Share Market News / 4 companies will debut in the stock market, who is the biggest favorite

Share Market News: Four companies - Patel Retail, Vikram Solar, Shreeji Shipping, and Gem Aromatics - are going to debut in the stock market on Tuesday, August 26. Of these, Patel Retail has received the best response in the gray market and is considered a big contender for a strong start. At the same time, a good listing is also expected for Vikram Solar and Shreeji Shipping, while Gem Aromatics may list with a slight increase. Let us know in detail about the business and gray market premium (GMP) of these four companies.

Patel Retail: Highest GMP at 18%

Patel Retail is trading at a gray market premium (GMP) of 18% ahead of its listing. This supermarket chain, which focuses on tier-III cities, operates 43 stores in Maharashtra and Gujarat. Its IPO received tremendous demand, being subscribed 95.69 times overall. This includes a subscription of 272 times from qualified institutional buyers (QIBs) and 108 times from non-institutional investors (NIIs). With strong subscription and steady retail interest, the company is expecting a positive listing provided the market sentiment remains positive.

Vikram Solar: Strong position with 14% GMP

Vikram Solar, one of India's leading solar PV module manufacturers, is trading at a grey market premium of 14%. Its Rs 2,079 crore IPO received a subscription of 56.42 times, with QIBs bidding 145 times more than the shares reserved for them. The company's fundamentals are strong with key customers such as NTPC, Adani Green, and JSW Energy. While valuations are still attractive, the stock is likely to open in the green due to strong institutional support.

Shreeji Shipping: Stable upside with 13% GMP

Shreeji Shipping Global has raised Rs 123 crore from anchor investors and is trading at a grey market premium of 13%. The shipping and logistics company operates across 20 Indian ports and one Sri Lankan port. Its fleet comprises over 80 vessels and 370 earthmoving machines. Its IPO was well received. Investors will keep an eye on whether favourable conditions in the logistics sector help it generate stable listing gains.

Gem Aromatics: Limited upside expected with 8% GMP

Gem Aromatics is trading at a modest grey market premium of 8% ahead of its listing. Its IPO was subscribed 30 times, with good interest from both institutional and retail investors. The company manufactures essential oils, aroma chemicals, and value-added derivatives and supplies to 18 countries. Though there is niche demand in the sector, its listing gains may be limited compared to Patel Retail and Vikram Solar.