With many investors early awaiting with much anticipation of upcoming listings, the Indian stock market prepares for an exciting day tomorrow (December 27), with 6 IPOs set to make their debut.
From grey market premiums (GMP) indicators to subscription figures, here is what investors need to know about these IPOs and their potential listing prices.
DAM Capital Advisors IPO
DAM Capital Advisors IPO, which concluded bidding on December 23, garnered a significant buzz in the grey market, which is an unlisted market place, ahead of the company’s listing tomorrow. As per the latest trend, With a GMP of Rs 137, the IPO is estimated to list at Rs 429, marking a 48.41 per cent gain over its upper price band of Rs 283. Investors are keenly watching this debut on the BSE and NSE.
Mamata Machinery IPO
Mamata Machinery IPO on the final day of bidding secured a staggering subscription rate of 195 times. The GMP of Rs 255 suggests a listing price of Rs 498, representing a phenomenal 104.94 per cent jump from its IPO price of Rs 243.
Also Read: DAM Capital Advisors IPO listing tomorrow – GMP shoots up by over 50%: Here are 6 key details you need to know ahead of listing
Sanathan Textiles IPO
Sanathan Textiles IPO, a book-built issue of Rs 550 crore, has set its price band at between Rs 305 to Rs 321 per share. The GMP for this IPO stands at Rs 80, indicating a potential listing price of Rs 401, as of the latest update. This represents a 28.97 per cent surge over its upper price band.
Concord Enviro Systems IPO
With a price band of Rs 665 to Rs 701, Concord Enviro Systems IPO in the grey market is commanding a premium of Rs 120. The estimated listing price of Rs 821 signals a 17.12 per cent increase over the issue price.
The IPO is managed by lead managers like Motilal Oswal and Equirus Capital, this IPO is set for listing on both BSE and NSE.
Transrail Lighting IPO
The Transrail Lighting IPO, priced between Rs 410 to Rs 432, GMP as of now stands at Rs 160. The stock is projected to list at Rs 592, a 37.04 premium over its upper price band.
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