The stock market is going to be very busy on Tuesday. On August 26, 4 companies are going to debut together in the stock market. This means that four companies are going to be listed. Which includes the names of Patel Retail, Vikram Solar, Shreeji Shipping and Gem Aromatics. Of these four, Patel Retail is considered a big contender for the strongest start, which has received a very good response in the gray market. On the other hand, a good listing of Vikram Solar and Shreeji shipping is also expected, while a slight increase can be recorded in Gem Aromatics. Let us also tell you which business these four companies are engaged in. Also, which company has received caste response in the gray market?
Patel Retail: Highest GMP at 18 %
Patel Retail is on the high -seven -gray market premium (GMP) of about 18 per cent before her listing. Focused on Tier-III cities, this supermarket Sen runs 43 stores in Maharashtra and Gujarat. The IPO received a huge demand, totaling 95.69 times subscription, which includes 272 times from QIB and 108 times from NII. These strong subscription figures, combined with stable retail interest, are indicating positive listing pop. Provided that the sentiment of the stock market remains positive.
Vikram Solar: 14 percent GMP
Vikram Solar, one of India’s largest solar PV module maker companies, is trading on a 14 per cent Gray Market Premium (GMP) before its listing. This IPO of Rs 2,079 crore received 56.42 times subscription, in which QIB bid 145 times more than the reserve shares for itself. With major customers such as NTPC, Adani Green and JSW Energy, the company’s fundamentals are strong, although the valuation still remains good. Despite this, with strong institutional support, the green mark is expected to open.
Shreeji shipping: 13 percent GMP
Shreeji Shipping Global, which raised Rs 123 crore from anchor investors, is trading on 13 per cent gray market premium (GMP) before her listing. This shipping and logistics company is working on 20 Indian ports and a Sri Lankan port. Whose fleet has more than 80 ships and 370 Economics machines. Its IPO had received a good response, and investors will keep a close watch on whether the favorable conditions of the logistics sector help it to provide stable listing benefits.
Gem Aromatics: GMP at 8 %
Gem Aromatics is showing a minor gray market premium (GMP) of 8 per cent before its listing. This IPO was subscribed to 30 times in total, which had a keen interest of both institutional and retail investors. The company makes essential oil, aroma chemical and value added derivatives and supplies to 18 countries. Although there is specific demand in this sector, listing benefit can be limited compared to Patel Retail and Vikram Solar.