Upcoming IPOs: Milky Mist Dairy Food, Dhoot Transmission, Molbio Diagnostics & 5 Others Set to Open Next Week; 8 Listings Scheduled

The Indian primary market is gearing up for a busy week ahead. Multiple mainboard and SME issues are scheduled to open for subscription between August 10 and 14, 2026, while several companies are expected to make their stock market debut. Here is a complete look at the key IPOs opening next week and the listings lined up. Mainboard IPOs Opening Next Week 1. Dhoot Transmission The largest issue of the week, Dhoot Transmission aims to raise approximately ₹3,067 crore. The price band is set at ₹829–871 per share. Bidding opens on August 10 and closes on August 12. The issue includes a fresh component of ₹1,400 crore and an offer for sale of about ₹1,667 crore. Minimum lot size is 17 shares (around ₹14,807 at the upper end). Listing is tentatively scheduled for August 17. 2. Molbio Diagnostics Molbio Diagnostics will open on August 10 and close on August 12. The issue size is around ₹940 crore (₹200 crore fresh issue + ₹740 crore OFS). Price band: ₹768–807. Lot size is 18 shares (mi...
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A Promising Multibagger for 2024

 As investors seek the ultimate multibagger stocks for 2024, Elecon Engineering Company Ltd. stands out as a compelling option. Specializing in industrial geared motors, reducers, and material handling equipment, Elecon is one of Asia's largest manufacturers in this sector. The company has demonstrated impressive growth, with a revenue increase of 8.96% annually over the past five years, significantly outperforming the industry average of just 0.15%.

Since its incorporation in 1960, Elecon has steadily expanded its market share, growing from 1.99% to 3.31%. With a current market capitalization of ₹15,603 crore and a share price of ₹695, the stock is positioned for further growth. It has experienced a high of ₹717 and a low of ₹357 in recent times, showcasing its volatility and potential for substantial returns.

The company's financial metrics further enhance its appeal: a Price-to-Earnings ratio of 43.8, a Book Value of ₹71.5, and a dividend yield of 0.22%. Moreover, Elecon boasts strong returns on capital employed (ROCE) at 31.3% and return on equity (ROE) at 24.5%.

Investors looking to delve into a robust multibagger opportunity should consider Elecon Engineering, given its solid fundamentals, market positioning, and growth trajectory.

Financial Overview

Market Capitalization: ₹15,603 Cr.

Current Price: ₹695

High/Low: ₹717 / ₹357

Stock P/E: 43.8

Book Value: ₹71.5

Dividend Yield: 0.22%

ROCE: 31.3%

ROE: 24.5%

Face Value: ₹1.00

Investment Potential

Elecon's robust financial metrics indicate strong profitability and efficient capital use, with a commendable ROCE of 31.3% and ROE of 24.5%. Despite its higher P/E ratio, the company's growth trajectory and market positioning make it a promising candidate for investors seeking long-term gains.

With a strategic focus on expanding its market share and innovating in its product offerings, Elecon Engineering is well-poised to capitalize on industry trends. Investors looking for a solid addition to their portfolio should consider Elecon for its potential to deliver substantial returns in the coming years.

Conclusion

As the market for electrical products expands, Elin Electricals could deliver significant returns for investors. Careful monitoring of market trends and company developments will be essential for those considering an investment in this stock. Overall, Elin Electricals appears to be a promising addition for long-term growth-oriented portfolios.

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