IPO Rush: Five Mainboard, One SME Offer to Hit the Street This Week

The primary market is set to face an action-packed week ahead, with five mainboard initial public offerings (IPOs) and one SME issue slated to live. Investors will be closely tracking grey market activity for cues on listing expectations, though not all counters are commanding premiums at present.

The grey market premium (GMP), the price at which shares are traded unofficially before listing remains a popular gauge of sentiment, though it is both volatile and unofficial in nature.

With a mix of strong premiums and somber interest, the coming week will offer investors a clear test of appetite across sectors and size segments. Much will depend on broader market sentiment and whether momentum in select names translates into sustained demand on listing day. Market conditions also remain volatile in the wake of Trump’s 50% tariffs on India, which will continue to drive sentiment and investor appetite for IPOs in the coming week.

Here is a closer look at how the upcoming issues are faring in the grey market:

Patel Retail IPO

Opening on August 19, Patel Retail has set its price band at ₹237–₹255 per share. The IPO is trading at a GMP of around ₹34–₹35, a 14% mark-up on the upper band, suggesting a possible listing near ₹290.

Vikram Solar IPO

Vikram Solar’s offering, also opening on August 19 and closing on August 21, comes with a price band of ₹315–₹332. Its shares are commanding a healthy GMP of ₹60–₹61, indicating a potential listing near ₹392–₹393, about 18% higher than issue price.

Gem Aromatics IPO

Gem Aromatics is entering the market with a price band of ₹309–₹325. The IPO is trading at a 13% GMP, translating to ₹40–₹41 above the upper band. The implied listing price is pegged at around ₹365–₹366.

Shreeji Shipping Global IPO

The shipping firm’s offer, with a price band of ₹240–₹252, is currently attracting a GMP of ₹23–₹26 per share, a 10% premium. This values the stock closer to ₹278 on listing.

Mangal Electrical Industries IPO

Opening on August 20, Mangal Electrical Industries has priced its shares between ₹533 and ₹561. Unlike its peers, the issue is trading at par with its price band in the grey market as of the now, hinting at a flat debut.

Studio LSD IPO (SME)

Among the smaller offerings, Studio LSD’s SME IPO is scheduled for August 18-20, at a price band of ₹51–₹54. Similar to Mangal Electrical, the issue is trading at par with its price band in the grey market, pointing to muted listing prospects.