Welcome to the latest update on Grey Market Premium (GMP) for several upcoming Initial Public Offerings (IPOs) as of August 18th. This article will provide insights into the current GMP trends, expected listing gains per lot, and key details for Shreeji Shipping Global IPO, Jem Aromatics IPO, Patel Retail IPO, Regal Resources IPO, and Vikram Solar IPO.
Shreeji Shipping Global IPO
The Shreeji Shipping Global IPO is set to open on August 19th and will close on August 21st, with August 20th being the second day for applications. The company has a face value of ₹10 per share. The upper price band is ₹252, and applicants must select 58 equity shares for a minimum lot.
The total issue size for this IPO is approximately ₹411 crore, entirely comprising a fresh issue. The allocation structure is 50% for Qualified Institutional Buyers (QIBs), 35% for Retail investors, and 15% for High Net Worth Individuals (HNIs). The company will be listed on both BSE and NSE.
Key dates for the Shreeji Shipping Global IPO include the allotment date on August 22nd, refunds for non-allottees on August 25th, and credit of shares to Demat accounts on August 25th. The listing date for the company is scheduled for August 26th.
For investors, the minimum amount required to apply for one lot is ₹14,616. Small HNI category requires approximately ₹24,624, while Big HNI category requires ₹1,18,504. Promoter holding was 100% pre-IPO and will be around 90% post-IPO. The current Grey Market Premium (GMP) for Shreeji Shipping Global IPO is ₹26. Based on this, the expected listing price is ₹278 (₹252 + ₹26), indicating a potential listing gain of about 10%, translating to approximately ₹1,508 per lot. Investors are advised to monitor subscription numbers before applying.
Jem Aromatics IPO
The Jem Aromatics IPO is scheduled to open on August 19th, with applications closing on August 21st. August 20th will be the second day for applying. The face value of the shares is ₹2. The upper price band is ₹325, and investors need to select a minimum of 46 equity shares per lot.
The total issue size for Jem Aromatics is ₹451 crore, which includes a fresh issue of ₹175 crore and an Offer For Sale (OFS) of ₹276 crore. The company will be listed on both BSE and NSE. The allocation breakdown is 50% for QIBs, 35% for Retail investors (requiring approximately ₹15,000), and 15% for HNIs.
Important dates for the Jem Aromatics IPO are: opening on August 19th, closing on August 21st, allotment on August 22nd, refunds on August 25th, Demat credit on August 25th, and listing on August 26th.
The minimum investment for one retail lot is ₹14,950. Small HNI applicants require ₹29,300, and Big HNI applicants need ₹1,16,504. Promoter holding was 75% pre-IPO and will be 55.06% post-IPO. Currently, the Grey Market Premium (GMP) for Jem Aromatics IPO is ₹38. This suggests an expected listing price of ₹363 (₹325 + ₹38), representing an approximate listing gain of 11.69% (around 12%), or about ₹1,750 per lot. A wait-and-watch approach is recommended for this IPO.
Patel Retail IPO
The Patel Retail IPO is also set to open from August 19th and will close on August 21st. The company has a face value of ₹10 per share. Applications should be made at the upper price band of ₹255, with a minimum lot size of 58 equity shares.
The total issue size for Patel Retail is ₹242.43 crore, which includes a fresh issue of ₹216 crore and an Offer For Sale (OFS) of ₹25.5 crore. The allocation is divided among QIBs (50%), Retail investors (35%), and HNIs (15%). The listing date for the company is August 26th.
The minimum application amount for one retail lot is ₹14,790. For the Small HNI category, ₹2,760 is required, and for the Big HNI category, ₹1,57,200 is needed. Promoter holding, which was 98% pre-IPO, will be approximately 70% post-IPO. The current Grey Market Premium (GMP) for Patel Retail IPO stands at ₹35. This projects an estimated listing price of ₹290 (₹255 + ₹35), with a potential listing gain of around 14%, offering over ₹2,000 per lot based on current GMP.
Regal Resources IPO
The Regal Resources IPO was open from August 12th to August 14th. Investors who applied at the cut-off price of ₹102 for 144 equity shares per lot are now awaiting their allotment. August 18th is the important date for allotment information.
For successful allottees, shares will be credited to Demat accounts on August 19th. Refunds for non-allotted applications are also scheduled for August 19th. The company is set to list on both BSE and NSE on August 20th.
The current Grey Market Premium (GMP) for Regal Resources IPO is ₹26. With a cut-off price of ₹102, the estimated listing price is ₹128 (₹102 + ₹26). This indicates a significant potential listing gain of approximately 25.5%, translating to roughly ₹3,800 per lot.
Vikram Solar IPO
The Vikram Solar IPO is scheduled to open on August 19th. Investors should apply at the cut-off price of ₹332. The listing date for this company is set for August 26th.
The minimum investment required for one retail lot is ₹14,940. For Small HNI applications, ₹29,160 is needed, and for Big HNI applications, ₹1,09,800 is required. The current Grey Market Premium (GMP) for Vikram Solar IPO is in the range of ₹64 to ₹68.
Considering a GMP of ₹68, the expected listing price would be ₹400 (₹332 + ₹68). This represents an estimated listing gain of approximately 20%, which could mean a gain of around ₹3,000 per lot.
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