Upcoming IPOs Next Week (Aug 18–22, 2025): Gem Aromatics, Vikram Solar Among 7 Public Issues — Full List with Price Bands

IPO Buzz Continues Despite Market Volatility

Despite the volatility in secondary markets, India’s primary market remains strong, with investors showing keen interest in new listings. Next week (August 18–22, 2025), a total of seven new IPOs — five mainboard and two SME issues — will open for subscription.

Additionally, the week will also see seven fresh IPO listings across NSE, BSE, and SME platforms.

IPOs Opening for Subscription Next Week

Here’s a detailed look at the IPOs hitting Dalal Street in the coming week:

1. Studio LSD IPO (SME)

• Open: Aug 18 | Close: Aug 20
• Price Band: ₹51 – ₹54 per share

2. Shreeji Shipping Global IPO

• Open: Aug 19 | Close: Aug 21
• Price Band: ₹240 – ₹252 per share

3. Gem Aromatics IPO

• Open: Aug 19 | Close: Aug 21
• Price Band: ₹309 – ₹325 per share

4. Vikram Solar IPO

• Open: Aug 19 | Close: Aug 21
• Price Band: ₹315 – ₹332 per share

5. Patel Retail IPO

• Open: Aug 19 | Close: Aug 21
• Price Band: ₹237 – ₹255 per share

6. Mangal Electrical IPO

• Open: Aug 20 | Close: Aug 22
• Price Band: ₹533 – ₹561 per share

7. LGT Business Connextions IPO (SME)

• Open: Aug 19 | Close: Aug 21
• Price: ₹107 per share (fixed price issue)

IPO Listings Scheduled Next Week

Along with new issues, several IPOs are set to make their stock market debut next week:

• Star Imaging IPO (SME) – Aug 18 (BSE SME)
• Medistep Healthcare IPO (SME) – Aug 18 (NSE SME)
• ANB Metal Cast IPO (SME) – Aug 18 (NSE SME)
• BlueStone Jewellery IPO – Aug 19 (NSE, BSE)
• Icodex Publishing Solutions IPO (SME) – Aug 19 (BSE SME)
• Regaal Resources IPO – Aug 20 (NSE, BSE)
• Mahendra Realtors IPO (SME) – Aug 20 (NSE SME)

Market Outlook: Should Investors Subscribe?

• Diversity in Sectors: From renewable energy (Vikram Solar) and fragrances (Gem Aromatics) to retail and electricals, investors have options across multiple industries.
• SME IPOs in Focus: The SME segment continues to draw attention from HNIs and retail investors looking for listing gains.
• Valuation Watch: Analysts caution that while subscription interest remains strong, investors should review fundamentals, peer comparisons, and grey market premium (GMP) before applying.

Expert View

“IPOs like Vikram Solar and Gem Aromatics could see strong demand given sectoral tailwinds in renewable energy and specialty chemicals. However, investors should avoid overexposure and evaluate company fundamentals over short-term grey market cues,” said a senior market analyst at a leading brokerage.

The upcoming week (Aug 18–22, 2025) promises to be eventful for IPO investors, with seven fresh issues and seven listings lined up. Key IPOs like Gem Aromatics, Vikram Solar, Patel Retail, and Mangal Electrical are expected to attract significant retail and institutional participation.

For investors, the focus should remain on long-term fundamentals rather than just chasing listing gains.