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The IPOs are Mamata Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems.
Among these five IPOs, the GMP is highest for Mamata Machinery at 45.68 per cent, while that of Concord Enviro Systems is the lowest at zero.
IPO Alert, GMP Today: After the stellar listing of Vishal Mega Mart Ltd and One Mobikwik Systems Ltd on Wednesday, five more mainboard IPOs are going to be opened on Thursday (December 19). The IPOs are Mamata Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems. Which one is the best public offering for listing gains as per the latest GMP?
According to market observers, among these five initial public offerings, the grey market premium (GMP) is the highest for Mamata Machinery at 45.68 per cent, while that of Concord Enviro Systems is the lowest at zero.
Going by the GMP data, the highest listing gain potential is in Mamata Machinery as its grey market premium currently stands at 45.68 per cent, followed by DAM Capital Advisors (38.16 per cent), Transrail Lighting (27.78 per cent), Sanathan Textiles (7.79 per cent), and Concord Enviro Systems (nil).
All the five IPOs will be opened simultaneously for public subscription on Thursday (December 19) and will be concluded on Monday (December 23).
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.
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.
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.
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.
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.
Its price band has been fixed at Rs 665 to Rs 701 per share.
IPO Listings on Wednesday
On Wednesday, December 18, One MobiKwik Systems Ltd made a stellar stock market debut with a listing gain of 58.51 per cent. Its shares were listed at Rs 442.25 apiece on the BSE, against the IPO issue price of Rs 279 per share. Later, the shares soared to Rs 524, a gain of a whopping 87.81 per cent.
Vishal Mega Mart Ltd also made a strong stock market debut with a listing gain of 41 per cent. Its shares were listed at Rs 110 apiece on the BSE, against the IPO issue price of Rs 78 per share. On the NSE, Vishal Mega Mart’s shares were listed at Rs 104, a premium of 33.3 per cent over the issue price.
