On August 17th, this article provides the latest Grey Market Premium (GMP) updates for several Initial Public Offerings (IPOs). We will delve into Vikram Solar IPO, Regal Resources IPO, Shreeji Shipping Global IPO, and Patel Retail IPO, along with Gem Aeromatics IPO and Bluestone Jewellery IPO. The aim is to understand the percentage premium at which these IPOs are trading in the grey market and their potential listing gains per lot.
Patel Retail IPO: GMP Update & Listing Expectations
On August 16th, Patel Retail IPO’s GMP was ₹34, with an expected listing price around ₹289, suggesting a 13% listing gain and a potential listing gain of approximately ₹172. As of August 17th, the GMP has seen a slight increase to ₹35. With a listing price of ₹255, a ₹35 gain is projected, leading to an approximate listing price of ₹290. This indicates a potential listing gain of about 14% or ₹230 per lot. The Patel Retail IPO is set to open on August 19th. Updates on GMP momentum will be provided based on market conditions.
Bluestone Jewellery IPO: Listing Outlook
The Bluestone Jewellery IPO did not achieve the expected subscription levels for significant listing gains. Its Grey Market Premium (GMP) was ₹2 on August 16th. Currently, on August 17th, its GMP is not trading at any premium. The company is scheduled for listing on August 19th. If market conditions are positive on Monday, there might be a possibility of a slightly positive or flat listing. However, the current momentum suggests a higher chance of a discount listing for Bluestone Jewellery IPO.
Shreeji Shipping Global IPO: GMP and Application Strategy
On August 16th, Shreeji Shipping Global IPO (SG Shipping IPO) had a GMP of ₹29, with an expected listing price of ₹281. This indicated a potential listing gain of around 11.5% or ₹1682 per lot. Today, August 17th, the GMP for Shreeji Shipping Global IPO is ₹26. With a listing price of ₹252, a ₹26 gain is projected, leading to an approximate listing price of ₹278. This translates to a potential listing gain of about 10.5% or ₹158 per lot. This IPO is slated to open on August 19th. Investors are advised to exercise caution and ‘wait and watch’ before applying, considering the slight decline in GMP and potential risks associated with the company’s valuation.
Gem Aeromatics IPO: Latest GMP and Prospects
On August 16th, Gem Aeromatics IPO’s Grey Market Premium (GMP) was ₹35, projecting a listing price of ₹360 and an 11% listing gain. As of August 17th, the GMP for Gem Aeromatics IPO stands at ₹38. With a listing price of ₹325, a ₹38 gain is projected, resulting in an approximate listing price of ₹363. This indicates a potential listing gain of about 12% or ₹1748 per lot based on current GMP. A ‘wait and watch’ approach is recommended for this IPO, though good response is anticipated due to favorable valuation demands.
Regal Resources IPO: Listing Gain Potential
Allotment information for Regal Resources IPO is expected to be available soon. On August 16th, its GMP was ₹24, with an anticipated listing price of ₹126, suggesting a 24% listing gain or approximately ₹3456 per lot. Currently, on August 17th, the GMP for Regal Resources IPO is ₹26. With a listing price of ₹102, a ₹26 gain is projected, leading to an approximate listing price of ₹128. This implies a potential listing gain of about 26% or ₹3740 per lot. If you receive an allotment, there is a strong chance of securing good listing gains, as indicated by the current Grey Market Premium.
Vikram Solar IPO: Detailed Analysis & GMP Outlook
On August 16th, Vikram Solar IPO’s GMP was ₹57, with an expected listing price of ₹389, indicating a 17% listing gain. Today, August 17th, the GMP for Vikram Solar IPO has increased to ₹64. With a listing price of ₹332, a ₹64 gain is projected, resulting in an approximate listing price of ₹396. This suggests a potential listing gain exceeding 19% or approximately ₹2880 per lot. Being a company in the solar sector, Vikram Solar is expected to receive a positive response, reflected in its positive GMP momentum.
Vikram Solar IPO: Key Dates & Issue Details
The IPO will open on August 19th and close on August 21st, allowing three days (August 19th, 20th, and 21st) for applications. The face value per share is ₹10, and the upper price band is ₹332, at which shares will be allocated. A minimum of 45 equity shares must be selected for one lot application. The total issue size is approximately ₹2080 Crore, comprising a fresh issue of ₹1500 Crore (funds going to the company) and an Offer For Sale (OFS) of ₹580 Crore (funds going to promoters and shareholders).
Vikram Solar IPO: Allocation & Holding Structure
50% of the total issue size is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-worth Individuals (HNIs). The company’s shares will be listed on both BSE and NSE. Key dates include IPO 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 application amount for one lot is approximately ₹14,940. For Small HNI category, it requires ₹209,160, and for Big HNI category, ₹1,009,800. Promoter holding was 77.64% pre-IPO and will be 63% post-IPO. Investors should plan their application based on subscription numbers, market conditions, and GMP on the first and second days.
Stay tuned for further updates on these IPOs and their Grey Market Premium trends.
