The IPOs are Mamta Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concorde Enviro Systems.
DAM Capital Advisors IPO.
IPO Alert, GMP Today, Subscription Status: Five initial public offerings (IPOs) have closed on Monday, December 23. Among the IPOs are Mamta Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concorde Enviro Systems. Know which is the best public offering for profit listing as per latest GMP, and their latest subscription on the last day of bidding. status
All five IPOs were opened for public subscription on Thursday, December 19.
According to market observers, among these five initial public offerings, the gray market premium (GMP) for Mamta Machinery is the highest at 107 percent, while that of Concord Enviro Systems is the lowest at 7.13 percent. This indicates that all five IPOs are likely to provide positive listing benefits to investors.
According to GMP data, Mamta Machinery has the highest listing potential as its gray market premium is currently 107 per cent, followed by DAM Capital Advisors (56.54 per cent), Transrail Lighting (41.67 percent), are Sanathan Textiles. (12.77 percent), and Concord Enviro Systems (7.13).
The GMP numbers on Friday were 107 percent, 59.36 percent, 43.06 percent, 21.81 percent and 9.99 percent respectively.
Here’s a quick look at the latest subscription status and Gray Market Premium (GMP) as of December 23, 1:00 PM:
Mamta Machinery IPO
Mamta Machinery IPO is a book built issue of Rs 179.39 crore. This is an offer for sale of 0.74 crore shares in full. Its price band has been fixed at Rs 230 to Rs 243 per share.
As of 5:00 PM on the last day of bidding on Monday, the IPO received strong subscription of 194.77 times. Its retail segment has been subscribed a total of 137.75 times, while the NII category has been subscribed 274.32 times. Its QIB category has been subscribed 235.88 times.
DAM Capital Advisors IPO
DAM Capital Advisors IPO is a book built issue of Rs 840.25 crore. This is an offer for sale of 2.97 crore shares in full. Its price band has been fixed at Rs 269 to Rs 283 per share.
As of 5:00 PM on the last day of bidding on Monday, the IPO received 81.85 times subscription. Its retail segment is oversubscribed 26.73 times, while the NII category is oversubscribed 98.46 times. QIB category got 166.33 times subscription.
Transrail Lighting IPO
The Transrail Lighting IPO is a book built issue of Rs 838.91 crore. It consists of a fresh issue of 0.93 crore shares worth Rs 400.00 crore and an offer for sale of 1.02 crore shares worth Rs 438.91 crore.
As of 5:00 PM on the last day of bidding on Monday, the IPO received 81.97 times subscription. Its retail segment has been subscribed 22.59 times, while the NII category has been subscribed 78.31 times. QIB category received 197.41 times subscription.
IPO of Sanathan Textiles
Sanathan Textile’s IPO is a book built issue of Rs 550 crore. This includes a fresh issue of 1.25 crore shares of Rs.400.00 crore and an offer for sale of 0.47 crore shares for an aggregate of Rs.150.00 crore.
As of 5:00 PM on the last day of bidding on Monday, the IPO received 36.89 times subscription. Its retail segment has been subscribed 9.28 times, while the NII category has been subscribed 44.38 times. The QIB category has been subscribed 79.59 times.
Concord Enviro Systems IPO
Concord Enviro IPO is a book built issue of Rs 500.33 crore. It consists of a fresh issue of 0.25 crore shares worth Rs 175 crore and an offer for sale of 0.46 crore shares worth Rs 325.33 crore.
As of 5:00 PM on the last day of bidding on Monday, the IPO received 10.67 times subscription. Its retail segment is oversubscribed 5.55 times, while the NII category is oversubscribed 14.2 times. QIB category received 17.32 times subscription.
Last week, diamond grading firm International Gemological Institute (India) Ltd had a strong opening in the stock market on Friday with its shares trading at a 22.3 per cent premium. Also, healthcare support services provider Inventurus Knowledge Solutions Ltd also made an impressive debut in the stock market, gaining 43% at its issue price of Rs 1,329. Additionally, One MobiKwik Systems Ltd also made a stellar stock market debut with a gain of 58.51 percent. Vishal Mega Mart Ltd also made a strong debut in the stock market with a gain of 41 percent.