The upcoming IPO week is showing strong investor confidence with all five companies demonstrating robust grey market premiums. Dhoot Transmission leads with the highest GMP at +263, indicating an estimated listing price of ₹1,134 per share, representing a 30.20% premium over its IPO price of ₹871. Behari Lal Engineering follows with +83 GMP, suggesting an estimated listing price of ₹368 per share, which is 29.12% higher than its IPO price of ₹285. Shiprocket shows +34 GMP with an estimated listing price of ₹131 per share, representing a 35.05% premium over its IPO price of ₹97. Molbio Diagnostics and Milky Mist Dairy Food also demonstrate positive GMPs of +115 and +20.5 respectively, indicating optimism for strong listing performances across all four companies. However, readers should note that the grey market premium (GMP) is an unofficial indicator of market sentiment and is based on transactions in the unlisted market. It is not regulated by stock exchanges and may change rapidly.
India's primary market is set for another active week with six companies scheduled to launch IPOs between August 17-24, seeking to raise a combined ₹5,600 crore. According to ET Now, Horizon Industrial Parks leads the fundraising efforts with a ₹2,600 crore IPO that will kick off the week on August 17, followed by Lalithaa Jewellery Mart's ₹1,700 crore issue on the same day. Shankesh Jewellers and Sunshine Pictures will open their IPOs on August 18, worth ₹367 crore and ₹282 crore respectively. Gaja Alternative Asset Management's ₹550 crore IPO will launch on August 19, while Tempsens Instruments' ₹95 crore fresh issue will open on August 20. Augmont Enterprises' ₹825 crore IPO will launch on August 21, and Skyways Air Services is scheduled to launch its ₹583 crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. Horizon Industrial Parks' ₹2,600 crore issue comprises entirely a fresh issue with a price band of ₹57-60 per share, while Lalithaa Jewellery Mart has fixed a price band of ₹190-201 per share with its ₹1,700 crore issue comprising a fresh issue of up to ₹1,200 crore and an OFS of up to ₹500 crore. Shankesh Jewellers has fixed a price band of ₹88-93 per share with its ₹367 crore IPO comprising a fresh issue of up to ₹2.95 crore equity shares and an OFS of up to ₹1 crore equity shares. Sunshine Pictures' ₹282 crore issue comprises ₹48 lakh fresh equity shares and an OFS of 30.37 lakh shares by promoters Vipul Amrutlal Shah and Shefali Vipul Shah. Gaja Alternative Asset Management's ₹550 crore IPO will open with a price band of ₹152-160 per share, comprising a fresh issue of up to ₹450 crore and an OFS of up to ₹100 crore. Tempsens Instruments' ₹95 crore fresh issue will open on August 20 along with an OFS of 1.85 crore shares. Augmont Enterprises' ₹825 crore IPO is a combination of a fresh issue of ₹620 crore and an OFS of ₹205 crore. The price band of Tempsens Instruments and Augmont Enterprises will be announced on Monday and Tuesday respectively.
The IPO market has witnessed exceptional investor demand with all five companies receiving strong subscriptions during their bidding periods. Behari Lal Engineering led with 108.44 times subscription, followed by Shiprocket at 99.38 times, Milky Mist Dairy Food at 56.11 times, Molbio Diagnostics at 70.26 times, and Dhoot Transmission at 74.21 times. As reported by LiveMint, these high subscription levels, combined with rising grey market premiums, indicate strong optimism for positive listing prices across all companies. The strong investor response demonstrates robust market confidence in these offerings across various sectors.
Horizon Industrial Parks IPO opened with modest subscription levels on Day 1, standing at just 0.06 times overall as of 1:24 PM. The retail category led with 0.15 times subscription, followed by qualified institutional buyers at 0.05 times, while the non-institutional investor category lagged at only 0.01 times. Lalithaa Jewellery Mart performed considerably better, achieving 0.34 times overall subscription by the same time. Retail investors drove the bulk of demand at 0.50 times subscription, and the non-institutional investor category also showed healthy early traction at 0.38 times, though the QIB (ex-anchor) portion remained unsubscribed. Grey market activity is favoring Lalithaa Jewellery Mart over Horizon Industrial Parks, with the Lalithaa Jewellery Mart IPO GMP standing at ₹34 as of 12:37 PM, up from earlier levels, pointing to an estimated listing price of ₹235 against the upper price band of ₹201 with an expected listing gain of nearly 16.92%. However, the Horizon Industrial Parks IPO GMP has cooled to ₹2.5 as of 12:35 PM, with an estimated listing price of ₹62.5 and an expected gain of about 4.17%. Both IPOs will close on August 19 and are scheduled to list on BSE and NSE on August 24.
Joining the existing IPO lineup this week are Sunshine Pictures, Shankesh Jewellers, Horizon Industrial Parks, Lalithaa Jewellery Mart, Gaja Alternative Asset Management, Tempsens Instruments, and Augmont Enterprises. Sunshine Pictures will see promoters Vipul Amrutlal Shah and Shefali Vipul Shah sell shares through an offer for sale, with Vipul Shah offloading 20.31 lakh shares and Shefali Shah selling 10.06 lakh shares. Shankesh Jewellers, a Mumbai-based jewellery wholesaler, will open its ₹367 crore IPO on August 18 with a price band of ₹88-93 per share, valuing the company at ₹1,367 crore at the higher end. The three-day IPO comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to ₹1 crore equity shares. Gaja Alternative Asset Management's ₹550 crore IPO will open on August 19 with a price band of ₹152-160 per share, comprising a fresh issue of up to ₹450 crore and an OFS of up to ₹100 crore. Tempsens Instruments' ₹95 crore fresh issue will open on August 20 along with an OFS of 1.85 crore shares. Augmont Enterprises' ₹825 crore IPO is a combination of a fresh issue of ₹620 crore and an OFS of ₹205 crore. Meanwhile, the SME segment will see Dhanwel Hybrid Seeds IPO open for subscription from August 19 to August 21 with a price band of ₹95-₹99 per share, and Mopshop Distribution IPO from August 19 to August 21 with a price band of ₹138 per share and total issue size of ₹27.26 crore. With these additions, the number of companies launching IPOs in 2026 is expected to reach 55, industry data showed.
According to ET Now, the fundraising will commence on Monday, August 17, with Horizon Industrial Parks and Lalithaa Jewellery Mart opening their public issues. As reported by LiveMint, Behari Lal Engineering and Shiprocket are set for their IPO allotment on the same day as the listings, while Milky Mist Dairy Food's allotment was finalised on Friday, 14 August, with refunds and share credits scheduled to follow on Monday. The upcoming issues span multiple sectors, including jewellery, infrastructure, asset management and media. The IPO pipeline has remained strong through August, with 15 mainboard IPOs hitting the market so far this month, raising around ₹17,460 crore. In the SME segment, 14 IPOs have been launched, collectively raising more than ₹807 crore. Listings scheduled for this week include Molbio Diagnostics, Dhoot Transmission, Milky Mist Dairy Food, Behari Lal Engineering, Shiprocket, Sham Foam, Q&T Foods, Pramodini Medicare, Credent Connect, Skytech Infinite Platform, Technocrats Plasma Systems and ENS Enterprises. Skyways Air Services, an air freight forwarding and logistics company, is scheduled to launch its ₹583 crore IPO on August 24, keeping the primary market pipeline active beyond the coming week. India's primary market has already seen 42 mainline companies raise ₹54,378 crore through initial public offerings this year, with the upcoming IPOs providing investors with multiple opportunities across different sectors during this active week in the Indian IPO market.
