August 5: India’s primary market is gearing up for another action-packed week, with three major mainboard IPOs—Technocraft Ventures, LEAP India, and Dhoot Transmission—scheduled to open for subscription. The upcoming public issues span sectors including infrastructure, logistics, and auto components, providing investors with diverse opportunities amid strong IPO market activity.
Among the three offerings, Dhoot Transmission IPO has emerged as the standout in the grey market, with the highest premium indicating strong investor interest ahead of its launch.
Technocraft Ventures IPO: Subscription Dates, Price Band and GMP
The Technocraft Ventures IPO will open for public subscription on August 7 and close on August 11, while the anchor investor portion is scheduled to open on August 6.
The ₹252 crore IPO comprises:
- Fresh issue of up to 95.05 lakh equity shares
- Offer for Sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions
The company has fixed the price band at ₹200–212 per share.
Technocraft Ventures IPO GMP Today
The IPO is currently commanding a grey market premium (GMP) of ₹10, indicating an estimated listing price of around ₹222 per share, nearly 4.7% above the upper price band of ₹212.
The GMP has improved steadily over recent sessions, reflecting growing optimism ahead of the issue opening.
Use of IPO Proceeds
Technocraft Ventures plans to utilize:
- ₹150 crore for working capital requirements
- Remaining proceeds for general corporate purposes
LEAP India IPO: Price Band, Issue Size and GMP
The LEAP India IPO will also open on August 7 and close on August 11, with anchor bidding commencing on August 6.
The company has fixed a price band of ₹151–159 per share.
The ₹2,480 crore IPO includes:
- Fresh issue worth ₹480 crore
- Offer for Sale (OFS) of ₹2,000 crore by existing shareholders
LEAP India IPO GMP Today
The latest LEAP India IPO GMP stands at ₹3, implying an estimated listing price of approximately ₹162 per share, or about 1.9% above the issue price.
Grey market trends suggest cautious optimism, although the premium has moderated over the past few sessions.
Fund Utilisation
LEAP India intends to use:
- ₹360 crore to repay or prepay borrowings
- Remaining proceeds for general corporate purposes
The IPO is being managed by JM Financial, Avendus Capital, IIFL Capital Services, and UBS Securities India.
Dhoot Transmission IPO: Highest GMP Among Upcoming IPOs
The Dhoot Transmission IPO will open for subscription from August 10 to August 12, while anchor investors can bid on August 7.
The company has fixed the price band at ₹829–871 per share for its ₹3,067 crore IPO.
The issue consists of:
- Fresh issue worth ₹1,400 crore
- Offer for Sale of up to 1.91 crore equity shares by BC Asia Investments XV Limited (backed by Bain Capital) and Mangalam Capital Private Limited
Dhoot Transmission IPO GMP Today
The IPO is currently commanding a grey market premium of ₹253, making it the strongest among the upcoming public issues.
Based on the upper price band, the estimated listing price is around ₹1,124 per share, indicating a potential listing gain of nearly 29% if current grey market trends continue.
The GMP has risen sharply over the last few sessions, reflecting robust investor sentiment ahead of the subscription opening.
Upcoming IPOs at a Glance
| IPO | Subscription Dates | Price Band | Latest GMP | Estimated Listing Gain |
|---|---|---|---|---|
| Technocraft Ventures | Aug 7–11 | ₹200–212 | ₹10 | ~4.7% |
| LEAP India | Aug 7–11 | ₹151–159 | ₹3 | ~1.9% |
| Dhoot Transmission | Aug 10–12 | ₹829–871 | ₹253 | ~29% |
Market Outlook
With strong activity returning to the IPO market, investors will closely watch subscription trends and grey market premiums over the coming days. While Dhoot Transmission currently leads the GMP charts, Technocraft Ventures and LEAP India are also expected to attract attention from institutional and retail investors.
It is important to note that grey market premiums (GMPs) are unofficial indicators and do not guarantee actual listing performance. Investors should evaluate a company’s fundamentals, financial performance, and valuation before making any investment decision.
