In a market full of ups and downs, Nifty and Sensex are seen trading in green today. If we talk about the last three months, a severe decline has been seen in the market. But amidst all this, the IPO market has seen tremendous growth. This year, companies have raised a record amount of Rs 1.6 lakh crore through IPO. It is believed that next year will also be very good for IPOs. But there is still a week left for the new year to begin. Before that, a dozen IPOs are ready to be listed in the market. Five such IPOs have been entered on Dalal Street today. Let us understand how those companies are seen doing business on listing and also know what work the company does?
Mamta Machinery's IPO is a book built issue of Rs 179.39 crore. This is a proposal for sale of altogether 0.74 crore shares. Its price band has been fixed at Rs 230 to Rs 243 per share. As of 1:00 pm on Monday, the last day of bidding, the IPO received 86.21 times subscription. Its retail portion has been subscribed 91.05 times, while the NII category has received 161.83 times subscription. Its QIB category has been subscribed 20.64 times. Let us tell you that Mamta Machinery Company manufactures plastic bag and pouch making machines, packaging machinery, and extrusion equipment and then exports it.
DAM Capital Advisors IPO is a book built issue of Rs 840.25 crore. This is a proposal for sale of altogether 2.97 crore shares. Its price band has been fixed at Rs 269 to Rs 283 per share. As of 1:00 pm on Monday, the last day of bidding, the IPO received 19.27 times subscription. Its retail portion has received 15.87 times subscription, while the NII category has received 40.24 times subscription. QIB category has received 9.45 times subscription. Let us tell you that DAM Capital Advisors is a financial service providing company. It especially provides investment banking and capital market advisory services.
Transrail Lighting IPO is a book built issue of Rs 838.91 crore. This includes new issue of 0.93 crore shares, totaling Rs 400.00 crore and offer for sale of 1.02 crore shares, totaling Rs 438.91 crore. As of 1:00 pm on Monday, the last day of bidding, the IPO received 20.39 times subscription. Its retail portion has received 13.86 times subscription, while the NII category has received 39.7 times subscription. QIB category received 19.33 times subscription. Keep in mind that this company also works to provide electrical engineering facilities for the Railways.
Sanathan Textiles IPO is a book built issue of Rs 550 crore. This includes a new issue of 1.25 crore shares, which totals Rs 400.00 crore and an offer for sale of 0.47 crore shares, which totals Rs 150.00 crore. The IPO received 4.2 times subscription till 1:00 pm on the last day of bidding on Monday. Its retail portion has received 4.69 times subscription, while the NII category has received 7.49 times subscription. QIB category has received 0.88 times subscription. Let us tell you that the company is engaged in manufacturing yarn.
Concorde Enviro IPO is a book built issue of Rs 500.33 crore. This includes a fresh issue of 0.25 crore shares, aggregating to Rs 175 crore and an offer for sale of 0.46 crore shares, aggregating to Rs 325.33 crore. As of 1:00 pm on the last day of bidding on Monday, the IPO received 2.42 times subscription. Its retail portion has received 3.43 times subscription, while the NII category has received 3.1 times subscription. QIB category has received 0.02 times subscription. As far as the company's work is concerned, its main work is to provide solutions to water and waste water, which includes Zero Liquid Discharge (ZLD) technology.
