Upcoming IPOs: Lalithaa Jewellery, Horizon Industrial Parks, Sunshine Pictures, 5 others issue to open this week, 12 listings scheduled

The action will continue in the primary market this week, with as many as seven initial public offerings opening for subscription. They include mainboard issues of Horizon Industrial Parks, Lalithaa Jewellery Mart, Sunshine Pictures, Shankesh Jewellers, Gaja Alternative Asset Management and Tempsens Instruments (India), and SME IPOs of Dhanwel Hybrid Seeds and Mopshop Distribution.

Listings scheduled for this week include Molbio Diagnostics, Dhoot Transmission, Milky Mist Dairy Food, Behari Lal Engineering, Shiprocket, Sham Foam, Q&T Foods, Pramodini Medicare, Credent Connect, Skytech Infinite Platform, Technocrats Plasma Systems and ENS Enterprises.

Horizon Industrial Parks IPO

Blackstone-backed Horizon Industrial Parks Ltd will launch its ₹2,600 crore issue for subscription from August 17 to August 19.

The issue consists solely of a fresh issuance of 43.34 crore shares, with no offer for sale (OFS) component.

Of the fresh issue proceeds, the firm intends to utilise ₹2,250 crore to repay borrowings and the rest for corporate general purposes.

With a price band of ₹57 to ₹60 per share, a lot consists of 250 shares.

Horizon Industrial Parks Ltd is an industrial and logistics infrastructure developer, owner and operator, having a portfolio of 60 million square feet (sq ft) across 46 assets in 10 cities.

Lalithaa Jewellery Mart IPO

Jewellery retailer Lalithaa Jewellery Mart Ltd's public offer will be open from August 17 to August 19. The price band has been fixed at ₹190-₹201 per share.

The IPO is a mix of new equity shares valued at ₹1,200 crore and an OFS of ₹500 crore by promoter M Kiran Kumar Jain.

The funds raised will be used to establish new stores. A part will also be used for general corporate purposes.

The minimum investment for a retail investor is 74 shares.

Lalithaa Jewellery Mart sells gold jewellery, silverware and diamond jewellery.

Shankesh Jewellers IPO

Mumbai-based jewellery wholesaler Shankesh Jewellers has fixed a price range of ₹88 to ₹93 per share for its IPO, which will open for subscription on August 18. The issue will end on August 20.

The ₹367.18 crore IPO comprises a fresh issue of shares valued at ₹274.18 crore and an OFS of up to 1 crore shares worth ₹93 crore by promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain.

Objectives of the issue include funding working capital requirements, repayment or pre-payment of borrowings and general corporate purposes.

Shankesh Jewellers manufactures and provides customised handcrafted gold jewellery.

Sunshine Pictures IPO

Sunshine Pictures Ltd, which is promoted by film and television producer-director Vipul Shah, will open on August 18. The issue, which has set a price range of ₹342 to ₹360 per share, will conclude on August 20.

The ₹282.14 crore IPO is a combination of new equity shares worth 48 lakh equity shares and an OFS of 30.37 lakh shares by promoters Vipul Amrutlal Shah and Shefali Vipul Shah.

The company intends to use ₹112.50 crore to meet its long-term working capital needs, with the remaining funds to be used for general corporate purposes.

An application consists of 41 shares.

Sunshine Pictures Ltd is involved in originating, creating, developing, producing, marketing and distributing films and web series.

Gaja Alternative Asset Management IPO

Gaja Alternative Asset Management, which operates under the Gaja Capital brand, has set a price band of ₹152-₹160 per share for its ₹550-crore issue. It will be open from August 19 to August 21. A lot consists of 93 shares.

The issue consists of a fresh issue totalling ₹450 crore and an OFS of shares worth up to ₹100 crore by promoters and existing investors.

The money raised will be used for payment of debt, to seed new funds and for corporate general purposes.

This IPO will mark the first public listing of a standalone, Indian-origin private equity firm managing alternative assets.

Founded in 2004, Gaja Capital is among leading private equity and alternative asset management firms in India. It is focused on providing growth capital to entrepreneurs. It has invested across key sectors like education, financial services and consumer.

Tempsens Instruments (India) IPO

The public issue of thermal engineering and specialised cable manufacturer Tempsens Instruments (India) will open on August 20 and conclude on August 24.

The IPO is a mix of fresh issue worth ₹95 crore and an OFS of ₹555 crore.

With a price band of ₹285 to ₹300 per share, a lot consists of 50 shares.