Upcoming IPOs This Week: Horizon Industrial Parks, Lalithaa Jewellery & More

The Indian IPO market rarely takes a breather these days, and this week is a good example why. Seven fresh issues are opening for bids between August 17 and August 21 — six on the mainboard, one pair on the SME side — while a separate wave of twelve companies that closed their books earlier are due to actually start trading. If you've been meaning to catch up on the primary market, this is the week to do it.

Mainboard IPO’s :- Horizon Industrial Parks

The biggest number on the board belongs to Horizon Industrial Parks, a Blackstone-backed developer and operator of industrial and logistics real estate. The company is looking to raise ₹2,600 crore, and interestingly, every rupee of it comes through a fresh issue — there's no offer-for-sale tagging along, which means existing investors aren't cashing out here; the company itself is raising the capital.

Where's the money going? A sizeable ₹2,250 crore — well over 80% of the raise — is earmarked purely to pay down borrowings, with the remainder kept for general corporate use. That's a fairly debt-heavy use of proceeds, worth keeping in mind if you're the kind of investor who likes to trace where IPO money actually ends up.

On the business itself: Horizon owns a portfolio of 60 million square feet across 46 assets in 10 cities — a genuinely large industrial and logistics footprint. The issue is priced between ₹57 and ₹60 a share, with a lot size of 250 shares, and bidding runs August 17-19.

Lalithaa Jewellery Mart, Shankesh Jewellers

This week brings not one but two jewellery retailers to the market, and they're worth telling apart.

Lalithaa Jewellery Mart, which sells gold, silverware, and diamond jewellery, is looking to raise ₹1,700 crore in total — split between a ₹1,200 crore fresh issue and a ₹500 crore offer-for-sale by promoter M Kiran Kumar Jain. The stated plan for the fresh capital is straightforward: opening new stores, with the rest going to general corporate purposes. Price band is ₹190-201, minimum lot 74 shares, and the window runs August 17-19.

A day later, Shankesh Jewellers — a Mumbai-based wholesaler known for handcrafted, customised gold jewellery — opens its own ₹367.18 crore issue, comprising a ₹274.18 crore fresh issue and a roughly ₹93 crore OFS from promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain. This one's aimed more at working capital and debt repayment than store expansion. Price band ₹88-93, bidding August 18-20.

Two very different jewellery businesses, in other words — one a retail-facing chain funding expansion, the other a wholesale manufacturer shoring up its balance sheet.

Sunshine Pictures

Here's an interesting one for anyone who follows Bollywood as closely as the markets: Sunshine Pictures, promoted by film and TV producer-director Vipul Shah, is opening its ₹282.14 crore IPO on August 18. The company is in the business of originating, developing, producing, and distributing films and web series — and the issue itself is a mix of fresh shares and a partial exit by promoters Vipul Amrutlal Shah and Shefali Vipul Shah.

Most of the fresh capital — ₹112.50 crore — is going toward long-term working capital, which makes sense for a content business where production cycles can tie up cash for long stretches before a project monetises. Price band is ₹342-360, one of the higher-priced issues of the week, with a lot size of 41 shares. Bidding closes August 20.

Gaja Alternative Asset Management

If there's one IPO this week worth flagging for its novelty rather than its size, it's this one. Gaja Alternative Asset Management — operating under the well-known Gaja Capital brand — will become the first standalone, Indian-origin private equity firm to go public when its issue opens August 19.

Founded in 2004, Gaja Capital has built a reputation as one of India's established growth-capital PE investors, with a portfolio spanning education, financial services, and consumer businesses. The IPO itself is priced at ₹152-160 for a ₹550 crore raise — ₹450 crore fresh, ₹100 crore OFS — with proceeds going toward debt repayment, seeding new funds, and general corporate purposes. Lot size is 93 shares, and the issue runs through August 21.

Worth watching less for the raise size and more for what it might signal: if this listing goes well, it could open the door for other Indian alternative-asset managers to consider a similar public-market route.

Tempsens Instruments

Closing out the week is Tempsens Instruments (India), a thermal engineering and specialised cable manufacturer, opening August 20 and running through August 24 — the longest bidding window of the batch. The ₹650 crore issue splits into a modest ₹95 crore fresh issue against a much larger ₹555 crore OFS, meaning this one leans heavily toward existing shareholders realising value rather than funding growth. Price band ₹285-300, lot size 50 shares.

SME IPO’s :-

Two smaller issues round out this week's openings: Dhanwel Hybrid Seeds and Mopshop Distribution, both on the SME platform. As always with SME issues, expect the usual trade-offs — higher minimum ticket sizes, thinner post-listing liquidity — compared to their mainboard counterparts this week.

Twelve companies are making debut in the Market :-

While all this bidding is underway, a separate batch of twelve companies that closed their IPOs earlier are scheduled to actually list this week: 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.

That's a lot of debut trading sessions happening in parallel with a lot of fresh bidding — worth remembering if you're tracking listing-day performance for names you applied to earlier this month, since market attention (and liquidity) this week is genuinely split across both ends of the IPO pipeline.

The bigger picture

Step back and this week is a decent microcosm of where India's IPO market currently stands: real estate and industrial infrastructure (Horizon), traditional consumer retail (the two jewellery names), a bet on India's content economy (Sunshine Pictures), a genuinely new category of listing (Gaja Capital), and old-economy manufacturing (Tempsens) — all raising money in the same five-day window. If nothing else, it's a reminder that "the IPO market" isn't one story right now; it's several different ones running at once, and this week happens to be showing all of them side by side.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. IPO details, price bands, and dates are based on publicly available information and may be subject to change. Please read each company's offer documents carefully and consult a SEBI-registered financial advisor before making any investment decisions.