Overview

• The five IPOs aim to raise about ₹3,584 crore and will open between August 19 and 22 with allotments starting August 22 and listings from August 26 to 28.
• Vikram Solar’s ₹2,079 crore issue carries a grey market premium of around ₹66, implying a near-20% listing upside.
• Patel Retail’s ₹243 crore IPO and Shreeji Shipping’s ₹411 crore offering show premiums of roughly ₹34 and ₹29, indicating estimated gains of about 13% and 12%.
• Gem Aromatics and Mangal Electrical, raising ₹451 crore and ₹400 crore respectively, have yet to generate visible grey market premiums, leaving their implied listing gains uncertain.
• Market analysts caution that grey market premiums reflect informal sentiment rather than company fundamentals and advise investors to evaluate valuations and business outlooks.