Upcoming IPOs This Week: Vikram Solar, Shreeji Shipping, Patel Retail & More

SUMMARY

This week, the primary market is buzzing with eight new initial public offerings (IPOs), including five mainboard and three SME offerings. Leading the pack is Vikram Solar’s ₹2,079.37 crore IPO, focusing on solar photovoltaic module manufacturing and solar project solutions. Another key player, Gem Aromatics, aims to raise ₹451.25 crore starting August 19, leveraging its expertise in speciality ingredients. Additionally, the week will see listings from companies like Knowledge Realty Trust REIT, BlueStone Jewellery, and more.

The primary market is gearing up for an exciting week with a slew of IPOs opening for subscription from August 18. Investors can look forward to five mainboard IPOs and three SME offerings, catering to diverse sectors. Here’s a concise rundown of the upcoming IPOs:

• Patel Retail IPO
  Dates: August 19–21

  Price Band: ₹237–₹255 per share

  Issue Size: ₹242.76 crore (₹217.21 crore fresh issue + ₹25.55 crore OFS)

  Purpose: Debt repayment, working capital, and general corporate needs

  Listing: August 26

• Vikram Solar IPO
  Dates: August 19–21

  Price Band: ₹315–₹332 per share

  Issue Size: ₹2,079.37 crore (₹1,500 crore fresh issue + ₹579.37 crore OFS)

  Purpose: Funding Phase-I and Phase-II project expansions, general corporate purposes

  Listing: August 26

• Gem Aromatics IPO
  Dates: August 19–21

  Price Band: ₹309–₹325 per share

  Issue Size: ₹451.25 crore (₹175 crore fresh issue + ₹276.25 crore OFS)

  Purpose: Debt clearance for company and subsidiary, general corporate purposes

  Listing: August 26

• Shreeji Shipping IPO
  Dates: August 19–21

  Price Band: ₹240–₹252 per share

  Issue Size: ₹410.71 crore (fresh issue of 1.63 crore shares)

  Purpose: Acquiring supramax dry bulk carriers, debt repayment, general corporate purposes

  Listing: August 26

• Mangal Electrical IPO
  Dates: August 20–22

  Price Band: ₹533–₹561 per share

  Issue Size: ₹400 crore (fresh issue of 0.71 crore shares)

  Purpose: Debt repayment for company and subsidiary, general corporate purposes

  Listing: August 28

• Studio LSD IPO (SME)
  Dates: August 18–20

  Price Band: ₹51–₹54 per share

  Issue Size: ₹74.25 crore (₹59.40 crore fresh issue + ₹14.85 crore OFS)

  Purpose: Capital expenditure, working capital, general corporate purposes

  Listing: August 25

• LGT Business Connextions IPO (SME)
  Dates: August 19–21

  Price Band: ₹107 per share (fixed)

  Issue Size: ₹28.09 crore (₹25.28 crore fresh issue + ₹2.81 crore OFS)

  Purpose: Working capital, capital expenditure, general corporate purposes

  Listing: August 26

• Classic Electrodes IPO (SME)
  Dates: August 22–26

  Price Band: ₹82–₹87 per share

  Issue Size: ₹41.51 crore (fresh issue of 0.48 crore shares)

  Purpose: Capital expenditure, debt repayment, working capital, general corporate purposes

  Listing: September 1

Key Highlights

– Vikram Solar, the largest IPO this week, is set to raise ₹2,079.37 crore to expand its solar project capabilities.

– Gem Aromatics reported an 11.38% revenue growth to ₹503.95 crore and a 6.55% profit increase to ₹53.38 crore in FY25.

– Upcoming listings include Knowledge Realty Trust REIT, BlueStone Jewellery, Regaal Resources, and others.