Dalal Street is all set for a high-volatility day as four IPOs – Patel Retail, Vikram Solar, Shreeji Shipping, and Gem Aromatics – are scheduled to debut on the NSE and BSE tomorrow. Investors are keeping a close eye on listing gains, grey market premiums (GMP), and subscription trends to gauge market sentiment.
Patel Retail IPO: Strong Contender with 18% GMP
Patel Retail, the supermarket chain focused on tier-III cities, is leading the pack with a grey market premium of 18%. The company operates 43 stores across Maharashtra and Gujarat. Its IPO was subscribed 95.69 times overall, with 272 times from QIBs and 108 times from NIIs, indicating robust investor demand.
Vikram Solar IPO: Renewable Energy Stock with 14% GMP
Vikram Solar, one of India’s largest solar PV module manufacturers, is trading at a 14% GMP ahead of listing. The Rs 2,079 crore IPO was subscribed 56.42 times, with QIBs bidding 145 times their reserved shares. With clients like NTPC, Adani Green, and JSW Energy, Vikram Solar has strong fundamentals, making it a promising IPO for listing gains.
Shreeji Shipping IPO: Logistics Sector Play at 13% GMP
Shreeji Shipping Global is a logistics and shipping company with operations across 20 Indian ports and one in Sri Lanka. The company has a fleet of 80+ vessels and 370 earthmoving machines. With a 13% GMP and strong investor response, the IPO could benefit from logistics sector tailwinds on listing day.
Gem Aromatics IPO: Niche Aroma Chemicals with 8% GMP
Gem Aromatics, a producer of essential oils and aroma chemicals, shows a modest 8% GMP ahead of listing. The IPO was subscribed 30 times, reflecting interest from institutional and retail investors alike. Supplying to 18 countries, the company operates in a niche sector, suggesting moderate listing gains compared to larger IPOs like Patel Retail and Vikram Solar.
Key Takeaways for Investors
- Patel Retail IPO appears the strongest candidate for listing gains.
- Vikram Solar benefits from robust institutional demand and marquee clients.
- Shreeji Shipping could ride logistics sector growth for steady gains.
- Gem Aromatics may see modest gains due to niche market demand.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
