India’s primary markets will witness six IPOs next week, including mainboard and SME listings. Grey Market Premiums (GMPs) suggest strong investor appetite for Vikram Solar, Patel Retail, and Gem Aromatics, highlighting renewed market confidence in renewable energy, retail, and industrial stocks.
India is set for an active IPO week starting August 18 with six companies entering the primary markets. Investors are closely monitoring Grey Market Premiums (GMPs) to gauge listing expectations.
Vikram Solar IPO:
Vikram Solar– The renewable energy company will open its IPO from August 19–21 with a price band of ₹315–₹332. GMP indicates a strong premium of 18%, estimating a listing price around ₹392–₹393. The IPO is seen as a key opportunity for investors targeting India’s solar energy sector.
Patel Retail IPO:
Patel Retail– Scheduled from August 19–21 with a price band of ₹237–₹255, Patel Retail shares have a 14% GMP, suggesting a listing near ₹290. The retail sector remains an attractive avenue as consumption rebounds in urban and semi-urban India.
Gem Aromatics IPO:
Gem Aromatics– Opening August 19–21 at a price band of ₹309–₹325, the chemical and fragrance manufacturer commands a 13% GMP, projecting a listing around ₹365–₹366.
Also Read: Five Promising IPOs Signal Bright Future for Indian Capital Markets
Shreeji Shipping Global IPO:
Shreeji Shipping Global– Scheduled August 19–21 with a price band of ₹240–₹252, Shreeji Shipping shows a 10% GMP, estimating a listing at ₹278. The logistics sector continues to attract investor attention amid growing trade volumes.
Mangal Electrical Industries IPO:
Mangal Electrical– The industrial electrical company will open August 20–22 at a price band of ₹533–₹561. No significant GMP has been reported, indicating a flat listing expectation.
Studio LSD SME IPO:
Studio LSD– Opening August 18–20 with a price band of ₹51–₹54, the SME IPO is expected to list flat, offering a measured entry point for small-scale investors.
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