The IPOs are Mamata Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems.
IPO Alert, GMP Today, Subscription Status: Five initial public offerings (IPOs) is going to be closed at 5:00 pm today, on Monday, December 23. 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 on their final day of bidding.
All the five IPOs were opened for public subscription on Thursday, December 19.
According to market observers, among these five initial public offerings, the grey market premium (GMP) is the highest for Mamata Machinery at 107 per cent, while that of Concord Enviro Systems is the lowest at 7.13 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 a whopping 107 per cent, followed by DAM Capital Advisors (56.54 per cent), Transrail Lighting (41.67 per cent), Sanathan Textiles (12.77 per cent), and Concord Enviro Systems (7.13).
On Friday, the GMP numbers had stood at 107 per cent, 59.36 per cent, 43.06 per cent, 21.81 per cent, and 9.99 per cent, respectively.
Here’s a quick look at the latest subscription status and grey market premium (GMP), as of 1:00 pm on December 23:
| IPO | Subscription Status | GMP |
| Mamata Machinery | 86.21x | 107% |
| DAM Capital Advisors | 19.27x | 56.54% |
| Transrail Lighting | 20.39x | 41.67% |
| Sanathan Textiles | 4.2x | 12.46% |
| Concord Enviro Systems | 2.42x | 5.42% |
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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.
Till 1:00 pm on the final day of bidding on Monday, the IPO received a strong 86.21 times subscription. Its retail portion has been subscribed by a whopping 91.05 times, while the NII category has got 161.83 times subscription. Its QIB category has been subscribed by 20.64 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.
Till 1:00 pm on the final day of bidding on Monday, the IPO received a 19.27 times subscription. Its retail portion has been subscribed by 15.87 times, while the NII category has got 40.24 times subscription. The QIB category got a 9.45 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 aggregating to Rs 400.00 crore and an offer for sale of 1.02 crore shares aggregating to Rs 438.91 crore.
Till 1:00 pm on the final day of bidding on Monday, the IPO received a 20.39 times subscription. Its retail portion has been subscribed by 13.86 times, while the NII category has got 39.7 times subscription. The QIB category got a 19.33 times subscription.
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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.
Till 1:00 pm on the final day of bidding on Monday, the IPO received a 4.2 times subscription. Its retail portion has been subscribed by 4.69 times, while the NII category has got 7.49 times subscription. The QIB category has been subscribed by 0.88 times.
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.
Till 1:00 pm on the final day of bidding on Monday, the IPO received a 2.42 times subscription. Its retail portion has been subscribed by 3.43 times, while the NII category has got 3.1 times subscription. The QIB cateogory has received a 0.02 times subscription.
Last week, diamond grading firm International Gemmological Institute (India) Ltd on Friday made a strong stock market debut with its shares being listed at a 22.3 per cent premium. apart from this, Inventurus Knowledge Solutions Ltd, a provider of healthcare support services, also made an impressive stock market debut, posting a listing gain of 43% over the issue price of Rs 1,329. Moreover, 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.
