Rs 6,400-crore IPO rush: 7 companies set to tap primary market next week
The IPO market anticipates a busy week with seven companies planning public offerings. These upcoming issues aim to collectively raise more than Rs 6,400 crore from investors. Horizon Industrial Parks and Lalithaa Jewellery Mart will launch their initial public offerings on August 17. Shankesh Jewellers and Sunshine Pictures are scheduled to open their issues on August 18.
The Indian IPO market is gearing up for a busy week, with seven companies slated to issue shares between August 17 and 21, aiming to raise over Rs 6,400 crore in total. This lineup comprises Horizon Industrial Parks, backed by Blackstone; Lalithaa Jewellery Mart, a prominent jewellery retailer; Shankesh Jewellers; Sunshine Pictures; Gaja Alternative Asset Management; Tempsens Instruments; and Augmont Enterprises.
Following a series of five IPOs launched this week and three more launched earlier this month, the total number of companies issuing shares in 2026 is projected to reach 55, according to industry data. Horizon Industrial Parks and Lalithaa Jewellery Mart are set to make their debut on August 17, with both companies seeking to raise substantial sums - Rs 2,600 crore for Horizon and Rs 1,700 crore for Lalithaa Jewellery Mart.
The former's IPO is a completely new issue with a price band of Rs 57-60 per share, while the latter will use the funds raised for debt repayment and business expansion.
On August 18, the primary market will see two more IPOs - Shankesh Jewellers, targeting Rs 367 crore with a price band of Rs 88-93 per share, and Sunshine Pictures, aiming to raise Rs 282 crore with a price band of Rs 342-360 per share. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares through the Offer for Sale (OFS) for Sunshine Pictures.
The IPO pipeline will continue to grow, with Gaja Capital and Tempsens Instruments following on August 19 and 20, respectively. Gaja Alternative Asset Management, operating under the Gaja Capital brand, will launch a Rs 550-crore IPO, while Tempsens Instruments will disclose its price band on Monday. Augmont Enterprises will conclude the week's IPO calendar on August 21, raising Rs 825 crore through a fresh issue of Rs 620 crore and an OFS of Rs 205 crore.
The proceeds will primarily be used for business expansion, capital expenditure, and debt repayment, with the OFS funds accruing to selling shareholders.
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