Dalal Street is buzzing with activity as eight companies open their Initial Public Offerings (IPOs) this week, collectively aiming to raise over ₹3,700 crore. Of these, five belong to the mainboard category with a fundraising target of ₹3,584 crore, while three IPOs are from the SME segment.
Here’s the full breakdown of the IPOs open for subscription this week:
🔑 Mainboard IPOs
Vikram Solar IPO
- Issue Size: ₹2,079 crore (₹1,500 crore fresh issue + OFS worth ₹579 crore)
- Price Band: ₹315–₹332 per share
- Category: Largest IPO of the week
- Focus: Solar panels manufacturer looking to expand operations and reduce debt.
Shreeji Shipping Global IPO
- Issue Size: ₹411 crore (entirely fresh issue)
- Price Band: ₹240–₹252 per share
- Subscription Window: Aug 19 – Aug 21
- Minimum Investment: 58 shares = ₹14,616 (upper band)
- Allotment & Listing: Allotment on Aug 22, listing on Aug 26
- Sector: Shipping & logistics.
Patel Retail IPO
- Issue Size: ₹243 crore (fresh issue + OFS)
- Price Band: ₹237–₹255 per share
- Subscription Window: Aug 19 – Aug 21
- Allotment & Listing: Aug 22 (allotment), Aug 26 (listing)
- Focus: Retail supermarket chain expanding market presence.
Gem Aromatics IPO
- Issue Size: ₹451+ crore (₹175 crore fresh issue + OFS of 85 lakh shares)
- Price Band: ₹309–₹325 per share
- Minimum Investment: 46 shares = ₹14,950 (upper band)
- Sector: Specialty ingredients, aroma chemicals, and essential oils.
Mangal Electrical Industries IPO
- Issue Size: ₹400 crore (fresh issue)
- Price Band: ₹533–₹561 per share
- Opens: Aug 20
- Focus: Transformer component processing and capacity expansion.
🔑 SME IPOs
Studio LSD IPO
- Issue Size: ~₹70 crore
- Price Band: ₹48–₹51 per share
- Opens: Aug 18
- Sector: Multimedia production.
LGT Business Connextions IPO
- Issue Size: ₹28.09 crore
- Price: Fixed at ₹107 per share
- Opens: Aug 19
- Focus: Travel services aggregator.
Classic Electrodes (India) IPO
- Issue Size: ₹41.5 crore
- Price Band: ₹82–₹87 per share
- Opens: Aug 22
- Focus: Welding consumables manufacturer.
📈 Upcoming Market Debuts
Apart from fresh IPO openings, seven companies will list on stock exchanges this week, including BlueStone Jewellery & Lifestyle and Regaal Resources from the mainboard segment.
💡 Investor Takeaway
This week offers investors a mix of:
- Large-cap industrial plays (Vikram Solar, Mangal Electrical)
- Consumer-driven businesses (Patel Retail, Gem Aromatics)
- SME growth stories (Studio LSD, LGT Business Connextions, Classic Electrodes)
Experts advise caution, noting that while the IPO pipeline is strong, success will depend on business fundamentals, valuations, and sector growth potential.
✅ Disclaimer: This article is for informational purposes only. Please consult certified financial advisors before making investment decisions.