Market News
3 min read | Updated on December 18, 2024, 13:21 IST
SUMMARY
Veteran banker Dharmesh Mehta-led DAM Capital Advisors' ₹840.25 crore public offer is exclusively an OFS of 2.97 crore shares with no fresh issue component. It has fixed a price range of ₹269 to ₹283 per share.
Concord Enviro Systems has fixed a price band of ₹665 to ₹701 per share for its ₹500.33 crore initial share sale.
Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Concord Enviro Systems and Sanathan Textiles' initial public offerings (IPOs) will open for public subscription on Thursday, December 19. The NSE SME issue of Newmalayalam Steel will hit the primary market on the same day. The initial share sales will conclude on Monday, December 23.
The allotment statuses for five mainboard IPOs and one SME offer will likely be finalised on December 24, while shares will be listed on stock exchanges on December 27.
The price band has been set at ₹410-₹432 per share, and the minimum lot size is 34 shares, requiring an investment of ₹14,688.
Wastewater treatment solutions provider Concord Enviro Systems has fixed a price band of ₹665 to ₹701 per share for its ₹500.33 crore initial share sale.
Investors can apply for a minimum of 21 equity shares worth ₹14,721.
The IPO consists of a fresh issue valued at ₹175 crore and an OFS of ₹325.33 crore.
It has set a price band of ₹230-₹243 per share. Investors can bid for at least one lot or 61 shares for ₹14,823.
Veteran banker Dharmesh Mehta-led DAM Capital Advisors' ₹840.25 crore public offer is exclusively an OFS of 2.97 crore shares with no fresh issue component. It has fixed a price range of ₹269 to ₹283 per share.
The minimum investment requirement is ₹14,999 for one lot having 53 shares.
Polyester yarn manufacturer Sanathan Textiles has set a price band of ₹305 to ₹321 per share. The ₹550 crore issue is a fresh issuance of shares aggregating to ₹400 crore and an OFS of ₹150 crore.
Investors can bid for at least 46 shares worth ₹14,766.
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