Upcoming 5 IPOs Next Week – Which Stands Out Based on Grey Market Premium?

Next week, investors will see five companies launching their Initial Public Offerings (IPOs). These are Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global, and Mangal Electrical. Collectively, they aim to raise ₹3,584.09 crore from the market. Most of these IPOs are scheduled to open between August 19 and August 21, 2025. Let’s break down each offering in detail.

Patel Retail IPO Details

• Issue Size: ₹242.76 crore

• Fresh Issue: 0.85 crore shares worth ₹217.21 crore

• Offer for Sale (OFS): 10 lakh shares worth ₹25.55 crore

• Price Band: ₹237 – ₹255 per share

• IPO Dates: Opens August 19, closes August 21

• Listing Date: August 26 (BSE & NSE)

Investment Lot Size:

• Retail Investors: 58 shares, costing ₹13,746

• sNII (Small Non-Institutional Investors): 14 lots (812 shares), costing ₹2,07,060

• bNII (Big Non-Institutional Investors): 68 lots (3,944 shares), costing ₹10,05,720

Grey Market Premium (GMP):

The last reported GMP was ₹34, giving an estimated listing price of ₹289. This suggests a potential gain of 13.33% from the upper price band.

Vikram Solar IPO Details

• Issue Size: ₹2,079.37 crore

• Fresh Issue: 4.52 crore shares worth ₹1,500 crore

• OFS: 1.75 crore shares worth ₹579.37 crore

• Price Band: ₹315 – ₹332 per share

• IPO Dates: Opens August 19, closes August 21

• Listing Date: August 26

Investment Lot Size:

• Retail Investors: 45 shares, costing ₹14,175

• sNII: 14 lots (630 shares), costing ₹2,09,160

• bNII: 67 lots (3,015 shares), costing ₹10,00,980

Grey Market Premium (GMP):

Vikram Solar currently has the highest GMP at ₹66, suggesting a listing price of ₹398 and an expected gain of 19.88%.

Gem Aromatics IPO Details

• Issue Size: ₹451.25 crore

• Fresh Issue: 54 lakh shares worth ₹175 crore

• OFS: 85 lakh shares worth ₹276.25 crore

• Price Band: ₹309 – ₹325 per share

• IPO Dates: Opens August 19, closes August 21

• Listing Date: August 26

Investment Lot Size:

• Retail Investors: 46 shares, costing ₹14,214

• sNII: 14 lots (644 shares), costing ₹2,09,300

• bNII: 67 lots (3,082 shares), costing ₹10,01,650

Grey Market Premium (GMP):

As of now, GMP activity has not started for Gem Aromatics. Investors should watch closely as trends may emerge closer to the issue date.

Shreeji Shipping Global IPO Details

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

• Price Band: ₹240 – ₹252 per share

• IPO Dates: Opens August 19, closes August 21

• Listing Date: August 26

Investment Lot Size:

• Retail Investors: 58 shares, costing ₹13,920

• sNII: 14 lots (812 shares), costing ₹2,04,624

• bNII: 69 lots (4,002 shares), costing ₹10,08,504

Grey Market Premium (GMP):

The latest GMP stands at ₹29, indicating a listing price of ₹281 and a potential gain of 11.51%.

Mangal Electrical IPO Details

• Issue Size: ₹400 crore (fresh issue of 71 lakh shares)

• Price Band: ₹533 – ₹561 per share

• IPO Dates: Opens August 20, closes August 22

• Listing Date: August 28

Investment Lot Size:

• Retail Investors: 26 shares, costing ₹13,858

• sNII: 14 lots (364 shares), costing ₹2,04,204

• bNII: 69 lots (1,794 shares), costing ₹10,06,434

Grey Market Premium (GMP):

Currently, no GMP activity has been reported for Mangal Electrical.

Which IPO Looks Best Based on GMP?

Based on the current GMP trends:

• Vikram Solar shows the strongest outlook with 19.88% expected gains.

• Patel Retail follows at 13.33%.

• Shreeji Shipping Global offers 11.51%.

• Gem Aromatics & Mangal Electrical have no GMP data yet.

However, experts caution that GMP is only an informal indicator. Actual listing gains depend on company fundamentals, financial performance, and market sentiment. Investors should carefully evaluate each company’s business model and growth prospects before applying.