
The Indian primary market is set for a busy week, with five companies preparing to launch their initial public offerings (IPOs). Dhoot Transmission, Shiprocket, Milky Mist Dairy Foods, Molbio Diagnostics and Bihari Lal Engineering are collectively looking to raise around ₹7,443 crore through their public issues.
The IPO subscriptions will open across August 10, 11 and 12, giving investors several opportunities to participate in new public offerings.
The Molbio Diagnostics and Dhoot Transmission IPOs will open for subscription on August 10, followed by the Milky Mist Dairy Foods IPO on August 11. Shiprocket and Bihari Lal Engineering will open their public issues on August 12.
With five major IPOs lined up, the upcoming week is expected to remain closely watched by investors tracking the IPO calendar and primary market activity.
IPO Calendar Next Week: 5 Issues to Watch
Company IPO Size Price Band Subscription Opens
Dhoot Transmission ₹3,067 crore ₹829–₹871 August 10
Molbio Diagnostics ₹904–₹940 crore ₹768 ₹807 August 10
Milky Mist Dairy Foods ₹1,553 crore ₹133–₹140 August 11
Shiprocket ₹1,617.5 crore ₹92–₹97 August 12
Bihari Lal Engineering Included in ₹7,443 crore total — August 12
Issue sizes and price bands are based on the details available in the IPO disclosures cited in the report.
How Will Companies Use the IPO Funds?
The funds raised through the upcoming IPOs are expected to be used for a combination of business expansion, capital expenditure, debt repayment and general corporate purposes.
Fresh-issue proceeds generally go to the company, while funds raised through an Offer for Sale (OFS) are received by existing shareholders selling their shares.
The IPO pipeline remains active, with the public issues of KKR-backed LEAP India and Technocraft Ventures also attracting investor attention. With the upcoming offerings, the number of companies launching IPOs in the Indian primary market this year is expected to reach 47, according to the figures cited in the report.
Dhoot Transmission IPO: ₹3,067 Crore Issue
Dhoot Transmission will be one of the largest IPOs in the upcoming batch.
The auto-parts manufacturer has fixed a price band of ₹829 to ₹871 per share for its ₹3,067 crore IPO. The issue comprises a fresh issue of up to ₹1,400 crore and an Offer for Sale of up to 1.91 crore shares by existing shareholders.
The OFS is being offered by promoters including BC Asia Investments XV Limited, an affiliate of Bain Capital, and Mangalam Capital Private Limited.
The company operates in the automotive components sector, making its IPO particularly relevant for investors looking at India's automobile and auto-component industries.
Molbio Diagnostics IPO: Check Price Band
Molbio Diagnostics, backed by Temasek and Motilal Oswal Private Equity, has fixed its IPO price band at ₹768 to ₹807 per share.
The issue is valued at approximately ₹904–₹940 crore and comprises a fresh issue of up to ₹200 crore and an OFS of up to 91.66 lakh shares.
Molbio operates in the point-of-care diagnostics space and is known for its diagnostic technology platform.
IFC Invests ₹20 Crore in Molbio Diagnostics
Molbio has also attracted institutional investor interest ahead of its IPO.
The International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, invested ₹20 crore in Molbio as an anchor investor, according to the details cited in the report.
The investment marks IFC's return to the Indian mainboard IPO market after several years. IFC had previously participated as an anchor investor in Dodla Dairy in June 2021.
Institutional Investors Buy Molbio Shares
Molbio has also received interest from several alternative investment funds and institutional investors through secondary transactions.
According to the figures cited in the report, these investors collectively purchased shares worth approximately ₹160 crore, with the transactions taking place at the upper end of the IPO price band of ₹807 per share.
Among the investors, 360 ONE Asset invested ₹30 crore. 3P Investment Managers, Neo Alternative Asset Managers, Kotak Mahindra Life Insurance and Susquehanna International Group invested ₹25 crore each.
WhiteOak Capital Asset Management invested ₹20 crore, while Motilal Oswal Asset Management invested ₹10 crore.
Milky Mist Dairy Foods IPO: ₹1,553 Crore Issue
Milky Mist Dairy Foods will launch its ₹1,553 crore IPO on August 11.
The dairy company's IPO has a price band of ₹133 to ₹140 per share. The issue comprises a fresh issue of up to ₹1,428 crore and an OFS component of up to ₹125 crore.
According to the details cited in the report, the IPO would become the largest public issue by an Indian dairy company.
Investors will be watching the company's growth prospects, financial performance and valuation closely when the issue opens.
Shiprocket IPO: ₹1,617.5 Crore Issue
E-commerce enablement platform Shiprocket is scheduled to open its IPO on August 12.
The company has fixed a price band of ₹92 to ₹97 per share for its ₹1,617.5 crore public issue.
The IPO comprises a fresh issue of up to ₹885.50 crore and an OFS of up to ₹732 crore by existing shareholders.
The OFS includes shares held by investors such as Lightrock, Tribe Capital and Moore Strategic Ventures.
Shiprocket's IPO will be closely watched because of its position in India's growing e-commerce logistics and enablement ecosystem.
Bihari Lal Engineering IPO Also Opens August 12
Bihari Lal Engineering, which manufactures engineering castings and alloy-steel products, is also scheduled to launch its IPO on August 12.
The company is part of the five-IPO pipeline that will collectively raise around ₹7,443 crore from the primary market.
Investors should check the final IPO prospectus and exchange filings for the company's exact issue size, price band, lot size and other subscription details before applying.
More IPOs Could Hit the Market Soon
The IPO activity is unlikely to slow down after next week's five issues.
Companies including Blackstone-backed Horizon Industrial Parks, a Gaja Capital-backed company and Shankesh Jewellers could potentially announce their IPO price bands in the coming days, according to the details cited in the report.
This suggests that India's primary market could remain active in the weeks ahead, giving investors a broad range of new issues to evaluate.
Upcoming IPOs: What Investors Should Check
With several IPOs opening within just three days, investors should avoid making decisions solely on the size or popularity of an issue.
Before applying, investors should review:
IPO price band and valuation
Fresh issue versus OFS component
Company's revenue and profit growth
Debt levels and cash flows
Promoter and institutional holdings
IPO proceeds and their intended use
Peer-company valuations
Risks highlighted in the offer documents
Investors should also remember that an IPO investment carries market risk, and listing gains are not guaranteed.
Upcoming IPOs Next Week: Key Takeaways
The upcoming week is shaping up to be one of the busiest periods for India's primary market, with five IPOs collectively targeting around ₹7,443 crore.
Dhoot Transmission has the largest issue among the companies discussed, followed by Shiprocket and Milky Mist Dairy Foods. Molbio Diagnostics will also be in focus because of institutional participation and its healthcare-technology business.
With the IPO pipeline remaining strong, investors will be watching subscription numbers, valuations and institutional demand closely as the issues open.
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