The next week is going to be special for those investing in the stock market. Five big companies are bringing their IPOs (Initial Public Offering). Investors are eyeing where a profit can be made by investing. These include Mars Electric, Gem Aromatics, Vikram Solar, Shreeji Shopping Global and Patel Retail.

1. Mangal Electric Industries

The IPO of Mars Electric Industries will be open from August 20 to August 22. Its price band has been fixed at Rs 533 to Rs 561 per share. The company will issue around 7.1 lakh shares, the total value of which will be around Rs 400 crore.

2. Gem Aromatics

Gem Aromatics will issue 5.4 lakh fresh shares, whose total price is Rs 451 crore. This IPO will be open for subscription from August 19 to August 21. The stock price band can be Rs 309 to Rs 325 per share.

3. Vikram Solar

The first IPO of Vikram Solar will also be launched this week. This will be a fresh issue of Rs 1500 crore and the company is targeting to raise a total of Rs 2079.37 crore. Its subscription will be from 19 August to 21 August, while the stock allocation can be decided on 22 August. Its price band is expected to be Rs 315 to Rs 332 per share.

4. Shreeji Shopping Global

The IPO of Shreeji Shopping Global will open from August 19 to August 21. The company plans to raise Rs 410.71 crore through it. This will be a completely fresh share issue. Its price band has been fixed at Rs 240 to Rs 252 per share. Its listing will be on BSE and NSE from 26 August, while the stock allocation can be done on 22 August.

5. Patel Retail

Patel Retail’s IPO will be open from August 19 to August 21. Under this, 8.5 lakh fresh shares will be issued, while about 1 lakh shares will be sold through offers for sale (offs). Share allocation will be held on 22 August.

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Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)