Patel retail-shreeji shipping ipo: The IPO is popular in the stock market. From the main board to SME, there is a glut of new IPOS. In this series, two companies Patel Retail and Shipping IPO are going to open next week. However, there is tremendous enthusiasm among investors even before the subscription begins for the IPO of these companies. There has been a tremendous bounce in the Gray Market Premium (GMP) for both Patel Retail and Shipping. With the latest GMP, let us tell you the complete details of the IPOs of these companies.
Patel Retail IPO
Price Band: The company has fixed a price band of ₹ 237-255 per share for its IPO.
IPO dates: The issue will open on August 19 and will close on August 21, while the bid for anchor investors will be on August 18.
Details of Issu: The fresh issue size on the upper price band will be around ₹ 217.21 crore, as well as an offer for sale (offs) by the existing shareholders and promoters.
Listing: Allotment will be finalized on 22 August and the listing is scheduled on 26 August.
The Gray Market Premium (GMP) of Patel retail shares operating a retail supermarket chain in Maharashtra is about 12%. According to Investorgain, its Gmp is ₹ 30 per share, indicating a listing gain of 11.76%.
Shreeji shipping IPO
Price Band: 40-252 per share
IPO dates: The issue will open on August 19 and will close on 21 August. Anchor bidding will take place on 18 August.
Details of Issu: This will be a completely fresh issue of 1.6 million shares, which is about ₹ 410.71 crore on the upper price band.
company business: The company provides shipping and logistics solution for dry bulk cargo on port and jetty in India and Sri Lanka. It operates over 80 vessels and more than 370 economizing devices.
The GMP of shares of Gujarat-based Shipping Global, which provides cargo handling, transport and other services is currently 10%. According to Investorgain, its Gmp is ₹ 25 per share, indicating a listing gains of 9.92%.