IPO Updates: Patel Retail, Shreeji Shipping Lead Day 2 Bids; Mangal Electrical Halfway Subscribed

Wednesday's book building issues ranged from heavy interest in Patel Retail and Shreeji Shipping to muted interest in Vikram Solar and Gem Aromatics, on day two. Mangal Electrical Industries has been halfway subscribed on its first day of bidding.

With this, we end today's live coverage of IPOs. See you on other copies, readers!

(This live blog has ended).

Gem Aromatics IPO has been subscribed 2.90 times as of 05:00 p.m., ending day two with muted investor interest.

The Qualified Institutions portion has been subscribed 1.54 times. Non-Institutional Buyers section is subscribed 3.95 times. The Retail Investors segment is subscribed 3.19 times.

The grey market premium for Gem Aromatics IPO was Rs 26, as of 05:34 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.

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%.

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%.

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%.

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%.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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. 

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%

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.

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.

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.

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.

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.

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!