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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The Best Competitor to Polycab: A Stock to Watch in the Electrical Equipment Sector

 

As the demand for electrical equipment continues to rise in India, investors are keen to identify strong contenders in the market. While Polycab has established itself as a leading player, several competitors are also making significant strides. One standout competitor is HPL Electric & Power Limited (HPL), which presents a compelling investment opportunity.

Overview of HPL Electric & Power Limited

HPL Electric & Power Limited has been a prominent name in the Indian electrical industry for over 40 years. With a diverse portfolio that includes metering solutions, switchgears, LED lighting, wires and cables, and solar solutions, HPL caters to a broad spectrum of customers, including power utilities, government agencies, and retail clients.

Key Strengths of HPL

Established Brand: HPL has a strong brand recall, recognized for its quality and reliability in electrical equipment.


Market Leader in Metering Solutions: HPL held the largest market share in electronic energy meters in India as of fiscal 2015, showcasing its dominance in this crucial segment.

Extensive Distribution Network: The company has over 90 branch offices and 21 warehouses across India, ensuring wide reach and efficient logistics.

Global Presence: HPL exports to more than 42 countries, expanding its footprint beyond the Indian market.

Financial Performance

HPL’s financial metrics further bolster its position as a strong competitor to Polycab:

Market Capitalization: ₹3,633 Crores

Current Stock Price: ₹565

High/Low Price: ₹694 / ₹179

Stock P/E Ratio: 67.7

Book Value: ₹129

Dividend Yield: 0.18%

Return on Capital Employed (ROCE): 11.1%

Return on Equity (ROE): 5.45%

Market Trends and Growth Opportunities

Surge in Renewable Energy

As India shifts towards renewable energy and sustainable practices, the demand for electrical solutions is expected to grow. HPL’s focus on solar solutions and energy-efficient products aligns perfectly with this trend, positioning it well for future growth.

Government Initiatives

The Indian government’s initiatives to boost infrastructure development and electrification present significant opportunities for companies like HPL. The push for smart cities and improved electrical infrastructure will likely lead to increased demand for their products.


Innovation and Product Diversification

HPL's commitment to R&D, with over 100 engineers dedicated to innovation, ensures that the company remains at the forefront of technology in the electrical sector. This focus on developing new and improved products will enable HPL to cater to evolving market demands.

Conclusion

While Polycab is a dominant player in the electrical equipment market, HPL Electric & Power Limited emerges as a formidable competitor. With a rich history, diverse product offerings, and a commitment to innovation, HPL presents an attractive investment opportunity for those looking to capitalize on the growing demand for electrical solutions in India.


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