IPO LIVE Updates: Patel Retail, Vikram Solar Subscribed Lead Day 2 Bids — Check Subscription, Latest GMP

IPO News Live Updates: Mangal Electrical Industries, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping are among the IPOs that are open this week.

IPO News Live Updates: Mangal Electrical Industries, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping are among the IPOs that are open this week (Image source: NDTV Profit)

IPO News Live Updates: Mumbai is reeling under torrential rains, but the IPO action refuses to be dampened by the downpour. It's an IPO rush that we have at hand this week! Investors are rushing to buy in on these maiden offers and we are all set to bring you all the real-time buzz straight from the street. Stay with us as we cover the latest subscription status, the Grey Market Premium and all the key details you need to know.

IPO LIVE Updates: Vikram Solar Closes Day With Mild Investor Interest

Vikram Solar IPO has been subscribed 4.57 times as of 05:00 p.m., ending day two with mild investor interest.

The Qualified Institutions portion has been subscribed 0.11 times. Non-Institutional Buyers section is subscribed 13.01 times. The Retail Investors segment is subscribed 3.47 times. Portion reserved for employees saw 2.37 times subscription.

The grey market premium for Vikram Solar IPO was Rs 48, as of 05:30 p.m. on Aug. 20, according to InvestorGain. This implies a potential listing around Rs 380 per share, marking a premium of 14.46%.

IPO LIVE Updates: Patel Retail Subscribed Nearly 20 Times

Patel Retail IPO has been subscribed 19.50 times as of 05:00 p.m., ending day two with heavy investor interest.

The Qualified Institutions portion has been subscribed 17.16 times. Non-Institutional Buyers section is subscribed 26.11 times. The Retail Investors segment is subscribed 16.58 times. Portion reserved for employees saw 9.58 times subscription.

The grey market premium for Patel Retail IPO was Rs 49, as of 05:28 p.m. on Aug. 20, according to InvestorGain. This implies a potential listing around Rs 304 per share, marking a premium of 19.22%.

IPO LIVE Updates: Shreeji Shipping Closes 6 Times Overbid

Shreeji Shipping IPO has been subscribed 6.60 times as of 05:00 p.m., ending day two with muted investor interest.

The Qualified Institutions portion has been subscribed 2.42 times. Non-Institutional Buyers section is subscribed 11.22 times. The Retail Investors segment is subscribed seven times.

The grey market premium for Shreeji Shipping IPO was Rs 35, as of 04:36 p.m. on Aug. 20, according to InvestorGain. This implies a potential listing around Rs 287 per share, marking a premium of 13.89%.

IPO LIVE Updates: Mangal Electrical Ends Day With Tepid Interest

Mangal Electrical Industries IPO has been subscribed 0.54 times as of 05:00 p.m., ending day one with muted investor interest.

The Qualified Institutions portion has been subscribed 0.12 times. Non-Institutional Buyers section is subscribed 0.72 times. The Retail Investors segment is subscribed 0.70 times.

The grey market premium for Mangal Electrical Industries IPO was Rs 35, as of 03:57 p.m. on Aug. 20, according to InvestorGain. This implies a potential listing around Rs 596 per share, marking a premium of 6.24%.

IPO LIVE Updates: Vikram Solar Subscription Status

Vikram Solar IPO has been subscribed 4.53 times as of 04:45 p.m. on Wednesday.

The Qualified Institutions portion has been subscribed 0.11 times. Non-Institutional Buyers section is subscribed 12.88 times.

The Retail Investors segment is subscribed 3.44 times while the portion reserved for Employees was subscribed 2.36 times.

IPO LIVE Updates: Gem Aromatics GMP Indicates Gains

The grey market premium for Gem Aromatics IPO was Rs 26, as of 03:37 p.m. on Aug. 20, according to InvestorGain. This implies a potential listing around Rs 351 per share, marking a premium of 8%.

GMP or grey market price is not an official indicator and is based on market speculation.

IPO LIVE Updates: Patel Retail Subscribed 18 Times

Patel Retail IPO, as of 04:15 p.m., was subscribed 18.23 times.

The Qualified Institutions portion has been subscribed 17.11 times. Non-Institutional Buyers section is subscribed 23.52 times. The Retail Investors segment is subscribed 15.70 times. The portion reserved for employees is subscribed 9.34 times.

IPO LIVE Updates: Mangal Electrical Sees Muted Interest

Mangal Electrical Industries IPO, as of 03:36 p.m., was subscribed 0.40 times.

The Qualified Institutions portion has been subscribed 0.06 times. Non-Institutional Buyers section is subscribed 0.46 times. The Retail Investors segment is subscribed 0.57 times.

IPO LIVE Updates: Regaal Resources Falls Post Listing

Shares of Regaal Resources fell 7% from its listing price to Rs 131.11 apiece, as compared to a 0.29% rise in the benchmark Nifty 50.

IPO LIVE Updates: NIIs Lead Bids For Shreeji Shipping

Non-institutional investors have overbid their subscription portion 8.52 times as of 03:00 p.m. on Wednesday. Retail investors come second at 5.79 times oversubscription.

IPO LIVE Updates: Gem Aromatics Subscription Status

Gem Aromatics IPO has been subscribed 2.18 times as of 2:24 p.m. on Wednesday.

The Qualified Institutions portion has been subscribed 1.19 times. Non-Institutional Buyers section is subscribed 2.64 times.

The Retail Investors segment is subscribed 2.53 times while the portion reserved for Employees, the subscription was nil.

IPO LIVE Updates: Vikram Solar Subscription Status

Vikram Solar IPO has been subscribed 3.48 times as of 1:54 p.m. on Wednesday.

The Qualified Institutions portion has been subscribed 0.06 times. Non-Institutional Buyers section is subscribed 9.55 times.

The Retail Investors segment is subscribed 2.81 times while the portion reserved for Employees was subscribed 1.77 times.

IPO LIVE Updates: Patel Retail Latest GMP

The grey market premium for Patel Retail IPO was Rs 49, as of 12:58 p.m. on Aug.20, according to InvestorGain. This implies a potential listing around Rs 304 per share, marking a premium of 19.22%.

GMP or grey market price is not an official indicator and is based on market speculation.

IPO LIVE Updates: Gem Aromatics Subscription Status Live

Gem Aromatics Ltd.'s initial public offer was subscribed 2.14 times as the the issue is live for bidding on second day, Aug 20.

IPO LIVE Updates: Shreeji Shipping Subscription Status Live

The initial public offering (IPO) of Shreeji Shipping Global Ltd. opened for second day subscription on Aug. 20. The IPO was subscribed 3.61 times as of 12:24 p.m. The mainboard IPO is a book-built issue of Rs 410.71 crore. 

IPO LIVE Updates: Shreeji Shipping Global GMP Live

The grey market premium for Shreeji Shipping Global IPO was Rs 30, as of 10:50 a.m. on Aug.20, according to InvestorGain. This implies a potential listing around Rs 282 per share, marking a premium of 11.90%

IPO Live Updates: Gem Aromatics IPO GMP Today

The grey market premium for Gem Aromatics l IPO was Rs 26, as of 10:28 a.m. on Aug.20, according to InvestorGain. This implies a potential listing around Rs 351 per share, marking a premium of 8%.

GMP or grey market price is not an official indicator and is based on market speculation.

IPO Live Updates: Mangal Electrical IPO GMP

The grey market premium for Mangal Electrical IPO was Rs 25, as of 9:57 a.m. on Aug.20, according to InvestorGain. This implies a potential listing around Rs 586 per share, marking a premium of 4.46%.

GMP or grey market price is not an official indicator and is based on market speculation.

IPO Live Updates: A Look Into The Offerings This Week

With all the buzz, here's an overview of all the IPOs open for subscription this week, along with their issue size, price band and listing date.

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IPO Live Updates: Offerings Open This Week

The IPOs making headlines this week is Mangal Electrical Industries, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping.

Vikram Solar is the largest offering among the lot, with an issue size of RS 2,079 crore. While the smallest mainboard offering is Patel Retail with an issue size of Rs 243 crores.

IPO Live Updates: Regaal Resources Lists At 39% Premium

Regaal Resources Ltd. shares listed at a 39% premium of over its IPO price on Wednesday. The scrip started trading at Rs 141 on the NSE and Rs 141.8 on the BSE. The issue price was Rs 102 per share.

The initial public offer was fully subscribed within hours of launch last week. The overwhelming response from the investors remained, as the IPO was oversubscribed 159.88 times on the third and final day of bidding on Aug. 14. The IPO received bids for more than 335.73 crore shares against 2.09 crore shares on offer.

Also Read: Regaal Resources Lists At 39% Premium After Blockbuster IPO

IPO Live Updates: Primary Market Buzz

Hello, and welcome to NDTV Profit's live coverage of the primary market. The rains are pouring down on Mumbai, but the IPO action refuses to be dampened by the downpour. It's an IPO rush that we have at hand this week!

Investors are rushing to buy in on these maiden offers and we are all set to bring you all the real-time buzz straight from the street. Stay with us as we cover the latest subscription status, the Grey Market Premium and all the key details you need to know.

So stay with us as we take you through the action right here for the day!

Also Read: IPO GMP Today: Patel Retail vs Vikram Solar vs Gem Aromatics vs Shreeji Shipping Global — Check Latest Trends

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WRITTEN BY
Ann Jacob
Ann Jacob tracks markets with a special focus on personal finance. She clos... more
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