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5 IPOs to open for bidding next week: Which is best based on GMP?

5 IPOs to open for bidding next week: Which is best based on GMP?

India Today3 days ago
Next week will see five companies opening their initial public offerings (IPOs) for subscription.These include Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global and Mangal Electrical. Together, they are looking to raise Rs 3,584.09 crore from the market. Most of these IPOs will open between August 19 and August 21, 2025.PATEL RETAIL IPOPatel Retail's IPO is worth Rs 242.76 crore. It includes a fresh issue of 0.85 crore shares worth Rs 217.21 crore and an offer for sale of 10 lakh shares worth Rs 25.55 crore. The price band is set at Rs 237 to Rs 255 per share. The IPO will open on August 19 and close on August 21, with allotment expected on August 22. Listing is planned for August 26 on both BSE and NSE.The minimum lot size for retail investors is 58 shares, costing Rs 13,746. For small non-institutional investors (sNII), the minimum is 14 lots (812 shares) at Rs 2,07,060, and for big non-institutional investors (bNII), 68 lots (3,944 shares) at Rs 10,05,720.The last reported grey market premium (GMP) was Rs 34, giving an estimated listing price of Rs 289 and an expected gain of 13.33% from the upper price band.VIKRAM SOLAR IPOVikram Solar is launching an IPO worth Rs 2,079.37 crore, including a fresh issue of 4.52 crore shares worth Rs 1,500 crore and an offer for sale of 1.75 crore shares worth Rs 579.37 crore.The price band is Rs 315 to Rs 332 per share. The subscription window is from August 19 to August 21, with allotment on August 22 and listing on August 26.Retail investors can apply for a minimum lot of 45 shares costing Rs 14,175. sNII need at least 14 lots (630 shares) worth Rs 2,09,160, while bNII need 67 lots (3,015 shares) worth Rs 10,00,980.The latest GMP stood at Rs 66, suggesting an estimated listing price of Rs 398 and a possible gain of 19.88%.GEM AROMATICS IPOGem Aromatics' IPO totals Rs 451.25 crore, with a fresh issue of 54 lakh shares worth Rs 175 crore and an offer for sale of 85 lakh shares worth Rs 276.25 crore. The price band is Rs 309 to Rs 325 per share. The issue will open on August 19 and close on August 21, with allotment on August 22 and listing on August 26.Retail investors can apply for 46 shares costing Rs 14,214. sNII can apply for 14 lots (644 shares) at Rs 2,09,300, and bNII for 67 lots (3,082 shares) at Rs 10,01,650.The GMP for Gem Aromatics has not yet started.SHREEJI SHIPPING GLOBAL IPOShreeji Shipping Global will raise Rs 410.71 crore through a fresh issue of 1.63 crore shares. The price band is Rs 240 to Rs 252 per share. The subscription period is from August 19 to August 21, allotment is on August 22, and listing is planned for August 26.Retail investors can apply for 58 shares costing Rs 13,920. sNII need 14 lots (812 shares) worth Rs 2,04,624, while bNII require 69 lots (4,002 shares) worth Rs 10,08,504.The last GMP was Rs 29, giving an estimated listing price of Rs 281 and a likely gain of 11.51%.MANGAL ELECTRICAL IPOMangal Electrical aims to raise Rs 400 crore through a fresh issue of 71 lakh shares. The price band is Rs 533 to Rs 561 per share. The IPO will open on August 20 and close on August 22, with allotment on August 25 and listing on August 28.The minimum lot for retail investors is 26 shares costing Rs 13,858. sNII need 14 lots (364 shares) worth Rs 2,04,204, while bNII need 69 lots (1,794 shares) worth Rs 10,06,434.The GMP for this IPO has not yet started.WHICH IPO LOOKS BEST BASED ON GMP?Among the five, Vikram Solar shows the highest estimated gain based on current GMP, at 19.88%, followed by Patel Retail at 13.33% and Shreeji Shipping Global at 11.51%. Gem Aromatics and Mangal Electrical have no GMP data yet.However, market experts caution that GMP is only an informal indicator and actual listing prices can differ. Investors should review company fundamentals, financial health and business outlook before making a decision.advertisement(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
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