4 Hottest IPOs of the Week: Don’t Miss Out

4 Hottest IPOs of the Week: Don’t Miss Out!

IPO for Mamata Machinery opens on December 19

4 Hottest IPOs of the Week: Don’t Miss Out! Mamata Machinery Ltd has set the price range for its initial public offering (IPO) at ₹230-243 per share. The IPO, which is a pure offer for sale (OFS) of up to 7.38 million shares by promoters and existing shareholders, is expected to raise ₹179.39 crore at the upper price band. Subscription for the IPO will be open from December 19 to December 23, 2024. Anchor investors can start bidding on December 18.

Key dates for the IPO process include the finalization of allotment on December 24, refunds and credit of shares to demat accounts on December 26, and the company’s debut on stock exchanges on December 27.

Mamata Machinery is a prominent producer and exporter of packaging machinery, including plastic bag and pouch-making machines and extrusion equipment. Its products cater to diverse industries such as FMCG, food, and beverages, serving well-known customers like Balaji Wafers, Hershey India, and Western India Cashew Company. The company sells packaging machinery directly to consumer brands and converters within these sectors.

With a global footprint, the company generates significant revenue through its wholly-owned subsidiary, Mamata Enterprises Inc., operating internationally. It has supplied machinery to over 75 countries, supported by a sales network across Europe, South Africa, and Asia, and offices in Bradenton, Florida, and Montgomery, Illinois, USA.

Mamata Machinery operates a 20,662-square-meter manufacturing facility in Sanand, Ahmedabad, India, equipped with advanced infrastructure such as an in-house electronics department and demo center. Additionally, its Bradenton facility focuses on product development and machine customization for the American market.

For the fiscal year 2024, Mamata Machinery recorded revenue of ₹236.61 crore, a notable increase from ₹200.87 crore in the previous fiscal. Net profit also rose to ₹36.13 crore from ₹22.51 crore during the same period.

IPO GMP Update: Mobikwik Leads Day 3 with 28.56x Subscription; Vishal Mega Mart & Sai Life Show Steady Growth

4 Hottest IPOs of the Week: Don’t Miss Out! Today marks the final day for subscriptions to three prominent IPOs: Mobikwik, Vishal Mega Mart, and Sai Life Sciences. Here’s a detailed look at their current status and trends:

Mobikwik IPO

• As of 11:20 AM, Mobikwik has seen tremendous interest, especially from retail investors, with the following subscription data:
  • Retail Individual Investors (RIIs): 83.74x
  • Non-Institutional Investors (NIIs): 48.50x
  • Qualified Institutional Buyers (QIBs): 1.12x
  • Total Subscription: 29.06x

Sai Life Sciences IPO

• At 11:30 AM, Sai Life Sciences reported:
  • QIBs: 4.13x
  • NIIs: 0.98x
  • RIIs: 0.53x
  • Total Subscription: 1.62x

Vishal Mega Mart IPO

• Vishal Mega Mart’s ₹8,000 crore public issue saw the following subscription levels:
  • QIBs: 0.51x
  • NIIs: 6.30x
  • RIIs: 1.43x
  • Total Subscription: 2.21x

Key Takeaways

• Mobikwik leads the pack with an overwhelming response from retail investors, reflecting strong market interest.
• Vishal Mega Mart has shown steady growth, especially among high-net-worth individuals, despite moderate participation from institutional buyers.
• Sai Life Sciences is progressing slower but has gained traction from institutional investors.

Vishal Mega Mart IPO strong, GMP rises

Vishal Mega Mart IPO Day 3: Subscription Status, GMP, and Investment Review

Grey Market Premium (GMP)

4 Hottest IPOs of the Week: Don’t Miss Out! As of December 13, 2024, the grey market premium (GMP) for Vishal Mega Mart shares is ₹22, reflecting a ₹5 increase from ₹17 on the previous day. This rising trend in GMP is seen as a positive indicator despite a neutral market sentiment. Observers suggest the premium could strengthen further if the stock market shows signs of recovery.

Subscription Status

The Vishal Mega Mart IPO, which opened on December 11 and closes today, has garnered significant interest.

• Retail Individual Investors (RIIs): Subscribed 1.45x
• Non-Institutional Investors (NIIs): Subscribed 6.44x
• Qualified Institutional Buyers (QIBs): Subscribed 0.52x
• Total Subscription: 2.25x

IPO Details

• Price Band: ₹74 to ₹78 per share
• Issue Size: ₹8,000 crore, entirely an Offer for Sale (OFS)
• Subscription Period: December 11-13, 2024

Investment Review

Analysts are generally optimistic about the IPO for long-term investors:

• Choice Broking: Recommends a “Subscribe for Long Term” rating, highlighting Vishal Mega Mart’s strong inventory and working capital management, as well as its steady growth in revenue and profitability.
• Ashika Research: Assigns a “Subscribe” tag, citing valuations of 69.2x P/E and 28.1x EV/EBITDA at the higher price band as reasonable given the company’s growth potential.
• Other Analysts: Firms like Arete Securities, AUM Capital, KR Choksey Securities, and Swastika Investmart also advocate subscribing to the IPO for long-term benefits.

Conclusion

The IPO has shown encouraging subscription figures and a rising GMP trend, suggesting healthy demand. With several analysts backing the offer for long-term gains, investors looking for sustained growth may consider applying. However, as the valuation is considered full, those seeking short-term gains should tread cautiously.

Four IPOs open, strong GMPs seen

Four Mainboard IPOs Open for Subscription: Key Details and GMP Insights

4 Hottest IPOs of the Week: Don’t Miss Out! India’s primary market is abuzz with activity as four major IPOs—MobiKwik, Vishal Mega Mart, Sai Life Sciences, and Inventurus Knowledge Solutions—are currently open for subscription. Here’s an overview of each offering, including grey market premium (GMP), price bands, and key dates.

1. MobiKwik IPO- 4 Hottest IPOs of the Week: Don’t Miss Out!

• Details: One MobiKwik Systems, a digital payments platform, aims to raise ₹572 crore through a 100% fresh issue of 2.05 crore equity shares.
• Price Band: ₹265–₹279 per share.
• Lot Size: Minimum of 53 shares.
• Subscription Period: December 11–13, 2024.
• Grey Market Premium (GMP): ₹435 per share, reflecting a 56% premium over the upper price band of ₹279.

2. Vishal Mega Mart IPO- 4 Hottest IPOs of the Week: Don’t Miss Out!

• Details: The retail giant is looking to raise ₹8,000 crore entirely through an offer for sale (OFS) of 102.56 crore shares.
• Price Band: ₹74–₹78 per share.
• Lot Size: Minimum of 190 shares.
• Subscription Period: December 11–13, 2024.
• Grey Market Premium (GMP): ₹95 per share, a 21.79% premium over the upper price band of ₹78.

3. Sai Life Sciences IPO- 4 Hottest IPOs of the Week: Don’t Miss Out!

• Details: Sai Life Sciences, a CRDMO in the pharmaceutical sector, is raising ₹3,042.62 crore. The issue includes a fresh issue worth ₹950 crore and an OFS worth ₹2,092.62 crore (3.81 crore shares).
• Price Band: ₹522–₹549 per share.
• Lot Size: Minimum of 27 shares.
• Subscription Period: December 11–13, 2024.
• Grey Market Premium (GMP): ₹573 per share, a modest 4.4% premium over the upper price band of ₹549.

4. Inventurus Knowledge Solutions IPO- 4 Hottest IPOs of the Week: Don’t Miss Out!

• Details: Backed by Rekha Jhunjhunwala, this IPO seeks to raise ₹2,498 crore entirely via an OFS for 1.87 crore shares.
• Price Band: ₹1,265–₹1,329 per share.
• Lot Size: Minimum of 11 shares.
• Subscription Period: December 12–16, 2024.
• Grey Market Premium (GMP): ₹1,704 per share, showing a strong 28.2% premium over the upper price band of ₹1,329.

Conclusion

4 Hottest IPOs of the Week: Don’t Miss Out! These IPOs span diverse high-growth sectors, from fintech and retail to pharmaceuticals and healthcare solutions. The strong grey market premiums, particularly for MobiKwik and Inventurus Knowledge Solutions, suggest robust investor interest. Investors should evaluate these offerings based on their risk appetite and investment goals.