3 weeks ago
IPO Rush: Five Mainboard Issues, Three SMEs Open This Week
An IPO is when a company sells small pieces of itself to the public to raise money.
Next week in India, many companies will do this at the same time.
Five big companies - Molbio Diagnostics, Dhoot Transmission, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering - will open their offers to buyers.
Three smaller companies will also invite bids.
People can invest with amounts starting near fourteen to fifteen thousand rupees.
The biggest offer is from Dhoot Transmission, which wants to raise about three thousand crore rupees.
Eight companies that already sold shares will also start trading on the stock exchange for the first time.
The main stock exchanges in India are the NSE and the BSE.
This makes it a very busy week for people who watch stocks.
Buyers must watch the bidding dates carefully so they do not miss their chance to get shares.
Five mainboard IPOs - Molbio Diagnostics, Dhoot Transmission, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering - open for bidding between August 10 and 12.
Dhoot Transmission's Rs 3,066.89 crore issue is the week's biggest mainboard IPO, with a price band of Rs 829-871 per share.
Three SME issues - Fascinate Textiles, Sham Foam and Pramodini Medicare - also invite bids during the week.
Eight companies, from Anawil Wire & Engineering on August 10 to Optimystix Entertainment, LEAP India and Technocraft Ventures on August 14, are scheduled to list.
Axis Capital, Kotak Mahindra Capital, JM Financial and Emkay Global are among the lead managers, with KFin Technologies as registrar for most mainboard issues.
- Who
- Investors in India's primary market, along with mainboard issuers Molbio Diagnostics, Dhoot Transmission, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering, and SME issuers Fascinate Textiles, Sham Foam and Pramodini Medicare
- What
- A busy IPO week featuring five mainboard issues, three SME issues and eight stock market listings
- Where
- India's stock markets, including NSE SME and BSE SME
- When
- August 10-15, with bidding from August 10-14 and listings from August 10-14
- Why
- Companies are raising capital through fresh issues and offers for sale, while earlier-issued shares make their market debuts
Key facts
- Biggest mainboard IPO
- Dhoot Transmission - Rs 3,066.89 crore
- Mainboard IPOs opening
- 5 (Molbio Diagnostics, Dhoot Transmission, Milky Mist Dairy Food, Shiprocket, Behari Lal Engineering)
- SME IPOs opening
- 3 (Fascinate Textiles, Sham Foam, Pramodini Medicare)
- Listings this week
- 8 (August 10-14)
- Dhoot Transmission price band
- Rs 829-871
- Milky Mist Dairy Food price band
- Rs 133-140
- Molbio Diagnostics price band
- Rs 768-807
- Shiprocket price band
- Rs 92-97










