IPOs This Week: 7 Issues To Raise Over Rs 6,400 Crore; Check Price Band, Size, And Other Key Details

The primary market is set for another busy week, with seven companies set to launch their initial public offerings (IPOs) between August 17 and August 21, collectively looking to raise more than Rs 6,400 crore. The upcoming IPO rush will be led by Blackstone-backed Horizon Industrial Parks and jewellery retailer Lalithaa Jewellery Mart, which will open their public issues on August 17. Shankesh Jewellers and Sunshine Pictures will follow on August 18, while Gaja Alternative Asset Management will open its IPO on August 19. Tempsens Instruments is scheduled to enter the primary market on August 20, followed by Augmont Enterprises on August 21. The six issues for which the total offer sizes are currently known, excluding the final size of Tempsens Instruments, already account for around Rs 6,324 crore. Tempsens will have a fresh issue of Rs 95 crore along with an offer for sale, taking the combined fundraising figure for the seven companies above the Rs 6,400-crore mark. Horizon Industrial Parks IPO: Rs 2,600 Crore Horizon Industrial Parks will kick off the week’s IPO activity on August 17. The Blackstone-backed industrial and logistics parks developer is looking to raise Rs 2,600 crore through an entirely fresh issue. The company has fixed the price band at Rs 57-Rs 60 per equity share, with the IPO scheduled to remain open until August 19. The company plans to use the proceeds primarily to repay borrowings. Horizon operates industrial and logistics parks and has positioned itself to benefit from India’s growing demand for warehousing and industrial infrastructure. However, investors will also need to consider the company’s debt levels and profitability profile. The company has also raised around Rs 1,167.75 crore from anchor investors ahead of the public issue. Lalithaa Jewellery Mart IPO: Rs 1,700 Crore Lalithaa Jewellery Mart will also open its IPO on August 17, making it the second major issue to hit the market on the same day. The jewellery retailer has fixed the price band at Rs 190-Rs 201 per share. Its Rs 1,700-crore IPO comprises a fresh issue of up to Rs 1,200 crore and an offer for sale of up to Rs 500 crore. The company operates under the Lalithaa Jewellery brand and has a strong presence in southern India. The IPO proceeds from the fresh issue are intended to support the company’s business and expansion plans. Lalithaa Jewellery Mart has also raised around Rs 508 crore from anchor investors ahead of the IPO. Shankesh Jewellers IPO: Rs 367 Crore Shankesh Jewellers will open its IPO on August 18 and close the issue on August 20. The company has fixed a price band of Rs 88-Rs 93 per share for its Rs 367.18-crore IPO. The issue comprises a fresh issue of up to 2.95 crore equity shares and an offer for sale of up to 1 crore shares. The jewellery company plans to use the fresh capital for business expansion, brand building and other corporate purposes. Sunshine Pictures IPO: Rs 282 Crore Film and television production company Sunshine Pictures will launch its IPO on August 18. The issue will close on August 20. The company has fixed the price band at Rs 342-Rs 360 per share, with the total offering valued at around Rs 282.14 crore. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer to 78.37 lakh shares. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will participate in the OFS. The company operates in film and television production and is associated with projects including The Kerala Story. Gaja Alternative Asset Management IPO: Rs 550 Crore Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will open its IPO on August 19 and close it on August 21. The alternative asset management company has fixed the price band at Rs 152-Rs 160 per share for its Rs 550-crore issue. The IPO comprises a fresh issue of up to Rs 450 crore and an OFS of up to Rs 100 crore. Gaja Alternative Asset Management is part of the Gaja Capital platform and focuses on alternative investment management. The company is expected to use proceeds from the fresh issue for fund-related commitments, repayment of borrowings and general corporate purposes. Tempsens Instruments IPO: Fresh Issue Of Rs 95 Crore Tempsens Instruments (India) will open its IPO on August 20, with the issue scheduled to close on August 24. The company will raise Rs 95 crore through a fresh issue, along with an offer for sale of 1.85 crore shares. The price band of the IPO has been fixed at Rs 285 to Rs 300. Tempsens Instruments manufactures temperature sensors and related industrial measurement equipment. The company is expected to use the fresh capital for its business requirements, while the OFS proceeds will go to the selling shareholders. The IPO will be listed on the BSE and NSE on August 28. Augmont Enterprises IPO: Rs 825 Crore Augmont Enterprises, an integrated gold and silver platform, will round off the week’s IPO activity with its Rs 825-crore public issue on August 21. The IPO comprises a fresh issue of Rs 620 crore and an offer for sale of Rs 205 crore. The company is engaged across the gold and silver value chain, giving investors exposure to the organised precious metals market. The price band for the issue is expected to be announced ahead of the IPO opening. IPO Pipeline Remains Strong The seven IPOs coming to the primary market this week underline the continued strength of India’s IPO pipeline. The known issue sizes of six companies already add up to more than Rs 6,300 crore, while Tempsens Instruments’ Rs 95-crore fresh issue, along with its OFS, takes the combined offer size above Rs 6,400 crore. The week’s fundraising will be led by Horizon Industrial Parks’ Rs 2,600-crore issue and Lalithaa Jewellery Mart’s Rs 1,700-crore offering. Together, the two account for more than two-thirds of the known issue size among the seven companies. The IPO activity is also expected to continue beyond this week. Skyways Air Services is scheduled to open its Rs 583-crore IPO on August 24, with a price band of Rs 131-Rs 138 per share, keeping the primary-market pipeline active in the following week. (With PTI Inputs)