Archive · 24 Aug 2026
Stocks in News: IPO Debuts, Stake Sales, and Corporate Updates
Several companies have important stock-market updates.
Two companies, Lalithaa Jewellery Mart and Horizon Industrial Parks, are expected to list their shares on August 24.
Investors bought many more shares of Lalithaa Jewellery Mart than were available, while Horizon Industrial Parks received fewer bids.
Some early investors may sell parts of their holdings in Meesho and Lenskart Solutions.
Reliance Industries received shareholder approval for new business activities and related-party transactions.
Power Grid won work to build a transmission system for renewable-energy projects in Gujarat.
NTPC Renewable Energy won a contract to supply renewable power at a stated tariff.
Bank of Baroda raised $400 million by issuing bonds.
Four pharmaceutical companies reported inspections by the United States Food and Drug Administration, with observations at each of the inspected facilities.
Lalithaa Jewellery Mart and Horizon Industrial Parks are scheduled to debut on August 24 after raising Rs 1,700 crore and Rs 2,600 crore, respectively, through their IPOs.
Y Combinator and SoftBank Vision Fund II Lightbulb Cayman are reportedly planning block deals in Meesho and Lenskart Solutions.
Reliance Industries shareholders approved related-party transaction proposals and expanded the company’s objects clause to include explosives, fertilisers, agro-chemicals and related products.
Power Grid Corporation won a Gujarat renewable-energy transmission project, while NTPC Renewable Energy secured 500 MW at a tariff of Rs 6.00 per kWh.
Bank of Baroda raised $400 million through senior unsecured notes, while several pharmaceutical companies reported USFDA inspections and observations.
- Who
- The companies named in the stock-market roundup, including Lalithaa Jewellery Mart, Horizon Industrial Parks, Meesho, Lenskart Solutions, Reliance Industries, Power Grid Corporation of India, Bank of Baroda, NTPC Renewable Energy and several pharmaceutical companies.
- What
- The updates cover IPO listings, reported stake sales, shareholder approvals, infrastructure and renewable-energy contracts, bond issuance, corporate restructuring and regulatory inspections.
- When
- The IPO debuts are scheduled for Monday, August 24. Most USFDA inspections took place from August 13 to 21, 2026; other transactions and approvals were reported in the roundup without specific dates.
- Where
- The developments involve India, including Gujarat, Telangana, Andhra Pradesh, Visakhapatnam, Gummidipoondi and Indore, as well as Germany for a proposed Craftsman subsidiary.
- Why
- The companies are raising capital, listing shares, changing ownership positions, expanding business activities, winning projects, issuing debt or reporting regulatory and corporate actions.
- Lalithaa Jewellery Mart IPO
- Raised Rs 1,700 crore at Rs 201 per share; the issue was subscribed more than 66.6 times.
- Horizon Industrial Parks IPO
- Raised Rs 2,600 crore at Rs 60 per share; the issue was subscribed a little more than 1.5 times.
- Reported block deals
- Y Combinator may sell up to 1.05% of Meesho, while SoftBank Vision Fund II Lightbulb Cayman may sell up to 2.6% of Lenskart Solutions.
- Reliance Industries
- Shareholders approved material related-party transaction proposals and an expanded objects clause covering explosives, fertilisers and agro-chemicals.
- Power Grid Corporation of India
- Was declared the successful bidder for an inter-state renewable-energy transmission system in Gujarat at a discovered tariff of Rs 822.91 crore per annum.
- Bank of Baroda notes
- Completed a $400 million issue of senior unsecured fixed-rate notes with a five-year original maturity and a 5.389% all-in yield.
- Pharmaceutical inspections
- Aurobindo Pharma reported one USFDA observation, Natco Pharma four, Caplin Point Laboratories 10 and Choksi Laboratories four.