As many as 5 IPOs from Transrail Lighting, Sanathan Textiles, DAM Capital Advisors, Mamata Machinery and Concord Enviro Systems will open for subscription on Thursday. Here are key details investors need to know before subscribing.Transrail Lighting IPO
Transrail’s IPO includes a fresh equity sale of Rs 400 crore along with an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings. The company has priced the IPO at Rs 432 at the upper end.
In the grey market, the GMP is around Rs 120, which indicates a premium of 28% over the issue price.
Proceeds from the fresh issue will be used to fund incremental working capital requirements, support capital expenditure and for general corporate purposes.
Transrail Lighting is one of the leading Indian engineering, procurement and construction (EPC) companies with a primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors and monopoles. It has a footprint in more than 58 countries.
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DAM Capital Advisors IPO
The Rs 840 crore IPO of DAM Capital Advisors will be the first-ever public issue by a pure-play boutique investment bank in India. The price band for the issue is fixed at Rs 269 to 283 apiece. The IPO is entirely an offer-for-sale of 2.96 crore equity shares, with no fresh issue component.
In the grey market, the GMP is at Rs 120, which is a premium of 42% over the issue price.
The company has reserved half of its public issue size for qualified institutional buyers (QIB), 35% for retail investors, and the remainder 15% for non-institutional investors.
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Mamata Machinery IPO
The Rs 179 crore IPO from Mamata Machinery is a pure OFS comprising up to 73.82 lakh shares by promoters and existing shareholders. The company has fixed the price band at 230-243 per share.
In the grey market, the GMP of Mamata Machinery is about 45% over the IPO price.
Since the issue is completely an offer for sale, the company does not intend to use any of the proceeds from the IPO and the entire amount raised will go to the selling shareholders.
Sanathan Textiles IPO
The IPO of Sanathan Textiles is a mix of fresh issue of up to Rs 400 crore and an offer of sale of up to Rs 150 crore. The price band has been fixed between Rs 305 to Rs 321 per equity share.
Sanathan Textiles is boasting a marginal GMP of Rs 25, indicating a 7% premium over IPO price.
Sanathan Textiles is engaged in the business of manufacturing textile yarn, from three business verticals, consisting of: Polyester yarn products; Cotton yarn products; and Yarns for technical textiles and industrial uses.
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Concord Enviro Systems IPO
Meanwhile, Concord Enviro Systems, a leading water and wastewater treatment solutions provider backed by Mauritius-based AF Holdings, is launching its IPO by offering a mix of fresh equity sale worth Rs 192.3 crore and an OFS of 51.94 lakh shares.
The price band for the IPO is fixed at Rs 665-701 per share. The company has no GMP in the grey market.
Concord Enviro Systems specializes in wastewater treatment and zero liquid discharge (ZLD) solutions. In fiscal 2024, the company serviced over 353 domestic and 24 international clients across various industries, including pharmaceuticals, chemicals, food and beverage, defence and energy, automotive, steel, and textiles.
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