Four IPOs Hit Market: Patel Retail Leads with Strong Demand, Others Show Mixed Performance

Four companies have opened their Initial Public Offerings (IPOs) for subscription, with Patel Retail emerging as the frontrunner in terms of investor interest. The other three companies - Vikram Solar, Gem Aromatics, and Shreeji Shipping Global - have shown mixed performance in both subscription rates and grey market premiums.

Patel Retail: Strong Demand and Premium

Patel Retail, a retail supermarket chain, has demonstrated robust demand with its IPO being oversubscribed 4.38 times. The company's grey market premium (GMP) stands at Rs 46.00, indicating an 18.04% premium over the upper price band.

Issue Details:

• Total issue size: Rs 242.76 crore
• Fresh shares: Rs 217.21 crore
• Offer-for-sale: Rs 25.55 crore
• Price band: Rs 237-255 per share

Vikram Solar: Significant Issue Size with Moderate Subscription

Vikram Solar, a leading solar panel manufacturer, has raised a substantial Rs 2,079.37 crore through its IPO.

Key Highlights:

• Subscription: 0.95 times
• Grey Market Premium: Rs 47.00
• Potential premium: 14.16%

Gem Aromatics: Modest Subscription with Premium Potential

Gem Aromatics, a manufacturer of essential oils and aroma chemicals, has seen a modest response to its IPO.

Issue Details:

• Total issue size: Rs 451.25 crore
• Subscription: 0.62 times
• Grey Market Premium: Rs 25.00
• Potential premium: 7.69%

Shreeji Shipping Global: Oversubscribed with Decent Premium

Shreeji Shipping Global, a provider of shipping and logistics solutions, has received a positive response from investors.

Key Points:

• Fresh issue size: Rs 410.71 crore
• Subscription: 1.18 times
• Grey Market Premium: Rs 30.00
• Potential premium: 11.90%

IPO Timeline

All four companies have set the following schedule:

• Share allotment: August 22
• Listing date: August 26 (on both BSE and NSE)

The varied subscription rates and grey market premiums across these IPOs reflect differing investor sentiments towards each company. Patel Retail's strong oversubscription suggests high investor confidence, while the others have shown moderate to good interest. However, it's important to note that grey market premiums and subscription rates are not guaranteed indicators of future stock performance.

Investors are advised to carefully review the prospectus and financials of each company before making investment decisions. As these companies prepare for their market debut, the coming days will be crucial in determining their initial market performance.