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2d ago

Allotments Due Today for Four Indian IPOs After Heavy Demand, With Vikram Solar Subscribed 54.6x

Robust institutional participation, including Vikram Solar’s Rs 620.8 crore anchor, points to supportive sentiment ahead of the Aug. 26 listings.

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Shreeji Shipping Global IPO
Patel Retail IPO subscribed 95.7x, draws bids worth Rs 19,073 crore
Listing is scheduled for August 26 on the BSE and NSE.

Overview

  • Share allotments for Patel Retail, Vikram Solar, Gem Aromatics and Shreeji Shipping Global are scheduled for Aug. 22, with listings slated for Aug. 26 on BSE and NSE.
  • Vikram Solar drew bids for 247.81 crore shares against 4.53 crore on offer, a 54.63x overall subscription led by QIB demand at 142.79x.
  • Patel Retail was subscribed 95.70x, driven by QIBs at 272.43x, while Shreeji Shipping reached 58.10x and Gem Aromatics 30.27x in final tallies.
  • Market trackers reported grey‑market premiums implying indicative listing gains of roughly 8–19% across the four issues, with Patel Retail quoted highest and Vikram Solar in the low‑to‑mid teens; such quotes are unofficial.
  • Mangal Electrical’s separate mainboard IPO closes today with subscription at about 3.06x by midday and a tentative Aug. 28 listing following allotment on Aug. 25.