Upcoming IPOs this week: Shreeji Shipping, Vikram Solar, Patel Retail among 8 issues to open; check list

Upcoming IPOs this week: The primary market will witness an array of initial public offerings opening for subscription in the week starting August 18. They include five mainboard IPOs and three SME offers.

The stock listings this week include Knowledge Realty Trust REIT, BlueStone Jewellery, Regaal Resources, ANB Metal Cast, Star Imaging, Medistep Healthcare, Icodex Publishing Solutions, and Mahendra Realtors & Infrastructure.

Vikram Solar's ₹2,079.37 crore offer is the biggest initial share sale to open for subscription this week. The company is involved in manufacturing solar photovoltaic (PV) modules and providing engineering, procurement, and construction (EPC) solutions for solar power projects.

The IPO of Gem Aromatics Ltd, a manufacturer of speciality ingredients, will go live on August 19 to raise ₹451.25 crore via a fresh issue and offer for sale component. Its revenue from operations surged 11.38% to ₹503.95 crore in the financial year 2024-25 vs ₹452.45 crore in the previous fiscal year. The company's profit after tax rose 6.55% to ₹53.38 crore for FY25, compared to ₹50.10 crore in FY24.

Patel Retail IPO

• Subscription dates: August 19 to August 21
• Price band: ₹237 to ₹255 per share
• Issue size: ₹242.76 crore (fresh issuance of ₹217.21 crore + ₹25.55 crore OFS)
• Use of funds: Debt repayment, working capital requirements and general corporate purposes
• Listing date: August 26

Vikram Solar IPO

• Subscription dates: August 19 to August 21
• Price band: ₹315 to ₹332 per share
• Issue size: ₹2,079.37 crore (fresh issuance of ₹1,500 crore + ₹579.37 crore OFS)
• Use of funds: Partial fund capital expenditure for Phase-I and Phase-II projects and corporate general purposes
• Listing date: August 26

Gem Aromatics IPO

• Subscription dates: August 19 to August 21
• Price band: ₹309 to ₹325 per share
• Issue size: ₹451.25 crore (fresh issuance of ₹175 crore + ₹276.25 crore OFS)
• Use of funds: Clear debt of company and its subsidiary and corporate general purposes
• Listing date: August 26

Shreeji Shipping IPO

• Subscription dates: August 19 to August 21
• Price band: ₹240 to ₹252 per share
• Issue size: ₹410.71 crore (fresh issuance of 1.63 crore shares)
• Use of funds: Acquire dry bulk carriers in supramax category, debt repayment and general corporate purposes
• Listing date: August 26

Mangal Electrical IPO

• Subscription dates: August 20 to August 22
• Price band: ₹533 to ₹561 per share
• Issue size: ₹400 crore (fresh issuance of 0.71 crore shares)
• Use of funds: Clear debt of company and its subsidiary and corporate general purposes
• Listing date: August 28

Studio LSD IPO (SME)

• Subscription dates: August 18 to August 20
• Price band: ₹51 to ₹54 per share
• Issue Size: ₹74.25 crore (fresh issuance of ₹59.40 crore + ₹14.85 crore OFS)
• Use of funds: Capital expenditure, working capital needs and general corporate purposes
• Listing date: August 25

LGT Business Connextions IPO

• Subscription dates: August 19 to August 21
• Price band: Fixed price at ₹107 per share
• Issue size: ₹28.09 crore (fresh issuance of ₹25.28 crore + ₹2.81 crore OFS)
• Use of funds: Working capital needs, capital expenditure, and general corporate purposes
• Listing date: August 26

Classic Electrodes IPO (SME)

• Subscription dates: August 22 to August 26
• Price band: ₹82 to ₹87 per share
• Issue size: ₹41.51 crore (fresh issuance of 0.48 crore shares)
• Use of funds: Capital expenditure, debt repayment working capital needs and general corporate purposes
• Listing date: September 1