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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Welspun Corp Bags ₹1,600 Crore Export Orders: Order Book Swells to ₹18,000 Crore Amid Global Demand Surge

 

Welspun Corp Ltd, a global leader in large-diameter steel pipe manufacturing, has secured fresh export orders worth ₹1,600 crore since June 2025, propelling its consolidated global order book to an impressive ₹18,000 crore. This announcement, made on September 26, 2025, highlights the company's robust execution capabilities and strengthens its position in the Oil & Gas sector. The new contracts, primarily for coated LSAW line pipes and bends from a prestigious Middle East client, will be fulfilled from its Indian facility, ensuring business continuity across India and the US operations.

Decoding the Order Book Milestone

The ₹1,600 crore influx includes repeat export deals for critical offshore projects in the Middle East, underscoring Welspun's reputation for high-quality, anti-corrosion coated pipes essential for energy infrastructure. With execution slated for FY26 and FY27, these orders provide revenue visibility for the next two years. Welspun's global order book now offers a healthy mix of domestic and international exposure, mitigating risks from regional volatility.

Founded in 1995, Welspun specializes in carbon steel line pipes, ductile iron pipes, and allied products, serving giants like Saudi Aramco and US pipelines. The company's FY25 EBITDA margins improved to 15% from 12%, driven by operational efficiencies and a 40% earnings surge to ₹526 crore. This latest win reinforces its strategy of backward integration and export-led growth, with the Middle East accounting for a significant share of its pipeline.

Strategic Edge in a Competitive Landscape

In an era of energy transition, demand for reliable pipeline infrastructure remains buoyant. Welspun's Indian facility, equipped for large-diameter pipes up to 60 inches, positions it as a key supplier for LNG and offshore developments. The orders align with global trends: Middle East's Vision 2030 investments and US shale boom. Analysts note that Welspun's order book, valued at ₹18,000 crore, ensures 2-3 years of visibility, buffering against steel price fluctuations.

The stock rose 6% to a record high post-announcement, reflecting optimism. With a market cap of ₹10,000 crore, Welspun's focus on sustainability—via low-carbon steel and recycling—appeals to ESG investors. Challenges like raw material volatility persist, but its diversified portfolio (exports 60%) offers resilience.

Powering Global Energy: Welspun's Road Ahead

This deal cements Welspun's role in the $100 billion global pipe market, projected to grow 5% annually. As India pushes for energy self-sufficiency, Welspun's exports not only boost forex but also enhance 'Make in India'. Future expansions into hydrogen-ready pipes could unlock new avenues. For stakeholders, it's a testament to strategic execution in a dynamic sector.

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