3 weeks ago
Shiprocket, Dhoot Transmission Among Nine IPOs Opening Next Week
When companies need money to grow, they can sell small pieces of themselves, called shares, to the public.
The first time a company sells its shares to everyone is called an IPO, which stands for initial public offering.
In India, next week will be a very busy time for IPOs.
One report says nine companies hope to raise about ₹7,681 crore together, while another report says five firms are aiming for over ₹7,400 crore.
The biggest new IPO is from Dhoot Transmission, a company that makes auto parts, which hopes to raise ₹3,066.89 crore.
Shiprocket, an online shipping and e-commerce platform, plans to raise ₹1,617.48 crore.
Milky Mist Dairy Food, a dairy company, wants to raise ₹1,553 crore, which could make it the biggest IPO by an Indian dairy company.
Molbio Diagnostics, a company that makes medical tests, is also selling shares.
Some smaller SME companies, like Sham Foam and Fascinate Textiles, will offer shares too.
Shares of eight companies that sold shares last week will start trading on the stock market for the first time.
India's primary market is set for a busy week, with one report citing nine companies planning to raise about ₹7,681 crore through mainboard and SME IPOs and another counting five firms eyeing ₹7,443 crore.
Dhoot Transmission's ₹3,066.89-crore IPO, the week's biggest, opens August 10-12 at ₹829-871 per share, with an offer for sale by existing shareholders including Bain Capital.
Shiprocket's ₹1,617.48-crore IPO runs August 12-14 at ₹92-97 per share, while Behari Lal Engineering's ₹302-crore issue also opens on August 12.
Milky Mist Dairy Food aims to raise ₹1,553 crore from August 11-13 in what is set to be the largest IPO by an Indian dairy company, and Temasek-backed Molbio Diagnostics' ₹939.70-crore issue runs August 10-12.
SME IPOs from Sham Foam and Fascinate Textiles open on August 13, followed by Q&T Foods and Pramodini Medicare on August 14, as shares of eight companies from last week are set to debut.
- Who
- Nine companies, including Dhoot Transmission, Shiprocket, Milky Mist Dairy Food, Molbio Diagnostics and Behari Lal Engineering, plus SME issuers Sham Foam, Fascinate Textiles, Q&T Foods and Pramodini Medicare.
- What
- New IPOs opening for subscription on India's mainboard and SME segments, collectively targeting around ₹7,681 crore (one report cites ₹7,443 crore across five firms).
- Where
- India's primary market.
- When
- Week of August 10-14, with mainboard IPOs opening between August 10-12 and SME IPOs on August 13-14.
- Why
- Companies are raising capital for expansion, capital expenditure, debt repayment and general corporate purposes, while existing shareholders sell stakes through offers for sale.
Key facts
- Total expected fundraise
- Around ₹7,681 crore across nine IPOs (one report cites ₹7,443 crore across five firms)
- Dhoot Transmission IPO
- ₹3,066.89 crore; ₹829-871 per share; August 10-12; OFS of 1.91 crore shares includes Bain Capital entity BC Asia Investments XV Ltd
- Shiprocket IPO
- ₹1,617.48 crore; ₹92-97 per share; August 12-14; fresh issue ₹885.50 crore plus OFS ₹732 crore
- Milky Mist Dairy Food IPO
- ₹1,553 crore; ₹133-140 per share; August 11-13; set to be largest Indian dairy IPO
- Molbio Diagnostics IPO
- ₹939.70 crore (one report cites ₹904-940 crore); ₹768-807 per share; August 10-12; backed by Temasek and Motilal Oswal Private Equity
- Behari Lal Engineering IPO
- ₹302 crore; ₹271-285 per share; August 12
- SME IPO schedule
- Sham Foam and Fascinate Textiles on August 13; Q&T Foods and Pramodini Medicare on August 14
- Market activity
- LEAP India and Technocraft Ventures IPOs already open; shares of eight companies from last week to debut; year's IPO count set to rise to 47










