Seven IPOs to raise over Rs 6,400 crore next week

Seven companies are set to launch IPOs between August 17 and 21, collectively aiming to raise more than Rs 6,400 crore, the Times of India reports. The line-up includes Horizon Industrial Parks, Lalithaa Jewellery Mart, Shankesh Jewellers, Sunshine Pictures, Gaja Alternative Asset Management, Tempsens Instruments, and Augmont Enterprises. Rediff puts the number at six companies targeting nearly Rs 5,600 crore, excluding Augmont Enterprises. Both outlets agree that Horizon Industrial Parks (Rs 2,600 crore) and Lalithaa Jewellery Mart (Rs 1,700 crore) open on August 17.

Shankesh Jewellers and Sunshine Pictures open on August 18, Gaja Alternative Asset Management on August 19, and Tempsens Instruments on August 20, according to both sources. Rediff reports the week's final IPO from Tempsens, while the Times of India adds Augmont Enterprises on August 21 with an Rs 825-crore issue. Funds from fresh issues will be used for business expansion, capital expenditure, and debt repayment. The Times of India says this will bring the number of 2026 IPOs to 55, Rediff projects 54.

Separately, Skyways Air Services is scheduled to launch a Rs 583-crore IPO on August 24, keeping the primary market pipeline active, both outlets report.