Rs 7,681 crore IPO rush: Shiprocket, Milky Mist among 9 issues to hit the market
India's primary market is preparing for a busy week with nine companies launching IPOs to raise a total of Rs 7,681 crore. Key offerings include Dhoot Transmission, Milky Mist Dairy Food, and Shiprocket.
Why it matters
This surge in IPO activity reflects significant capital raising efforts in the Indian market, providing investors with multiple new opportunities across various sectors.
India’s primary market is set for a busy week, with nine companies looking to raise a cumulative Rs 7,681 crore through initial public offerings (IPOs) across the mainboard and SME platforms.The upcoming IPO list includes Molbio Diagnostics, Dhoot Transmission, Milky Mist Dairy Food, Fascinate Textiles, Shiprocket, Behari Lal Engineering, Pramodini Medicare, Q&T Foods and Sham Foam. The issues will open between August 10 and August 12, with most closing by August 14. In addition to these new issues, eight companies that launched their IPOs last week are set to list.The largest issue in the pack is Dhoot Transmission, which will open on August 10 and close on August 12. The mainboard IPO has a price band of Rs 829-871 per share and an issue size of Rs 3,066.89 crore. It comprises a fresh issue of Rs 1,400 crore and an offer for sale (OFS) of Rs 1,666.89 crore.
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