Upcoming IPOs and Their Potential for Listing Gains

By Emily, Correspondent  |  Tuesday, 26 August 2025, 14:25 Hrs


Upcoming IPOs and Their Potential

Initial Public Offerings (IPOs) have always attracted attention from retail and institutional investors alike. They open a gateway for companies to raise capital from the market while allowing investors to participate in the company’s growth story from the very beginning. Over the next few weeks, several IPOs are lined up across different sectors, each with its own scale, investment requirement, and potential. While investors often look at fundamentals, sectoral outlook, and demand in the grey market, it is equally important to view upcoming issues with a balanced perspective.

This article explores the details of some of the IPOs currently open, their issue size, price range, and timelines, providing readers with a broad view of opportunities without making any predictions.

LGT Business Connexions Ltd IPO

LGT Business Connexions Ltd has opened its issue with a focus on tapping into the SME segment.

  • Issue size: ₹28 Crores
  • Price range: ₹0 – ₹107 per share
  • Open date: 19 August 2025
  • Close date: 21 August 2025
  • Minimum investment: ₹2,56,800

As an SME offering, this IPO has a higher minimum investment compared to other issues in the same window. Such IPOs are often considered niche in nature, catering to a specific group of investors who understand smaller business dynamics. While the subscription status is yet to pick up, the company’s decision to price its shares within a relatively affordable band might draw attention from investors looking at SME opportunities.

Mangal Electrical Industries Ltd IPO

Mangal Electrical Industries Ltd, operating in the electrical sector, is launching one of the larger issues this season.

  • Issue size: ₹400 Crores
  • Price range:₹561 – ₹533 per share
  • Open date: 20 August 2025
  • Close date: 22 August 2025
  • Minimum investment: ₹14,586

The company belongs to a segment that has shown steady demand over the years, given the focus on infrastructure, manufacturing, and industrial expansion. The price range set indicates the management’s confidence in its valuation. With a modest minimum investment, retail participation could be expected in higher numbers.

Vikram Solar Ltd IPO

Vikram Solar Ltd brings in one of the largest IPOs in this round. Being associated with renewable energy, the company stands in a sector that has drawn global as well as domestic investor interest.

  • Issue size: ₹2,079 Crores
  • Price range: ₹332 –₹315 per share
  • Open date: 19 August 2025
  • Close date: 21 August 2025
  • Minimum investment: ₹14,940

The renewable energy space has become central to India’s long-term energy planning. Solar power, in particular, has seen rapid adoption. Given the scale of the issue, institutional participation is expected to be strong, while retail investors have a manageable entry point with the minimum investment figure. For those applying through a stock broker in India, renewable-focused companies like Vikram Solar often stand out as part of a long-term portfolio mix.

Patel Retail Ltd IPO

Patel Retail Ltd, with its background in retail operations, is another name to watch among the current IPOs.

  • Issue size: ₹243 Crores
  • Price range:₹255 – ₹237 per share
  • Open date: 19 August 2025
  • Close dat: 21 August 2025
  • Minimum investment:₹14,790

Retail companies are often viewed for their consumer-facing potential. With changing consumption trends and the rise of organised players, this IPO might catch the eye of investors who want exposure to the retail landscape. The relatively affordable entry size further broadens participation.

Gem Aromatics Ltd IPO

Gem Aromatics Ltd is also opening its IPO window in the same period.

  • Issue size: ₹451 Crores
  • Price range: ₹325 – ₹309 per share
  • Open date: 19 August 2025
  • Close date: 21 August 2025
  • Minimum investment: ₹14,950

The company operates in a niche yet growing segment. The investment threshold and pricing range align with what retail participants typically prefer, which could help in subscription levels.

Observations Across These IPOs

When looking at these upcoming IPO offerings together, a few patterns stand out:

  • Diverse sectors: From renewable energy and electrical industries to retail and aromatics, the IPOs span across different parts of the economy. This diversity gives investors options to align with their preferred sectors.
  • Investment thresholds: Except for the SME-focused LGT Business Connexions, most IPOs in this batch have minimum investment requirements in the range of ₹14,500 to ₹15,000, keeping them accessible for small and medium retail investors.
  • Issue sizes: The variation in issue sizes is significant. Vikram Solar at ₹2,079 crores and Mangal Electrical at ₹400 crores indicate large-scale participation, while Patel Retail and Gem Aromatics represent mid-sized offerings. LGT Business Connexions, with ₹28 crores, highlights the SME niche.
  • Timelines: With most issues closing between 21 and 22 August, investors have a narrow window to evaluate and apply. This requires careful planning to avoid last-minute decisions.

Factors Influencing Potential Listing Gains

While it is common to discuss the possibility of listing gains, it is important to understand the drivers that might influence outcomes. Investors typically track a few broad elements:

  • Subscription demand: Oversubscription, particularly in the retail and institutional categories, often sets the tone for listing day interest.
  • Sector sentiment: If the sector is currently in focus, for example, renewable energy or retail consumption, it can impact how the IPO is received.
  • Valuation comfort: The price range set by the company plays a role in shaping investor perception of value.
  • Market conditions: Broader share market trends and liquidity flows during the IPO period are key external factors.

These elements are not guarantees but rather indicators that many investors monitor before making participation decisions.

What Retail Investors Can Keep in Mind

Retail investors often form the backbone of IPO participation. Here are a few considerations they may find useful when looking at the upcoming IPOs:

  • Evaluate risk appetite: Minimum investment amounts vary, and while many IPOs keep thresholds reasonable, SME offerings may require higher commitments.
  • Diversify exposure: Spreading across different sectors rather than concentrating in one issue may balance risk.
  • Stay updated: Tracking subscription data during the IPO window gives a clearer picture of demand.
  • Understand timelines: With multiple IPOs closing around the same time, planning is essential to ensure applications are completed smoothly.

Conclusion

The current IPO season brings a mix of opportunities across different sectors and company sizes. From large issues like Vikram Solar to focused SME offerings such as LGT Business Connexions, investors have several choices on their table. While the potential for listing gains is often a talking point, what matters more is aligning investments with personal risk appetite, sector preference, and financial goals.

As these IPOs open and close in quick succession, keeping track of subscription trends, sector outlook, and market conditions can help investors make informed decisions. Each issue represents not just a chance for fundraising by the company but also an entry point for individuals and institutions into varied growth stories.

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