Mumbai: It’s a super busy week for stock market investors! Four big IPOs—Vikram Solar, Patel Retail, Gem Aromatics, and Shreeji Shipping opened for public bidding on Tuesday, August 19, 2025. All four are accepting applications until Thursday, August 21. Together, these companies aim to raise ₹3,185 crore through their IPOs, showing continued interest in India’s booming capital market.
Let’s break down the key details for each IPO, including price bands, grey market premium (GMP), and when you can expect them to list.
Vikram Solar IPO
- Industry: Solar panel and module manufacturing; a leading player in green energy.
- IPO Size: ₹2,079 crore, making it the largest IPO of the week.
- Price Band: ₹315 to ₹332 per share.
- Current GMP: ₹54/share, meaning an estimated listing price of ₹386—a gain of about 16% over the top offer price.
- Listing Date: Expected on August 26, 2025 (BSE & NSE).
- Extra Info: Vikram Solar is riding the clean energy wave in India. The company plans to use IPO proceeds for expansion and new facility development.
Patel Retail IPO
- Industry: Supermarket and retail chain.
- IPO Size: ₹242 crore.
- Price Band: ₹237 to ₹255 per share.
- Current GMP: ₹45/share, suggesting shares could list about 18% higher, around ₹300.
- Listing Date: Expected on August 26, 2025.
- Extra Info: Patel Retail has been growing its stores and presence in urban and semi-urban locations, aiming to tap into changing consumer habits.
Gem Aromatics IPO
- Industry: Manufacturer of speciality fragrance and ingredient products used in cosmetics and FMCG.
- IPO Size: ₹451 crore.
- Price Band: ₹309 to ₹325 per share.
- Current GMP: ₹28/share; signaled listing price may be ₹353—roughly a 9% premium.
- Listing Date: August 26, 2025.
- Extra Info: With the rise of India’s FMCG sector, speciality ingredient makers like Gem Aromatics are getting more attention from both investors and big clients.
Shreeji Shipping Global IPO
- Industry: Shipping and logistics, mainly dry bulk cargo transport.
- IPO Size: ₹411 crore.
- Price Band: ₹240 to ₹252 per share.
- Current GMP: ₹30/share, expecting to list at ₹282—a jump of about 12%.
- Listing Date: August 26, 2025.
- Extra Info: The boost in India’s infrastructure and EXIM trade is making logistics and shipping stocks more attractive on Dalal Street.
What’s a Grey Market Premium (GMP)?
GMP is an unofficial market where IPO shares are bought and sold before official listing. It gives investors an early estimate of how much premium they might get when the shares start trading on the stock exchange.
Should You Apply?
Each company comes from a different industry—solar energy, retail, speciality chemicals, and logistics. Investors are showing strong interest, looking for both listing gains and long-term value. Analysts remind everyone to do their research and look beyond GMP, considering financials, business models, and future growth plans.
If you’re planning to invest, make sure applications are submitted before the bidding window closes on August 21, 2025.