On 19 December, five mainboard IPOs were launched, offering investors the chance to participate until 23 December.
Three of these IPOs were fully subscribed on the first day, while the other two also saw considerable interest.
Below are the details of each IPO’s subscription and gray market premium (GMP).
Mamta Machinery Limited IPO
Mamta Machinery Limited, a packaging machinery manufacturer, saw strong demand on its first day.
The IPO was subscribed 10 times, with the price band set between Rs 230 and 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%.
Other IPOs Subscription and GMP
Transrail Lighting Limited IPO
Transrail Lighting Limited, valued at Rs 839 crore, had its IPO open with a price band of Rs 410-432 per share.
The IPO was subscribed 1.66 times on the first day, with bids for 2.31 crore shares, while only 1.39 crore shares were available. Its GMP is Rs 177, indicating a potential profit of about 40%.
DAM Capital Advisors IPO
DAM Capital Advisors, an investment banking company, launched its IPO with a price band of Rs 269-283 per share.
On the first day, it was subscribed 1.41 times, with a GMP of Rs 152, suggesting a potential profit of up to 54%.
Concord Enviro Systems IPO
Concord Enviro Systems, which provides environmental engineering solutions, launched its IPO with a price band of Rs 665-701 per share.
The IPO was subscribed 36% on the first day, and its GMP is Rs 70, indicating a potential profit of up to 10%.
Sanathan Textiles Limited IPO
Sanathan Textiles Limited, priced between Rs 305 and Rs 321 per share, opened its IPO on 19 December.
It was subscribed 24% on the first day, and the GMP stands at Rs 60, indicating a potential profit of about 19%.
