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IPO August 2026: 12+ Mainboard IPOs — A Complete Guide
Published by The Retail Trader · AUG 08, 2026 · Features
India's primary market is ultra-active this month. 12+ mainboard IPOs are set to raise ₹25,000+ crore. In July 2026, 13 IPOs raised ₹18,350 crore — August is set to be even bigger.
In this article we will break down which IPOs are coming, which sectors, what price bands, and what a retail investor should check before applying.
Keep these seven points in mind:
• Technocraft Ventures — Sector: Diversified Manufacturing, Open-Close: 7-11 Aug, Price Band: ₹200-212, Lot Size: 70 shares, Issue Size: ~₹525 Cr
• LEAP India — Sector: Supply Chain & Asset Pooling, Open-Close: 7-11 Aug, Price Band: ₹151-159, Lot Size: 94 shares, Issue Size: ~₹2,480 Cr
• Dhoot Transmission — Sector: Auto Components, Open-Close: 10-12 Aug, Price Band: ₹829-871, Lot Size: 17 shares, Issue Size: ~₹3,067 Cr
• Molbio Diagnostics — Sector: Diagnostics/Healthcare, Open-Close: 10-12 Aug, Price Band: ₹768-807, Lot Size: 18 shares, Issue Size: ~₹940 Cr
• Milky Mist Dairy — Sector: FMCG/Dairy, Open-Close: 11-13 Aug, Price Band: ₹133-140, Lot Size: 107 shares, Issue Size: ~₹1,553 Cr
• Shiprocket — Sector: E-commerce Logistics Tech, Open-Close: 12-14 Aug, Price Band: ₹92-97, Lot Size: 154 shares, Issue Size: ~₹1,618 Cr
• Ardee Industries — Sector: Metals/Battery Recycling, Open-Close: 5-7 Aug, Price Band: ₹50-53, Lot Size: —, Issue Size: ~₹426 Cr
Total from confirmed: ~₹10,600 crore
Zepto (Quick-Commerce Unicorn) 🔥:
• Issue Size: ~₹8,010 Cr fresh + OFS (total ~₹11,000-12,000 Cr)
• Valuation: $5-8 billion (estimates vary)
• Business: 350+ automated dark stores, sub-10-minute delivery
• Competitors: Blinkit, Swiggy Instamart
• Use of proceeds: Dark store expansion, cold-chain, AI inventory, tier-2 penetration
• Status: RHP filed, dates NOT confirmed. Don't trust unofficial "August listing" rumors.
Truhome Finance (Housing Finance):
• Issue Size: ₹3,000 Cr (₹1,500 fresh + ₹1,500 OFS)
• Backer: Warburg Pincus
• Business: Affordable housing finance, tier-2/3 cities, 150+ branches
• Use of proceeds: Tier-1 capital augmentation, credit expansion
Elevate Campuses (Student Housing):
• Issue Size: ₹2,550 Cr (100% fresh issue)
• Business: Purpose-built student accommodations, 94,758 beds across 20 hubs
• Partners: Manipal Academy of Higher Education (MAHE)
• Use of proceeds: Debt prepayment (~₹750 Cr), greenfield campuses, acquisitions
Innovatiview India (Exam Security):
• Issue Size: ₹2,000 Cr
• Business: B2B examination integrity — digital surveillance, biometric verification, signal jammers, AI identity checks
• Market position: Monopolistic leader in exam security
• Use of proceeds: Technology expansion, hardware purchase
13 IPOs listed in July. Results:
Winners (7 out of 10 tracked):
• Kusumgar — +43.87%
• Advit Jewels — +30.04%
• Caliber Mining — +24.58%
• Laser Power — +22.63%
Losers:
• Waterways Leisure Tourism — -17.31%
• Alpine Texworld — -5.00%
Win rate: 70% — July was good. But this is no guarantee for August.
1. Confirm From Official Sources:
• Check NSE/BSE circulars
• Verify dates in your broker app (Zerodha, Groww, Angel One)
• Read the company's RHP (Red Herring Prospectus)
• Don't use: Aggregator sites, WhatsApp forwards, "IPO gyan" Telegram channels
2. Read The Financials — Not Just The Buzz:
• Revenue growth: Consistent growth over the last 3 years?
• Profitability: Is it making a profit or a loss? A loss is acceptable if the path to profit is clear
• Debt levels: High debt = risk
• Use of IPO proceeds: Fresh issue (money goes to the company) vs OFS (existing investors exit) — fresh issue is better
3. GMP (Grey Market Premium) — It's A Trap:
• GMP is an unofficial, unregulated indicator
• A double-digit GMP can turn negative on listing day
• GMP = short-term sentiment, NOT fundamentals
• Rule: Look at GMP as one data point, don't make it the basis of your decision
4. Minimum Investment And Lot Size:
• Mainboard IPOs: ₹9,000-15,000 per application (approximately)
• SME IPOs: ₹1,00,000 minimum (SEBI mandated)
• Check the application amount in your broker
5. Investor Category And Quota:
• Retail quota: usually ~35% of net offer
• QIB (Qualified Institutional Buyers): ~50%
• NII (Non-Institutional Investors): ~15%
• Allotment in the retail category is lottery-based (if oversubscribed)
The sectors in August are diverse:
• Manufacturing (Technocraft, Ardee)
• Auto Components (Dhoot Transmission)
• Healthcare (Molbio)
• FMCG/Dairy (Milky Mist)
• Logistics Tech (Shiprocket)
• Quick Commerce (Zepto)
• Housing Finance (Truhome)
• Student Housing (Elevate Campuses)
• Exam Security (Innovatiview)
Strategy: Don't put everything into IPOs from a single sector. Diversify — spread your applications across 2-3 different sectors.
Keep these seven points in mind:
• Platform — Mainboard: NSE/BSE main, SME: BSE SME / NSE Emerge
• Compliance — Mainboard: Higher, SME: Lighter
• Min investment — Mainboard: ~₹14,000-15,000, SME: ₹1,00,000
• Allotment — Mainboard: Lottery-based, SME: Proportionate
• Liquidity — Mainboard: High, SME: Low
• Volatility — Mainboard: Moderate, SME: High
• Risk — Mainboard: Moderate, SME: High
TRT Recommendation: Mainboard IPOs are better for beginners — lower minimum investment, better liquidity, higher compliance standards.
Shiprocket (Logistics Tech):
• Bull case: D2C boom, 2.5L+ active sellers, 70M+ shipments/year, Zomato + Temasek backing
• Bear case: Tight margins, competition from Delhivery, acquisition integration risk
• TRT view: Interesting tech IPO but pricing is key — wait for the price band and subscription numbers
Dhoot Transmission (Auto Components):
• Bull case: Auto sector recovery, EV component capabilities, export growth
• Bear case: Auto cyclicality, raw material cost risk
• TRT view: Solid manufacturing play if the auto cycle is up
Molbio Diagnostics (Healthcare):
• Bull case: Diagnostic market growth, Tier-2/3 penetration, technology-led
• Bear case: Regulatory risk, competition from Dr Lal, Thyrocare
• TRT view: Healthcare defensive — good diversification
Milky Mist Dairy (FMCG):
• Bull case: Dairy market stable, brand recognition, rural-urban connect
• Bear case: Margins thin, competition from Amul, Mother Dairy
• TRT view: FMCG stable but low margin — long-term hold perspective
Zepto (Quick Commerce):
• Bull case: Market leader, dark store model, sub-10-min delivery, tier-2 expansion
• Bear case: Burn rate high, profitability questionable, Blinkit/Swiggy competition
• TRT view: High-risk high-reward — aggressive growth story, but the path to profitability is unclear
Keep these six points in mind:
• Deciding on GMP — Consequence: If GMP turns negative, you take a loss, Fix: Read the fundamentals
• Applying to every IPO — Consequence: Capital spread thin, fewer allotments, Fix: Apply selectively
• Thinking SME IPOs are "cheap" — Consequence: ₹1L minimum, low liquidity, Fix: Beginners should avoid SME
• Holding on listing day — Consequence: Profit evaporates, Fix: Sell 50% on listing, hold 50%
• Taking a loan to apply for an IPO — Consequence: Interest > listing gain, Fix: Use only spare capital
• Applying to an OFS-heavy IPO — Consequence: The money isn't going to the company, Fix: Prefer fresh issues
Q: How many IPOs can I apply to at once? A: As many as you like, but capital is limited. Select 3-4 good IPOs and spread your applications. Don't over-commit.
Q: When will Zepto list? A: Official dates have not been announced. The RHP has been filed but the price band and dates are pending. Track SEBI/exchange filings.
Q: What if I take a loss on an IPO? A: An IPO can list below the issue price. Keep a rule of selling 50% on listing. Hold the rest if the fundamentals are strong.
Q: Is applying for an IPO through UPI safe? A: Yes, a UPI-based IPO application (ASBA) is completely safe. The money is blocked, and if you are not allotted shares it is unblocked. No risk.
Q: Where can I read IPO reviews? A: Read the RHP (the company's website or SEBI). Look at broker research reports. Read educational content on TRT. Avoid tip channels.
The Retail Trader — Educational market analysis. Not investment advice. IPO investing carries risk — read the official filings, do your own research, consult a SEBI registered advisor.
This article is educational only — it contains no buy or sell recommendation, no claim of guaranteed returns, and no advisory. Rules, rates and mechanics are changed from time to time by the exchanges, SEBI and the RBI, so verify every number yourself with your broker or the official source.