Today, 19 December, five mainboard IPOs were launched in the stock market, giving investors the opportunity to participate until 23 December.
Three of these IPOs received an overwhelming response on the first day and were fully subscribed, while the other two also saw a decent level of interest. Below are the subscription details and gray market premiums (GMP) for each IPO.
Mamta Machinery Limited IPO
The IPO of Mamta Machinery Limited, a packaging machinery manufacturer, was subscribed 10 times on the very first day. The price band for the shares is set at Rs 230 to Rs 243 per equity share.
The IPO will remain open until 23 December, and its GMP has reached Rs 200, indicating a potential profit of up to 83%.
Transrail Lighting Limited IPO
Transrail Lighting Limited, with a valuation of Rs 839 crore, opened its IPO with a price band of Rs 410-432 per share.
On the first day, the IPO was subscribed 1.66 times, receiving bids for 2.31 crore shares, while only 1.39 crore shares were available. The GMP for this IPO is Rs 177, suggesting a potential profit of about 40%.
DAM Capital Advisors IPO
DAM Capital Advisors, an investment banking company, also launched its IPO on 19 December. The price band for its shares is set at Rs 269-283.
On the first day, the issue was subscribed 1.41 times. The GMP for this IPO is Rs 152, indicating a potential profit of up to 54%.
Concord Enviro Systems IPO
Concord Enviro Systems, a provider of environmental engineering solutions, opened its IPO today with a price band of Rs 665-701 per share.
On the first day, the IPO was subscribed 36%, and its GMP was Rs 70, indicating a potential profit of up to 10%.
Sanathan Textiles Limited IPO
Sanathan Textiles Limited’s IPO, priced at Rs 305 to Rs 321 per share, opened today and will close on 23 December. On the first day, it was subscribed 24%, and the GMP is Rs 60, indicating a potential profit of about 19%.
