MUMBAI, India — The Indian primary market is set for intense activity next week as eight initial public offerings (IPOs)—comprising five mainboard issues and three Small and Medium Enterprise (SME) offerings—prepare to open for public subscription. Alongside the new share sales, eight companies are scheduled to complete their stock market listings, signaling robust momentum in corporate fundraising.
Key Highlights
- Five mainboard IPOs including Milky Mist, Shiprocket, and Dhoot Transmission will go live between August 10 and August 14.
- The upcoming mainboard offerings collectively aim to raise over ₹7,400 crore through a combination of fresh issuances and Offers for Sale (OFS).
- Three SME issues alongside eight market listings are scheduled to take place during the same trading period.
Dhoot Transmission and Molbio Diagnostics Set to Open on August 10
Auto component manufacturer Dhoot Transmission will open its ₹3,067 crore initial public offering from August 10 to August 12. The company has fixed a price band of ₹829 to ₹871 per share, with a minimum lot size of 17 shares. The issue features a fresh equity issuance of ₹1,400 crore alongside an Offer for Sale worth ₹1,666.89 crore by promoter entities Mangalam Capital Pvt Ltd and BC Asia Investments XV Ltd. Net proceeds will be allocated toward debt repayment, setting up a new wiring harness manufacturing facility, inorganic acquisitions, and general corporate needs.
Simultaneously, point-of-care diagnostics firm Molbio Diagnostics will launch its ₹939.70 crore public issue across the same three-day window. With a price band of ₹768 to ₹807 per share, the offering includes a fresh issue of ₹200 crore and an OFS of up to 91.66 lakh equity shares valued at ₹739.70 crore from existing shareholders. Capital raised through the fresh issue will fund research and development infrastructure, a Centre of Excellence, plant and machinery purchases, and corporate expansions.
Milky Mist, Behari Lal, and Shiprocket Prepare Mid-Week Launches
Dairy product manufacturer Milky Mist Dairy Food will launch its ₹1,553 crore IPO from August 11 to August 13, setting a price band of ₹133 to ₹140 per share. The issue consists of a fresh issuance worth ₹1,428 crore and an OFS of ₹125 crore by promoters Anitha S and Sathishkumar T. Proceeds are slated for debt clearance, expanding the firm’s Perundurai manufacturing plant—specifically for whey protein concentrate, yoghurt, and cream cheese units—and strengthening cold-chain distribution infrastructure.
Engineering castings maker Behari Lal Engineering and e-commerce enablement platform Shiprocket will both open their subscription windows from August 12 to August 14.
| Company Name | Issue Dates | Price Band (₹) | Issue Size (₹ Crore) |
|---|---|---|---|
| Dhoot Transmission | August 10 – August 12 | 829 – 871 | 3,067.00 |
| Molbio Diagnostics | August 10 – August 12 | 768 – 807 | 939.70 |
| Milky Mist Dairy Food | August 11 – August 13 | 133 – 140 | 1,553.00 |
| Behari Lal Engineering | August 12 – August 14 | 271 – 285 | 301.62 |
| Shiprocket | August 12 – August 14 | 92 – 97 | 1,617.48 |
Behari Lal Engineering seeks to raise ₹301.62 crore through a fresh issue of ₹93 crore and an OFS of ₹208.62 crore to fund capital expenditure and debt repayment. Temasek-backed Shiprocket has set a price band of ₹92 to ₹97 per share for its ₹1,617.48 crore offering (lot size: 154 shares), comprising a fresh issue of ₹885.50 crore and an OFS of ₹731.98 crore aimed at driving technology infrastructure and marketing growth.
SME Segment Activity and Scheduled Market Listings
In the SME space, three public issues—Sham Foam, Fascinate Textiles, and Pramodini Medicare—are scheduled to open for subscription during the week.
Market activity will be further augmented by eight scheduled stock listings. Companies slated to list on the exchanges include Ardee Industries, LEAP India, Technocraft Ventures, Aegeus Technologies, GV Electricals, Anawil Wire & Engineering, LAPL Automotive, and Optimystix Entertainment.
Frequently Asked Questions
Which mainboard IPOs are opening for subscription next week?
Five mainboard IPOs are opening: Dhoot Transmission and Molbio Diagnostics (August 10), Milky Mist Dairy Food (August 11), and Behari Lal Engineering along with Shiprocket (August 12).
How much capital do the five mainboard IPOs aim to raise in total?
Together, the five mainboard offerings seek to raise over ₹7,478 crore through fresh share issues and offers for sale.
