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Business

Five IPOs worth over Rs 7,400-cr to hit primary markets this week

hellohimachalse@gmail.com 10 Aug 2026 1 hour ago

New Delhi: Five companies, including auto components maker Dhoot Transmission, Temasek-backed Shiprocket and Milky Mist Dairy Food, are set to launch their initial public offerings (IPOs) next week, with the combined issue size exceeding Rs 7,400 crore.

The IPOs of point-of-care diagnostics firm Molbio Diagnostics and Dhoot Transmission will open for subscription on August 10, followed by Milky Mist Dairy Food on August 11. E-commerce enablement platform Shiprocket and engineering castings and alloy steel products manufacturer Behari Lal Engineering will open their public issues on August 12.

Together, the five companies are looking to raise around Rs 7,443 crore through the public issues, making it a busy week for the primary market. The IPO proceeds across the five companies will largely be used for business expansion, capital expenditure, debt repayment and other corporate purposes.

The maiden public offerings of KKR-backed LEAP India and Technocraft Ventures are currently open for subscription. With these issues, the number of companies launching their initial public offerings this year will rise to 47.

The primary market is also expected to see more activity in the coming weeks, with Blackstone-backed Horizon Industrial Parks, Gaja Capital-backed firm and Shankesh Jewellers, among other companies currently expected to announce their IPO price bands next week. Dhoot Transmission has fixed a price band of Rs 829-871 per share for its Rs 3,067-crore IPO.

The issue consists of a fresh issue of up to Rs 1,400 crore and an offer for sale (OFS) of up to 1.91 crore shares by promoters BC Asia Investments XV Ltd, an entity of Bain Capital, and Mangalam Capital Private Ltd. Molbio Diagnostics, backed by Temasek and Motilal Oswal Private Equity, has fixed a price band of Rs 768-807 per share for its Rs 904-940 crore IPO.

The issue comprises a fresh issue of up to Rs 200 crore and an OFS of up to 91.66 lakh shares. After a five-year hiatus, the International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, has invested Rs 20 crore as an anchor investor in Goa-based Molbio Diagnostics, joining a host of marquee institutional investors betting on the point-of-care diagnostics company ahead of its public listing. The investment marks IFC’s return to India’s mainboard IPO market after its June 2021 investment in Dodla Dairy, when it invested Rs 10 crore as an anchor investor.

Separately, leading AIFs and institutional investors have acquired shares worth Rs 160 crore in Molbio Diagnostics through secondary transactions at Rs 807 per share, the upper end of the IPO price band. 360 ONE Asset invested Rs 30 crore, while 3P Investment Managers, Neo Alternative Asset Managers, Kotak Mahindra Life Insurance and Susquehanna International Group invested Rs 25 crore each. WhiteOak Capital Asset Management invested Rs 20 crore and Motilal Oswal Asset Management Rs 10 crore.

Milky Mist Dairy Food will launch its Rs 1,553-crore IPO on August 11 at a price band of Rs 133-140 per share. The issue includes a fresh issue of up to Rs 1,428 crore and an OFS of up to Rs 125 crore. The public issue is set to be the largest IPO by an Indian dairy company. Shiprocket has fixed a price band of Rs 92-97 per share for its Rs 1,617.5-crore IPO.

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