IPO GMP Today: Patel Retail, Vikram Solar, Gem Aromatics, and Shreeji Shipping Global
The initial public offerings (IPOs) of Patel Retail, Vikram Solar, Gem Aromatics, and Shreeji Shipping Global opened for subscription on Tuesday, and all eyes are on their respective grey market premiums (GMP). All four IPOs are open for subscription till Thursday evening.
Patel Retail IPO GMP
According to InvestorGain, the GMP for the Patel Retail IPO stood at Rs 50 as of 7:35 a.m. on Aug. 21. It indicates a listing price of Rs 305 apiece at a premium of 19.61% over the upper limit of the IPO price band.
The Patel Retail IPO was subscribed 19.51 times as of 5 p.m. on Aug. 20. Patel Retail IPO is a book build issue of Rs 242.76 crore. It comprises a fresh issue of 85 lakh shares worth Rs 217.21 crore and an offer-for-sale (OFS) of 10 lakh shares aggregating to Rs 25.55 crore.
Vikram Solar IPO GMP
The GMP for the Vikram Solar IPO stood at Rs 42 as of 8 a.m. on Aug. 21, according to InvestorGain. The latest GMP indicates a listing price of Rs 374 apiece, at a premium of 12.65% compared to the upper limit of the issue price.
The IPO for Vikram Solar was subscribed 4.73 times till the end of day two on Wednesday. The Vikram Solar IPO is a book build issue of Rs 2,079.37 crore. It comprises a fresh issuance of 4.52 crore shares worth Rs 1,500 crore and an offer-for-sale (OFS) of 1.75 crore shares aggregating to Rs 579.37 crore.
Gem Aromatics IPO GMP
According to InvestorGain, the GMP for the Gem Aromatics IPO stood at Rs 28 as of 8 a.m. on Aug. 21. It indicates a listing price of Rs 351 apiece at a premium of 8% over the upper limit of the IPO price band.
The Gem Aromatics IPO was subscribed 2.92 times on the second day of bidding as of 5 p.m. on Aug. 21. The Gem Aromatics IPO is a book build issue of Rs 451.25 crore. It consists of a fresh issue of 54 lakh shares worth Rs 175 crore and an offer-for-sale (OFS) of 85 lakh shares worth Rs 276.25 crore.
Shreeji Shipping Global IPO GMP
The GMP for the Shreeji Shipping Global IPO was Rs 35 as of 7:30 a.m. on Aug. 21, according to InvestorGain. The latest GMP indicates a listing price of Rs 287 apiece, at a premium of 13.89% compared to the upper limit of the issue price.
The IPO for Shreeji Shipping Global was subscribed 6.59 times by Aug. 20. The Shreeji Shipping Global IPO is a book build issue of Rs 410.71 crore. It comprises entirely a fresh issue of 1.63 crore shares worth Rs 410.71 crore.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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