Mainboard IPOs Live Now: Price Bands, Dates and GMP

Six mainboard initial public offerings are active on the Indian primary market in August 2026, comprising two open issues accepting investor bids and four closed issues awaiting allotment and listing. Together, these offerings span logistics infrastructure, retail jewellery, media production, wholesale gold trading, private equity asset management, and specialized thermal engineering.

Below is where each mainboard issue stands, detailing the price band, lot size, issue size, bidding timeline, operational highlights, and unofficial grey market premium.

Horizon Industrial Parks Limited

Horizon Industrial Parks Limited is an industrial and logistics real estate platform backed by global investment firm Blackstone Group. The company develops, owns and operates roughly 58.5 million square feet of Grade-A industrial parks, fulfillment hubs, and urban logistics centers across 10 major economic regions in India. Its tenant network spans over 100 corporate clients across third-party logistics, e-commerce, retail, FMCG, and automotive manufacturing.

The Rs 2,600 crore offering is entirely a fresh issue of equity shares, with proceeds earmarked primarily for prepayment or repayment of outstanding borrowings amounting to Rs 2,250 crore, alongside general corporate purposes. Lead managers for the issue include JM Financial, Axis Capital, IIFL Capital Services, SBI Capital Markets, and 360 ONE WAM. The public offering closed on 19 August 2026 with an overall subscription of 1.45 times.

Lalithaa Jewellery Limited

Lalithaa Jewellery Limited is a prominent South Indian jewellery retailer operating over 60 large format showrooms across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry. Promoted by M. Kiran Kumar Jain and Hemaa Kiran Kumar Jain, the company specializes in gold, diamond, and silver ornaments. Its business model focuses on transparent pricing and low making charges to build consumer trust and drive retail volume growth.

The Rs 1,700 crore book-built issue is entirely fresh equity. The company plans to utilize Rs 750 crore of the net proceeds for capital expenditure to open 10 new retail showrooms, Rs 250 crore for initial inventory requirements of those stores, and Rs 200 crore for general corporate purposes. Ahead of the opening, the firm raised Rs 508.20 crore from 22 institutional anchor investors. The issue closed on 19 August 2026 with strong demand, ending 62.97 times subscribed.

Sunshine Pictures Limited

Sunshine Pictures Limited is a Mumbai-based film and media production studio co-founded in 2007 by veteran filmmaker Vipul Amrutlal Shah and actress Shefali Shah. The studio manages the complete creative lifecycle of entertainment content, including story development, film production, marketing, and distribution. Its theatrical catalog includes commercial releases such as The Kerala Story, Namastey London, Holiday, and the Force and Commando film franchises.

The Rs 282.14 crore mainboard issue consists of a fresh issue of Rs 172.8 crore and an offer for sale of Rs 109.34 crore by existing promoter shareholders. Fresh proceeds of Rs 112.5 crore will fund working capital requirements for prospective film, television, and digital streaming projects. The studio raised Rs 84.64 crore from 9 institutional anchor investors prior to the issue opening.

Shankesh Jewellers Limited

Shankesh Jewellers Limited is a B2B wholesale enterprise operating out of Zaveri Bazar, Mumbai. Established in 2005 by Kantilal Kheemraj Jain, Mahavir Kantilal Jain, and Manoj Kantilal Jain, the company specializes in the design, wholesale distribution, and trading of 22-karat and 18-karat gold jewellery, serving national retail chains, regional stores, and wholesale buyers across India.

The company operates an asset-light framework by maintaining in-house design creation and quality control while contracting primary goldsmithing to independent artisans. The Rs 367.18 crore public offering includes a fresh issue of Rs 274.18 crore and an offer for sale of Rs 93 crore. Net fresh proceeds will fund debt repayment of Rs 158 crore and working capital requirements of Rs 38 crore. The issue closed 2.80 times subscribed on 20 August 2026.

Gaja Alternative Asset Management Limited

Gaja Alternative Asset Management Limited, operating under the brand Gaja Capital, is an independent private equity and alternative asset management firm established in 1999. Headquartered in Mumbai, the firm acts as investment manager for Category I and Category II Alternative Investment Funds registered with SEBI. It focuses on mid-market growth investments across education, financial services, consumer products, and digital technology.

The Rs 550 crore offering comprises a fresh issue of Rs 450 crore and an offer for sale of Rs 100 crore by promoter shareholders. The company plans to deploy Rs 372 crore of fresh proceeds toward funding balance sponsor commitments in constituent funds (including Fund IV, proposed Fund V, and Secondaries Fund) and repayment of bridge loans. Gaja Capital secured Rs 165 crore from 20 anchor investors on 18 August 2026. The bidding window remains open through 21 August 2026.

Tempsens Instruments Limited

Tempsens Instruments Limited is a specialized thermal engineering manufacturer producing customized temperature measurement systems, industrial heating solutions, pyrometers, and specialized cables. Originating from the Pyrotech Group established in 1976, the firm operates manufacturing plants in India, Germany, and Indonesia, supplying industrial clients across steel, power, petrochemicals, glass, defense, and pharmaceuticals in over 70 countries.

The Rs 650 crore issue comprises a fresh issue of Rs 95 crore and an offer for sale of Rs 555 crore by promoter sellers. Fresh proceeds will fund capital expenditure of Rs 18.13 crore for electrical heating equipment and specialized cable solutions, alongside debt repayment of Rs 55 crore. The company raised Rs 194.55 crore from 29 anchor investors on 19 August 2026. The public issue is open for subscription through 24 August 2026.

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This roundup is for information only and is not investment advice. Grey market figures cited are unofficial, unregulated market reports and do not indicate expected listing prices. IPO investments carry market risk. Read each prospectus and do your own research before you bid.