IPO highlights: Mamata Machinery, DAM Capital and Transrail Lighting fully subscribed on Day 1; check details

It was a busy day for primary market investors yet again, with as many as six new initial public offerings (IPOs) opening on Thursday, December 19.

Besides that, a stellar listing and huge subscription in two ongoing SME (small and medium enterprise) IPOs kept the momentum going for the primary market investors.

3 out of 5 mainboard IPO oversubscribed

As many as 5 mainboard issues opened on Thursday. Out of these five IPOs, DAM Capital Advisors, Transrail Lighting and Mamata Machinery saw strong demand across investor categories as the public issues were fully subscribed within hours of launch.

Mamata Machinery IPO booked 16.48x

The ₹179.39-crore Mamata Machinery IPO received maximum traction among the new mainboard issues.

Mamata Machinery IPO was subscribed nearly 16.5 times. The retail portion was booked 23.84 times while the Non-Institutional Investors’ segment was subscribed nearly 19 times. The Qualified Institutional Buyers’ segment was booked 1.51 times and the employees quota was subscribed nearly 29 times.

Price band for the IPO is set at ₹230 to ₹243 per share and the lot size for an application is 61. Bidding closes on December 23 and the listing is expected on December 27 on both BSE and NSE.

DAM Capital Advisors IPO booked 2.75x

The ₹840.25-crore DAM Capital Advisors was fully subscribed during the first half of the Day 1.

The IPO was booked 2.75 times at the end of bidding at 5pm on day 1. The retail portion was subscribed nearly 4 times, while the NIIs’ segment was subscribed 3.73 times. The QIBs booked their quota only 1% with bids for 62,116 shares against 59.24 lakh shares on offer.

The IPO price band has been set at ₹269 to ₹283 per share and the lot size for an application is 53. Bidding closes on December 23 and the listing is expected on December 27 on both BSE and NSE.

Transrail Lighting IPO booked 2.07x

The ₹838.91-crore Transrail Lighting IPO was also fully subscribed on the first day of bidding.

At the end of bidding on the first day, the mainboard issue was booked 2.12 times. The NIIs booked their quota 2.16 times, while the retail portion was booked nearly 3 times. The QIBs booked 77% of their allocation of over 37.95 lakh shares.

The price band for the IPO has been set at ₹410 to ₹432 per share and the lot size for an application is 34 shares. Bidding closes on December 23.

These 3 IPOs will make there market debut on December 27 on both BSE and NSE.

Sanathan Textiles IPO Day 1

On the first day of subscription, the ₹550-crore Sanathan Textiles IPO was subscribed 45%. The retail investors’ portion was booked 76%, while the NIIs booked 32% of their quota. The QIBs’ category received applications for only 644 shares against 36.06 lakh shares reserved for the segment.

The IPO price band has been fixed at ₹305 to ₹321 per share and the lot size for an application is 46. Bidding closes on December 23 and the listing is expected on December 27 on both BSE and NSE.

Concord Enviro Systems IPO Day 1

The ₹500.33-crore book-building issue of Concord Enviro Systems Limited was subscribed nearly 60% on day 1. The retail portion was fully booked while the NIIs’ category saw 35% subscription. The QIBs segment saw negligible demand with bids for only 588 shares.

The IPO price band has been set at ₹665 to ₹701 per share and the lot size for an application is 21. The IPO is open for bidding till December 23.

The listing date for the mainboard issue has been fixed as December 27. Shares of the company will be listed on both the BSE and NSE.

Newmalayalam Steel IPO Day 1

On the first day of bidding, the SME IPO of Newmalayalam Steel Ltd. was subscribed more than twice. The issue was subscribed more than four times in the retail category and 44% in the NIIs segment. The QIBs portion was also fully booked on day 1.

Price band for the issue is ₹85 to ₹90 per share and the lot size is 1,600 shares. Bidding closes on December 23. The stock is likely to list on December 27 on the NSE Emerge platform.

Identical Brains Studios IPO going strong on second day

VFX services provider Identical Brains Studios Ltd, which launched its ₹19.95-crore SME IPO on Wednesday, was going strong on the second day of bidding. The issue was overall booked 145.77 times.

The Identical Brains Studios IPO is a book-built issue consisting entirely of fresh issuance of 36.94 lakh shares. The price band is set at ₹51 to ₹54 per share, and the lot size is 2,000 units.

Bidding for the issue closes on December 20. The allotment is expected to be finalised on December 23 and the stock is expected to list on the NSE Emerge platform on December 26.

NACDAC Infrastructure IPO closes for bidding with a bang

The ₹10.01-crore NACDAC Infrastructure IPO saw tremendous response from investors as bidding neared its end.

On Thursday, the last day of bidding, the BSE SME IO was subscribed 2,209 times. The retail quota of the issue was subscribed over 2,500 times, while the NIIs booked their category 4,084 times. The QIBs segment was subscribed over 236 times.

The NACDAC Infrastructure IPO is a book-built issue made up entirely of a fresh issuance of 28.60 lakh shares. Price band for the issue is ₹33 to ₹35 per share and the lot size is 4,000 shares.

Allotment for the IPO is expected to be finalised on December 20 and the stock is likely to be listed on the BSE SME platform on December 24.

Inventurus Knowledge makes strong listing

Inventurus Knowledge Solutions shares were listed at ₹1,900 a unit on the National Stock Exchange (NSE) on Thursday, a premium of 42.96% to the issue price of ₹1,329 apiece. After listing at a 42.96% premium, shares rose further to close at 6.8% higher at ₹2,030 apiece on the NSE.

Yash Highvoltage lists at 90% premium

Yash Highvoltage Ltd made a stellar debut on the BSE SME platform today, with the stock listing at a 90% premium. The stock opened the session at ₹277.40 compared with its issue price of ₹146 per share.

The Yash Highvoltage IPO, which was open for bidding between December 12 and December 16, garnered a strong response from investors. The issue was subscribed almost 182 times during the three-day period.