Which 8 IPOs are open for public subscription this week?

Dalal Street is set to remain busy this week with eights IPOs opening for public bidding. The eight companies are aiming to raise more than Rs 3,700 crore from the capital markets by going public. Five of them fall under the mainboard category, aiming to raise Rs 3,584 crore from their respective maiden public issues.

Four of the mainboard IPOs opened today for public bidding. Vikram Solar, the solar panels manufacturer, which is the largest amongst them, is raising Rs 2,079 crore via IPO. Its public issue consists of fresh issuance of shares worth Rs 1,500 crore, and an offer-for-sale (OFS) of 1.74 crore shares worth Rs 579 crore. The price band for the offer has been fixed at Rs 315-332 per share.

Shipping and logistics company Shreeji Shipping Global launched its maiden public issue to raise Rs 411 crore through an entirely fresh issue of shares at a price band of Rs 240-252 per share. The IPO will remain open for public bidding between August 19 and August 21. Investors can bid for a minimum of 58 shares, requiring an investment of Rs 14,616 at the upper price band, and in multiples thereafter. The allotments will likely be finalized by August 22, and the shares are scheduled to debut on stock markets on August 26.

Retail supermarket chain Patel Retail's Rs 243-crore IPO is a mix of fresh issue of 85.18 lakh shares, and an OFS of 10.02 lakh shares, with price band of Rs 237-255 per share. The IPO will remain open for public bidding between August 19 and August 21. The allotments will likely be finalized by August 22, and the shares are scheduled to debut on stock markets on August 26.

Mumbai-based Gem Aromatics, which manufactures specialty ingredients including essential oils, aroma chemicals and value-added derivatives, launched its IPO to raise more than Rs 451 crore through fresh issue of shares worth Rs 175 crore, and an offer-for-sale of 85 lakh shares by existing shareholders, including investor Doterra Enterprises which holds 25 percent stake. The company has set a price band of Rs 309-325 per share for its maiden public issue. Investors can bid for a minimum of 46 shares, requiring an investment of Rs 14,950 at the upper price band, and in multiples thereafter.

Mangal Electrical Industries, which specialises in processing transformer components, will be the last IPO amongst them, opening for subscription on August 20 with a price band of Rs 533-561 per share. It is raising Rs 400 crore entirely via a fresh issue.

In the SME segment, investors will see three maiden public issues - Studio LSD, LGT Business Connextions, and Classic Electrodes (India) - opening this week, on August 18, August 19, and August 22, respectively. Multimedia production house Studio LSD intends to raise a little over Rs 70 crore via a public issue with a price band of Rs 48-51 per share, and this is the largest issue amongst these three.

Travel service aggregator LGT Business Connextions is mobilising Rs 28.09 crore via IPO at a fixed price of Rs 107 per share. Kolkata-based welding consumables maker Classic Electrodes (India) aims to mop up Rs 41.5 crore through its initial share sale. The price band for the offer has been fixed at Rs 82-87 per share.

This week, a total of seven new companies will be available for trading on the bourses after their IPOs, including two - BlueStone Jewellery & Lifestyle, and Regaal Resources - from the mainboard segment.