5 Companies Launch IPOs Next Week, Targeting ₹7,443 Crore
By ThePip Desk
Five companies, including Dhoot Transmission and Shiprocket, are launching IPOs next week to collectively raise ₹7,443 crore for expansion, capital expenditure, and debt repayment.
Five companies are set to launch their Initial Public Offerings next week, collectively targeting a raise of ₹7,443 crore. This makes for a busy period in the primary market as firms seek capital for various corporate objectives.
The lineup includes auto components maker Dhoot Transmission, Temasek-backed Shiprocket, and Milky Mist Dairy Food, alongside Molbio Diagnostics and Behari Lal Engineering.
IPO Schedule and Key Figures
- Dhoot Transmission and Molbio Diagnostics open on August 10.
- Milky Mist Dairy Food launches on August 11.
- Shiprocket and Behari Lal Engineering follow on August 12.
The funds are primarily earmarked for business expansion, capital expenditure, and debt repayment across these companies.
Company Specifics
Dhoot Transmission aims for ₹3,067 crore with shares priced at ₹829-871, combining a fresh issue and an offer for sale. Molbio Diagnostics seeks ₹904-940 crore at ₹768-807 per share, also featuring a fresh issue and OFS, with International Finance Corporation having invested ₹20 crore as an anchor investor.
Milky Mist Dairy Food’s IPO is set to be the largest by an Indian dairy company, raising ₹1,553 crore at ₹133-140 per share. E-commerce enablement platform Shiprocket targets ₹1,617.5 crore at ₹92-97 per share. Engineering castings manufacturer Behari Lal Engineering plans to raise ₹302 crore with a price band of ₹271-285 per share.