India’s primary market is heading into another busy week, with seven companies planning IPOs between August 17 and 21 and collectively targeting more than Rs. 6,400 cr. The week begins with Horizon Industrial Parks and Lalithaa Jewellery Mart, followed by Shankesh Jewellers and Sunshine Pictures.
Shankesh Jewellers is scheduled to open its IPO on August 18. The company has fixed the price band at Rs. 88–93 per share, with the total issue size estimated at Rs. 367.18 cr. The issue includes a fresh component of up to Rs. 274.18 cr. and an OFS component of up to Rs. 93 cr.
Sunshine Pictures is scheduled to open its IPO tomorrow, August 18. The company has set the price band at Rs. 342–360 per share, with an issue size of around Rs. 282.14 cr. The issue will close on August 20.
Gaja Alternative Asset Management, operating as Gaja Capital, will open its IPO on August 19. The issue size is approximately Rs. 550 cr., with a price band of Rs. 152–160 per share. The offering comprises a fresh issue of up to Rs. 450 cr. and an OFS component of Rs. 100 cr.
Friday night closing: Brent Crude $89.59, Dow -108 pts., Nasdaq -74 pts., S&P -13 pts. and Gift Nifty -8 pts. at 24,423, signalling a mild gap-down opening on Monday, subject to weekend developments.
Unihealth Hospitals successfully performed a complex emergency CABG surgery at UMC Hospitals, Navi Mumbai, saving a 35-year-old patient suffering from critical multi-vessel coronary artery disease.
Cochin Minerals and Rutile is debt-free with Rs.164 crore reserves against equity of Rs.8 crore. It has paid an 80% dividend for four consecutive years and announced the same for FY26. Q1FY27 PAT surged 279% to Rs.12.38 crore, with EPS of Rs.15.81. The stock looks attractive at Rs.296 cum 80% dividend versus its all-time high of Rs.415.
Indian equity markets are expected to open on a muted note today. GIFT Nifty was indicating a cautious start, while the Sensex had closed the previous session at 78,079.96, gaining 113.61 points. The Nifty also remained relatively stable as investors assessed mixed global signals and the latest domestic earnings.
Tensions in the Middle East have intensified after the UAE accused Iran of attacking two ADNOC-linked vessels in the Strait of Hormuz. No injuries were reported, but the incident has added fresh concerns over the safety of commercial shipping through one of the world’s most important energy corridors.
The United States has placed India among countries it says face risks related to the transshipment of Chinese goods, amid Washington’s efforts to prevent Chinese products from bypassing US tariffs through third countries.
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