IPO Boom: Five Major Initial Public Offerings to Watch This Week

The Indian primary market is buzzing with activity as five mainboard IPOs prepare to hit Dalal Street, aiming to collectively raise ₹18,340 crore over the next three days. With renewed investor interest and rising grey market premiums (GMPs), these IPOs are expected to fuel the ongoing bullish sentiment and historic highs in the Indian IPO market.

IPO Highlights: Dates, Pricing, and GMPs

1. Vishal Mega Mart IPO

• Issue Size: ₹8,000 crore
• Price Band: ₹74–78 per share
• Lot Size: 190 shares and multiples thereafter
• GMP: ₹25, suggesting 32% listing gains
  Vishal Mega Mart, a prominent retail hypermarket chain, is poised for strong investor interest given its attractive pricing and substantial market presence.

2. Sai Life Sciences IPO

• Issue Size: ₹3,042.62 crore
  • Fresh Issue: ₹950 crore
  • Offer for Sale (OFS): Up to 3.81 crore equity shares
• Price Band: ₹522–549 per share
• Lot Size: 27 shares
• GMP: ₹30–32, hinting at 6% potential gains
  Sai Life Sciences, a pharma firm, has drawn investor attention with its strong growth outlook and favorable pricing.

3. Mobikwik IPO

• Issue Size: ₹572 crore (fresh issue only)
• Price Band: ₹265–279 per share
• Lot Size: 53 shares
• GMP: ₹130, indicating an impressive 47% gain
  Mobikwik, a new-age fintech platform, is expected to attract strong bids, especially given its positive grey market sentiment and growing digital payments market.

4. Inventurus Knowledge Solutions (IKS Health) IPO

• Issue Size: ₹2,500 crore
• Price Band: ₹1,265–1,329 per share
• Lot Size: 11 shares
• GMP: ₹350, pointing to 26% listing gains
  Backed by investor Rakesh Jhunjhunwala, IKS Health, a healthcare admin solutions provider, is anticipated to perform strongly due to robust fundamentals and GMP strength.

5. International Gemmological Institute (India) IPO

• Issue Size: ₹4,225 crore
  • Fresh Issue: ₹1,475 crore
  • OFS: ₹2,750 crore
• Price Band: ₹397–417 per share
• Lot Size: 35 shares
• GMP: ₹100, signaling 25% gains
  As a significant player in gem certification, International Gemmological Institute’s IPO has generated considerable buzz, especially among niche investors.

Why the Surge in IPO Activity?

The recent wave of IPOs can be attributed to multiple factors:

1. Strong Market Sentiment: A revival in investor confidence and favorable liquidity conditions.
2. Grey Market Activity: High GMPs are encouraging retail and institutional investors alike.
3. Sectoral Diversification: With companies from retail, pharma, fintech, healthcare, and certification industries, the offerings cater to diverse investor interests.

Impact on the Grey Market

The grey market for these IPOs has seen significant activity, underscoring the potential listing gains. Vishal Mega Mart and Mobikwik, in particular, are leading with strong GMPs of ₹25 and ₹130, respectively, indicating robust demand.

The IPO spree on Dalal Street is creating exciting opportunities for investors as these five mainboard issues enter the market. With significant GMPs and strong fundamentals, these IPOs are poised to add momentum to the Indian equity market. Investors should stay informed, assess their risk appetite, and make strategic bidding decisions.