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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Power Finance Corporation (PFC): Incorporation of Fatehgarh II and Barmer I PS Transmission Limited

 


Power Finance Corporation (PFC), a Maharatna public sector undertaking under the Ministry of Power, continues its strategic focus on enhancing India’s power infrastructure. Recently, PFC informed about the incorporation of Fatehgarh II And Barmer I PS Transmission Limited, a wholly owned subsidiary of PFC Consulting Limited, which itself is a wholly owned subsidiary of PFC.

This development is a significant step in the company’s efforts to strengthen transmission networks, supporting renewable energy integration and overall grid stability across the country.

Understanding the New Subsidiary’s Role

Fatehgarh II And Barmer I PS Transmission Limited has been set up as a Special Purpose Vehicle (SPV) to implement inter-state transmission system (ISTS) projects. The transmission lines will enable efficient evacuation of renewable energy from solar and wind energy zones in Rajasthan, ensuring reliable power supply to the grid.

This move aligns with the government’s agenda to boost green energy infrastructure and transition toward a more sustainable energy ecosystem. With Rajasthan being a hub for renewable energy production, such projects will not only enhance grid capacity but also ensure better energy distribution across regions.

Key Financial Highlights of PFC

PFC remains a robust financial entity in the Indian power sector, reflected by its impressive market performance:

  • Market Cap: ₹1,45,897 Cr.
  • Current Price: ₹442
  • 52-Week High/Low: ₹580 / ₹352
  • Stock P/E: 6.92 (significantly below the industry average, indicating potential value for investors).
  • Book Value: ₹333
  • Dividend Yield: 3.00% (highlighting its attractiveness for income investors).
  • Return on Capital Employed (ROCE): 9.85%
  • Return on Equity (ROE): 21.3%

The financial strength of PFC underscores its ability to undertake and execute large-scale projects such as the Fatehgarh-Barmer transmission network.

Strategic Importance for PFC

  1. Boosting Renewable Energy Transmission: The incorporation of the new subsidiary is in line with India’s renewable energy goals. It supports the seamless integration of renewable energy into the national grid, reducing reliance on fossil fuels.
  2. Strengthening Leadership in Power Finance: PFC continues to play a critical role as a key financer and developer in India’s power sector, especially in renewable energy and transmission infrastructure.
  3. Enhanced Value for Shareholders: With its stable dividend yield and consistent financial performance, the company ensures long-term value creation for its investors.

Investor Perspective

PFC’s incorporation of Fatehgarh II And Barmer I PS Transmission Limited adds to its portfolio of strategic investments in India’s power sector. Given its undervalued stock price (P/E of 6.92) and strong dividend yield, it presents an attractive opportunity for both growth and income-focused investors.

Additionally, its role in facilitating India’s energy transition further strengthens its position as a key player in the sector, making it a valuable addition to any portfolio aligned with ESG (Environmental, Social, and Governance) principles.

Conclusion

The establishment of Fatehgarh II And Barmer I PS Transmission Limited reaffirms PFC’s commitment to driving India’s power sector growth while aligning with national renewable energy goals. Backed by strong financials and strategic foresight, PFC is well-positioned to capitalize on future opportunities in the evolving energy landscape. For investors, the company offers a combination of stability, value, and growth potential in an increasingly sustainable energy economy.

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