December 2024 IPO has been an exciting month for the stock market, with numerous IPOs (Initial Public Offerings) hitting the exchanges. From major tech and retail companies to smaller enterprises, the market saw a mix of strong and more moderate performances. This post will explore some of the key IPOs that debuted in December, highlighting their performance and providing insights for potential investors.
Performance in December 2024 IPOs
Here’s a quick overview of the key IPOs that have listed on the exchanges this month and their performance so far:
| Company | IPO Listing Date | Listing Price (BSE) | Premium Over IPO Price | Current Price (Dec 24) | Price Change (Last 5 Days) |
|---|---|---|---|---|---|
| Mobikwik | December 18 | Rs 442.25 | 58.51% | Rs 593.55 | +34.90% |
| Vishal Mega Mart | December 18 | Rs 110 | 41% | Rs 104.33 | -2.06% |
| Inventurus Knowledge Solutions | December 19 | Rs 1,856 | 39.65% | Rs 1,928 | +1.70% |
| International Gemmological Institute | December 20 | Rs 510 | 22% | Rs 528.90 | +9.68% |
| Sai Life Sciences | December 18 | Rs 660 | 20.2% | Rs 761.90 | +17.22% |
Key IPO Highlights:
Mobikwik IPO
Mobikwik, a prominent digital wallet company, made a notable debut on the stock exchanges on December 18, 2024. The company’s shares were listed at Rs 442.25 on the BSE, which was a 58.51% premium over its IPO allotment price of Rs 279. This strong debut shows the market’s confidence in the digital payment space, with Mobikwik’s shares continuing to soar. By December 24, the stock closed at Rs 593.55, a 12.30% increase for the day. Over the past week, the stock has gained 34.90%, reflecting its positive reception by investors. Mobikwik’s strong debut sets a positive tone for digital startups in the IPO market.
Vishal Mega Mart IPO
Vishal Mega Mart, a well-established hypermarket chain in India, also made its debut on December 18. The stock opened at Rs 110 on the BSE, reflecting a 41% premium over its issue price of Rs 78. While the initial response was positive, the stock has seen a more muted performance since then. By December 24, the stock closed at Rs 104.33, showing a small gain of 2.34% during the day. However, over the past five days, the stock recorded a slight dip of 2.06%, indicating that investor enthusiasm for this retail chain has slowed. Despite this, Vishal Mega Mart remains an important player in the retail sector, and its stock might show more movement in the coming weeks.
Inventurus Knowledge Solutions IPO
Inventurus Knowledge Solutions, a technology company, made a strong debut on December 19. Shares opened at Rs 1,856 on the BSE, which represented a 39.65% premium over its issue price. By December 24, the stock had increased to Rs 1,928, reflecting a 1.70% gain for the day. The company’s solid performance highlights investor confidence in technology and data-driven businesses. While the price movement has been moderate in the past few days, the overall market sentiment for tech stocks remains strong.
International Gemmological Institute IPO
The International Gemmological Institute (IGI), a company focused on the gemology and diamond industry, saw a promising debut on December 20. The stock listed at Rs 510 on the NSE, which was a 22% premium over its issue price. The stock has continued to rise since its listing, reaching Rs 528.90 on December 24, marking a 9.68% increase during the session. This growth reflects positive market sentiment towards niche sectors like gemology, which could have long-term potential in the luxury goods and certification market.
Sai Life Sciences IPO
Sai Life Sciences, a leading pharmaceutical company, debuted on December 18. Shares opened at Rs 660 on the BSE, which was a 20.2% premium over its IPO price of Rs 549. By December 24, the stock had climbed to Rs 761.90, marking a 7.23% gain for the day and a 17.22% increase over the past five days. The company’s solid performance in the IPO market highlights the growing investor interest in the pharmaceutical and healthcare sector, which is seen as a safe bet in uncertain market conditions.
Upcoming IPOs to Watch
The IPO market remains active, with several other companies preparing to list in the coming days. Investors should keep an eye on the following upcoming IPOs:
- Sanathan Textiles IPO
- Concord Enviro Systems IPO
- Mamata Machinery IPO
- DAM Capital Advisors IPO
- Transrail Lighting IPO
These IPOs are scheduled to list on December 27, 2024. Each offers a different opportunity, with some focusing on the textile, infrastructure, and advisory sectors, among others.
Year-End IPO Listings
For those looking to close out the year with fresh opportunities, there are still several IPOs scheduled to list just before the end of 2024:
- Ventive Hospitality IPO
- Carraro India IPO
- Senores Pharmaceuticals IPO (all set to list on December 30)
- Unimech Aerospace IPO (scheduled for December 31)
These IPOs provide a final opportunity for investors to tap into the market before the new year begins. With a variety of sectors represented, investors will want to keep track of these listings as the year wraps up.
Conclusion
December 2024 has been an eventful month for IPOs, with strong performances from companies like Mobikwik and Sai Life Sciences. While some IPOs, such as Vishal Mega Mart, have had a more tempered reception, the overall trend points to a healthy IPO market heading into the new year. With more IPOs set to list before the year ends, there are plenty of opportunities for investors to explore and consider as they position themselves for 2025.
