Overview:

• Lalithaa Jewellery Mart could lead investor interest amid financial growth and anchor participation.

• Shankesh Jewellers and Sunshine Pictures may attract strong retail participation throughout this week.

• Gaja and Skyways offer specialized plays across asset management and logistics sectors.

India’s primary market is set for a busy week, with five IPOs across jewellery, entertainment, asset management and logistics competing for investor attention. Lalithaa Jewellery Mart opened for subscription on Monday, while Shankesh Jewellers and Sunshine Pictures will open on Tuesday. Gaja Alternative Asset Management follows on Wednesday. Skyways Air Services, meanwhile, will open next week but is already attracting attention ahead of its issue.

Here is what investors can expect from these IPOs in the coming days.

Lalithaa Jewellery Mart IPO: Strongest Early Interest

Lalithaa Jewellery Mart’s Rs. 1,700-crore IPO opened on August 17 and will close on August 19. The price band has been fixed at Rs. 190-Rs. 201 per share. The issue has already received attention from anchor investors, who committed Rs. 508 crore before the public offering. Grey-market indications have also pointed towards a premium, although GMP remains an unofficial indicator.

The company’s financial performance is another factor investors will watch. With strong revenue and profit growth, Lalithaa enters the market with a sizable retail jewelry business.

This week: Among the five, Lalithaa appears to have the strongest chance of attracting sustained subscription interest. If demand remains firm through the final day, the stock could see a positive listing. However, the large issue size may keep listing gains in check.

Shankesh Jewellers: Jewellery Theme Could Help

Shankesh Jewellers will open its Rs. 367.18-crore IPO on August 18 and close on August 20. The company has set the price band at Rs. 88-Rs. 93 per share, valuing it at about Rs. 1,367 crore at the upper end. It is a Mumbai-based jewelry wholesaler that provides investors with exposure to the B2B side of the jewelry business.

The issue comes at a time when jewelry stocks are attracting attention, but Shankesh will need to demonstrate that its growth can justify its valuation.

This week: The IPO could see decent demand, particularly from investors seeking a smaller jewelry play. Early grey-market signals have indicated a modest premium, suggesting expectations of a positive listing rather than a major pop on listing.

Sunshine Pictures: A Different Kind of IPO

Sunshine Pictures will also open on August 18, with its Rs. 282-crore issue closing on August 20. The price band has been fixed at Rs. 342-Rs. 360 per share. The company, led by filmmaker Vipul Shah, operates in film production and has been associated with movies including The Kerala Story.

Unlike the jewelry companies, Sunshine Pictures offers investors exposure to India’s entertainment industry. But film production is inherently dependent on the performance of individual projects.

This week: Investor interest could be high due to the company’s recognizable film portfolio. However, its business carries greater project-related uncertainty, which could make subscription and listing performance more volatile.

Gaja Alternative Asset Management: Institutional Story

Gaja Alternative Asset Management will open its Rs. 550-crore IPO on August 19 and close on August 21. The price band is Rs. 152-Rs. 160 per share. The company operates in India’s alternative investment management space and is associated with the Gaja Capital platform.

Its business provides investors with exposure to an expanding segment of India’s financial services industry.

This week: Gaja could attract institutional and financially sophisticated investors, although its current grey-market signal is less encouraging than some of the other issues.

Also Read: Anthropic's IPO: A $200 Billion Revenue Bet

Skyways Air Services: One to Watch Ahead of August 24

Skyways Air Services is not opening this week. Its Rs. 582.8-crore IPO is scheduled for August 24-27, with a price band of Rs. 131-Rs. 138. The company operates in air freight forwarding and logistics, making it a play on India’s expanding supply-chain and logistics sector.

This week: Investors are likely to track Skyways ahead of its launch. Early grey-market indications have been positive, but these can change quickly and should not be treated as a guarantee of listing gains.

Also Read: Dhoot Transmission IPO Review: Is It Worth the 45x Earnings Valuation?

What Investors Should Watch?

The week is likely to be led by Lalithaa Jewellery Mart, with Shankesh Jewellers also benefiting from the strong jewelry-sector narrative. Sunshine Pictures could attract retail attention, while Gaja offers a more specialized financial-services story. Skyways, meanwhile, is the IPO to keep on the radar ahead of next week’s opening.

For investors, subscription trends, valuations and company fundamentals will matter more than grey-market premiums. A strong GMP can indicate sentiment, but it does not guarantee listing gains or long-term performance.

FAQs

1. Which IPOs are investors watching this week?

Lalithaa Jewellery, Shankesh Jewellers, Sunshine Pictures and Gaja are opening this week, while Skyways follows next week.

2. Which IPO could attract maximum investor interest?

Lalithaa Jewellery Mart could attract strong demand because of its financial growth, anchor participation and established jewellery retail presence.

3. When will Skyways Air Services IPO open?

Skyways Air Services IPO is scheduled to open on August 24 and close on August 27, 2026.

4. Are grey-market premiums reliable for IPO decisions?

No. Grey-market premiums indicate unofficial sentiment but can change quickly and should not be treated as guaranteed listing returns.

5. What should investors check before subscribing?

Investors should evaluate valuations, financial performance, subscription trends, business prospects, risks and broader market conditions before subscribing.