The month of December 2024 was very busy for IPOs (Initial Public Offering) in the Indian stock market. From Vishal Mega Mart to One MobiKwik Systems, many big companies launched their IPOs. IPOs of 6 companies opened between 19 and 23 December, out of which 5 are Mainboard IPO and 1 is NSE SME IPO. Allotment of all these has been done and they will be listed in the stock market on 27th December. Come, let us know the complete details of these IPOs.
1. Transrail Lighting IPO
- Company Profile: One of India’s leading engineering, procurement and construction (EPC) companies.
- Subscription: 82 times.
- Price Band: ₹432 per share.
- Gray Market Premium (GMP): ₹167.
- Indicated Profit: Listing could take place at a premium of around 38%.
2. Sanathan Textiles IPO
- Company Profile: Yarn manufacturing company which deals in textile yarn, polyester yarn, cotton yarn and technical textile.
- Subscription: 35.12 times.
- Price band: ₹305-₹321 per share.
- Gray Market Premium (GMP): ₹87.
- Indicated profits: Listing at approximately 28% premium.
3. DAM Capital Advisors IPO
- Company Profile: A reputed investment bank.
- Subscription: 81.88 times.
- Price band: ₹269-₹283 per share.
- Gray Market Premium (GMP): ₹145.
- Indicated profits: Listing at approximately 51% premium.
4. Mamata Machinery IPO
- Company Profile: A company specializing in packaging machine manufacturing.
- Subscription: 194.95 times.
- Price band: ₹230-₹243 per share.
- Gray Market Premium (GMP): ₹255.
- Indicated profits: Listing at approximately 105% premium.
5. Concord Enviro Systems IPO
- Company Profile: Environmental engineering solutions provider.
- Subscription: 10.67 times.
- Price band: ₹665-₹701 per share.
- Gray Market Premium (GMP): ₹134.
- Indicated profits: Listing at approximately 20% premium.
6. New Malayalam Steel IPO
- Company Profile: This company, listed on the NSE SME platform, specializes in steel manufacturing.
- Subscription: 51 times.
- Price Band: ₹85-₹90 per share.
- Gray Market Premium (GMP): ₹30.
- Indicated profits: Listing at approximately 34% premium.
What is Gray Market Premium (GMP)?
GMPs of these IPOs are indicating that investors can get good profits at the time of listing. especially Mamata Machinery And DAM Capital Advisors As investors in IPO are likely to get a profit of more than 100%.
