The Indian stock market is set for an eventful week with seven new Initial Public Offerings (IPOs) opening for subscription. Out of these, five are mainboard IPOs and two belong to the Small and Medium Enterprises (SME) segment. Together, they bring a mix of companies from diverse sectors such as shipping, solar energy, electrical equipment, retail, and creative design. Investors are closely watching these offerings as the primary market continues to remain active with strong interest from both institutional and retail participants.
Shreeji Shipping Global is one of the larger IPOs hitting the market this week. The company has fixed its subscription window between August 19 and August 21, with the expected listing date on August 26. The issue size is about ₹410.7 crore.
Being part of the shipping and logistics industry, the company offers services in an area that is vital to India’s growing trade and export activities. With increasing demand for efficient shipping and port operations, the firm’s IPO has drawn attention from investors who see long-term growth potential in the logistics space.
Another company entering the public market is Gem Aromatics, which is scheduled to open its issue during the same period from August 19 to August 21. The listing date is also likely to be August 26. The IPO involves a fresh issue worth around ₹175 crore.
The company works in the fragrance and chemicals sector, catering to industries such as perfumes, cosmetics, and food flavors. With lifestyle and consumer goods industries expanding in India, Gem Aromatics has a strong opportunity to scale further. Its IPO is expected to attract both retail and institutional investors looking for exposure to niche consumer-driven businesses.
Vikram Solar is one of the most anticipated IPOs of the week, as it belongs to the renewable energy sector. The price band has been set between ₹315 and ₹332 per share. The IPO opens on August 19 and closes on August 21, with the listing expected on August 26.
The company is one of the leading solar energy solution providers in India, engaged in manufacturing photovoltaic modules and offering engineering, procurement, and construction services. With the Indian government’s strong focus on renewable energy and the global push towards clean power, Vikram Solar’s IPO is drawing significant interest. Investors see it as a chance to participate in the rapid growth of green energy in India.
Patel Retail is another mainboard IPO opening this week, with a subscription period between August 19 and August 21. The issue size is estimated between ₹216 and ₹242 crore, with the listing expected on August 26. The company operates in the retail segment, focusing on consumer goods and distribution.
With India’s retail industry expanding due to rising disposable incomes and increasing urbanisation, Patel Retail is expected to use the capital raised for business expansion and to strengthen its distribution network. The IPO is being closely tracked by those interested in India’s growing consumption story.
Mangal Electrical Industries will open its IPO subscription window between August 20 and August 22. The company is looking to raise between ₹400 and ₹533 crore, with a listing expected on August 27.
As a manufacturer of electrical equipment and components, the company plays a role in supporting the country’s infrastructure and industrial growth. With rising investments in infrastructure, energy, and industrial projects, companies like Mangal Electrical are expected to benefit significantly. The IPO is being seen as an opportunity for investors to get exposure to India’s expanding power and infrastructure sector.
Among the SME IPOs, Studio LSD will open its issue from August 18 to August 20. The expected listing date is August 25. The company aims to raise between ₹70 and ₹74 crore, with a price band fixed between ₹48 and ₹54 per share.
Studio LSD operates in the creative design and architecture space, offering design solutions and innovative services to clients. As SMEs increasingly gain investor attention due to their growth potential, this IPO gives small investors an opportunity to invest in a design-driven enterprise with a niche market presence.
The second SME IPO of the week is LGT Business Connextions. Its subscription window is from August 19 to August 21, and the listing is scheduled for August 26. The company has planned an issue size of about ₹28 crore, with a fixed price of ₹107 per share.
LGT Business Connextions provides business process outsourcing and consultancy services, helping enterprises manage operations more efficiently. The SME sector in India is expanding rapidly, and the public offering provides investors a chance to invest in a growing services business with long-term prospects.
| Company | IPO Type | Issue Size (₹ Cr) | Price Band (₹) | Subscription Dates | Listing Dates |
|---|---|---|---|---|---|
| Shreeji Shipping Global | Mainboard | ~410.7 | Not specified | Aug 19–21 | Aug 26 |
| Gem Aromatics | Mainboard | ~175 | Not specified | Aug 19–21 | Aug 26 |
| Vikram Solar | Mainboard | — | ₹315 – ₹332 | Aug 19–21 | Aug 26 |
| Patel Retail | Mainboard | ~216–242 | — | Aug 19–21 | Aug 26 |
| Mangal Electrical Industries | Mainboard | ~400–533 | — | Aug 20–22 | Aug 27 |
| Studio LSD | SME | ~70–74 | ₹48 – ₹54 | Aug 18–20 | Aug 25 |
| LGT Business Connextions | SME | ~28 | ₹107 | Aug 19–21 | Aug 26 |
The upcoming week is one of the busiest on the IPO calendar, with seven offerings lined up. Grey Market Premiums, which act as informal indicators of investor sentiment, are currently muted for most of these issues. However, investor enthusiasm remains strong, especially for companies in sectors such as renewable energy and logistics, which are considered high-growth areas.
Vikram Solar is attracting significant attention because of its presence in the clean energy sector, which aligns with the government’s ambitious renewable energy goals. Studio LSD and LGT Business Connextions are smaller in scale but add diversity to the SME space, which has been witnessing impressive subscription levels in recent months.
Recent listings provide useful context for this week’s activity. For example, Sawaliya Food Products, an SME IPO, was listed at a premium of nearly 90 percent over its issue price. This reflects the strong demand for quality SME offerings. At the same time, some IPOs such as BlueStone Jewellery have seen weaker grey market signals, suggesting cautious investor sentiment in certain consumer-driven sectors.
The strong momentum in the primary market is supported by increased startup funding and overall growth in capital markets. India’s stock market continues to attract both domestic and foreign investors, with IPOs providing a crucial pathway for companies to raise funds and scale operations.
This week stands out for the number and diversity of IPOs hitting the market. Companies from shipping, chemicals, renewable energy, retail, electrical equipment, creative design, and business consultancy are opening their doors to investors. While some issues are large and sector-defining, others are smaller but provide niche opportunities. The combination of mainboard and SME IPOs ensures a wide range of choices for investors. Despite muted grey market trends, the overall outlook remains positive, with sectors like renewable energy and logistics offering strong long-term potential.