Overview

• Vikram Solar, Patel Retail, Gem Aromatics and Shreeji Shipping Global list on August 26 after allotments were finalised on August 22 and share credits processed on August 25.
• Latest reported grey-market premiums as of August 25 were roughly Rs 41 for Vikram Solar (~12.35%), Rs 48 for Patel Retail (~18.82%), Rs 33 for Shreeji Shipping (~13.49%) and Rs 28 for Gem Aromatics (~8.62%).
• Vikram Solar drew heavy demand with overall subscription at 54.63 times per NSE data, including strong QIB participation reported around 142.79 times.
• Issue structures vary: Vikram Solar raised Rs 2,079.37 crore via a fresh issue of Rs 1,500 crore plus OFS of Rs 579.37 crore, Patel Retail Rs 242.76 crore (fresh plus OFS), Shreeji Shipping Rs 410.71 crore (entirely fresh) and Gem Aromatics Rs 451.25 crore (fresh plus OFS).
• Use of proceeds includes funding capital expenditure at Vikram Solar and debt reduction at Gem Aromatics, while grey-market indications are informal and actual listing prices may differ at the open.