Now Reading: Five IPOs to raise over Rs 7,400 crore next week
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Five IPOs to raise over Rs 7,400 crore next week
India's primary market will see five companies launch their initial public offerings next week, aiming to collectively raise over Rs 7,400 crore. The largest among them is Dhoot Transmission, with an IPO…
The Story in Brief
India's primary market will see five companies launch their initial public offerings next week, aiming to collectively raise over Rs 7,400 crore. The largest among them is Dhoot Transmission, with an IPO worth Rs 3,067 crore opening on August 10. Other mainboard issues include Molbio Diagnostics (Rs 939.70 crore), Milky Mist Dairy Food (Rs 1,553 crore), Shiprocket (Rs 1,617.48 crore) and Behari Lal Engineering (Rs 302 crore).
The subscription windows stretch from August 10 to August 14. Additionally, shares of eight companies that opened for subscription last week are set to debut on exchanges. SME IPOs like Sham Foam and Fascinate Textiles will also open next week. The flurry of offerings comes as strong retail interest continues to buoy India's capital markets.
The Indian Opinion
The market buzz around IPOs often drowns out the fine print. One-sided narratives hype Dhoot Transmission and Molbio Diagnostics as sure-shot winners, ignoring that most IPOs trade below issue price within a year. Investors should watch the grey market premium, not feel-good headlines. The real test is whether these companies can sustain profit growth after listing, not just on the opening day.
Sources (2): livemint.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
