The initial public offerings of DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, Concord Enviro Systems and Mamata Machinery listed on Dec. 27, 2024. (Photographer: Vijay Sartape/NDTV Profit)
1 year ago
Dec 27, 2024
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.
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.
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.
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.
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%.
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%.
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.
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.
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.
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.
