Patel Retail shines on debut; Vikram Solar, GEM, Shreeji tepid
Four IPOs debuted Tuesday with mixed results. Patel Retail stole the spotlight, listing at nearly 20% premium after a blockbuster 95.7x subscription. Vikram Solar opened 2% higher, despite grey market signaling 11% gains. Gem Aromatics had a muted start, flat on BSE. Shreeji Shipping listed 7-8% above issue price, raising funds for fleet expansion and debt repayment.