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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Action Construction Equipment Secures ₹697.35 Crore Defense Contract: 1,868 Rough Terrain Forklifts for Armed Forces

 

The Ministry of Defence has signed contracts worth ₹697.35 crore with Action Construction Equipment Ltd (ACE) and JCB India Ltd to procure 1,868 Rough Terrain Fork Lift Trucks (RTFLTs) for the Indian Armed Forces. This development marks a significant milestone in strengthening the logistical and operational capabilities of the defense forces.

Strengthening Defense Logistics

The Rough Terrain Fork Lift Trucks are designed to operate in challenging environments and handle a wide variety of logistical tasks, including lifting and moving heavy loads in off-road conditions. These vehicles will enhance the mobility, efficiency, and logistical infrastructure of the armed forces, particularly in remote and rugged terrains.

With this procurement, ACE Ltd continues to solidify its reputation as a trusted partner of the Indian government in meeting the needs of the defense sector. The company, which specializes in cranes, forklifts, and other construction equipment, has a proven track record of delivering high-quality, reliable machinery.

A Closer Look at ACE Ltd

Action Construction Equipment Ltd, a leading construction equipment manufacturer in India, is known for its robust product portfolio catering to industries such as construction, agriculture, and defense. Here’s an overview of the company’s financials:

  • Market Capitalization: ₹14,800 Cr
  • Current Price: ₹1,245
  • 52-Week High/Low: ₹1,695 / ₹1,044
  • Stock P/E: 38.0
  • Book Value: ₹116
  • Dividend Yield: 0.16%
  • ROCE: 42.3%
  • ROE: 30.6%
  • Face Value: ₹2.00

The company's strong Return on Capital Employed (ROCE) of 42.3% and Return on Equity (ROE) of 30.6% reflect its efficient utilization of resources and profitability. Despite a modest dividend yield of 0.16%, ACE has maintained steady growth, driven by its strategic focus on innovation and diversification.

Key Implications of the Contract

  1. Boost to Revenue: The ₹697.35 crore contract will provide a significant boost to ACE’s revenue, potentially strengthening its position in the defense sector.
  2. Market Confidence: This deal underscores the government's confidence in ACE’s capabilities, which could positively impact investor sentiment and stock performance.
  3. Innovation and Growth: The production of advanced RTFLTs highlights ACE's commitment to innovation and its ability to meet the specialized requirements of the armed forces.

Challenges and Opportunities

While the contract is a major win for ACE, it also comes with challenges such as meeting stringent quality standards and ensuring timely delivery. However, it also opens up new opportunities for the company to expand its presence in the defense sector and explore export potential in international markets.

Conclusion

Action Construction Equipment Ltd’s partnership with the Ministry of Defence is a testament to its growing stature as a leading equipment manufacturer in India. By contributing to the modernization of the Indian Armed Forces, ACE is not only enhancing its business prospects but also playing a crucial role in strengthening the nation’s defense capabilities. As the company continues to innovate and expand, it remains a stock to watch for investors looking to capitalize on India’s infrastructure and defense growth story.

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