India’s stock market is set for a dynamic day on 18 August, with fresh IPO subscriptions, a high-profile Paytm block deal, and government-backed electronics manufacturing approvals creating waves among investors.
India’s equity market is set for a busy session on Tuesday, 18 August, with investors watching a mix of new issues, fundraising plans, policy-driven approvals and company-specific announcements. According to Zee Business, the day’s main themes include two fresh initial public offerings, a potential block sale in Paytm, and a cluster of stocks tied to the government’s latest electronics manufacturing incentives.
The primary market will draw early attention as Sunshine Pictures and Shankesh Jewellers open their IPOs for subscription. Sunshine Pictures has set a price band of Rs 342-Rs 360 a share for a Rs 282 crore issue, while Shankesh Jewellers has priced its offer at Rs 88-Rs 93 a share for a Rs 367 crore deal. Market watchers will be looking for demand at the top end of the range, especially as earlier small-cap offerings in India’s retail-heavy market have often seen sharp interest, with Motisons Jewellers drawing heavy subscription in December 2023 and Bondada Engineering also attracting strong bids on its opening days, according to Moneycontrol and Mint. Zee Business said Sunshine Pictures has already raised anchor money, while Shankesh Jewellers also secured pre-offer backing from institutional investors.
Paytm is likely to remain in focus after reports of a proposed block deal worth about Rs 4,895 crore. Zee Business said Resilient Asset Management, which is controlled by Paytm founder and chief executive Vijay Shekhar Sharma, is looking to sell as much as 4.98% of the company, with a floor price of Rs 1,535.10 a share. Investors will also be watching Wipro, Syrma SGS, PCBL Chemical and Jyoti CNC Automation after the government approved 31 applications under the Electronics Components Manufacturing Scheme. The approvals cover investments of roughly Rs 7,877 crore across 10 states, including Rs 1,401 crore for Wipro Global Engineering, Rs 60 crore for Syrma SGS, Rs 329 crore for PCBL Chemical and Rs 1,021 crore for Jyoti CNC, according to Zee Business.
Other names on the day’s watch list include Aegis Logistics, which is reportedly in advanced talks to buy UAE-based Tristar, and Netweb Technologies, which has opened a qualified institutional placement to raise up to Rs 1,200 crore. SPR Auto Technologies has also launched a QIP, while Ceigall India said a Delhi public works tender worth about Rs 331 crore has been cancelled. In the consumer space, United Breweries and Associated Alcohols & Breweries may react to reports that the food safety regulator has allowed conditional sale of existing stock within 90 days, subject to disclosure rules. Bharti Airtel will also be watched after Airtel Payments Bank announced that Shabnam Sinha will become chairperson from 1 October 2026, replacing Sunil Bharti Mittal, who will step down at the end of September.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
