Source: aajtak
The IPO market is experiencing a boom similar to last year, with a steady stream of company issues entering the market. Some have brought significant returns to investors, while others have not. Next week, five major companies will launch their IPOs, aiming to collectively garner over ₹3584 crore, providing abundance of earning opportunities for investors. Pre-opening, these IPOs are already stirring interest in the grey market.
Source: aajtak
The excitement begins on August 19
Five companies, including Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global, and Mangal Electrical, are opening for subscription next week. They plan to raise a total of ₹3,584.09 crore, with four IPOs opening on August 19 and remaining available for subscription until August 21, 2025.
Source: aajtak
First IPO: Patel Retail
Patel Retail's IPO is the first in line, opening on August 19 until August 21. It has a size of ₹242.76 crore, with fresh issue shares worth ₹217.21 crore and offer-for-sale shares worth ₹25.55 crore. The price band is set at ₹237-₹255 per share. Allocation might occur on August 22, with listing on BSE-NSE anticipated on August 26. Its GMP stood at ₹34 or 13.33% at the time of writing.
Source: aajtak
Second IPO: Vikram Solar
The most significant IPO opening next week is Vikram Solar, planning to raise ₹2,079.37 crore. This issue opens on August 19 and closes on August 21, featuring ₹1,500 crore worth of fresh issue shares and ₹579.37 crore via OFS. The price range is ₹315-₹332 per share, with proposed listing on August 26. GMP is ₹66, 19.88% higher than the upper price band.
Source: aajtak
Third IPO: Gem Aromatics
The third IPO, Gem Aromatics, has a size of ₹451.25 crore, opening on August 19 and closing on August 21. It offers ₹175 crore worth of fresh shares and ₹276.25 crore via OFS. The price band is ₹309-₹325 per share, with a potential listing on BSE and NSE on August 26. GMP stands at ₹38 or 11.69%.
Source: aajtak
Fourth IPO: Shreeji Shipping Global
Shreeji Shipping Global's IPO, next in line, plans to raise ₹410 crore by issuing 1.63 crore new shares, with a price band of ₹240-₹252 per share. Investors can subscribe from August 19 to August 21, with listing on August 26. The lot size is 58 shares, and GMP is ₹29 or 11.51% pre-opening.
Source: aajtak
Fifth IPO: Mangal Electrical
Included among these five, Mangal Electrical plans to raise ₹400 crore, with its IPO opening on August 20, available for subscription until August 22. It will issue 71.30 lakh new shares with a price band of ₹533-₹561 per share. Allocation could happen on August 25, with market listing on August 28. Currently, it has a zero GMP.
