Anondita Medicare Ltd. is launching its IPO as a fresh issue of approximately ₹69.50 crore, offering up to 47.93 lakh equity shares at a price band of ₹137–₹145 per share. The IPO opened on August 22, 2025, and will close on August 26, 2025. The shares are slated to list on the NSE SME platform on September 1, 2025.
Anondita Medicare IPO – Day 1 Subscription Status
The IPO saw overall subscriptions of 3.39×, driven primarily by Retail Individual Investors (RII) at 5.89×. Non-Institutional Investors (NII) contributed 1.93×, while Qualified Institutional Buyers (QIB) showed moderate participation at 0.11×.
Investors Category
Subscription (×)
Qualified Institutional Buyers (QIB)
0.11
Non-Institutional Investors (NII)
1.93
bNII (above ₹10 lakh)
1.43
sNII (less than ₹10 lakh)
2.93
Retail Individual Investors (RII)
5.89
Total Subscriptions
3.39
Total Applications: 4,956 Total Bid Amount: ₹156 Cr.
Objective of the Anondita Medicare IPO
The primary objectives include funding capital expenditure for new equipment and machinery, meeting working capital requirements to ensure smooth business operations, and allocating funds for potential acquisitions and other general corporate purposes.
Objects of the Issue
Expected Amount (in Millions)
Funding capital expenditure requirements for the purchase of equipment/machineries
60
Funding the Working Capital requirement
350
Unidentified Acquisition and General Corporate Purposes
–
Anondita Medicare IPO GMP – Day 1 Update
On August 22, 2025, the IPO recorded a Grey Market Premium (GMP) of ₹65, leading to an estimated listing price of ₹210. This indicators a strong listing gain of 44.83%, reflecting high investor enthusiasm.
Date
GMP
Estimated Listing Price
Gain
August 22, 2025 (Day 1)
₹65
₹210
44.83%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Important Dates for Anondita Medicare IPO Allotment
Event
Date
Tentative Allotment
August 28, 2025
Initiation of Refunds
August 29, 2025
Credit of Shares to Demat
August 29, 2025
Listing Date on NSE SME
September 1, 2025
Anondita Medicare IPO – Key Details
Particulars
Details
IPO Opening Date
August 22, 2025
IPO Closing Date
August 26, 2025
Price Band
₹137–₹145 per share
Total Issue Size
₹69.50 crore (Fresh Issue)
Lot Size
1,000 shares
Listing Platform
NSE SME
Anondita Medicare Ltd. Overview
Anondita Medicare Ltd., incorporated in March 2024, is a Noida-based manufacturer of flavored male condoms under the brand “COBRA”, with a production capacity of 562 million pieces annually. Serving domestic and export markets (Southeast Asia, Africa, Middle East), the company demonstrated robust growth with revenue rising from ₹46.56 crore in FY24 to ₹77.13 crore in FY25, and PAT surging from ₹3.84 crore to ₹16.42 crore.
Easy Steps to Apply for Anondita Medicare IPO via Pocketful
Step 1: Install the Pocketful Trading App from Play Store or App Store. Step 2: Sign up and complete your KYC Step 3: Open the IPO section on the app Step 4: Search for “Anondita Medicare” Step 5: Tap Apply and enter your bid details
Frequently Asked Questions (FAQs)
What are the opening and closing dates of the Anondita Medicare IPO?
The IPO opened on August 22, 2025, and closes on August 26, 2025.
What is the price band of the IPO?
The price range is ₹137–₹145 per share.
What is the total size of the IPO?
The issue comprises a fresh issue of ₹69.50 crore.
When will Anondita Medicare shares be listed?
Listing is expected on September 1, 2025, on NSE SME.
What is the Day 1 subscription status?
The IPO has seen 3.39× overall subscription, led by 5.89 times in the retail category.
Shivashrit Foods Ltd. has launched its SME IPO today, August 22, 2025, with an issue size of ₹70.03 crore, comprising a fresh issue of ₹61.29 crore and an offer-for-sale of ₹8.75 crore. The IPO will remain open for subscription till August 26, 2025, and the shares are scheduled to list on the NSE SME (Emerge) platform on September 1, 2025.
Shivashrit Foods IPO – Day 1 Subscription Status
As of Day 1, subscription numbers indicate low demand, with overall subscriptions at 0.24×. Non-Institutional Investors (NII) led with 0.57×, Retail Individual Investors (RII) participated at 0.23×, while Qualified Institutional Buyers (QIB) showed no interest (0.00×).
Investor Category
Subscription (×)
Qualified Institutional Buyers (QIB)
0.00
Non-Institutional Investors (NII)
0.57
bNII (above ₹10 lakh)
0.76
sNII (less than ₹10 lakh)
0.19
Retail Individual Investors (RII)
0.23
Total Subscriptions
0.24
Total Applications: 216 Total Bid Amount: ₹11 Cr.
Objective of the Shivashrit Foods IPO
The funds raised will be used to finance expansion projects, strengthen working capital, and support general corporate needs, enabling the company to scale its operations efficiently.
Objects of the Issue
Expected Amount (in Millions)
Capital Expenditure (“Expansion Project”)
263
Working Capital Requirement for Expansion Project
190
General Corporate Purpose
–
Shivashrit Foods IPO GMP – Day 1 Update
At the end of its first day, the IPO had a Grey Market Premium (GMP) of ₹5, resulting in an estimated listing price of ₹147. This translated to a modest listing gain of 3.52%, indicating a cautious but positive market response.
Date
GMP (₹)
Estimated Listing Price (₹)
Gain (%)
August 22, 2025 (Day 1)
₹5
₹147
3.52%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Shivashrit Foods Ltd. IPO – Key Details
Particulars
Details
IPO Opening Date
August 22, 2025
IPO Closing Date
August 26, 2025
Price Band
₹135–₹142 per share
Total Issue Size
₹70.03 crore (Fresh: ₹61.29 Cr; OFS: ₹8.75 Cr)
Lot Size
1,000 shares
Listing Platform
NSE SME
Registrar
Maashitla Securities Pvt. Ltd.
Important Dates for Shivashrit Foods IPO Allotment
Event
Date
Tentative Allotment
August 28, 2025
Refunds Initiation
August 29, 2025
Credit of Shares to Demat
August 29, 2025
Listing Date on NSE SME
September 1, 2025
Shivashrit Foods Ltd. Overview
Incorporated in 2017 and headquartered in Aligarh, Uttar Pradesh, Shivashrit Foods Ltd. is engaged in the production, supply, and export of premium potato flakes used in ready-to-eat meals, snacks, and processed foods. Its processing facility holds multiple certifications including FSSAI, ISO 22000, HALAL, BRCGS, and USFDA, ensuring global standards of quality. The company markets its products both domestically and internationally, catering to rising demand in the food processing sector.
Financially, Shivashrit Foods has demonstrated strong growth momentum, with revenue increasing from ₹77.55 crore in FY2024 to ₹105.85 crore in FY2025, while PAT rose from ₹11.61 crore to ₹12.06 crore during the same period.
Easy Steps to Apply for Shivashrit Foods IPO via Pocketful
Classic Electrodes (India) Ltd.’s IPO is a fresh issue of ₹41.51 crore, with a price band of ₹82–₹87 per share. Bidding opens on August 22, 2025, and closes on August 26, 2025. The shares will be listed on NSE SME on September 1, 2025.
Classic Electrodes IPO – Day 1 Subscription Status
Classic Electrodes IPO subscribed 1.95 times and received 2.70x subscription in the individual investors category, 1.03x in QIB (Ex Anchor), and 1.42x in the NII category on Day 1 i.e. August 22, 2025.
Investors Category
Subscription (×)
Qualified Institutional Buyers (QIB)
1.03
Non-Institutional Investors (NII)
1.42
bNII (above ₹10 lakh)
1.25
sNII (less than ₹10 lakh)
1.77
Retail Individual Investors (RII)
2.70
Total Subscriptions
1.95
Total Applications: 1,435 Total Bid Amount: ₹53 Cr.
Objective of the Classic Electrodes IPO
The primary objectives of the IPO are to fund capital expenditures, repay outstanding borrowings, meet working capital requirements, and support general corporate purposes.
Objects of the Issue
Expected Amount (in Millions)
Funding capital expenditure of our company to purchase Plant and Machinery
100
Repayment of a portion of certain outstanding borrowing availed by the company
100
Funding the working capital requirements of the company
166
General Corporate Purposes
–
Classic Electrodes IPO GMP – Day 1 Update
On August 22, 2025, the IPO showed a Grey Market Premium (GMP) of ₹20, translating to an estimated listing price of ₹107. This resulted in a healthy listing gain of 22.99% for investors, signaling strong market enthusiasm for the IPO.
Date
GMP
Est. Listing Price
Gain
August 22, 2025 (Day 1)
₹20
₹107
22.99%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Classic Electrodes (India) Ltd. IPO – Key Details
Particulars
Details
IPO Opening Date
August 22, 2025
IPO Closing Date
August 26, 2025
Price Band
₹82–₹87 per share
Total Issue Size
₹41.51 crore (Fresh Issue)
Lot Size
1,600 shares
Listing Platform
NSE SME
Registrar
MUFG Intime India Pvt. Ltd.
Important Dates for Classic Electrodes IPO Allotment
Event
Date
Tentative Allotment
Thu, Aug 28, 2025
Initiation of Refunds
Thu, Aug 28, 2025
Credit of Shares to Demat
Fri, Aug 29, 2025
Listing Date on NSE SME
September 1, 2025
Classic Electrodes (India) Ltd. Overview
Established in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes (India) Limited is a leading manufacturer of welding consumables, including electrodes and MIG wires, catering to both domestic and international markets. The company offers a wide range of products such as mild steel, stainless steel, cast iron, deep penetration electrodes, and MIG wires for varied industrial applications. With two manufacturing units located in Dhulagarh, West Bengal, and Jhajjar, Haryana, it ensures strong regional coverage and efficient logistics, while the earlier Bahadurgarh unit was closed in FY 2023–24 as part of restructuring.
Easy Steps to Apply for Classic Electrodes IPO via Pocketful
Step 1: Install the Pocketful app from the Play Store or App Store. Step 2: Complete your KYC process. Step 3: Go to the IPO section on the app Step 4: Find “Classic Electrodes” in the IPO list Step 5: Tap Apply and enter your bid details
Frequently Asked Questions (FAQs)
What are the opening and closing dates of Classic Electrodes IPO?
The IPO opens on August 22, 2025, and closes on August 26, 2025.
What is the price band for the IPO?
The price band is set between ₹82 and ₹87 per share.
What is the issue size of the IPO?
The IPO size is ₹41.51 crore (fresh issue only).
When will the shares be listed?
Shares are expected to be listed on NSE SME on September 1, 2025.
What is the GMP of Classic Electrodes IPO on Day 1?
The GMP at the close of Classic Electrodes IPO on Day 1 was ₹20.
Mangal Electrical Industries Limited, a Jaipur-based manufacturer of transformer components and customized power-infrastructure solutions, is closing its ₹400 crore IPO today, August 22, 2025. The issue is a fresh issue only, with a price band of ₹533–₹561 per share. Following allotment, shares are scheduled to list on BSE and NSE on August 28, 2025.
Mangal Electrical IPO – Day 3 Subscription Status
The IPO was oversubscribed 9.95x overall, with Non-Institutional Investors (NII) leading at 19.78x and Qualified Institutional Buyers (QIB) subscribing 11.09x. Retail Individual Investors (RII) showed moderate interest at 5.09x.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
11.09
Non-Institutional Investors (NII)
19.78
bNII (above ₹10 lakh)
20.05
sNII (less than ₹10 lakh)
19.23
Retail Individual Investors (RII)
5.09
Total
9.95
Total Applications: 4,47,732
How to Check Mangal Electrical IPO Allotment Status
The allotment status can be checked online either via the Registrar’s website (Bigshare Services Pvt.Ltd.) or the BSE website.
Select the Equity segment and choose “Mangal Electrical Industries IPO.”
Enter PAN and Application Number (plus captcha, if any).
Click Submit to view allotment status.
Objective of the Mangal Electrical IPO
Mangal Electrical plans to deploy the IPO proceeds primarily for debt repayment, capacity expansion at its Unit IV facility in Rajasthan, and meeting working capital needs. A portion will also be set aside for general corporate purposes, strengthening its overall financial flexibility.
Objects of the Issue
Expected Amount (₹ in crores)
Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company
101.27
Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus, Sikar District, Rajasthan
87.86
Funding working capital requirements of the Company
122.00
General corporate purposes
–
Mangal Electrical IPO GMP – Day 3 Update
The last reported GMP for Mangal Electrical IPO is ₹16, last updated on August 22, 2025, 05:00 PM. With the upper price limit of ₹561, the IPO’s estimated listing price is ₹577. The expected percentage gain per share is 2.85%.
Date
GMP (₹)
Est. Listing Price (₹)
Gain (%)
22-08-2025 (DAY 3)
₹16
₹577
2.85%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Important Dates for Mangal Electrical IPO Allotment
Event
Date
Tentative Allotment
August 25, 2025
Refunds Initiation
August 26, 2025
Credit of Shares to Demat
August 26, 2025
Listing Date
August 28, 2025
Mangal Electrical Overview
Mangal Electrical Industries Ltd., founded in 1990 and based in Rajasthan, is a leading player in the electrical equipment manufacturing sector, specializing in transformers, cables, conductors, and other power transmission and distribution solutions. Its products cater to utilities, industrial clients, and infrastructure projects, ensuring reliable power distribution across markets. With multiple facilities, including an expanding Unit IV in Reengus, the company continues to scale its operations. Between FY24 and FY25, revenue grew by 22% while profit after tax surged 126%, reflecting strong growth momentum. Supported by a diversified product portfolio and operational efficiency, Mangal Electrical has built a resilient market position.
Frequently Asked Questions (FAQs)
What are the opening and closing dates of the Mangal Electrical IPO?
The IPO opened on August 20, 2025, and closed on August 22, 2025.
What is the price band of the IPO?
The price band is set at ₹533–₹561 per share.
What is the issue size of the IPO?
The IPO size is ₹400 crore, entirely a fresh issue.
When will the shares list?
The shares are expected to list on August 28, 2025, on BSE and NSE.
What are the objectives of the IPO?
Proceeds will be used for debt repayment, capacity expansion, funding working capital requirements and general corporate purposes.
Gem Aromatics Limited, a leading manufacturer of specialty ingredients such as essential oils, aroma chemicals, and value-added derivatives, concluded the subscription for its ₹451.25 crore IPO on August 21, 2025. The issue comprised a fresh issue of ₹175 crore and an offer-for-sale (OFS) of up to ₹276.25 crore. The price band was set at ₹309–₹325 per share. Following allotment, the shares are scheduled to be listed on BSE and NSE on August 26, 2025.
Gem Aromatics IPO – Day 3 Subscription Status
The final day of bidding saw strong investor participation across categories. Below is the detailed subscription status as of Day 3:
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
53.76
Non-Institutional Investors (NII)
45.96
bNII (above ₹10 lakh)
48.48
sNII (less than ₹10 lakh)
40.91
Retail Individual Investors (RII)
10.49
Total
30.45
Total Applications: 10,59,134
How to Check Gem Aromatics IPO Allotment Status
Gem Aromatics IPO allotment can be checked online using the Registrar’s website (Kfin Technologies Ltd.) or via the BSE website.
Select the Equity segment, then choose “Gem Aromatics Limited IPO”.
Input your PAN and Application Number (and captcha, if any).
Click Search/Submit to view your allotment status.
Objective of the Gem Aromatics IPO
The company plans to utilize the net proceeds of the IPO towards strengthening its balance sheet by reducing debt and supporting future business needs. The funds will also be deployed for general corporate purposes, providing additional financial flexibility.
Objects of the Issue
Expected Amount (₹ in crores)
Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary, Krystal Ingredients Private Limited
140.00
General Corporate Purposes
–
Gem Aromatics IPO GMP – Day 3 Update
Gem Aromatics IPO last GMP is ₹28, last updated Aug 21st 2025 04:58 PM. With the upper limit of price band at ₹325, Gem Aromatics IPO’s estimated listing price is ₹353. The expected percentage gain/loss per share is 8.62%.
Date
GMP (₹)
Est. Listing Price (₹)
Gain (%)
21-08-2025 (DAY 3)
₹28
₹353
8.62%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market
Gem Aromatics Limited, incorporated in October 1997, is a long-established manufacturer of specialty ingredients like essential oils, aroma chemicals, and value-added derivatives. It offers about 70 products across four categories: mint and mint derivatives, clove and its derivatives, phenol, and other synthetic/natural ingredients. The company serves domestic and global markets (18 countries), through its manufacturing facilities in Budaun (UP), Silvassa, and Dahej, and maintains strong R&D and innovation capabilities.
Frequently Asked Questions (FAQs)
Q1. What is the opening and closing date of the Gem Aromatics IPO?
The Gem Aromatics IPO opens on August 19, 2025, and closes on August 21, 2025.
What is the price band of the Gem Aromatics IPO?
The price band for the IPO is set between ₹309 and ₹325 per share.
What is the total issue size of the Gem Aromatics IPO?
The total issue size is ₹451.25 crore, comprising a fresh issue of ₹175 crore and an Offer for Sale (OFS) worth ₹276.25 crore.
What is the expected listing date of Gem Aromatics?
The shares are expected to be listed on BSE and NSE on August 26, 2025.
What are the objectives of the Gem Aromatics IPO?
The proceeds will be used for repayment or prepayment of certain outstanding borrowings of the company and its subsidiary, Krystal Ingredients Private Limited, as well as for general corporate purposes.
LGT Business Connextions Limited, a service aggregator in the travel and tourism industry, will close the subscription for its ₹28.09 crore IPO today. The issue comprises a fresh issue, an Offer for Sale (OFS), and a reserved portion for market makers, at a fixed price of ₹107 per share. The subscription window runs from August 19 to August 21, 2025. Following allotment, the company’s shares are scheduled to be listed on the BSE SME on August 26, 2025.
LGT Business Connextions IPO Day 3 Subscription Status
LGT Business Connextions IPO subscribed 1.25 times. The public issue subscribed 1.75 times in the individual investors category and 0.75 times in the NII category by August 21, 2025.
Investor Category
Subscription (x)
Non-Institutional Investors (NII)
0.75
Retail Individual Investors (RII)
1.75
Total
1.25
Total Applications: 1,054
How to Check LGT Business Connextions IPO Allotment Status
LGT Business Connextions IPO allotment can be checked online using the Registrar’s website (Skyline Financial Services Pvt. Ltd.) or via the BSE website.
This is the most reliable way to check your allotment status:
Steps to check:
Visit the official Skyline Financial Services Pvt. Ltd. IPO Website.
Select “LGT Business Connextions Limited” from the issuer dropdown.
Enter your PAN number, Application number, or DP/Client ID (Demat account number).
Complete the captcha (if prompted), then click Submit or Search.
Your allotment status will be displayed on the screen.
Method 2: BSE Website
If the registrar’s site is busy, you can also check via the BSE SME allotment portal:
Steps to check:
Go to the BSE IPO allotment page under the ‘Equity’ segment.
Select “LGT Business Connextions Limited” from the IPO list.
Enter your PAN number and Application number (and captcha, if any).
Click on Search/Submit to view your allotment status.
Objective of the LGT Business Connextions IPO
The objective of the LGT Business ConnextionsIPO is to raise funds for capital expenditure, meeting working capital requirements, and general corporate purposes. This will strengthen the company’s operations, support future expansion, and provide overall financial flexibility.
Objects of the Issue
Expected Amount (₹ in crores)
Capital Expenditure
10.44
Working Capital Requirement
7.70
General Corporate Purpose
3.79
LGT Business Connextions IPO GMP – Day 3 Update
LGT Business Connextions SME IPO last GMP is ₹0, last updated Aug 21st 2025 04:57 PM. With the price band of 107.00, LGT Business Connextions SME IPO’s estimated listing price is ₹107 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.
Date
GMP (₹)
Est. Listing Price (₹)
Gain (%)
21-08-2025 (DAY 3)
₹0
₹0
0%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market
Important Dates for LGT Business Connextions IPO Allotment
Event
Date
Tentative Allotment
August 22, 2025
Refunds Initiation
August 25, 2025
Credit of Shares to Demat
August 25, 2025
Listing Date
August 26, 2025
LGT Business Connextions Overview
LGT Business Connextions Limited is a Chennai-based service aggregator in the travel and tourism sector, offering end-to-end solutions across MICE travel, cruise and hotel bookings, sightseeing, visa assistance, and customized tour packages for corporates and individuals. Established in 2016, the company leverages its integrated services to cater to both domestic and international clients, ensuring seamless travel experiences. Its diversified offerings position it as a one-stop solution for business and leisure travel needs. Between FY 2024 and FY 2025, revenue increased by 13% and profit after tax (PAT) rose by 44%, supported by strong operating efficiency and robust demand in the travel and tourism sector.
FAQs (Frequently Asked Questions)
What is the opening and closing date of the LGT Business Connextions IPO?
The LGT Business Connextions IPO opens on August 19, 2025, and closes on August 21, 2025.
What is the price band of the LGT Business Connextions IPO?
The IPO is a fixed-price issue, priced at ₹107 per share.
What is the total issue size of the LGT Business Connextions IPO?
The total issue size is approximately ₹28.09 crores, consisting of a fresh issue of around ₹23.87 crores, offer for sale (OFS) of ₹2.81 crores & ₹1.41 Crores Reserved for Market Maker.
What is the expected listing date of LGT Business Connextions?
The shares are expected to be listed on BSE SME on August 26, 2025.
What is the Grey Market Premium (GMP) of the LGT Business Connextions IPO today?
The current Grey Market Premium (GMP) for the IPO is nil (₹0), indicating no premium.
Have you ever wondered how the correct price of an option is determined? In the world of trading, the Black-Scholes Model has provided a mathematical solution to this question. It is a mathematical model that helps in finding the correct value of a European option. Today, this model is used by traders, investment banks and fund managers around the world.
In this blog, we will understand in simple language what is Black-Scholes model, its formula, assumptions, strengths and limitations of Black-Scholes option pricing model.
What Is Black-Scholes Model?
The Black-Scholes Model is a mathematical method for calculating the theoretical price of a European option. It was developed in 1973 by Fischer Black and Myron Scholes, with later contributions from Robert Merton. For the first time, the model gave traders a scientific way to calculate what the “fair value” of an option should be.
The Black-Scholes option pricing model is still one of the most widely used models in the world, especially for pricing stock options and other derivative instruments. It is used by major investment banks, trading firms and portfolio managers to make the right decisions at the right time. The model focuses on :
1. Current Price
This is the actual market price of the underlying asset at the time when you are calculating the value of the option. As the price moves up or down, the option price is also directly affected.
2. Strike Price
The strike price is the price at which the option holder can buy or sell the stock in the future. For a call option, if the stock price is higher than the strike price, the option becomes more valuable. For a put option, the opposite is true—the higher the strike price, the higher the value.
3. Time to Expiry
This tells how much time is left till the maturity of the option (in years). The more time is left, the higher is the value of the option because the scope of favorable price movement is larger.
4. Volatility
Volatility means the possibility of fluctuations in the stock price.
Higher volatility means more uncertainty and therefore the option may be more expensive because its potential payoff is higher.In the Black-Scholes model, volatility is assumed to be constant.
5. Risk-Free Interest Rate
This is the interest rate that an investor can get without any risk (such as government bonds). This shows how much the future payout of the option should be discounted in today’s terms. Higher rates mean the value of the option may be affected.
Using all these factors, the Black-Scholes model determines what the fair price of an option should be. Now in the further sections we will understand its formula and real-life examples in detail.
The Black-Scholes Formula
The Black-Scholes model is used to calculate the theoretical price of European style call and put options. The formulas for both are different but the base variables remain the same.
Black-Scholes Formula:
Option Type
Formula
Call Option (C)
C = S*N(d1) − X*e^(−rt)*N(d2)
Put Option (P)
P = X*e^(−rt)*N(−d2) − S*N(−d1)
Variables and their meaning (applicable to both Call and Put):
Symbol
Represents
Simple Explanation
S
Current Stock Price
The market price of the stock at the time of option pricing
X
Strike Price
The predetermined price at which the option can be exercised in the future
r
Risk-Free Interest Rate
The return on a risk-free investment
t
Time to Expiry (in years)
The time remaining until the option’s expiration
σ
Volatility
The expected fluctuation or variability in the stock price
N(d1),N(d2)
Standard Normal Distribution
The probability values derived from the standard normal distribution curve
Final Answer : Call Option Premium (Strike ₹25000) = ₹326.8
Benefits of the Black-Scholes Model
The benefits of Black-Scholes Model are given below:
Fast and standard way to know Option Price : The Black-Scholes model gives a formula that allows you to calculate the price of options quickly and in a standard way. This helps traders to take fast decisions.
Accepted Model in Global Financial Industry : This model is accepted and used by banks, institutions and analysts around the world. Its credibility is quite strong, which makes it easy for practical use.
Makes it easy to compare different options : With the help of Black-Scholes, you can compare options of different stocks and expiry dates. This shows which option is more valuable.
Foundation of Advance Financial Models : This model is the base of many advanced models like Binomial tree, Monte Carlo simulation. Meaning, this is a foundational concept that is important to understand.
Helps in catching market inefficiencies : When the actual market price of an option is higher or lower than the theoretical price, this model can tell if there is some mispricing happening in the market.
Strengths and Limitations of the Black-Scholes Model
Strengths
Precise and Quick Pricing : This model helps calculate the theoretical value of the option quickly and accurately, which is very useful for real-time trading decisions.
Globally Accepted Standard : Black-Scholes is the most widely used option pricing model worldwide. Institutions, hedge funds, and traders use it as a benchmark.
Mathematical Simplicity : Its formula may seem complex, but when the variables are right, its calculation is simple and repeatable. It can be easily implemented with Excel or programming tools.
Limitations
Constant Volatility Assumption : Black-Scholes assumes that the volatility of the stock remains constant, whereas in the real world volatility keeps changing over time. This is a big limitation.
Only for European Options : This model applies only to European options that can be exercised only at expiry.
No Transaction Costs : The model assumes that there is no brokerage or transaction cost. But in real trading there are charges that affect the option price.
Ignore Sudden Events : This model does not consider events like unexpected news, market crashes or earnings announcements, which can change the volatility of the asset significantly and cause a difference between the actual price and the model price of the option.
Conclusion
The Black-Scholes Model remains one of the most reliable frameworks for determining the theoretical value of options. While it is based on certain ideal assumptions, it continues to be highly relevant in real-world trading and risk management. For anyone looking to deepen their understanding of options and learn how fair valuation is determined, the Black-Scholes Model offers a strong foundation. With the right data and tools, its application is straightforward and can serve as a valuable guide for traders, investors, and financial professionals alike.
S.NO.
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Shreeji Shipping Global Limited, a leading player in dry-bulk logistics across non-major ports in India and Sri Lanka, has launched its ₹411 crore IPO, consisting entirely of a fresh issue of 1.63 crore equity shares. The issue opened for subscription on August 19, 2025, at a price band of ₹240 to ₹252 per share, and closed on August 21, 2025. Post allotment, the company’s shares are scheduled to be listed on both the BSE and NSE on August 26, 2025.
Shreeji Shipping IPO Day 3 Subscription Status
The Shreeji Shipping IPO witnessed an overwhelming response on the final day, with an overall subscription of 58.08 times. The issue was led by Qualified Institutional Buyers (110.41 times), followed by Non-Institutional Investors (72.70 times). The Retail Investor category also saw strong demand, being subscribed 21.92 times.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
110.41
Non-Institutional Investors (NII)
72.70
bNII (above ₹10 lakh)
72.86
sNII (less than ₹10 lakh)
72.37
Retail Individual Investors (RII)
21.92
Total Subscriptions
58.08
Total Applications: 19,98,034
Total Bid Amount (₹ Crores): 16,699
How to Check Shreeji Shipping IPO Allotment Status
Shreeji Shipping Global IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
Shreeji Shipping Global Limited intends to utilize the net proceeds from the fresh issue primarily for expansion and strengthening of its fleet through the acquisition of dry bulk carriers in the Supramax category, for partial repayment or prepayment of certain outstanding borrowings, and for general corporate purposes.
Use of IPO Proceeds
Amount (₹ Cr)
Acquisition of Dry Bulk Carriers in Supramax category in the secondary market
251.18
Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company
23
General Corporate Purposes
–
Shreeji Shipping IPO GMP – Day 3 Update
The grey market premium (GMP) of Shreeji Shipping IPO is ₹38, as on 5:00 PM August 21, 2025. The upper limit of the price band is ₹252, and the estimated listing price as per today’s GMP can be ₹290, giving a potential gain of around 15.08% per share.
Date
GMP
Est. Listing Price
Gain
21-08-2025 (DAY 3)
₹38
₹290
15.08%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Important Dates for Shreeji Shipping IPO Allotment
Event
Date
Tentative Allotment
August 22, 2025
Refunds Initiation
August 25, 2025
Credit of Shares to Demat
August 25, 2025
Listing Date
August 26, 2025
Shreeji Shipping Overview
Shreeji Shipping Global Limited is an integrated shipping and logistics service provider specializing in dry bulk cargo handling across ports and jetties in India and Sri Lanka. With over three decades of industry experience, the company operates a fleet of 80+ vessels, 370+ earthmoving equipment, and offers end-to-end solutions including lighterage, stevedoring, cargo management, transportation, fleet chartering, and equipment rentals. Focused on non-major ports, particularly along India’s west coast, Shreeji serves diverse sectors such as oil and gas, energy, FMCG, coal, and metals. For FY 2025, it reported revenues of ₹6,076.13 million and PAT of ₹1,412.37 million.
Vikram Solar Limited, a major player in solar photovoltaic manufacturing in India, has launched its ₹2,079 crore IPO, comprising a fresh issue of ₹1,500 crore and an offer for sale of ₹579 crore. The issue opens for subscription on August 19, 2025, at a price band of ₹315 to ₹332 per share, and closes on August 21, 2025. Post allotment, the company’s shares are expected to be listed on both the BSE and NSE on August 26, 2025.
Vikram Solar IPO Day 3 Subscription Status
Vikram Solar IPO witnessed a massive response on the final day, with an overall subscription of 56.42 times. The issue was driven by strong demand from Qualified Institutional Buyers (145.10 times), followed by Non-Institutional Investors (52.87 times). The Retail Investor category was subscribed 7.98 times, while the employee quota stood at 5.10 times.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
145.10
Non-Institutional Investors (NII)
52.87
bNII (above ₹10 lakh)
59.58
sNII (less than ₹10 lakh)
39.46
Retail Individual Investors (RII)
7.98
Employees
5.10
Total Subscriptions
56.42
Total Applications: 35,06,503
Total Bid Amount (₹ crores): 82,296
How to Check Vikram Solar IPO Allotment Status
Vikram Solar IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
Method 1: Registrar’s website (MUFG Intime India Pvt. Ltd.)
The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.
Vikram Solar Limited intends to utilize the net proceeds from the fresh issue towards funding capital expenditure for its Phase I and Phase II projects, along with meeting general corporate purposes.
Use of IPO Proceeds
Amount (₹ Cr)
Partial funding of capital expenditure for the Phase-I Project
769.73
Funding of capital expenditure for the Phase-II Project
595.21
General Corporate Purposes
–
Vikram Solar IPO GMP – Day 3 Update
The grey market premium (GMP) of Vikram Solar IPO is ₹51, as on 5:00 PM August 21, 2025. The upper limit of the price band is ₹332, and the estimated listing price as per today’s GMP can be ₹383, giving a potential gain of around 15.36% per share.
Date
GMP
Est. Listing Price
Gain
21-08-2025 (DAY 3)
₹51
₹383
15.36%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Vikram Solar IPO – Key Details
Particulars
Details
IPO Opening Date
August 19, 2025
IPO Closing Date
August 21, 2025
Issue Price Band
₹315 to ₹332 per share
Total Issue Size
6,26,31,604 shares(aggregating up to ₹2,079.37 Cr)
Vikram Solar Limited is one of India’s largest solar photovoltaic (PV) module manufacturers, with over 17 years of industry experience. As of March 31, 2025, the company has an installed manufacturing capacity of 4.5 GW, strategically located in West Bengal and Tamil Nadu, and is expanding to 20.5 GW by FY 2027. Its product portfolio includes high-efficiency Mono-PERC, N-Type, and HJT solar modules, supported by strong R&D and global certifications. Vikram Solar also provides EPC and O&M services and exports to over 39 countries, serving marquee clients worldwide while maintaining a strong domestic presence.
Patel Retail Limited, a Maharashtra-based supermarket operator, has launched its ₹243 crore IPO, comprising a fresh issue and an offer for sale. The issue opened for subscription on August 19, 2025, at a price band of ₹237 to ₹255 per share, and closed on August 21, 2025. Following allotment, the company’s shares are set to be listed on both the BSE and NSE on August 26, 2025.
Patel Retail IPO Day 3 Subscription Status
Patel Retail IPO witnessed an overwhelming response on the final day, with an overall subscription of 95.69 times. The issue was driven mainly by Qualified Institutional Buyers (272.14 times), followed by strong demand from Non-Institutional Investors (108.11 times) and Retail Investors (42.55 times). The employee quota was also oversubscribed at 25.29 times.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
272.14
Non-Institutional Investors (NII)
108.11
bNII (above ₹10 lakh)
102.09
sNII (less than ₹10 lakh)
120.17
Retail Individual Investors (RII)
42.55
Employees
25.29
Total Subscriptions
95.69
Total Applications: 28,00,638
Total Bid Amount (in ₹ crore): 19,080
How to Check Patel Retail IPO Allotment Status
Patel Retail IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
Patel Retail Limited intends to utilize the net proceeds from the IPO towards repayment or prepayment of certain outstanding borrowings, meeting its working capital requirements, and for general corporate purposes.
Use of IPO Proceeds
Amount (₹ Cr)
Repayment/prepayment, in full or part, of certain borrowings availed of by the Company.
59
Funding of working capital requirements of the Company
115
General Corporate Purposes
–
Patel Retail IPO GMP – Day 3 Update
The grey market premium (GMP) of Patel Retail IPO is ₹50, as on 5:00 PM August 21, 2025. The upper limit of the price band is ₹255, and the estimated listing price as per today’s GMP can be ₹305, giving a potential gain of around 19.61% per share.
Date
GMP
Est. Listing Price
Gain
21-08-2025 (DAY 3)
₹50
₹305
19.61%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Patel Retail Limited is a value-focused supermarket chain operating under the brand “Patel’s R Mart,” primarily in tier-III cities and suburban areas of Maharashtra. Incorporated in 2008, the company manages 43 stores with a retail area of about 1.79 lakh sq. ft., offering over 10,000 SKUs across food, FMCG, general merchandise, and apparel. It has also developed private label brands such as Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials. Through backward integration, Patel Retail operates modern processing and agri-processing facilities in Maharashtra and Gujarat, supporting retail, exports to over 35 countries, and bulk agri-commodity trading.
