As 2024 enters its final phase with just three trading days remaining, its a busy day at the exchanges with 6 listings scheduled today.
Among these 6 public issues making their debut on the Indian bourses, the two mainboard issues that are at the centre of everyone’s attention is – DAM Capital Advisors and Mamata Machinery. Ahead of their listing, these offerings have captured significant attention amongst investors, generating a considerable buzz in the grey market.
Let’s take a look at both these issues and what their GMP indicates ahead of their official listing on the stock exchanges.
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DAM Capital Advisors Vs Mamata Machinery IPO GMP- Here is What the Recent Trend Indicates:
Grey Market Premium (GMP)
In the grey markets, as per the latest update Mamata Machinery’s IPO is commanding at a premium of Rs 255, which translates to an estimated listing price of Rs 498, a 104.94 per cent higher than its issue price of Rs 243.
Comparing it with the other mainboard issue, DAM Capital Advisors is trading at a premium of Rs 155, with an estimated listing price of Rs 438, a 54.77 per cent premium over its issue price of Rs 283.
Also Read: 6 IPOs debuting on the stock market today: Check out the complete list and latest GMP ahead of their listing
Issue Size and Structure
Mamata Machinery’s IPO is a relatively smaller issue in comparison to DAM capital, with an issue size of Rs 179 crore. The entire offering is an Offer for Sale (OFS), meaning the proceeds will go to the selling shareholders rather than the company.
On the other hand, DAM Capital Advisors IPO has an issue size of Rs 840.25 crore, also entirely an OFS.
The smaller size of Mamata Machinery’s IPO has made it more attractive to retail investors, while DAM Capital’s larger offering appeals to institutional players.
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