Upcoming IPO in December 2024 in India

Looks like Vishal Mega Mart, International Gemological Institute, and Avanse Financial Services are some of the IPOs expected to launch with amounts ₹8000 crores, ₹4000 crores, and ₹3,500 crores are ready to shake the stock market in December with their incredible IPO size.

Moreover, in FY 2024 total of 135 IPO performed well, with 74 mainboard IPO and 61 SMEs, wherein more than 100 companies (113) gained on the listing date and 20 companies listed in discount.

List of upcoming IPOs in December 2024

Here is the list of upcoming IPOs in December 2024. Let’s find out the current Mainline and SME IPOs that open this week and in the forthcoming weeks in one place.

Vishal Mega Mart IPO

Vishal Mega Mart will be open for subscription in December 2024. Vishal Mega Mart company has confirmed to the SEBI to launch an IPO and raise funds additionally, the IPO is fully OFS(offer for sale). This company is about to raise a total ₹8000 crores through an IPO with a price band not declared yet. Vishal Mega Mart is a substantial company that sells various products, including fashion, groceries, and general merchandise. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Senores Pharma IPO

Senores Pharma will be open for subscription in 2024-2025 and will close in 2024-2025. Senores Pharma is one of the leading pharma company experts in developing and manufacturing a wide range of pharmaceutical products. They have filed DRHP with SEBI to raise funds of around ₹600 crores via initial public offerings (IPO). This upcoming IPO contains fresh issues as well as an offer-for-sale. It includes Rs 600 crore as fresh equity shares, and existing shareholders are selling 27 lakh equity shares as an offer-for-sale (OFS). It is a mainboard IPO. The retail quota is 10%, QIB is 75%, and HNI is 15%.

Solarworld Energy IPO

Solarworld Energy’s IPO date has been not announced yet. SolarWorld Energy Solutions is a book-built issue and planned to raise around ₹440 crores via IPO. This upcoming IPO contains fresh issues as well as an offer-for-sale of shares valued at Rs 50 crore with a face value of ₹5. Solarworld Energy IPO specializes in engineering, procurement, and construction (“EPC”) services for solar power projects. The IPO is to be listed on the NSE and BSE. The retail quota is 10%, QIB is 75%, and HNI is 15% as per DRHP. 

Patel Retail Limited IPO

Patel Retail Limited’s IPO opening and closing date has not been announced yet. They filed draft papers with the SEBI on March 29 this year to raise funds of ₹285.60 crore via an initial public offering. This IPO will be a mix of fresh issue of 85.18 lakh shares and an offer-for-sale of 10.02 lakh shares. Patel Retail Limited is a strong player in food processing and processing a wide range of products. The IPO is to be listed on NSE making it an SME IPO. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Quadrant Future Tek IPO

Quadrant Future Tek IPO is closing and the opening date has been not announced yet. They filed Drhp papers with SEBI to raise funds of Rs 275 crore through an Initial public offering with a face value of ₹10 each. This IPO will be a fully offer for sale. This IPO is a mainboard IPO. Founded in 2015, Quadrant Future Tek is making history by providing next-generation train control and signaling systems, offering a great level of security to passengers. Their product consists of special cables that can be used in the navy sector to maximize safety and security. 

Indo Farm Equipment IPO

Indo Farm Equipment’s IPO opening and closing date have not yet been declared. Indo Farm Equipment has filed draft papers to Sebi to raise funds via a public issue of 250 crore equity shares. This IPO is a mix of a fresh issue and an offer-for-sale of 35 lakh shares. Indo Farm Equipment offers some of the best powerful equipment in India for easy farming. Their products consist of a variety of farming tractors and advanced farming tools. The IPO is to be listed on the NSE and BSE.

Denta Water and Infra IPO

Denta Water and Infra IPO opening and closing date has not been announced yet. A popular company in water engineering and construction services, Denta Water and Infra Solutions has filed draft papers with the capital market regulator SEBI for fundraising via initial public offering (IPO). This IPO comprises only a fresh issue of rs. 200 crore with no offer-for-sale. The IPO is to be listed on the NSE and BSE.

International Gemological Institute IPO

No date has been set for the International Gemological Institute (India) initial public offering yet. International Gemological Institute India is a Mainboard IPO that plans to earn approximately ₹4000 crores through an initial public offering (IPO) with a combination of a fresh issue of Rs1250 crore and OFS(Offer For Sale) of Rs 2,750 Cr with no price band declared yet. It contains both fresh issues and an offer-for-sale. As for DRHP, the retail quota is 10%, QIB is 75%, and HNI is 15%. 

DAM Capital Advisors IPO

DAM Capital Advisors Limited filed a draft red herring prospectus with the Securities and Exchange Board of India for IPO on September 4, 2024. This IPO is 32,064,010 equity shares with a face value of Rs 2 each. It is the fastest-growing investment bank in India by revenue CAGR from FY 2022 to 2024 with the highest profit margin in Fiscal 2024, among the peers considered.

 Sai Life Sciences IPO

Sai Life Sciences IPO will be open for subscription in December 2024. This is a mainboard IPO about to list shares on the stock exchanges and raise ₹800 crore through an IPO with a price band not declared yet. Sai Life Sciences is a contract research, development, and manufacturing organization (CRDMO) that works with pharmaceutical and biotech companies to accelerate the discovery, development, and commercialization of small molecules. 

Paras Healthcare IPO

Paras Healthcare is a well-known hospital that caters to clinical specialties, including cardiac sciences, oncology, neurosciences, gastro sciences, and orthopedics and joint replacement. It is going to launch an IPO with a combination of fresh issues of ₹400 crore and OFS to 14,974,010 equity shares with a face value of ₹1 each. However, the price band is yet to be announced.

Mobikwik IPO

Mobikwik Systems IPO open date is 2024 and the IPO will close in 2024. Mobikwik Systems IPO is a Book Built Issue. The company is to raise around ₹700 crores via IPO that comprises fresh issue of ₹700 crores and offer for sale up to [.] equity shares with face value of ₹2 each. Mobikwik Systems IPO price band is ₹[.] to ₹[.] per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. Mobikwik Systems IPO to list on BSE & NSE in 2024. The IPO allotment of Mobikwik Systems IPO date is 2024.

Avanse Financial Services IPO

The Avanse Financial Services IPO, which is a book-built issue, opens in 2024 and closes in 2024. The company aims to raise around ₹3,500.00 crores via an IPO that comprises a fresh issue of ₹1,000.00 crores and an offer for sale of up to [.] equity shares with a face value of ₹5 each. Avanse Financial Services IPO price band is ₹[.] to ₹[.] per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Avanse Financial Services IPO to list on BSE & NSE in 2024. The allotment of Avanse Financial Services IPO date is 2024. The company reported revenue of ₹1,728.81 crores in 2024 against ₹990.23 crore in 2023.

Rosmerta Digital Services

Rosmerta Digital Services IPO’s open date is 2024 and the IPO will close in 2024. Rosmerta Digital Services IPO is a Book Built Issue. The company is to raise around ₹206.33 crores via IPO that comprises fresh issue of ₹206.33 crores and offer for sale up to [.] equity shares with a face value of ₹2 each. Rosmerta Digital Services IPO price band is ₹140 to ₹147 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Rosmerta Digital Services IPO to list on BSE in 2024. The allotment of Rosmerta Digital Services IPO date is 2024. The company reported revenue of ₹84.19 crore in 2024 against ₹29.79 crore in 2023. 

Property share investment trust

Property share investment trust works under the REIT Regulations and law as a small and medium real estate investment trust. Small and medium real investment trusts, let people invest in real estate like office buildings, malls, hotels, and hospitals. Moreover, the Property Share REIT IPO’s open date is December 2, 2024, and the IPO will close on December 4, 2024. Property Share REIT IPO is a Book Built Issue. The company is to raise around ₹353 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to [.] equity shares with face value of ₹[.] each. Property Share Investment Trust IPO price band is ₹[.] per share. The retail quota is 00%, QIB is 75%, and HNI is 25%. 

Suraksha Diagnostic

Suraksha Diagnostic IPO’s open date is November 29, 2024, and the IPO will close on December 3, 2024. Suraksha Diagnostic IPO is a Book Built Issue. The company is to raise around ₹846.25 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 1,91,89,330 equity shares with a face value of ₹2 each. Suraksha Diagnostic’s IPO price band is ₹420 to ₹441 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. This company offers services like Medical testing, diagnostic solutions, and medical consultation. It is headquartered in East India and caters end-to-end solutions of pathology and radiology testing to its consumers through its functional network.

Ganesh Infraworld’s IPO

Ganesh Infraworld’s IPO open date is November 29, 2024, and the IPO will close on December 3, 2024. Ganesh Infraworld IPO is a Book Built Issue. The company is to raise around ₹98.58 crores via IPO that comprises fresh issue of ₹98.58 crores and offer for sale up to [.] equity shares with a face value of ₹10 each. Ganesh Infraworld’s IPO price band is ₹78 to ₹83 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Ganesh Infraworld IPO to list on NSE on December 6, 2024. It provides support services on different projects and developments.

Agarwal Toughened Glass IPO

Agarwal Toughened Glass IPO’s open date is November 28, 2024, and the IPO will close on December 2, 2024. Agarwal Toughened Glass IPO is a Book Built Issue. The company is to raise around ₹62.64 crores via IPO that comprises fresh issue of ₹62.64 crores and offer for sale up to [.] equity shares with a face value of ₹10 each. Agarwal Toughened Glass’s IPO price band is ₹105 to ₹108 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. It is a high-technology company specializing in manufacturing toughened glass. They have offered advanced material and high-performance reflective glasses for more than 25 years now. 

Mamata Machinery IPO

Mamata Machinery’s IPO open date is 2024 and the IPO will close in 2024. Mamata Machinery IPO is a Book Built Issue. The company is to raise around ₹[.] crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 73,82,340 equity shares with a face value of ₹10 each. Mamata Machinery IPO price band is ₹[.] per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Mamata Machinery IPO to list on BSE & NSE in 2024. The company reported revenue of ₹200.87 crore in 2023 against ₹192.25 crore in 2022. The company reported Profit of ₹22.51 crores in 2023 against Profit of ₹21.70 crores in 2022.

Nisus Finance IPO

Nisus Finance IPO is to open in 2024. Nisus Finance Services is SME IPO to raise ₹101.62 crores via IPO. The Nisus Finance Services IPO price band is fixed at ₹170 to ₹180. Nisus Finance Services (NiFCO) which was established on August 21, 2023, previously known as Molior Realty Private Limited offers Transaction Advisory Services. Founded with extensive experience, Nisus Finance Group (NiFCO) has become one of India’s most dynamic financial services firms. 

Transrail Lighting IPO

Transrail Lighting IPO is expected to open in December 2024 and close in December 2024. Transrail Lighting company has confirmed to the SEBI to launch an IPO of Rs. 450 Crore with a Face value of ₹2 each, the IPO is fully OFS(offer for sale) of 1 crore shares. The price band of the Transrail Lighting has not been announced yet. Transrail Lighting incorporated on February 18, 2008, is an Indian engineering, procurement, and construction (“EPC”) company with expertise in power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. The retail quota is 35%, QIB is 50%, and HNI is 15%. 

Jungle Camps IPO

Jungle Camps IPO will be open for subscription on December 10, 2024, and closes on December 12, 2024. Jungle Camps IPO has confirmed to SEBI to launch an IPO of Rs. 29.42 crores. It is a book-built issue IPO. This IPO is fully a fresh issue of 40.86 lakh shares with a face value of ₹10 per share. This IPO will be listed on BSE SME respectively. The price band of the Jungle camps is fixed at ₹68 to ₹72 per share. Jungle Camps is one of the leading companies that offer eco-friendly camps to guests close to beautiful nature and the environment. They also offer other facilities such as banquet halls, meeting rooms, restaurants, bars, cafés, swimming pools, spa facilities, and other associated facilities. The retail quota is 35%, QIB is 50%, and HNI is 15%. 

Purple United Sales IPO

Purple United Sales IPO will be open for subscription on December 11, 2024, and will close on December 13, 2024. Purple United Sales IPO is a book-built issue. The company is confirmed to SEBI to raise ₹32.81 crores through IPO. This IPO is completely a fresh issue with a face value of ₹10 per share. Purple United Sales IPO is set at ₹121 to ₹126 per share and the IPO will be listed on NSE SME respectively. Founded in 2014, Purple United Sales is a shop for kids’ clothing, footwear, and accessories for children of any age. This company designs sources, markets, and sells clothing footwear, and other variety of products and accessories such as strollers for children.  The retail quota is 35%, QIB is 50%, and HNI is 15%.