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The IPOs are Mamata Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems.
Among the five IPOs, the GMP is highest for Mamata Machinery at 82.3 per cent, while that of Concord Enviro Systems is the lowest at 9.99 per cent.
IPO Alert, GMP Today, Subscription Status: After the stellar listings of Vishal Mega Mart, One MobiKwik Systems and Inventurus Knowledge Solutions IPOs, five more initial public offerings (IPOs) opened on Thursday. The IPOs are Mamata Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems. Know which one is the best public offering for listing gains as per the latest GMP, and their latest subscription status.
All the five IPOs will remain open for public subscription from Thursday (December 19) to Monday (December 23).
According to market observers, among these five initial public offerings, the grey market premium (GMP) is the highest for Mamata Machinery at 82.3 per cent, while that of Concord Enviro Systems is the lowest at 9.99 per cent. It indicates that all the five IPOs are likely to provide positive listing gains for investors.
Going by the GMP data, the highest listing gain potential is in Mamata Machinery as its grey market premium currently stands at 82.3 per cent, followed by DAM Capital Advisors (53.71 per cent), Transrail Lighting (40.97 per cent), Sanathan Textiles (18.69 per cent), and Concord Enviro Systems (9.99).
On Wednesday, the GMP numbers had stood at 45.68 per cent, 38.16 per cent, 27.78 per cent, 7.79 per cent, and zero, respectively.
Here’s the latest subscription status till 2:40 pm:
Mamata Machinery IPO
The Mamata Machinery IPO is a book built issue of Rs 179.39 crore. It is entirely an offer for sale of 0.74 crore shares. Its price band has been fixed at Rs 230 to Rs 243 per share.
On the first day of bidding, the IPO received a decent 16.67 times subscription. Its retail portion has been subscribed by a whopping 24.18 times, while the NII category has got 18.96 times subscription. Its QIB category has been subscribed by 1.51 times.
DAM Capital Advisors IPO
The DAM Capital Advisors IPO is a book built issue of Rs 840.25 crore. It is entirely an offer for sale of 2.97 crore shares. Its price band has been fixed at Rs 269 to Rs 283 per share.
On the first day of bidding, the IPO received a 2.78 times subscription. Its retail portion has been subscribed by 3.94 times, while the NII category has got 3.73 times subscription. The QIB category got a 1 per cent 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 aggregating to Rs 400.00 crore and an offer for sale of 1.02 crore shares aggregating to Rs 438.91 crore.
On the first day of bidding, the IPO received a 2.12 times subscription. Its retail portion has been subscribed by 2.98 times, while the NII category has got 2.16 times subscription. The QIB category got a 77 per cent subscription.
Sanathan Textiles IPO
The Sanathan Textiles IPO is a book built issue of Rs 550 crore. It comprises a fresh issue of 1.25 crore shares aggregating to Rs 400.00 crore and an offer for sale of 0.47 crore shares aggregating to Rs 150.00 crore.
On the first day of bidding, the IPO received a 0.48 times subscription. Its retail portion has been subscribed by 0.82 times, while the NII category has got 0.33 times subscription.
Concord Enviro Systems IPO
Concord Enviro IPO is a book built issue of Rs 500.33 crores. It consists of a fresh issue of 0.25 crore shares aggregating to Rs 175 crore and an offer for sale of 0.46 crore shares aggregating to Rs 325.33 crore.
On the first day of bidding on Thursday, the IPO received a 0.6 times subscription. Its retail portion has been subscribed by 1.04 times, while the NII category has got 0.35 times subscription.
On Thursday, December 19, Inventurus Knowledge Solutions Ltd, a provider of healthcare support services, made an impressive stock market debut, posting a listing gain of 43% over the issue price of Rs 1,329.
A day before, on Wednesday, December 18, One MobiKwik Systems Ltd also made a stellar stock market debut with a listing gain of 58.51 per cent. Vishal Mega Mart Ltd also made a strong stock market debut with a listing gain of 41 per cent.