As the IPO market heats up this December, two mainboard IPOs tare capturing investor interest – Vishal Mega Mart and Inventurus Knowledge Solutions (IKS Health).
Both the companies come from different sectors but offer unique opportunities for investors. Let’s take a closer look at the details, subscription trends, GMP for each offering and which one is a better choice for your investment.
Vishal Mega Mart IPO
One of the leading hypermarket chains, Vishal Mega Mart, opened its IPO on December 11.
The company has set the price band for this public issue between Rs 74 and Rs 78 per share, with a minimum investment requirement of Rs 14,820 for retail investors.
Talking of the company’s profile, Vishal Mega Mart offers a wide range of products, including apparel, groceries, electronics, and home essentials. It is known for its portfolio, which includes 72 per cent of products from its own brands.
Also Read: International Gemmological Institute Vs Inventurus Knowledge Solutions: Which IPO is better to apply?
On the third day of bidding, Vishal Mega Mart’s IPO as of 12:15 PM IST has been subscribed 2.74 times, with retail category bids at 1.68 times and QIB category at a low 0.77 per cent. However, the NII portion has seen strong demand, with a subscription rate of 7.82 times so far.
GMP
Vishal Mega Mart has a modest GMP of Rs 16, which suggests a potential listing price of Rs 94, a 20.51 per cent premium over the upper price band.
Vishal Mega Mart curates a diverse range of merchandise through a portfolio of its own brands (72% in FY24) and third-party brands (28%) to fulfil the aspirational and daily needs of consumers,” said Geojit Financial Services in an IPO note.
Inventurus Knowledge Solutions IPO
A healthcare technology solutions provider, Inventurus Knowledge Solutions launched its public issue on December 12, 2024. The company helps healthcare providers streamline administrative tasks, allowing doctors and hospitals to focus on patient care.
The public issue is priced between Rs 1265 and Rs 1329 per share, and retail investors must invest a minimum of Rs 14,619 for one lot.
The IPO in its second day of bidding has been subscribed 1.72 times so far. Breaking down the categories,
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