The primary market is getting busy again, with two mainboard IPOs opening for subscription today. Lalithaa Jewellery Mart and Horizon Industrial Parks are both looking to raise money from investors, while several more IPOs are lined up for the rest of the week.
For IPO investors, it is going to be an interesting few days. Apart from the new issues, recent IPOs such as Shiprocket and Behari Lal Engineering have also attracted strong demand, keeping the grey market active.
Here’s a quick look at what is happening in the IPO market today.
Two Mainboard IPOs Open Today
Lalithaa Jewellery Mart IPO
The Lalithaa Jewellery Mart IPO opened for subscription on August 17 and will remain open until August 19.
The company has fixed the price band at ₹190 to ₹201 per share and is looking to raise around ₹1,700 crore through the issue. The IPO includes a ₹1,200 crore fresh issue and a ₹500 crore offer for sale.
The IPO has already attracted attention in the grey market. Current reports indicate a GMP of around ₹30, although the figure has been moving and should not be treated as a guaranteed listing gain.
Lalithaa Jewellery Mart operates a large jewellery retail network in southern India and has been one of the more closely watched IPOs of this week.
Horizon Industrial Parks IPO
The second big issue opening today is Horizon Industrial Parks.
The company is offering its shares in the ₹57–₹60 price band and the IPO size is around ₹2,600 crore. The issue will also remain open until August 19.
Horizon operates in the industrial and logistics infrastructure space, developing and leasing warehouses and industrial facilities across India.
Unlike Lalithaa Jewellery, the grey market response for Horizon has been relatively moderate so far. Current reports indicate a GMP of around 6%, suggesting that grey-market expectations are positive but not particularly aggressive.
Recent IPOs Continue to Keep Investors Busy
The excitement is not limited to today's IPOs.
Shiprocket IPO
Shiprocket's IPO received an extraordinary response from investors. The issue closed with subscription of around 99.3 times, with strong demand coming from qualified institutional buyers.
The grey market has also remained positive, with recent estimates indicating potential listing gains of around 33%. Of course, GMP can change before listing and should only be viewed as an unofficial market indicator.
Behari Lal Engineering IPO
Behari Lal Engineering was another issue that attracted strong investor interest.
The ₹302 crore IPO was subscribed around 108 times by the end of bidding, according to reports. Its grey market premium has also remained strong, with recent estimates around 28–30%.
The allotment is now being watched closely by investors who participated in the issue.
More IPOs Are Coming This Week
The IPO calendar gets even busier from Tuesday.
Shankesh Jewellers is scheduled to open on August 18, with a price band of ₹88–₹93 per share and an issue size of around ₹367 crore.
Sunshine Pictures will also open on August 18. The company has fixed its price band at ₹342–₹360 per share and the issue is worth around ₹282 crore.
Then comes Gaja Alternative Asset Management, which is scheduled to open on August 19. Its ₹550 crore IPO has a price band of ₹152–₹160 per share.
So, investors looking at IPOs this week have several options across jewellery, logistics, entertainment and asset management.
What About GMP?
Grey Market Premium, or GMP, continues to be one of the most searched indicators before an IPO listing.
But there is an important point investors should remember: GMP is unofficial and can change quickly.
A strong GMP may indicate positive sentiment among grey-market participants, but it does not guarantee that the stock will list at the same premium. Market conditions, subscription numbers, valuations and overall sentiment can all influence the actual listing price.
For this reason, investors should look at the company's financial performance, business model, valuation and risk factors instead of relying only on GMP.
IPO Market Looks Busy Again
With two large mainboard IPOs opening today and several more issues scheduled over the next few days, the Indian primary market is clearly seeing another busy phase.
Lalithaa Jewellery Mart is attracting attention because of its strong jewellery retail business and positive grey-market sentiment, while Horizon Industrial Parks offers investors exposure to the growing logistics and industrial infrastructure sector.
At the same time, the huge subscription numbers seen in recent issues such as Shiprocket and Behari Lal Engineering show that investor appetite for new listings remains strong.
For IPO investors, this makes the coming week worth watching closely.
Keep checking GMP IPO Watch for the latest IPO GMP, subscription status, allotment updates, listing details and upcoming IPO news.
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