Tue Dec 10 15:10:00 UTC 2024: **Five IPOs to Hit Dalal Street, Raising ₹18,340 Crore**

**MUMBAI** – The Indian IPO market is experiencing a surge in activity, with five major initial public offerings (IPOs) set to launch over the next three days, collectively raising ₹18,340 crore (US$2.2 billion). This wave of IPOs follows a period of renewed investor enthusiasm in the primary market, driving significant activity even in the unofficial grey market.

Leading the pack is Vishal Mega Mart, aiming to raise ₹8,000 crore with shares priced between ₹74 and ₹78. The retail chain is showing a strong grey market premium (GMP) of ₹25, suggesting a potential 32% listing gain. Other significant offerings include Sai Life Sciences (₹3,042.62 crore), Mobikwik (₹572 crore), and Rakesh Jhunjhunwala-backed Inventurus Knowledge Solutions (₹2,500 crore). International Gemmological Institute (India) rounds out the week’s offerings with a planned ₹4,225 crore raise.

Each IPO exhibits considerable grey market interest, indicating robust investor anticipation. For example, Sai Life Sciences shows a GMP of ₹30-32, suggesting a 6% gain, while Mobikwik’s GMP of ₹130 points to a potential 47% surge. Inventurus Knowledge Solutions and International Gemmological Institute also display promising GMPs of ₹350 (26% gain) and ₹100 (25% gain), respectively.

These IPOs are expected to further fuel the already buoyant primary market, marking a significant period of growth for the Indian capital markets. The strong grey market activity underscores investor confidence in these offerings.

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