Vikram Solar vs Patel Retail vs Shreeji Shipping vs Gem Aromatics: Which IPO Made Strong Listing Debut Today?

Vikram Solar vs Patel Retail vs Shreeji Shipping vs Gem Aromatics: The closely-tracked Vikram Solar, Patel Retail, Gem Aromatics and Shreeji Shipping Global were listed on the Indian stock market on Tuesday, August 26, after the conclusion of their initial public offerings (IPO) subscription and allotment last week.

The four IPOs showcased a mixed performance in terms of stock market listing. While Patel Retail made a strong debut, Vikram Solar showcased a muted entry on the stock market. Gem Aromatics and Shreeji Shipping had a modest opening today. Here are all the details for primary market investors tracking these companies' listing price and current market price today.

Vikram Solar Listing Price

Vikram Solar shares made a muted listing on NSE and BSE today. However, the stock witnessed a sharp surge after the listing on the bourses. Vikram Solar share price was listed on the BSE at Rs 340, with a premium of 2.4%. The Vikram Solar IPO issue price was fixed at Rs 332.

The IPO subscription has come despite a 54.42 times subscription of the IPO. "At current levels, Vikram Solar trades at a P/E multiple of around 72x, which is at a premium compared to domestic peers in the renewable energy manufacturing space. However, note that this valuation premium reflects expectations of sustained earnings growth," explained Gaurav Garg, Lemonn Markets Desk.

Vikram Solar Share Price Today

Vikram Solar's share price was trading 7.81% higher at Rs 364.4 per share on BSE at 1:51 with a market capitalisation of Rs 13,180.97 crore.

"Vikram Solar provides strong access to India's transition to renewable energy, the present premium valuation calls for patience. Long-term players with 3-5 year time frame might gain from India's solar revolution, but short-term returns look constrained considering the costly entry point," stated brokerage Master Capital Services

Patel Retail Listing Price

Patel Retail made a strong debut on the Indian stock market today. The company shares were listed at Rs 300 per share and touched an intraday high of Rs 305 per share. The strong listing debut indicates investors' confidence on the stock.

"This was a 17.6% premium over its issue price of Rs 255. The IPO attracted significant interest, with subscriptions reaching 95.70 times, driven by strong QIB interest at 272 times. This reflects solid confidence from institutional investors," explained Master Capital Services in its note.

The brokerage has noted that investors must carefully evaluate the company's performance in terms of utilisation of IPO funds, working capital, store expansion, profit margins, and execution before "increasing their investment, medium to long-term" duration.

Patel Retail Share Price Today

As Patel Retail stock made a strong listing on the Indian stock market today, the stock witnessed profit booking. Patel Retail shares were trading 5% lower at Rs 289.75 per share on BSE with a market capitalisation of Rs 967.78 crore.

Shreeji Shipping Listing Share Price

Shreeji Shipping Global Limited shares made a listing at 7% premium at Rs 252 on BSE and NSE. The stock company had fixed a price band of Rs 240-252 per share. The decent market debut indicates strong investors confidence on the stock.

Master Capital Services believes that the stock can provide a long-term exposure to investors to India s logistic transformation story and better returns in future.

"As Shreeji enjoys an established market position, rising margins, and the potential for growth, the firm is a strategic exposure for investors looking for the logistics transformation story in India which should still have a long tail. SREJ offers investors long-term exposure to the growth of Logistics in India, and the upside potential on future AI integrations and current succession plans," added the brokerage.

Shreeji Shipping Share Price Today

Shreeji Shipping shares turned red after decent stock market listing. The company scrip was trading 4.4% lower at Rs 259.9 per share on BSE with a market capitalisation of Rs 4,234.25 crore.

Gem Aromatics Listing

With a below-expectations listing on BSE and NSE today, Gem Aromatics shares started with a 2.5% premium at Rs 333 per share. The Gem Aromatics GMP was indicating a listing at Rs 353 per share. The IPO saw solid demand and investors interest in the primary market.

"The weak listing indicates that valuations were already high, and near-term gains may be limited. For short-term investors, it's best to take profits after listing if the stock shows further strength because sentiment-driven premiums are already factored into the price," explained Master Capital Services.

"Medium-term investors should wait and see. They need to watch quarterly results and margin performance to see if demand remains strong. Long-term investors can hold part of their shares due to the company's unique position in specialty ingredients," it added.

Gem Aromatics Share Price Today

Gem Aromatics shares were trading 1% higher at Rs 328.4 per share on BSE with a market capitalisation of Rs 1,715.47 crore.