Upcoming Mainboard IPOs: Shreeji Shipping Global Ltd, Mangal Electrical Industries, Vikram Solar & More

The coming week is going to see a surge in IPO numbers with five mainboard IPOs gearing up for their stock market debut. The upcoming mainboard IPOs include Mangal Electrical Industries Ltd, 

Patel Retail Ltd, Vikram Solar Ltd, Gem Aromatics Ltd and Shreeji Shipping Global Ltd.

Here’s everything you need to know about these upcoming initial public offerings (IPOs).

Shreeji Shipping Global Ltd IPO

Shreeji Shipping Global Ltd is a shipping and logistics company specializing in dry bulk cargo services across India and Sri Lanka. It offers services like cargo handling, transportation, fleet chartering, and equipment rentals. In FY 2025, the company generated ₹607.6 crore in revenue, with an EBITDA of ₹200.6 crore.

• IPO Dates:  Shreeji Shipping Global IPO opens for subscription on Aug 19, 2025 and closes on Aug 21, 2025.
• Issue Size: Shreeji Shipping Global IPO is a book build issue of ₹410.71 crores. The issue is entirely a fresh issue of 1.63 crore shares.
• Price Band: The company has set the price band between ₹240.00 to ₹252.00 per share.
• Book-running lead managers: Beeline Capital Advisors Pvt. Ltd. 
• Registrar: Bigshare Services Pvt. Ltd.
• Allotment:  Aug 22, 2025.
• Listing: The shares are proposed to be listed on the NSE and the BSE on Aug 26, 2025.

Gem Aromatics Ltd IPO

Gem Aromatics Ltd is a Mumbai-based manufacturer of specialty ingredients like essential oils, aroma chemicals, and value-added derivatives. With over 20 years of experience, the company serves industries such as personal care, oral care, cosmetics, pharmaceuticals, and wellness. It operates three advanced manufacturing facilities in Uttar Pradesh, Dadra & Nagar Haveli, and Gujarat, and counts major clients like Colgate-Palmolive, Dabur, Patanjali, SH Kelkar, Rossari Biotech, and Symrise.

In FY 25, Gem Aromatics reported ₹504 crore in revenue and ₹53 crore in net profit.

• IPO Dates:  Gem Aromatics IPO opens for subscription on Aug 19, 2025 and closes on Aug 21, 2025.
• Issue Size: Gem Aromatics IPO is a book build issue of ₹451.25 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to ₹175.00 crores and offer for sale of 0.85 crore shares aggregating to ₹276.25 crores.
• Price Band: The company has set the price band between ₹309.00 to ₹325.00 per share.
• Book-running lead managers: Motilal Oswal Investment Advisors Ltd.
• Registrar: Kfin Technologies Ltd.
• Allotment:  Aug 22, 2025.
• Listing: The shares are proposed to be listed on the NSE and the BSE on Aug 26, 2025.

Vikram Solar Ltd IPO

Vikram Solar Ltd is a leading Indian renewable energy company, primarily engaged in manufacturing solar photovoltaic (PV) modules, along with engineering, procurement, construction (EPC), and operations & maintenance (O&M) services.

In FY 25, Vikram Solar posted strong growth with revenue of ₹3,423.5 crore and profit after tax of ₹139.8 crore.

• IPO Dates:  Vikram Solar IPO opens for subscription on Aug 19, 2025 and closes on Aug 21, 2025.
• Issue Size: Vikram Solar IPO is a book build issue of ₹2,079.37 crores. The issue is a combination of fresh issue of 4.52 crore shares aggregating to ₹1,500.00 crores and offer for sale of 1.75 crore shares aggregating to ₹579.37 crores.
• Price Band: The company has set the price band between ₹315.00 to ₹332.00 per share.
• Book-running lead managers: JM Financial Ltd. 
• Registrar: MUFG Intime India Pvt.Ltd.
• Allotment:  Aug 22, 2025.
• Listing: The shares are proposed to be listed on the NSE and the BSE on Aug 26, 2025.

Explore other Upcoming IPOs on BSE and NSE.

Patel Retail Ltd IPO

Patel Retail Ltd is a value-oriented supermarket chain operating under the brand Patel’s R Mart. Established in 2008, it focuses on serving tier-III and suburban markets around Thane and Raigad in Maharashtra. As of May 31, 2025, it runs 43 stores spread across approximately 178,946 sq. ft. of retail space.

The company offers a wide variety of products including food, home essentials, apparel, and general merchandise, with a growing range of private-label products such as Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials. In FY 2025, Patel Retail posted revenues of ₹820.7 crore and Profit after tax increased to ₹25.3 crore.

• IPO Dates:  Patel Retail IPO opens for subscription on Aug 19, 2025 and closes on Aug 21, 2025.
• Issue Size: Patel Retail IPO is a book build issue of ₹242.76 crores. The issue is a combination of fresh issue of 0.85 crore shares aggregating to ₹217.21 crores and offer for sale of 0.10 crore shares aggregating to ₹25.55 crores.
• Price Band: The company has set the price band between ₹237.00 to ₹255.00 per share.
• Book-running lead managers: Fedex Securities Pvt.Ltd.
• Registrar: Bigshare Services Pvt. Ltd.
• Allotment:  Aug 22, 2025.
• Listing: The shares are proposed to be listed on the NSE and the BSE on Aug 26, 2025.

Check out newly Listed IPOs on BSE and NSE.

Mangal Electrical Industries Ltd IPO

Mangal Electrical Industries Ltd, based in Rajasthan, is a prominent manufacturer of components for transformers and power infrastructure. Their offerings include transformer laminations, CRGO slit coils, amorphous cores, core and coil assemblies, wound/toroidal cores, oil-immersed circuit breakers, and complete transformers ranging from 5 KVA to 10 MVA. It serves major public and private clients like Ajmer Vidyut Vitran Nigam, Jaipur Vidyut Vitran Nigam, Voltamp Transformers, and Western Electrotrans. 

In FY 2024, the company reported revenue of ₹449.48 crore. As of mid-2025, FY 25 financials show improved performance with revenue rising to ₹549.42 crore and net profit increasing to ₹47.30 crore.

• IPO Dates:  Mangal Electrical Industries IPO opens for subscription on Aug 20, 2025 and closes on Aug 22, 2025.
• Issue Size: Mangal Electrical Industries IPO is a book build issue of ₹400.00 crores. The issue is entirely a fresh issue of 0.71 crore shares of ₹400.00 crore.
• Price Band: The company has set the price band between ₹240.00 to ₹252.00 per share.
• Book-running lead managers: Systematix Corporate Services Ltd.
• Registrar: Bigshare Services Pvt. Ltd.
• Allotment:  Aug 22, 2025.
• Listing: The shares are proposed to be listed on the NSE and the BSE on Aug 26, 2025.

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