Welcome to this comprehensive overview of the upcoming Initial Public Offerings (IPOs) scheduled for the week starting August 18th to August 26th. Over these five market open days, we will delve into the details of several significant IPOs set to open for subscription.
Studio LST IPO
The Studio LST IPO opens for subscription on August 18th and closes on August 20th. Investors will have the opportunity to apply on August 18th, 19th, and 20th. This company has a face value of ₹2 per share, with an upper price band of ₹51. A minimum of 2000 equity shares must be selected for one lot application, requiring applications in multiples of two. According to new SEBI guidelines, approximately 4000 shares must be selected per demat account. The total issue size is ₹70 crore, comprising both fresh issue and Offer For Sale (OFS). Listing will occur on the NSE SME platform. Share distribution includes 50% for Qualified Institutional Buyers (QIBs), 35% for Retail investors, and 15% for High Net-worth Individuals (HNIs).
Key dates for this SME IPO are: opening on August 18th, closing on August 20th, allotment on August 21st (with refunds for non-allotment on August 22nd), shares credited to demat accounts on August 22nd, and listing on August 25th on both BSE and NSE. A minimum of ₹24,000 is required for a single lot application. Investors can apply for a minimum of two lots. Pre-IPO promoter holding was 100%, which will be 73.50% post-IPO. It is advisable to plan applications based on the Grey Market Premium (GMP) and subscription figures.
Shriram Shipping Global IPO
Shriram Shipping Global IPO is a mainboard IPO, opening on August 19th and closing on August 21st. Applications can be made on August 19th, 20th, and 21st. The face value is ₹10 per share. At the cut-off price of ₹252, a minimum of 58 equity shares must be selected for a single lot application. The total issue size is approximately ₹411 crore. Allocation includes 50% for QIBs, 35% for Retail investors, and 15% for HNIs. The anchor investor list’s quality and size, expected by late night, will be important to observe, given the company’s valuation.
Important dates are: opening on August 19th, closing on August 21st, allotment on August 22nd, refunds on August 25th, shares credited to demat accounts on August 25th, and listing on August 26th on both BSE and NSE. Minimum investment for one lot is ₹14,616. Small HNI applications require ₹24,624, and Big HNI applications require ₹10,854. Pre-IPO promoter holding was 100%, decreasing to 90% post-IPO.
JM Aromatics IPO
JM Aromatics IPO, another mainboard offering, opens on August 19th and closes on August 21st. Application dates are August 19th, 20th, and 21st. The face value is ₹2 per share. The upper price band is ₹325. To ensure allotment, apply at the cut-off price by selecting a minimum of 46 equity shares per lot. The total issue size is approximately ₹451 crore, with ₹175 crore as fresh issue and ₹276 crore as Offer For Sale. Distribution is 50% for QIBs, 35% for Retail investors, and 15% for HNIs. Retail investors typically require around ₹15,000. The details of anchor investors will be crucial to review.
Key dates are: opening on August 19th, closing on August 21st, allotment on August 22nd, refunds on August 25th, shares credited on August 25th, and listing on August 26th on both BSE and NSE. Minimum investment for one lot is ₹14,950. Small HNI applications require ₹29,300, and Big HNI applications require ₹16,500. Pre-IPO promoter holding was 75%, which will be 55.06% post-IPO. The valuation appears positive, suggesting a good response, but it is recommended to apply after observing the first day’s response.
Patel Retail IPO
The Patel Retail IPO also opens on August 19th and closes on August 21st. Face value is ₹10. At the upper price band of ₹255, selecting 58 equity shares per lot will secure an application. The total issue size is approximately ₹242 crore to ₹243 crore, with ₹215 crore as fresh issue. Share distribution includes 50% for QIBs, 35% for Retail, and 15% for HNIs.
Key dates are: opening on August 19th, closing on August 21st, and listing on August 26th. Minimum investment for one lot is ₹14,979. Small HNI applications require ₹2,760, and Big HNI applications require ₹15,720. Pre-IPO promoter holding was 98%, which will be approximately 70% post-IPO.
Vikram Solar IPO
Vikram Solar IPO is anticipated to be a major mainboard IPO that will attract significant attention. It opens on August 19th and closes on August 21st. It is recommended to monitor the anchor investor book list, subscription figures, and Grey Market Premium (GMP) on August 19th before planning to apply on August 20th or 21st. The cut-off price is ₹332, and a minimum of 45 equity shares must be selected for one lot application. Listing is scheduled for August 26th. Minimum investment for one lot is ₹14,940. Small HNI applications require ₹9,160.
This concludes the details of the IPOs opening from August 18th to 26th. Investors should conduct their due diligence based on real-time market data.
