difficult situations, we typically would continue to enjoy growth because firstly, our brands, our private brands are very differentiated as compared to anything which is available in the market. And secondly, they provide great value with absolutely no compromise on quality. So they do become very attractive for the customers at large,” Managing Director and CEO, Gunender Kapoor told businessline.

  Read the report here

• 14:16 | December 10, 2024

  Vishal Mega Mart IPO live: Bets on differentiated strategy to sustain growth ahead of ₹8,000-crore IPO

  Vishal Mega Mart, whose ₹8000-crore IPO will be open for subscription next week, is betting on its differentiated, aspirational product strategy to ride out and sustain it in the current climate of soft consumer demand.

  Read the report here

• 13:11 | December 10, 2024

  One Mobikwik Systems IPO live: IPO opens tomorrow; stock to list on NSE, BSE on December 18

  • Issue opens: December 11
  • Closes: December 13
  • Price band: ₹265-279
  • Issue size: ₹572 crore
  • Lot size: 53 shares
  • Listing date: December 18
• 12:25 | December 10, 2024

  One MobiKwik Systems IPO: Bajaj Broking recommends subscribing for long term

• 12:20 | December 10, 2024

  Continuum Green Energy IPO: files for ₹36.5 billion IPO

  Indian power producer Continuum Green Energy filed for an initial public offering worth 36.5 billion rupees ($430.26 million) on Monday, as it looks to cash in on the country’s growing clean energy needs.

  Reuters

• 12:16 | December 10, 2024

  IPO Live news: IPO frenzy persists, 10 issues to raise ₹20,000 crore in December

  Notwithstanding the gyration in the secondary market, about ten companies are looking to raise ₹20,000 crore in December through the initial public offering this month.

  Read the report here

• 11:51 | December 10, 2024

  Dhanlaxmi Crop Science IPO live: IPO subscription, allotment and more

  Dhanlaxmi Crop Science IPO was subscribed 18.98 times. The IPO will close on December 11, 2024. These shares will be listed on the NSE SME platform, with a projected listing date of Monday, December 16, 2024.

  Price band for the issue is ₹52-55 per share. 

  Finshore Management Services Limited is the book-running lead manager for the Dhanlaxmi Crop Science IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

  Fund utilisation

  The proceeds from the issue will be utilized to meet working capital requirements and for general corporate purposes. The shares for the Dhanlaxmi Crop Science IPO are expected to be allotted on Thursday, December 12, 2024, and credited to the demat accounts of the allottees on Friday, December 13, 2024

• 11:13 | December 10, 2024

  Mobikwik IPO live: Check the price band

  The IPO of Peak XV and ADIA-backed One MobiKwik Systems opens tomorrow. The company has fixed a price band of ₹265-279 per equity share for its ₹572- crore IPO.

• 10:38 | December 10, 2024

  IPO News live: Mobikwik IPO opens tomorrow; Toss The Coin IPO raises ₹2.60 crore from anchor investors

• 10:36 | December 10, 2024

  IPO news live: SBI Securities on International Gemmological Institute (India)

  International Gemmological Institute (India) IPO in focus

  “The company, at its Lower/Upper price band of Rs 397/ Rs 417, is valued at P/E multiple of 40.8x/42.8x respectively based on its 9MCY24 annualised earnings on post issue capital. The company has delivered strong performance between CY21-CY23 with Revenue/EBITDA/PAT growing at a GAGR of 56.9%/43.6%/38.9% to Rs 898.0 cr/ Rs 496.0 cr/ Rs 330.8 cr respectively as of CY’23.”

  - SBI Securities

• 10:31 | December 10, 2024

  Stock market live today: Sensex, Nifty trade marginally higher

  Track bl’s stock market live here

• 10:22 | December 10, 2024

  IPO News live: Here are the details of latest and upcoming IPOs

  Screenshot 2024-12-10 102117.png

  (BSE website)

• 10:08 | December 10, 2024

  Vishal Mega Mart IPO live: SBI Securities recommended subscribing for long term

  “At the upper price band of Rs 78, Vishal Mega Mart is valued at FY24 P/E multiple of 76.1x on post issue capital. The company is scaling its presence across product categories and stores throughout India and has a track record of profitable growth. Its Revenue/EBITDA/PAT has grown at a CAGR of 26.3%/24.6%/50.9% respectively over FY22-24 period. The company makes relatively better EBITDA margin and similar PAT margin as compared to its major peer Dmart (Avenue Supermarts). We recommend investors to subscribe to the issue at cut-off price for long term.”

• 09:58 | December 10, 2024

  Vishal Megha Mart IPO: AUM Capital recommends subscribing for long term

  AUM Capital recommends subscribing for long term

  “Vishal Megha Mart Ltd is on the fast growing super market retail chain stores in India. Rising disposable income and a preference for quality and hygienic products amongst the population gives established companies like VMMT an edge over the unorganized sector as well as stiff competition to other established branded retails chains like Spencers and Reliance Smart Bazaar. Healthy financials and a debt free status gives it an impetus. We would recommend a “SUBSCRIBE” for the long term”

  IPO opens tomorrow, December 11, 2024, and closes on December 13, 2024.

• 09:51 | December 10, 2024

  IPO live news: Blackstone’s IGI diamond bet set to sparkle at the bourses

  Global alternatives asset manager Blackstone is betting big on diamond certification firm International Gemmological Institute, whose ₹4,225-crore public issue will be opening this Friday with a price band in the range of ₹397-417 per share. 

  Blackstone acquired IGI India in May 2023 for $570 million and the valuation of the firm is now around $2 billion. “I would just say that this company today is not the same company that we bought. A lot has happened in the last 18 months,” said Prateek Roongta, Managing Director within the portfolio operations group at Blackstone and a non-executive, nominee director on IGI India board. 

  Read full story here

• 09:42 | December 10, 2024

  IPO news live: Listing ceremony of PropShare Platina IPO from 9.15 AM onwards at BSE

  Catch the live action.

  (Source: X/@BSEIndia)

• 09:24 | December 10, 2024

  International Gemmological Institute IPO to open on December 13; sets price band at ₹397-417

  Blackstone-backed diamond grading firm International Gemmological Institute (India) Ltd on Monday fixed a price band of ₹397-417 per share for its ₹4,225-crore Initial Public Offering (IPO), which will open for subscription on December 13.

  Read more
• 09:13 | December 10, 2024

  Latest IPO News Live: Toss The Coin IPO raises Rs 2.60 crore from anchor investors.

• 08:54 | December 10, 2024

  IPO Live updates: Jungle Camps India IPO opens today: Price band ₹68-₹72

  Jungle Camps India opens today for public subscription and closes on Thursday. The IPO is a fresh issue of 40.86 lakh shares, valued at ₹29.42 crore, with a price band of ₹68 to ₹72 per share. The minimum lot size for an application is 1,600 shares, and the shares will be listed on BSE SME. Additionally, the IPO has raised ₹8.38 crore from anchor investors.

  Jungle Camps is a conservation-focused hospitality group that operates four award-winning boutique resorts in prime wildlife and tiger reserve national parks across central India. In addition to these resorts, the group manages a highway retreat and a restaurant and offers a variety of customised travel experiences.

  The company owns and operates 87 rooms, including villas, cottages, deluxe rooms, and safari tents. Its amenities include banquet halls, meeting rooms, restaurants, bars, cafes, swimming pools, and spa facilities.

  Khambatta Securities Limited is the book running lead manager of the Jungle Camps India IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Jungle Camps India IPO is Nikunj Stock Brokers.

• 08:52 | December 10, 2024

  IPO launches live news: Toss The Coin IPO opens Dec 10: price band ₹172-₹182

  Toss The Coin IPO opens for subscription on December 10, 2024, and closes on December 12, 2024. 

  The issue is entirely a fresh issue of 5.04 lakh shares worth Rs 9.17 crore

  Toss The Coin IPO price band is set at ₹172 to ₹182 per share. The minimum lot size for an application is 600 Shares. 

  Toss The Coin IPO will list on BSE SME 

  Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Toss The Coin IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Toss The Coin IPO is Spread X Securities.

• 08:05 | December 10, 2024

  IPOs Live News: Inventurus Knowledge Solutions sets IPO price band at Rs 1,265-1,329, opens December 12

  Inventurus Knowledge Solutions Ltd, which provides healthcare support services, on Monday set a price band of Rs 1,265-1,329 per share for its Rs 2,498-crore initial public offering (IPO).

  The initial share sale will be open for public subscription from December 12 to December 16, with bidding for anchor investors scheduled for December 11, the company announced.

  The company has reduced its issue size, which now comprises an Offer For Sale (OFS) of 1.88 crore equity shares by promoters and individual shareholders, with no fresh issue component. Earlier, the OFS size was 2.82 crore, as per the draft papers.

  The company has reserved 65,000 shares worth Rs 8.64 crore for its employees.

• 16:24 | December 9, 2024

  IPO Live Updates: Emerald Tyre Manufacturers IPO continues strong marketmomentum

  Emerald Tyre Manufacturers’ initial public offering (IPO) has demonstrated further escalation in investor interest, with total bids reaching 1,78,75,82,400 shares, reflecting continued market enthusiasm.

  The latest NSE bid details show a progressive increase in applications. Retail Individual Investors (RIIs) remain the primary driving force, with 7,73,145 applications covering 92,77,74,000 shares. Among these, 4,92,306 applications were placed at the cut-off price, indicating sustained retail investor confidence.

  Qualified Institutional Buyers (QIBs) submitted 116 applications for 19,14,06,000 shares, with a notable addition of mutual fund participation. Foreign Institutional Investors contributed 6,62,80,800 shares, while domestic financial institutions added 1,90,04,400 shares. Non-Institutional Investors maintained strong engagement, with 60,220 applications totaling 66,84,02,400 shares.

  The consistent growth in total applications from previous updates - rising from 7,79,486 to 8,33,481 - underscores the mounting market excitement surrounding this SME offering. The incremental increase in bids across all investor categories suggests robust confidence in Emerald Tyre Manufacturers Limited’s market potential.

  Final allocation and listing details are expected soon.

• 16:08 | December 9, 2024

  IPO Watch: Vishal Mega Mart IPO - Bajaj Broking Recommends Long-Term Subscription

  Vishal Mega Mart Limited is set to debut on the stock market with its ₹8,000 crore IPO, opening on December 11 and closing on December 13, 2024. Priced in the range of ₹74–78 per share, the issue aims for listing on both the NSE and BSE by December 18, 2024.

  Bajaj Broking, in its report, has given a “Subscribe for Long Term” recommendation, citing Vishal Mega Mart’s consistent profitability and strategic positioning in India’s aspirational retail market. The brokerage notes that while the issue is aggressively priced with a P/E ratio of 69.03 based on FY25 annualized earnings, the company’s asset-light business model and robust store network make it an attractive bet for long-term investors.

  The IPO includes a significant offer-for-sale component, with no proceeds allocated to the company. Promoter shareholding is set to decline from 96.46 per cent pre-issue to 76.02 per cent post-issue.

  Bajaj Broking highlights risks, including aggressive pricing and geographic revenue concentration, but remains optimistic about the company’s future in India’s organized retail sector, projected to grow at a CAGR of 9 per cent over the next five years.

• 15:54 | December 9, 2024

  IPO Live Updates: Mobikwik IPO - Bajaj Broking Recommends Long-Term Subscription

  Mobikwik’s upcoming IPO has garnered attention, with Bajaj Broking recommending a subscription for long-term investors. Scheduled from December 11 to 13, 2024, the IPO is priced between ₹265 and ₹279 per share, targeting a total issue size of ₹572 crore. The shares will debut on BSE and NSE on December 18.

  The fintech firm, known for its digital payment solutions and buy-now-pay-later product MobiKwik ZIP, aims to use the proceeds to expand its financial services, payment systems, and data technology capabilities. Bajaj Broking noted that Mobikwik’s diversification into financial products and its focus on underserved middle-income segments could bolster revenue and profit in the future.

  Mobikwik posted a net profit of ₹14.08 crore in FY24, a turnaround from losses in FY22 and FY23. However, it recorded a loss of ₹6.62 crore in Q1 FY25 due to pre-funding operational costs. Bajaj Broking highlights the firm’s negative P/E ratio for FY25 but acknowledges its potential in the underpenetrated financial services market.

  The firm’s valuation stands at a Price-to-Book Value (P/BV) of 10.06 based on its June 2024 NAV of ₹27.74, and 2.97 based on its post-IPO NAV of ₹94.05. The IPO allocation includes 75 per cent for Qualified Institutional Buyers, 15 per cent for Non-Institutional Investors, and 10 per cent for retail investors.

  Mobikwik’s growth strategy focuses on leveraging technology to capture untapped markets, with an emphasis on financial inclusion for middle-income groups. Bajaj Broking believes the IPO offers a promising opportunity for long-term gains despite current financial challenges.

• 15:30 | December 9, 2024

  IPO Live update: Emerald Tyre Manufacturers IPO sees massive oversubscription

  Emerald Tyre Manufacturers’ initial public offering (IPO) has witnessed an extraordinary surge in investor interest, with total bids reaching 1,67,82,15,600 shares, indicating a remarkable oversubscription rate.

  The latest NSE bid details reveal a significant increase in applications compared to the previous update. Retail Individual Investors (RIIs) continue to drive the momentum, with 7,21,781 applications covering 86,61,37,200 shares. Of these, 4,61,574 applications were placed at the cut-off price, demonstrating strong retail investor enthusiasm.

  Qualified Institutional Buyers (QIBs) submitted 109 applications for 18,36,22,800 shares, with Foreign Institutional Investors contributing 6,56,61,600 shares. The number of QIB applications has notably increased from the earlier report. Non-Institutional Investors also showed robust participation, with 57,596 applications totaling 62,84,55,600 shares.

  The substantial oversubscription suggests overwhelming market confidence in Emerald Tyre Manufacturers Limited’s potential. Investors seem particularly attracted to the company’s SME segment offering, with individual investors and institutional buyers alike showing strong interest.

  The dramatic increase in total applications from 6,38,855 to 7,79,486 underscores the growing excitement surrounding this public offering. 

• 14:38 | December 9, 2024

  Dhanlaxmi Crop Science Limited IPO subscription live: Total shares bid for is 3.04 crore as at 2.35 pm

  QIBs: Nil 

  NIIs: 46.58 lakh

  Retail: 2.57 crore

  Employee portion: Nil

• 14:17 | December 9, 2024

  IPO Updates Live: Emerald Tyre Manufacturers sees strong investor interest in SME IPO

  Emerald Tyre Manufacturers’ initial public offering (IPO) has garnered significant attention, with total bids reaching 1,18,56,67,200 shares across all categories, representing a substantial oversubscription of 318.62 times the offered shares.

  The SME issue, which opened on December 5th and closed on December 9th, 2024, attracted widespread investor participation. Retail Individual Investors (RIIs) emerged as the most active category, with 5,93,678 applications covering 71,24,13,600 shares. Of these, 3,88,293 applications were at the cut-off price, indicating strong retail investor confidence.

  Qualified Institutional Buyers (QIBs) submitted 72 applications for 9,84,70,800 shares, with Foreign Institutional Investors accounting for 3,67,38,000 shares. Non-Institutional Investors also showed robust interest, with 45,105 applications totaling 37,84,22,400 shares.

  The high subscription rate suggests strong market appetite for Emerald Tyre Manufacturers Limited’s equity, particularly among retail and individual investors. The IPO’s success reflects investor optimism about the company’s growth potential in the small and medium enterprise (SME) segment.

• 13:59 | December 9, 2024

  IPOs in December Live updates: International Gemmological Institute IPO to open on December 13; sets price band at ₹397-417

  Read more on the IPO of International Gemmological Institute here!

• 13:40 | December 9, 2024

  IPOs in December Live updates: Inventurus valued at ₹22,800 crore at upper band

  At the upper price band, the company’s IPO is estimated at ₹2,498 crore, placing its market capitalisation at over ₹22,800 crore.

• 13:39 | December 9, 2024

  December IPOs Live updates: Inventurus Knowledge IPO is an offer-for-sale only

  The offer from Inventurus Knowledge Solutions is an offer-for-sale; so the company will not receive any proceeds from the IPO and the entire fund will go to shareholders.

• 13:13 | December 9, 2024

  Dhanlaxmi Crop Science Limited IPO subscription live: Total shares bid for is 2.30 crore as at 1.10 pm

  QIBs: Nil

  NIIs: 34.64 lakh 

  Retail: 1.95 crore

  Employee portion: Nil

• 12:24 | December 9, 2024

  IPO Updates Live: Emerald Tyre Manufacturers IPO sees strong investor interest in SME IPO

  Emerald Tyre Manufacturers SME initial public offering (IPO), which opened on December 5, 2024 and is set to close today, has garnered significant investor attention across multiple categories.

  The issue, totaling 37,21,200 shares, has attracted substantial oversubscription with total bids reaching 75,90,90,000 shares. Retail Individual Investors (RIIs) have shown the most robust participation, with 4,50,022 applications seeking 54,00,26,400 shares. Of these, 2,91,648 applications were at the cut-off price, covering 34,99,77,600 shares.

  Non-Institutional Investors also demonstrated strong interest, with 33,053 applications bidding for 22,83,33,600 shares. Individual investors in this category were particularly active, submitting 32,783 applications for 22,61,52,000 shares.

  Qualified Institutional Buyers (QIBs) submitted 23 applications, seeking 1,48,30,800 shares. Within this category, only one Foreign Institutional Investor (FII) application was received for 7,38,000 shares. No applications were received from domestic financial institutions or mutual funds.

  As at 12.14 pm, the total number of applications reached 4,83,098, with investors bidding for 78,31,90,800 shares, indicating robust market confidence in the SME segment.

• 11:48 | December 9, 2024

  Stock market update: Sensex, Nifty trade flat with negative bias

  Click here to get updates on the stock market!

• 11:19 | December 9, 2024

  IPO Live updates: Upcoming Inventurus Knowledge Solutions IPO to open on December 12

  The Inventurus Knowledge Solutions IPO is a main board offering of 18,795,510 equity shares with a face value of ₹1, totaling up to ₹2,497.92 crores. The issue price is set between ₹1,265 and ₹1,329 per share, with a minimum order quantity of 11 shares. The IPO will be open for subscription from December 12 to December 16, 2024.

• 10:48 | December 9, 2024

  IPO live updates: Purple United Sales Limited will be open for subscription from December 11

  The Initial Public Offering (IPO) for Purple United Sales Limited will be open for subscription from December 11 to December 13, 2024. The IPO comprises a fresh issue of 26,04,000 equity shares, including a market maker portion of 1,31,000 shares, through a 100 per cent book-building process. Shares are priced between ₹121 and ₹126 per equity share, with a face value of ₹10. The minimum bid lot is 1,000 equity shares, and retail investors can subscribe for a maximum amount of ₹2,00,000. 

• 10:45 | December 9, 2024

  IPO Watch: Jungle Camps India announces IPO price band of ₹68-72; opens for subscription on December 10

  Jungle Camps India Limited (JCIL), one of the leading experiential ecological hospitality groups in India, has announced the pricing of its Initial Public Offering (IPO). The IPO, which consists of a fresh issue of 4,086,400 equity shares with a face value of ₹10 each, will open for subscription on December 10, 2024, and close on December 12, 2024. The anchor book will open for institutional investors on December 9, 2024.

  The price band for the IPO has been set at ₹68 to ₹72 per share. 

  The allocation of shares is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNIs). Khambatta Securities Limited is the sole Book Running Lead Manager to the issue, while Skyline Financial Services Private Limited will serve as the Registrar.

  Jungle Camps IPO to list on BSE SME. 

  The company aims to raise approximately ₹29.42 crores through the IPO, which will be utilized to fund its strategic expansion plans, strengthen its brand presence, and enhance operational capabilities. Key areas of investment include:

  · ₹7.00 crore for developing a new project at Sanjay Dubri National Park in Madhya Pradesh.

  · ₹3.50 crore for renovating its existing resort, Pench Jungle Camp, located in Pench National Park, Madhya Pradesh.

  · ₹11.50 crore for investment in its subsidiary, Madhuvan Hospitality Private Limited, to develop a 4-star hotel in Mathura, Uttar Pradesh.

  The remaining capital will be used for general corporate purposes.

• 10:42 | December 9, 2024

  IPO live updates: LG Electronics India files DRHP, to sell 10.18 crore shares

  With plans to list its Indian arm, LG Electronics India, South Korean consumer durables major LG Electronics Inc on Friday filed a draft red herring prospectus with market regulator SEBI for an IPO go ahead for a public listing at the Indian bourses. The issue, which is completely offer for sale, will see promoter, LG Electronics Inc, offloading up to 10.18 crore shares of face value of ₹10 each to be issued through a book building route. The IPO will constitute 15 per cent stake sale for the controlling parent in the Indian unit.

  More read here

• 10:35 | December 9, 2024

  IPO Watch: International Gemmological Institute sets IPO price band at ₹397-417; subscriptions open December 13-17

  International Gemmological Institute has set the price band for its Rs 4225 crore IPO in the range Rs 397-417 a share. The issue will be open Dec 13-17

• 10:31 | December 9, 2024

  IPOs Live updates today: Toss the Coin Limited opens on Dec 10 on the BSE SME platform

  Security Type: Equity 

  Symbol: TTC 

  Issue Period: 10 Dec 2024 to 12 Dec 2024 

  Issue Size - No. of Shares: 5,04,000 

  Price Band: 172.00-182.00 

  Face Value: 10.00 

  Tick Size: 1.00 

  Market Lot: 600 

  Minimum Bid Quantity: 600 

  Maximum Bid Quantity for Qualified Institutional Investors: 478200 

  Maximum Bid Quantity for Non-Institutional Investors: 240000 

• 09:40 | December 9, 2024

  IPOs coverage live today: Vishal Mega Mart IPO opens Dec 11: price band ₹74-₹78

  Vishal Mega Mart Ltd., :- IPO

  Offer Opens On : Wed 11 Dec, 2024 

  Offer Closes On : Fri 13 Dec, 2024 

  F.V. : Rs.10 Per Share 

  Offer Details : OFS of upto Rs.8,000 Cr 

  Offer Size : Rs.8,000 Cr 

  Price Band : Rs.74 - Rs.78 

  Bid Lot : 190 Equity Shares 

  Offer Allocation : 50% QIB ( Rs.4,000 Crs ), 15% NII ( Rs.1,200 Crs ), 35% Retail ( Rs.2,800 Crs ) 

  Listing : BSE & NSE 

  Min Appln Amt : Rs.14,820 

  No. Of Applications for 1 X : 18,89,339 

  Read full story here

• 09:39 | December 9, 2024

  IPOs coverage live today: One MobiKwik IPO launches Dec 11: price band ₹265-₹279

  One MobiKwik Systems Ltd., :- IPO

  Issue Opens On : Wed 11 Dec, 2024 

  Issue Closes On : Fri 13 Dec, 2024 

  F.V. : Rs.2 Per Share 

  Issue Details : Fresh Issue of Equity Shares aggregating to Rs.572 Cr 

  Issue Size : Rs.572 Cr 

  Price Band : Rs.265 - Rs.279 

  Bid Lot : 53 Equity Shares 

  Issue Allocation : 75% QIB ( Rs.429 Crs ), 15% NII ( Rs.85.80 Crs ), 10% Retail ( Rs.57.20 Crs ) 

  Listing : BSE & NSE 

  Min Appln Amt : Rs.14,787 

  No. Of Applications for 1 X : 38,683 

  For more read

• 09:38 | December 9, 2024

  IPOs this week live updates: Sai Life Sciences IPO opens Dec 11: price band ₹522-₹54

  Sai Life Sciences Ltd., :- IPO

  Issue Opens On : Wed 11 Dec, 2024 

  Issue Closes On : Fri 13 Dec, 2024 

  F.V. : Rs.1 Per Share 

  Issue Details : Fresh Issue of Equity Shares aggregating to Rs.950 Cr + OFS of upto 38,116,934 Equity Shares 

  Issue Size : Rs.2,940 - Rs.3,043 Cr 

  Price Band : Rs.522 - Rs.549 

  Bid Lot : 27 Equity Shares 

  Issue Allocation : 50% QIB ( Rs.1521.31 Crs ), 15% NII ( Rs.456.39 Crs ), 35% Retail ( Rs.1064.92 Crs ) 

  Listing : BSE & NSE 

  Min Appln Amt : Rs.14,823 

  No. Of Applications for 1 X : 7,18,422 

• 09:36 | December 9, 2024

  IPOs live updates: Retail surge powers India’s primary market as IPO activity heats up

  India’s primary market is set to continue its impressive momentum, driven by a strong pipeline of IPOs. To date, 75 major IPOs have made their debut on the stock exchanges, and this number is expected to rise, with almost 30 companies already receiving approval from Sebi and preparing for their IPO launch. 

  As India’s secondary market soars to new heights with benchmark indices hitting record levels daily, the primary markets are equally electric, teeming with activity. What was once the domain of institutional investors is now seeing a remarkable surge in retail participation. This shift is being fuelled by the allure of higher returns and the growing ease of access to financial markets, making it an exciting time for individual investors to dive in.

  -- Pantomath Capital Advisors Private Limited, Trusted Mid-Market Investment Bank

Published on December 9, 2024