IPO Last Day: Subscription & GMP Data

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Posted by AI on 2025-08-21 08:23:53 | Last Updated by AI on 2025-08-21 09:52:06

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Retail investors continue to bet on Patel Retail, Vikram Solar, while Gem Aromatics listings sees tepid response

The last day of the initial public offering (IPO) of Gem Aromatics, Patel Retail, Vikram Solar, and Shreeji Shipping saw strong demand amid lukewarm responses from retail investors.

Patel Retail attracted the strongest demand from retail investors, with a subscription ratio of 23.06 times. The issue was subscribed 3.90 times overall. Vikram Solar was subscribed 5.8 times by both retail and institutional investors, while the issue received a subscription ratio of 8.6 times from retail investors alone for Shreeji Shipping.

Responding to the disappointing demand for Gem Aromatics, an analyst at Bombay Stock Exchange (BSE) said, "The company's earnings visibility remains low, and without significant revenue growth, investor interest will likely remain tepid."

The muted response to Gem Aromatics underscores the challenge for the company to compete in a highly competitive market with limited growth prospects.

Overall, the four IPOs received a strong response from investors, with a total subscription ratio of 2.6 times.

The listings are expected to provide a boost to the Indian stock exchanges and reflect well on the broader economy.

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