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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Is It Time to Sell NTPC? Analyzing Short-Term Risks Amid IPO Launch

 

As NTPC prepares to launch its NTPC Green Energy IPO, investors are weighing whether to hold or sell their shares in the company. Here are some critical factors to consider before making your decision.

1. Overvaluation Concerns

The estimated discounted cash flow (DCF) value for NTPC is ₹215.28 per share, while its current market price stands at ₹423.95. This indicates that the stock is overvalued by approximately 49%. Such a significant discrepancy raises red flags for short-term investors.

2. Risks Highlighted in IPO Filing

NTPC Green Energy has outlined potential risks in its IPO filing, particularly concerning import restrictions from China. As a major supplier of solar and wind equipment, any trade restrictions could adversely affect NTPC's business operations. The company imported ₹1,271 crore worth of equipment from China in FY24, making it vulnerable to supply chain disruptions.

3. Market Sentiment and Alternatives

While NTPC faces challenges, Tata Power presents an appealing alternative. Following a recent upgrade from Morgan Stanley, Tata Power's shares have surged to record highs. The company is undergoing a multi-year transformation, with 45% of its capital expenditure (capex) allocated to renewable energy projects from FY23 to FY27. This strategic shift is expected to enhance earnings stability and growth potential.

4. Future Earnings Outlook

Tata Power is projected to increase its share of core earnings from 40% to 90% over the same period. Analysts note a strong 14% compounded annual growth rate (CAGR) in profit after tax (PAT) for FY24-27, indicating a robust earnings trajectory.

Conclusion: What Should Investors Do?

Given the overvaluation of NTPC shares and the potential risks highlighted in its IPO filing, short-term investors may want to consider selling their NTPC holdings. Instead, reallocating funds to Tata Power, which is positioned for substantial growth and lower earnings volatility, could be a more strategic move.

As always, investors should assess their risk tolerance and investment goals before making any decisions. Stay informed and choose wisely!

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