Next week is set to be a busy one in the primary market, with five companies opening their initial public offerings (IPOs) for subscription. These include Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global, and Mangal Electrical. Collectively, the firms aim to raise ₹3,584.09 crore from investors. Most of these IPOs will be available for bidding between August 19 and August 21, 2025.
Patel Retail IPO
Patel Retail plans to raise ₹242.76 crore through its IPO, which comprises a fresh issue of 0.85 crore shares worth ₹217.21 crore and an offer for sale of 10 lakh shares worth ₹25.55 crore. The price band is set between ₹237 and ₹255 per share. Subscriptions will be accepted from August 19 to August 21, with allotments scheduled for August 22 and listing on August 26 on both the BSE and NSE. The retail minimum lot size is 58 shares, requiring an investment of ₹13,746. The last reported grey market premium (GMP) was ₹34, indicating a potential listing price of ₹289 and an expected gain of about 13.33% from the upper band.
Vikram Solar IPO
Vikram Solar’s IPO is the largest among the five, targeting ₹2,079.37 crore. It includes a fresh issue of 4.52 crore shares worth ₹1,500 crore and an offer for sale of 1.75 crore shares worth ₹579.37 crore. The price band has been fixed at ₹315 to ₹332 per share, with subscriptions open from August 19 to August 21. Retail investors can apply for a minimum lot of 45 shares worth ₹14,175. The latest GMP of ₹66 suggests a likely listing price of ₹398, implying a potential gain of 19.88%.
Gem Aromatics IPO
Gem Aromatics aims to raise ₹451.25 crore through a fresh issue of 54 lakh shares worth ₹175 crore and an offer for sale of 85 lakh shares worth ₹276.25 crore. Priced in the band of ₹309 to ₹325 per share, the IPO will run from August 19 to August 21. The minimum retail lot is 46 shares, costing ₹14,214. As of now, there is no available GMP for this offering.
Shreeji Shipping Global IPO
Shreeji Shipping Global plans a ₹410.71 crore IPO through a fresh issue of 1.63 crore shares. The price band is set at ₹240 to ₹252 per share, with subscriptions open between August 19 and August 21. Retail investors can apply for 58 shares costing ₹13,920. The last GMP stood at ₹29, suggesting a likely listing price of ₹281 and an estimated gain of 11.51%.
Mangal Electrical IPO
Mangal Electrical is targeting ₹400 crore via a fresh issue of 71 lakh shares. The price band is ₹533 to ₹561 per share. This IPO opens slightly later, on August 20, and will close on August 22, with allotments on August 25 and listing on August 28. Retail investors need to apply for at least 26 shares, costing ₹13,858. No GMP has been reported yet.
GMP Outlook
Based on available GMP data, Vikram Solar currently leads with an estimated 19.88% gain potential, followed by Patel Retail at 13.33% and Shreeji Shipping Global at 11.51%. However, market analysts caution that GMP is only an informal indicator of sentiment and should not be the sole factor in investment decisions. Investors are advised to consider fundamentals, financial stability, and long-term growth prospects before subscribing. Patel Retail IPO
