Grey market premiums for five Indian initial public offerings scheduled to open next week are pointing to strong anticipated listing gains, signaling renewed vigor in the primary market.
The companies in focus include Dhoot Transmission, Molbio Diagnostics, Shiprocket, Behari Lal Engineering, and Milky Mist Dairy Food.
Dhoot Transmission, an automotive component manufacturer backed by private equity, is preparing to launch an IPO worth approximately ₹2,250 crore ($270 million).
Dhoot Transmission, an automotive component manufacturer backed by private equity, is preparing to launch an IPO worth approximately ₹2,250 crore ($270 million).
The offering is expected to hit the market as early as the first week of August, with grey market activity suggesting significant upside potential for subscribers.
The other four issuers span diverse sectors, from diagnostics and logistics to engineering and dairy.
Molbio Diagnostics and Shiprocket are drawing particular attention for their growth trajectories in healthcare and e-commerce logistics, respectively.