Here Are The Highlights Of The Listing Sessions
The day marked five companies listing with a premium on the exchanges, ranging from 18% to 147%.
Concord Enviro Systems Listing Live: Use Of Proceeds
Investment in wholly owned subsidiary Concord Enviro FZE for financing its capital-expenditure requirements for a greenfield project to develop an assembly unit for systems and plants for treatment of water, waste water and related membrane modules.
Investment in wholly owned subsidiary Rochem Separation Systems (India) Pvt. for financing its capex requirements for the brownfield project to expand the manufacturing facilities, storage and supporting activities.
Investment in Concord Enviro FZE for prepayment or repayment of all or a portion of certain outstanding borrowings, as well as working-capital requirements.
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Mamata Machinery Share Price Live: Shares Locked In Upper Circuit
Shares of the widely oversubscribed company hit a 5% upper circuit on the bourses within minutes of listing. Share price of Mamata Machinery is currently locked at Rs 630, as of 10:27 a.m.
Sanathan Textiles Share Price Live: Shares Slip Post Listing
Shares of the textile-company are trading 5.36% low from their listing price at Rs 399.65, as of 10:23 a.m. on the NSE. This compares to a 0.75% advance in the benchmark Nifty 50.
Transrail Lighting Listing Live: Use Of Proceeds
The Mumbai-based company will garner Rs 400 crore from the fresh issue, while Rs 438.91 crore will go to the selling promoter. Net proceeds from the fresh issue, excluding the Rs 50 crore pre-IPO placement, will be used to fund incremental working capital requirements and further capital expenditure.
The company will utilise Rs 250 crore raised from the net proceeds and pre-IPO placement towards its working capital requirements, of which Rs 217.02 crore will be deployed by fiscal ending March 2025.
Another Rs 90.73 crore has been reserved for capex spends, all of which will be invested in the current financial year.
Mamata Machinery Listing Live: 1 In 114 Retail Applicants Bagged Bids
The retail portion of the Mamata Machinery IPO which received over 48 lakh applications saw only 42,156 applicants successfully get allotted shares of the company, indicating that only one in every 114 applicants managed to bag a lot (or more).
Sanathan Textiles Share Price Live: 32% Premium
Shares of Sanathan Textiles Ltd. debuted on the National Stock Exchange at Rs 422.30 apiece, at a premium of 31.56% over the issue price of Rs 321. The stock listed on the BSE at Rs 419.1 per share, marking a premium of 30.56%.
DAM Capital Share Price Live: Listing Details
Here's everything you need to know about the listing of DAM Capital Advisors Ltd.
Concord Enviro Systems Share Price Live: 18% Premium
Shares of Concord Enviro Systems Ltd. listed on the National Stock Exchange on Friday at Rs 826 apiece, a premium of 17.83% over the issue price of Rs 701 apiece. The stock listed on the BSE at Rs 832 per share, marking a premium of 18.6%.
Transrail Lighting Share Price Live: 37% Premium On NSE
The share price of Transrail Lighting Ltd. listed on the National Stock Exchange on Friday at Rs 590 apiece, a premium of 36.57% over the issue price of Rs 432 apiece. The stock listed at Rs 585.15 per share on the BSE, marking a premium of 35.45%.
Mamata Machinery Shares Live: Listing Details
Here is everything you need to know about the Mamata Machinery's listing on the bourses.
DAM Capital Advisors Share Price Live: 39% Premium
Shares of DAM Capital Advisors Ltd. debuted on the National Stock Exchange at Rs 393 apiece, at a premium of 38.87% over issue price of Rs 283.
Mamata Machinery Share Price Live: 147% Premium
Shares of Mamata Machinery Ltd. debuted on the National Stock Exchange at Rs 600 apiece, at a premium of 146.9% over issue price of Rs 243. The shares listed at a similar premium on the BSE.
DAM Capital Advisors IPO Listing Live: GMP Today
The GMP stood at Rs 143 per share at 7:01 a.m. on the day of listing, according to the InvestorGain platform. This takes the estimated listing price—the sum of GMP and the upper end of the IPO price—to Rs 426 per share, which suggests a potential listing day gain of 50.53%.
GMP is not an official price quote for the stock and is based on speculation.
Sanathan Textiles Listing Live: Subscription Details
The textile-manufacturer's maiden offer was booked by:
Qualified institutional buyers: 75.62 times.
Non-institutional investors: 42.21 times.
Retail investors: 8.93 times.
Mamata Machinery Listing Live: NII Segment Garnered Maximum Bids
Mamata Machinery's book build offer worth Rs 179.4 crore was subscribed by:
Qualified institutional buyers: 235.88 times.
Non-institutional investors: 274.38 times.
Retail investors: 138.08 times.
Employee reserve: 153.27 times.
DAM Capital Listing Live: Only 4.2% Of Retail Applicants Bagged Shares
Shares were allotted to 1.95 lakh successful investors out of 46.6 lakh applicants.
As part of the retail category, 93.48% (42 lakh applications) of bids were for just one lot of shares i.e. 53 shares. Followed by 3.51% for two lots and 1.11% for three lots.
Concord Enviro Systems Listing Live: Subscribed Over 10 Times
The waste-water treatment company procured bids from:
Qualified institutional buyers: 17.32 times.
Non-institutional investors: 14.20 times.
Retail investors: 5.56 times.
Transrail Lighting Listing Live: Subscription Details
The engineering, procurement and construction company received received bids of Rs 48,575 crore, which is way higher as compared to the issue size of Rs 838.9 crore.
The IPO has been subscribed by:
Qualified institutional buyers: 201.06 times.
Non-institutional investors: 76.41 times.
Retail investors: 22.07 times.
Employee reserve: 4.07 times.
Mamata Machinery Listing Live: Fifth Most Overbooked Offer This Year
Mamata Machinery Ltd.'s Rs 179.4-crore initial public offering has been subscribed 194.95 times on its third and final day, making its the fifth most bid offer this year. The demand was led by institutional and non-institutional investors. The bids received are worth over Rs 24,500 crore.
Listings Live: Book Building Offers This Year
Vibhor Steel Tubes and Manba Finance remain the most overbooked maiden offers, subscribed 298.86 and 224.10 times respectively.
KRN Heat Exchanger and Gala Precision Engineering also garnered bids over 200 times.
Here's how the initial public offerings launched in 2024 have performed:
DAM Capital Advisors Listing Live: QIBs Led Bids
Bids for the DAM Capital Advisors IPO were led by qualified institutional buyers. The offer was subscribed by:
Qualified institutional buyers: 166.33 times.
Non-institutional investors: 98.62 times.
Retail investors: 27.13 times.
Employee reserve: 40.55 times.
Listing Live: Subscription Updates
On the final day of bidding, here's where subscription details of the five companies stood:
DAM Capital Advisors: 82.08 times.
Mamata Machinery: 194.95 times.
Concord Enviro Systems: 10.67 times.
Transrail Lighting: 80.8 times.
Sanathan Textiles: 35.12 times.
Bumper Or Tepid Listings?
Take a look at what the GMP trends of the five IPOs indicate ahead of their listing.
The highest grey market premium in the list is for Mamata Machinery's IPO, which was subscribed over 190 times on its final day of subscription. According to InvestorGain data, Mamata Machinery's shares are set to hit the bourses at a staggering 107% premium over its IPO price.
Five Companies Set To List Today
Shares of DAM Capital Advisors, Mamata Machinery, Concord Enviro Systems, Transrail Lighting, and Sanathan Textiles are set to list on the National Stock Exchange and the Bombay Stock Exchange today.
Their grey market premiums point to a solid post-Christmas listing. Stay tuned for more updates.
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