ETMarkets.com Rs 3,300 crore IPO week: Symbiotec, Skyways Air to lead 10-offer rush for investors Synopsis India's IPO market is set for a busy week, with 10 companies, including Symbiotec Pharmalab, Skyways Air Services, Hy-Tech Engineers and Lumino Industries, looking to raise over Rs 3,300 crore.
Mainboard IPOs will be accompanied by five SME issues, while grey market premiums point to strong investor interest in several upcoming offerings.
By Akash Podishetti, ETMarkets.com Last Updated: Aug 23, 2026, 01:41:00 PM IST Follow us India's IPO market is set for another busy week, with 10 companies looking to raise over Rs 3,300 crore between August 24 and August 31.
The mainboard line-up includes Skyways Air Services, Hy-Tech Engineers, Symbiotec Pharmalab, Annu Projects and Lumino Industries.
The companies span logistics, engineering, pharmaceuticals, infrastructure EPC and power transmission equipment, giving investors a broad set of businesses to choose from.ADVERTISEMENT Symbiotec Pharmalab IPOThe largest issue of the week is Symbiotec Pharmalab, which will open for subscription on August 24 and close on August 27.
The company plans to raise Rs 1,757 crore through a fresh issue of Rs 150 crore and an offer for sale of Rs 1,607 crore.
The price band has been fixed at Rs 938-988 per share.
Symbiotec is a pharmaceutical and biotechnology company focused on active pharmaceutical ingredients, nutritional ingredients and specialty products.
The company has a strong position in corticosteroid and steroidal hormone APIs and serves domestic as well as international markets.
Its shares are commanding a grey market premium of 42%, according to market trackers.
Skyways Air Services IPOSkyways Air Services will also open on August 24 and close on August 27.
The logistics and freight forwarding company plans to raise Rs 582.80 crore through a fresh issue of Rs 398.80 crore and an offer for sale of Rs 184 crore.
The price band has been set at Rs 131-138 per share.The company has over four decades of experience in air freight forwarding and logistics.
It offers air and ocean freight forwarding, trucking, warehousing, customs broking and technology-led express cargo services.
The company plans to raise Rs 135.73 crore at a price band of Rs 50-53 per share.
The issue includes a fresh issue of Rs 60 crore and an offer for sale of Rs 75.73 crore.ADVERTISEMENT ADVERTISEMENT Hy-Tech makes hydraulic fittings used in industries such as construction machinery, automobiles, farm equipment, injection moulding machines and hydraulic systems.
The company’s IPO is drawing strong interest in the grey market, with a GMP of 51%, the highest among the mainboard issues listed for the week.Annu Projects IPOADVERTISEMENT Annu Projects will open its Rs 175 crore IPO on August 25 and close on August 28.
The issue is entirely fresh.
The price band has been fixed at Rs 94-99 per share.The company is an engineering, procurement and construction player working in telecom infrastructure, sewerage infrastructure and gas pipeline projects.
As of June 30, 2026, it had 23 ongoing projects worth Rs 1,959.35 crore, including telecom, sewerage, gas pipeline and railway signalling projects.ADVERTISEMENT Lumino Industries IPOLumino Industries will open its Rs 700 crore IPO on August 27 and close on August 31.
The issue includes a fresh issue of Rs 500 crore and an offer for sale of Rs 200 crore.
The price band has been fixed at Rs 78-82 per share.Lumino is an EPC and manufacturing company focused on power transmission and distribution.
It makes conductors, power cables, electrical wires and specialised products for the power sector.
It also executes transmission, distribution, railway electrification, solar power and water management projects.Among the mainboard IPOs, Hy-Tech Engineers, Symbiotec Pharmalab and Skyways Air are seeing the strongest grey market interest so far.
Hy-Tech Engineers is quoting at a 51% GMP, followed by Symbiotec Pharmalab at 42% and Skyways Air at 27%.
GMPs are unofficial indicators and can change quickly before listing.SME segmentThe week also has activity in the SME segment.
ABH Healthcare and Madhur Knit Crafts will open on August 24, while Sumax Engineering and Kwick Forensic Solutions will open on August 25 and August 27, respectively.
Complete Sports & Management India is scheduled to open on August 28.Among SME issues, Kwick Forensic Solutions has the highest GMP at 57%, followed by Sumax Engineering at 32%.
These premiums suggest strong listing expectations, though SME IPOs generally carry higher liquidity and execution risks than mainboard issues.
The IPO rush comes after a strong run in the primary market, where investors have continued to chase new listings despite volatility in the secondary market.
