IPO GMP Of Concord Enviro, Mamata Machinery, Transrail Lighting And DAM Capital Ahead Of Allotment Today

India's primary market witnessed the closing of five mainboard initial public offerings on Monday wit their grey market premiums point to a bumper Christmas listing.

The highest grey market premium in the list is for Mamata Machinery Ltd.'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.

Here's what the GMP trends of the five IPOs indicate ahead of their listing on Friday:

The grey market premium of Mamata Machinery's IPO was Rs 260 at 12:32 p.m. on Dec 24, which is the highest the issue has seen. This takes the estimated listing price to Rs 503 per share, which suggests that investors may log a profit of 107% after the company makes its market debut.

Investors who bid for this issue can check the step-by-step guide to verify Mamata Machinery IPO allotment status here.

The grey market premium of DAM Capital Advisors IPO showed gains as the issue closed for subscription on Monday. The GMP stood at Rs 170 per share at 12:32 p.m. on Tuesday, 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 453 per share, which suggests a potential listing day gain of 60.07%.

However, GMP is not an official price quote for the stock and is based on speculation.

DAM Capital Advisors IPO was subscribed over 80 times, as per the consolidated data shared by the BSE.

Investors who bid for this issue can check the step-by-step guide to verify the DAM Capital IPO allotment status here.

The grey market premium of Transrail Lighting IPO showed gains as the issue closed for subscription on Monday. The GMP stood at Rs 192 per share at 12:26 p.m. on Tuesday. This takes the estimated listing price—the sum of GMP and the upper end of the IPO price—to Rs 624 per share, which suggests a potential listing day gain of 44.44% - according to the InvestorGain platform.

Notably, the IPO was subscribed over 80 times, as per the consolidated data shared by the BSE.

Investors who bid for this issue can check the step-by-step guide to verify Transrail Lighting IPO allotment status here.

The grey market premium of Sanathan Textiles IPO showed substantial gains as the issue closed for subscription on Monday. The current GMP stood at Rs 90 as of 12:54 pm on Tuesday, indicating a potential gain of 28.04%. This suggests an estimated listing price of Rs 411 for the company.

The GMP of Sanathan Textiles had consistently eroded from its highest level at Rs 70 on Dec. 19, to Rs 40 on Dec. 22, according to InvestorGain.

The overall subscription of the IPO stood at 36.9 times on Monday.

Investors who bid for this issue can check the step-by-step guide to verify Sanathan Textiles IPO allotment status here.

The grey market is bullish on the wastewater treatment company. The GMP stood at Rs 75 at 12:53 p.m., taking the estimated listing price to Rs 776. This could result in a potential gain of 10.70% for the IPO share allottees after the company gets listed.

Concord Enviro Systems IPO GMP was Rs 55 when the issue closed for bidding on Monday. Ahead of allotment the GMP trends have shown an upwards trajectory for the first time since the issue opened for subscription on Dec 19.

The overall subscription for Concord Enviro Systems' IPO crossed 10 times, according to BSE data.

Investors who bid for this issue can check the step-by-step guide to verify Concord Enviro Systems IPO allotment status here.

Note: GMP is not an official price quote for the stock and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.