The upcoming week is shaping up to be eventful for the primary market, with multiple IPOs opening for bidding and several companies preparing for their market debuts. Investors are expected to closely watch these developments as firms from diverse sectors look to raise capital and establish a presence on the stock exchanges. In total, two IPOs are scheduled to open for subscription, while five companies are lined up to make their listing debut.
Among the IPOs, Vikran Engineering and Anlon Healthcare will open their issues for bidding on August 26. Both offerings have generated interest due to their respective sectoral presence and the scale of their issues. Alongside these, companies such as Patel Retail, Vikram Solar, Gem Aromatics, and Shreeji Shipping Global will be listing on August 26, while Mangal Electrical Industries will follow with its market debut on August 28, after finalising its allotment on August 25.
Vikran Engineering’s IPO will be one of the larger issues of the week, valued at Rs 772 crore. It consists of a fresh issue of 7.43 crore shares worth Rs 721 crore, along with an offer-for-sale of 0.53 crore shares worth Rs 51 crore. The subscription window will remain open between August 26 and August 29, with allotment finalisation on September 1. The shares are expected to be listed on both the BSE and NSE on September 3. The company has set a price band of Rs 92 to Rs 97 per share. For retail investors, the lot size is 148 shares, translating to a minimum investment of Rs 13,616. Small non-institutional investors (SNII) must invest in 14 lots (2,072 shares) worth Rs 2,00,984, while big non-institutional investors (bNII) need to bid for 70 lots (10,360 shares), amounting to Rs 10,04,920.
Anlon Healthcare’s IPO, on the other hand, is smaller in scale but still notable, with a total size of Rs 121.03 crore. This issue will be entirely a fresh issue, comprising 1.33 crore shares. The bidding will open on August 26 and close on August 29, with allotment expected on September 1 and listing on September 3 on the BSE and NSE. The company has fixed the price band between Rs 86 and Rs 91 per share. For retail investors, the minimum investment is Rs 14,104 for 164 shares. For sNII, the required lot size is 2,296 shares (14 lots), amounting to Rs 2,08,936, while bNII must invest in 68 lots (11,152 shares), equivalent to Rs 10,14,832.
On the listing front, four companies—Patel Retail, Vikram Solar, Gem Aromatics, and Shreeji Shipping Global—will enter the market on August 26. Following them, Mangal Electrical Industries will debut on August 28, after its allotment was finalised on August 25. The diversity of sectors represented by these companies adds to the market buzz, as investors will evaluate their fundamentals and listing-day performance.
The grey market premium (GMP), often considered an early indicator of investor sentiment, provides insight into potential listing gains. For Mangal Electrical Industries, the last reported GMP was Rs 23, against an issue price of Rs 561. This points to a possible listing price of Rs 584, reflecting a gain of about 4.10%. Patel Retail, with a GMP of Rs 48 on its issue price of Rs 255, may list at around Rs 303, giving investors a potential return of 18.82%. Vikram Solar’s GMP was Rs 39 on an issue price of Rs 332, implying a listing price of Rs 371 and gains of approximately 11.75%. Similarly, Gem Aromatics had a GMP of Rs 26 on its issue price of Rs 325, projecting a listing price of Rs 351 and a gain of 8%.
Overall, the week ahead is expected to generate strong participation from retail and institutional investors alike. With five companies listing and two IPOs opening, the momentum in the primary market will likely remain high, giving investors multiple opportunities to evaluate fresh issues and benefit from potential listing-day gains.
