
New Delhi: As the calendar year 2024 nears its end, the primary market is gearing up for a surge in activity with a series of high-profile initial public offerings (IPOs). Vishal Mega Mart, One Mobikwik, and Sai Life Sciences are among the major players launching their IPOs next week, promising to create a buzz in the investment community. Vishal Mega Mart IPOVishal Mega Mart IPO: Subscription DatesVishal Mega Mart, one of India’s leading supermarket chains, is set to open its Rs 8,000 crore IPO for subscription from December 11 to December 13. Vishal Mega Mart IPO: Price BandWith a price band of Rs 74-78 per share, the IPO is among the largest this year, following high-profile offerings like Hyundai Motors India's Rs 27,000 crore issue and Swiggy's Rs 11,000 crore-plus IPO. Vishal Mega Mart IPO: OFSThis issue is a complete offer for sale (OFS), meaning the proceeds will not go to the company but to the promoter-selling shareholder, Samayat Services LLP, which currently owns a 96.55 per cent stake. Samayat Services acquired its shares at an average cost of Rs 10.14 per share. Vishal Mega Mart IPO: Lot Size And Minimum Investment AmountInvestors can bid for one lot comprising 190 shares, requiring a minimum investment of Rs 14,820 at the upper price band. Vishal Mega Mart IPO: Category-Wise QuotaOf the 102.5 crore shares on offer, 50 per cent are reserved for institutional investors, 15 per cent for non-institutional investors, and 35 per cent for retail investors. One Mobikwik IPODigital payments platform One Mobikwik Systems is also launching its IPO on December 11, with the bidding period closing on December 13. One Mobikwik IPO: Price BandThe company has set a price band of Rs 265-279 per share, aiming to raise Rs 572 crore through a fresh issue with no offer-for-sale component. One Mobikwik IPO: Reservation QuotaInvestors can apply for a minimum of 53 equity shares. The IPO allocation includes 75 per cent of shares for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors (NIIs), and 10 per cent for retail investors. One Mobikwik IPO: Purpose Of FundraiseMobikwik plans to utilize the funds to expand its financial and payments services, invest in advanced technologies like artificial intelligence and machine learning, and upgrade its products. Additionally, the proceeds will support capital expenditure for payment devices and other corporate purposes. Also Read: Stock Market Outlook: Will Nifty 50 Break The 25,000 Barrier Next Week? Expert Predictions & Key Factors Sai Life Sciences IPOSai Life Sciences IPO: Subscription DatesSai Life Sciences, backed by private equity major TPG Capital, will open its Rs 3,043 crore IPO for public subscription from December 11 to December 13. Sai Life Sciences IPO: Price BandThe company has set a price band of Rs 522-549 per equity share. The bidding for anchor investors will commence on December 10. Sai Life Sciences IPO: Fundraise PlanAt the upper price band, Sai Life Sciences is expected to raise approximately Rs 3,043 crore. Other IPOsIn addition to these new launches, the market will also witness the listings of three companies: Nisus Finance, Property Share REIT, and Emerald Tyre Manufacturers. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.) Get Latest News Live on Times Now along with Breaking News and Top Headlines from Markets, Business Economy and around the world.A new ‘Quit India’ movement?
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Freeman has 26 in Bethune-Cookman's 79-67 victory over North DakotaThankfully, the field for the inaugural 12-team College Football Playoff was set Sunday morning. Had the process lasted another week, it might have ripped the sport apart and pitted conference commissioners against each other in steel-cage matches. Not everything sparked outrage when the CFP selection committee revealed the pairings. Oregon and Georgia were the top-two seeds, as expected. Boise State, champion of the Mountain West, and Arizona State, which won the Big 12, received the No. 3 and 4 seeds, respectively, and will have opening-round byes. Texas, Penn State, Notre Dame and Ohio State will play home games in the opening round. But that’s where the relative peace and tranquility ended. The committee granted the final at-large berth to SMU, not Alabama, and you could instantly imagine smoke billowing from the nostrils of SEC commissioner Greg Sankey. Alabama (9-3) had more quality wins and played a vastly tougher schedule than the Mustangs (11-2) but also had uglier losses than the ACC runner-up. That wasn’t the only flashpoint. Boise State was seeded higher than Arizona State despite a weaker schedule — an outcome that sends the Broncos to the Fiesta Bowl (Glendale) for their quarterfinal game and forces the Sun Devils to play in the Peach Bowl (Atlanta). The debate Sunday was simply a continuation of the past five weeks, which featured athletic directors squabbling on social media, conference commissioners squawking over resumes and the committee chair himself, Michigan athletic director Warde Manuel, seemingly contradicting the stated selection criteria. All of it unfolded under the threat of demolition. Two months ago, executives from the SEC and Big Ten gathered in Nashville to discuss the future of the sport. At the conclusion of the summit, Sankey, the most powerful figure in the sport, told reporters that the CFP process “just has to go incredibly well.” You did not need a master’s degree in political gamesmanship to grasp the meaning. If the SEC and Big Ten were less than satisfied with their allotments of bids and seeds, they would force changes to the selection process. Specifically, the behemoths would grant themselves a truckload of automatic bids, reduce access for the other conferences and, potentially, disband the selection committee altogether. Needless to say, the process did not go “incredibly well” for the SEC. In fact, it could not have gone much worse. In addition to Alabama’s exclusion, Tennessee lost the No. 8-9 seed showdown against Ohio State and will open the playoff in Columbus. Meanwhile, three-loss South Carolina was left out entirely one week after winning at three-loss Clemson, while the Tigers advanced to the CFP with the ACC’s automatic bid. (In the committee’s final rankings, South Carolina was one spot above Clemson.) The repercussions could ripple through the sport for years. Earlier this week, another warning flare went skyward from SEC country when Alabama athletic director Greg Byrne posted the following note on the social media platform X: “When you look at the @CFBPlayoff Principles for its Selection Committee, the first bullet point on the list of considerations is strength of schedule. Not all schedules and conferences are created equal. We’ve worked diligently to add more challenging non-conference home-and-homes, which is good for college football ...” The implication was clear: If Alabama’s schedule strength wasn’t rewarded, the Crimson Tide would rethink the merits of playing A-level non-conference games in the first half of September. Alabama faced Wisconsin this season and has booked upcoming series with Florida State, Ohio State and Notre Dame. Those could be in jeopardy. Why risk the loss when the benefits of scheduling the game are limited? And if Alabama cancels marquee matchups, other SEC schools will assuredly follow — potentially sapping the sport of must-see intersectional duels that energize the September competition calendar. Asked on ESPN about the non-conference scheduling issue, Manuel, the committee chair and Michigan’s athletic director, offered the following: “I would just say, you need to schedule the games you feel are best for your team and your fan base.” Given the unprecedented nature of the season — with the expanded playoff and engorged conferences — there was no reason to expect a smooth ride from early November, when the first CFP rankings were released, through selection day. But the gaffes, misreads and contradictions by the 13-person committee were frequent and severe. Head-to-head results, schedule strength and quality wins were shoved to the background as the committee, loaded with former coaches, prioritized win-loss record. It was as if the coaches were collectively channeling their inner Lou Holtz — the former Notre Dame coach was the ultimate sandbagger — and determined a 74- point win over Western Illinois (by Indiana) was equivalent to a 15-point win at Texas (by Georgia). “One of the things we really need to do,” said Nick Saban, the ESPN analyst and former Alabama coach, “is (recognize) all wins are not the same as the other wins.” There were risks to selecting Alabama over SMU, as well. Had the committee excluded the Mustangs following their loss to Clemson in the ACC championship — on a walk-off field goal, no less — the decision would have undermined the credibility of conference title games. “The committee is going to lose no matter what they do,” ESPN analyst Kirk Herbstreit said. But just as not all wins are created equal, neither are all losses. Alabama’s out, the SEC is seething and major changes are coming to the CFP as a result. *** Send suggestions, comments and tips (confidentiality guaranteed) to wilnerhotline@bayareanewsgroup.com or call 408-920-5716 *** Follow me on the social media platform X: @ WilnerHotlineThe Washington Commanders put kicker Austin Seibert on injured reserve Tuesday, just over 48 hours since he missed an extra point that would have tied the score with 21 seconds left against Dallas. Seibert also missed a field-goal attempt and another extra point in the loss to the Cowboys. He missed the previous two games with a right hip injury but said afterward he was fine and made the decision to play. The Commanders filled that roster spot by signing running back Chris Rodriguez Jr. off their practice squad. Austin Ekeler had a concussion and Brian Robinson Jr. sprained an ankle Sunday. AP NFL: https://apnews.com/hub/nfl