Four IPOs Set for August 22 Allotment Amid Strong Grey Market Premiums
Four mainboard IPOs - Gem Aromatics, Shreeji Shipping Global, Patel Retail, and Vikram Solar - have concluded their subscription periods with strong grey market premiums. Patel Retail leads with a 19.22% premium, followed by Vikram Solar (12.65%), Shreeji Shipping Global (13.89%), and Gem Aromatics (8.00%). Subscription levels varied, with Patel Retail being oversubscribed 19.48 times. Share allotment is expected on August 22, with listing scheduled for August 26 on BSE and NSE.
*this image is generated using AI for illustrative purposes only.
Four mainboard Initial Public Offerings (IPOs) are generating significant buzz in the market, with strong grey market premiums indicating potential listing gains. The IPOs of Gem Aromatics, Shreeji Shipping Global, Patel Retail, and Vikram Solar concluded their subscription period on August 21, each fully subscribed on the first day itself.
Grey Market Premiums Signal Investor Enthusiasm
The grey market, an unofficial platform for trading in IPO shares, is showing robust premiums for all four companies:
- Patel Retail: Leading the pack with a Grey Market Premium (GMP) of ₹50, translating to a 19.22% premium over the issue price.
- Vikram Solar: Following closely with a GMP of ₹42, indicating a 12.65% premium.
- Shreeji Shipping Global: Showing strong interest with a GMP of ₹35, representing a 13.89% premium.
- Gem Aromatics: Rounding out the group with a GMP of ₹26, suggesting an 8.00% premium.
Subscription Levels Vary Across Offerings
The subscription levels for these IPOs showed significant variation:
| Company | Oversubscription |
|---|---|
| Patel Retail | 19.48 |
| Shreeji Shipping Global | 6.59 |
| Vikram Solar | 4.56 |
| Gem Aromatics | 2.90 |
Diverse Sectors Represented
These four companies represent a diverse range of sectors:
- Patel Retail: Operates supermarket chains in tier-III cities
- Vikram Solar: Manufactures solar panels
- Shreeji Shipping Global: Provides logistics solutions
- Gem Aromatics: Produces essential oils and aroma chemicals
Key Dates for Investors
Investors should mark their calendars for the following important dates:
- Share Allotment: Expected on August 22
- Listing Date: Scheduled for August 26 on both BSE and NSE
The strong grey market premiums and varied subscription levels reflect the market's differentiated interest in these offerings. As these companies prepare for their market debut, investors will be keenly watching to see if the listing performance aligns with the pre-listing enthusiasm.
17
