IPOgust: 11 firms to raise ₹21,272 cr in August; Shiprocket, Milky Mist, 4 others to open this week
ADVERTISEMENT
August is going to be the busiest month for India’s primary market in 2026, with as many as 11 mainboard IPOs having already proposed to collectively raise around ₹21,272 crore in the first half of the month, while many more are set to launch their public issues later this month.
The list includes Dhoot Transmission, LEAP India, Shiprocket, Milky Mist Dairy Food, Manipal Health Enterprises and Juniper Green Energy, among others, with some of these companies having already made their debut on the domestic bourses this week.
The IPO rush follows a strong July, when 12 issues raised ₹28,648 crore, taking cumulative fundraising through IPOs in the first seven months of 2026 to ₹51,221 crore, according to Prime Database. July was the busiest month so far this year in terms of funds raised, accounting for more than half of the total IPO mobilisation during the period.
IPO activity remained subdued in first half
The first half of the year, however, saw subdued activity in the IPO market, as geopolitical uncertainty, elevated crude oil prices and volatility in domestic equities prompted several issuers to adopt a wait-and-watch approach. As many as 27 companies collectively raised ₹22,572 crore through IPOs between January and June 2026.
January began with three companies raising ₹4,765 crore, followed by ₹8,162 crore raised through seven issues in February. In March, eight IPOs raised ₹5,852 crore, while April contributed ₹1,076 crore from two issues. There were no mainboard IPOs in May before fundraising resumed in June, with seven issues raising ₹2,718 crore.
The August IPO line-up is led by Manipal Health Enterprises, which made its debut on August 5 after raising ₹9,275 crore through its IPO that opened on July 29 and closed on July 31. Two other IPOs - Juniper Green Energy, which raised ₹1,800 crore, and MV Electrosystems, which raised ₹290 crore - also closed and made their stock market debut on August 6.
Meanwhile, Ardee Industries, which raised ₹425.87 crore, closed its IPO on August 7 and is scheduled to list on August 12. Together, these four issues account for ₹11,791.09 crore of the IPO activity in the August calendar.
Seven IPOs look to raise ₹10,211 crore this week
Primary-market activity is set to gather pace in the second week of August, with seven IPOs spanning auto components, logistics infrastructure, dairy, diagnostics, e-commerce technology and engineering scheduled to open or close during the week.
LEAP India and Technocraft Ventures opened on August 7 and will close on August 11, while Dhoot Transmission and Molbio Diagnostics will open on August 10. Milky Mist Dairy Food will open on August 11, followed by Shiprocket and Behari Lal Engineering on August 12. Together, these seven issues are looking to raise around ₹10,211 crore.
Dhoot Transmission IPO
Dhoot Transmission is the largest IPO in the week, with an issue size of ₹3,066.89 crore. The auto-component maker will open its IPO on August 10 and close on August 12, with a price band of ₹829-871 a share.
The issue comprises a fresh issue of ₹1,400 crore and an offer for sale of ₹1,666.89 crore. The company is a manufacturer of wiring harnesses and other electrical and electronic components used in automobiles. Its product portfolio includes wiring harnesses, junction boxes, battery cables, switches, sensors and other electrical distribution systems.
LEAP India IPO
LEAP India is seeking to raise ₹2,480 crore through its IPO, making it the second-largest issue of the week. The IPO opened on August 7 and will close on August 11, with a price band of ₹151-159 a share.
The issue consists of a fresh issue of ₹480 crore and an OFS of ₹2,000 crore. LEAP India operates in the supply-chain and logistics infrastructure space, providing asset-based solutions to businesses through its reusable packaging and logistics assets.
Shiprocket IPO
Logistics technology platform Shiprocket is looking to raise ₹1,617.48 crore through its IPO, which will open on August 12 and close on August 14. The price band is ₹92-97 a share.
The issue includes a fresh issue of ₹885.50 crore and an OFS of ₹731.98 crore. Shiprocket provides technology-enabled logistics and fulfilment solutions to e-commerce businesses, particularly small and medium-sized sellers, by connecting them with multiple logistics and delivery partners.
Milky Mist Dairy Food IPO
Milky Mist Dairy Food will open its ₹1,553-crore IPO on August 11 and close on August 13. The dairy products maker has fixed a price band of ₹133-140 a share.
The issue includes a fresh issue of ₹1,428 crore and an OFS of ₹125 crore, making it one of the most fresh-capital-heavy IPOs of the week. The company operates in the value-added dairy segment, with products spanning cheese, paneer, curd, milk and other dairy products.
Molbio Diagnostics IPO
Molbio Diagnostics, the maker of molecular diagnostic products, will open its IPO on August 10 and close on August 12. The issue size is ₹939.70 crore, with a price band of ₹768-807 a share.
The IPO comprises a fresh issue of ₹200 crore and an OFS of ₹739.70 crore. Molbio is known for its molecular diagnostic platform and portable testing solutions, which enable diagnostic testing closer to the point of care.
Behari Lal Engineering IPO
Behari Lal Engineering is the smallest IPO among the seven, with an issue size of ₹301.62 crore. The IPO will open on August 12 and close on August 14, with a price band of ₹271-285 a share.
The issue consists of a fresh issue of ₹93 crore and an OFS of ₹208.62 crore. The company operates in the engineering and manufacturing space and is tapping the IPO market to raise capital for its growth plans.
Technocraft Ventures IPO
Technocraft Ventures, which has an issue size of ₹251.88 crore, opened on August 7 and will close on August 11. The IPO has a fixed issue price of ₹212 a share.
The offering comprises a fresh issue of ₹201.51 crore and an OFS of ₹50.37 crore. The company operates in the engineering and manufacturing space and is tapping the IPO market primarily to raise fresh capital for its growth plans.