Daijiworld Media Network - Mumbai

Mumbai, Aug 16: The primary market is set for another busy week, with six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, preparing to raise nearly Rs 5,600 crore collectively through initial public offerings (IPOs).

The upcoming issues come after five IPOs were launched in the previous week, while three companies had already tapped the market earlier this month. With the latest offerings, the number of companies launching IPOs in 2026 is expected to rise to 54.

Horizon Industrial Parks will open its Rs 2,600-crore IPO on August 17, marking the beginning of the week's activity. Lalithaa Jewellery Mart will also launch its Rs 1,700-crore issue on the same day.

Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18. Their offerings are valued at Rs 367 crore and Rs 282 crore, respectively.

Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its Rs 550-crore IPO on August 19, while Tempsens Instruments (India) will open its issue on August 20.

The proceeds from the fresh issues are expected to be used primarily for business expansion, capital expenditure, debt repayment and other corporate purposes.

Horizon Industrial Parks' Rs 2,600-crore offering comprises entirely a fresh issue, with a price band of Rs 57-60 per share. The company plans to utilise the proceeds to repay borrowings.

Lalithaa Jewellery Mart has fixed a price band of Rs 190-201 per share for its Rs 1,700-crore issue. The offering comprises a fresh issue of up to Rs 1,200 crore and an offer for sale (OFS) of up to Rs 500 crore.

Shankesh Jewellers has set a price band of Rs 88-93 per share for its Rs 367-crore IPO. The issue comprises a fresh issue of up to 2.95 crore equity shares and an OFS of up to one crore equity shares.

Sunshine Pictures has fixed a price band of Rs 342-360 per share for its Rs 282-crore offering. The IPO comprises a fresh issue of 48 lakh equity shares and an OFS of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares.

Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell their shares through the OFS component of the Sunshine Pictures issue.

Gaja Alternative Asset Management has set a price band of Rs 152-160 per share for its Rs 550-crore IPO. The issue consists of a fresh issue of up to Rs 450 crore and an OFS of up to Rs 100 crore.

Tempsens Instruments (India) will offer a fresh issue worth Rs 95 crore along with an OFS of 1.85 crore shares.

The primary market activity will continue beyond the coming week, with air freight forwarding and logistics company Skyways Air Services scheduled to launch its Rs 583-crore IPO on August 24.

The continued flow of IPOs highlights the strong pipeline in India's primary market, with companies across industrial parks, jewellery, retail, asset management, entertainment and manufacturing sectors looking to raise capital from investors.