India IPO Market Buzz: 8 New Issues, 12 Debuts Next Week
By Business Desk
India’s primary market gears up for a significant week with 8 new IPOs and 12 company debuts, aiming to raise over ₹5,499 crore. Discover key listings.
India’s primary market is set for a busy week, with 8 new public issues scheduled to open for subscription. This includes six mainboard and two Small and Medium Enterprise (SME) segment companies. Additionally, 12 other firms will make their stock exchange debut.
The collective target for prominent mainboard IPOs — Lalithaa Jewellery Mart, Horizon Industrial Parks, and Sunshine Pictures — exceeds ₹5,499 crore. This concentrated activity signals a robust period for new listings.
Key Upcoming IPOs
- Lalithaa Jewellery Mart: Aiming for ₹1,700 crore (₹1,200 crore fresh issue, ₹500 crore Offer for Sale). Subscription window: August 17-19. Price band: ₹190-₹201 per share.
- Horizon Industrial Parks: Seeking ₹2,600 crore, entirely through a fresh issue of 43.34 crore equity shares. Subscription window: August 17-19. Price: ₹57-₹60 per share.
- Sunshine Pictures: Issue size of ₹282.14 crore (₹172.80 crore fresh issue, ₹109.34 crore OFS). Scheduled: August 18-20. Price: ₹342-₹360.
- Shankesh Jewellers: A ₹367.18 crore issue (₹274.18 crore fresh issue, ₹93 crore OFS). Open: August 18-20. Price: ₹88-₹93 per share.
- Gaja Alternative Asset Management: Offering ₹550 crore (₹450 crore fresh issue, ₹100 crore OFS). Open: August 19-21. Price: ₹152-₹160 per share.
- Tempsens Instruments (India): Book-built issue with a ₹95 crore fresh issue and 1.85 crore shares OFS. Open: August 20-24. Price band pending announcement.
SME Segment Spotlights
The SME segment also contributes to the market’s busy schedule. Two notable public issues are set to launch, catering to different market niches.
- Dhanwel Hybrid Seeds: A ₹26.73 crore fresh issue. Open: August 19-21. Price: ₹95-₹99 per share.
- Mopshop Distribution: Total issue size of ₹27.26 crore (₹22.08 crore fresh issue, ₹5.18 crore OFS). Open: August 19-21. Issue price: ₹138 per share.
This wave of new public offerings, spanning both mainboard and SME sectors, underscores India’s dynamic capital market environment. Investors have a concentrated period to evaluate a diverse set of opportunities.