IPO Update: 8 Public Issues to Open Next Week, Strong Buzz Around GMP

Business News:Even though the secondary market has been volatile, the primary market is buzzing with fresh opportunities. Eight public issues are set to hit the market for subscription in the coming week. Out of these, five are mainboard listings, while three belong to the SME platform.

The SME segment will feature Studio LSD, LGT Business Connextions, and Classic Electrodes (India). Meanwhile, five companies—Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global, and Mangal Electrical Industries—are preparing to launch their IPOs on the mainboard.

SME IPOs in Focus

Studio LSD IPO

• Open Date: 18 August
• Close Date: 20 August
• Price Band: ₹51–54
• GMP: Nil
• Category: SME

LGT Business Connextions IPO

• Open Date: 19 August
• Close Date: 21 August
• Price Band: ₹107
• GMP: Nil
• Category: SME

Classic Electrodes (India) IPO

• Open Date: 22 August
• Close Date: 26 August
• Price Band: ₹82–87
• GMP: ₹18
• Category: SME

Mainboard IPOs Lined Up

Patel Retail IPO

• Open Date: 19 August
• Close Date: 21 August
• Price Band: ₹237–255
• GMP: ₹35
• Category: Mainboard

Vikram Solar IPO

• Open Date: 19 August
• Close Date: 21 August
• Price Band: ₹315–332
• GMP: ₹63.5
• Category: Mainboard

Gem Aromatics IPO

• Open Date: 19 August
• Close Date: 21 August
• Price Band: ₹309–325
• GMP: ₹38
• Category: Mainboard

Shreeji Shipping Global IPO

• Open Date: 19 August
• Close Date: 21 August
• Price Band: ₹240–252
• GMP: ₹26
• Category: Mainboard

Mangal Electrical Industries IPO

• Open Date: 20 August
• Close Date: 22 August
• Price Band: ₹533–561
• GMP: Nil
• Category: Mainboard

Market Outlook

According to market trackers, the grey market premiums (GMP) suggest strong investor interest in issues such as Vikram Solar, Patel Retail, Gem Aromatics, and Shreeji Shipping Global. On the other hand, IPOs like Mangal Electrical Industries and Studio LSD currently have no GMP, and their subscription levels will be closely monitored once bidding begins.

Overall, the coming week is packed with opportunities across diverse sectors such as retail, renewable energy, shipping, manufacturing, and specialty chemicals. For investors, this could be one of the most active weeks in the IPO market this year.