The primary market momentum is set to accelerate in the second week of August, with 12 companies scheduled to open for subscription and 8 companies set to debut on stock exchanges. According to latest reports, these 12 companies are expected to raise nearly ₹4,725 crore through initial public offerings, with the mainboard segment contributing significantly to this total. The week will begin with Anawil Wire & Engineering opening its SME issue on August 10 with a price band of ₹257-270 per share and has already raised ₹50 crore from anchor investors on July 31. Latest data confirms the issue is now ₹341.8 crore in size, with the IPO consisting of a fresh issue of ₹257 crore and an offer-for-sale of ₹84.8 crore by promoters.
Dhoot Transmission will launch the largest mainboard IPO of the week on August 10, targeting to raise ₹3,067 crore through a combination of a ₹1,400 crore fresh issue and an offer-for-sale worth ₹1,666.89 crore by promoters Mangalam Capital Pvt Ltd and BC Asia Investments XV Ltd. The company has set a price band of ₹829-871 per share for its IPO, which will remain open from August 10-12. Milky Mist Dairy Food will open its maiden public issue on August 11 with a ₹1,553 crore issue, where the fresh issue accounts for ₹1,428 crore and the OFS is worth ₹125 crore. The price band has been fixed at ₹133-140 per share with a minimum lot of 107 shares, requiring retail investment of ₹14,980 at the upper end. Shiprocket will open on August 12 with a ₹1,617.48 crore IPO priced at ₹92-97 per share, while Behari Lal Engineering will open on the same day with a ₹301.62 crore issue at ₹271-285 per share.
Ardee Industries is currently trading at a grey market premium (GMP) of ₹6.75, indicating an estimated listing price of ₹59.75 compared to the issue price of ₹53, translating to an estimated profit of ₹1,896 per lot of 281 shares. Technocraft Ventures is showing a GMP of ₹1,155 per lot of 70 shares, suggesting a potential listing price around ₹228.50 versus the issue price of ₹212. LEAP India is expected to list at ₹159, reflecting a 3.2 percent premium over the issue price with an estimated profit of ₹470 per lot of 94 shares. These GMPs indicate strong market sentiment for these mainboard offerings.
In the SME segment, four companies are set to tap capital markets worth a combined ₹341.8 crore. Fascinate Textiles will open from August 11-13 with a ₹66.98 crore issue at a price band of ₹148-156 per share and list on NSE SME. Sham Foam will raise ₹40.48 crore at a fixed price of ₹130 per share from August 11-13 and list on BSE SME. Pramodini Medicare will open on August 12 and close on August 14 with a ₹69.04 crore IPO at ₹110-118 per share and list on NSE SME. Anawil Wire & Engineering will debut on August 10 as the first SME issue, followed by Aegeus Technologies on August 11, LAPL Automotive on August 13, Optimystix Entertainment on August 14, and LEAP India and Technocraft Ventures on August 14.
Among ongoing issues, Juniper Green Energy and MV Electrosystems will close their IPOs on August 3, with the former subscribed 47 percent and the latter 12.03 times as of the second day. In the SME segment, Propshop Events & Exhibitions and Advance Technoforge will debut on August 3, followed by Poojaa Precision Engg on August 4, HR Hygiene Products on August 5, and Dhaval Packaging and Oneindig Technologies on August 6. Manipal Health Enterprises will make its stock market debut on August 5, while Juniper Green Energy and MV Electrosystems will list on August 6. The week will also bring 8 market debuts including Anawil Wire & Engineering on August 10, Aegeus Technologies on August 11, Ardee Industries on August 12, G.V. Electricals on August 12, LAPL Automotive on August 13, Optimystix Entertainment on August 14, LEAP India on August 14, and Technocraft Ventures on August 14.
