An Initial Public Offering (IPO) is when a private company offers its shares to the public for the first time, allowing it to raise capital from investors. For Indian retail investors, IPOs present opportunities to invest in growing companies at early stages, potentially earning returns as they expand.
The IPOs of Concord Enviro Systems, Transrail Lighting, DAM Capital Advisors, Mamata Machinery, and Sanathan Textiles will open on December 19, 2024, and close on December 23, 2024. GMPs for some IPOs show strong premiums, indicating favorable market sentiment.
1. Mamata Machinery Limited IPO
Mamata Machinery Limited was incorporated in April 1979 and manufactures and exports machines for plastic bag and pouch production, packaging, and extrusion equipment. The company serves industries like FMCG and food & beverage, it exports to over 75 countries and operates facilities in India and the USA.
Mamata Machinery IPO Details
The Mamata Machinery IPO is a book-built issue valued at Rs. 179.39 crores. The entire issue consists of an offer for sale of 0.74 crore shares.
The Mamata Machinery IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The price band for the IPO is set at Rs. 230 to Rs. 243 per share. The minimum lot size for an application is 61 shares, and the minimum investment required by retail investors is Rs. 14,823.
Mamata Machinery GMP
The share price of Mamata Machinery Limited in the grey market was trading at an 82.3 percent premium as of December 19th, 2024. The shares in Grey Market traded at Rs. 443. This gives it a premium of Rs. 200 per share over the cap price of Rs. 243.
Financials Highlight
Mamata Machinery Limited’s consolidated revenue from operations has increased by 14.84 percent YOY from Rs. 210.13 crore in FY23 to Rs. 241.31 crore in FY24. The company’s consolidated net profit has increased by 60.51 percent from Rs. 22.51 crore in FY23 to Rs. 36.13 crore in FY24.
2. DAM Capital Advisors Limited IPO
DAM Capital Advisors Limited was established in 1993 and rebranded in 2020. The company is a prominent Indian investment bank offering services in investment banking, equity capital markets, mergers & acquisitions, private equity, and institutional equities. It serves clients globally, with expertise in executing ECM transactions and providing advisory services across industries.
DAM Capital Advisors IPO Details
The DAM Capital Advisors IPO is a total issue worth Rs 840.25 crores. The entire issue is an offer for the sale of 2.97 crore shares.
The DAM Capital Advisors IPO will open for subscription on December 19, 2024 and close on December 23, 2024. The price band for the IPO is set at Rs. 269 to Rs. 283 per share. The minimum lot size for an application is 53 shares, and the minimum investment required by retail investors is Rs. 14,999.
DAM Capital Advisors GMP
The share price of DAM Capital Advisors Limited in the grey market was trading at a 52.30 percent premium as of December 19th, 2024. The shares in Grey Market traded at Rs. 431. This gives it a premium of Rs. 148 per share over the cap price of Rs. 283.
Financials Highlight
DAM Capital Advisors Limited’s consolidated revenue from operations has increased by 114.02 percent YOY from Rs. 85.04 crore in FY23 to Rs. 182 crore in FY24. The company’s consolidated net profit has increased by 713.38 percent from Rs. 8.67 crore in FY23 to Rs. 70.52 crore in FY24.
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3. Transrail Lighting Limited IPO
Transrail Lighting Limited was founded in 2008 and is an engineering and construction company specializing in power transmission and distribution. It manufactures lattice structures, conductors, and monopoles, and provides EPC services for transmission lines, civil construction, and railway electrification. The company has completed numerous projects across 58 countries, with a strong presence in the power and infrastructure sectors.
Transrail Lighting IPO Details
The Transrail Lighting IPO is a total issue valued at Rs. 838.91 crores. The issue consists of a fresh issue of 0.93 crore shares amounting to Rs. 400.00 crore and an offer for sale of 1.02 crore shares totaling Rs. 438.91 crore.
The Transrail Lighting IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The price band for the IPO is set at Rs. 410 to Rs. 432 per share. The minimum lot size for an application is 34 shares, and the minimum investment amount required by retail investors is Rs. 14,688.
Transrail Lighting GMP
The share price of Transrail Lighting Limited in the grey market was trading at a 33.56 percent premium as of December 19th, 2024. The shares in Grey Market traded at Rs. 577. This gives it a premium of Rs. 145 per share over the cap price of Rs. 432.
Financials Highlight
Transrail Lighting Limited’s consolidated revenue from operations has increased by 30.20 percent YOY from Rs. 3,172.03 crore in FY23 to Rs. 4,130 crore in FY24. The company’s consolidated net profit has increased by 116.80 percent from Rs. 107.57 crore in FY23 to Rs. 233.21 crore in FY24.
4. Sanathan Textiles Limited IPO
Sanathan Textiles Limited was established in 2005 and manufactures polyester and cotton yarn, along with yarns for technical textiles used in sectors like automotive, healthcare, and construction. The company exports to over 27 countries, serving clients such as Welspun India and Valson Industries.
Sanathan Textiles IPO Details
The Sanathan Textiles IPO is a book-built issue with a total value of Rs 550.00 crores. It comprises a fresh issue of 1.25 crore shares aggregating to Rs 400.00 crores, along with an offer for sale of 0.47 crore shares aggregating to Rs 150.00 crores.
The Sanathan Textiles IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The price band for the IPO is set at Rs. 305 to Rs. 321 per share. The minimum lot size for an application is 46 shares, with a minimum investment amount of Rs. 14,766 required from retail investors.
Sanathan Textiles GMP
The share price of Sanathan Textiles Limited in the grey market was trading at a 12.46 percent premium as of December 19th, 2024. The shares in Grey Market traded at Rs. 361. This gives it a premium of Rs. 40 per share over the cap price of Rs. 321.
Financials Highlight
Sanathan Textiles Limited’s consolidated revenue from operations has decreased by 10.92 percent YOY from Rs. 3,345.02 crore in FY23 to Rs. 2,979.8 crore in FY24. The company’s consolidated net profit has decreased by 12.37 percent from Rs. 152.74 crore in FY23 to Rs. 133.85 crore in FY24.
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5. Concord Enviro Systems Limited IPO
Concord Enviro Systems Limited was founded in 1999 and specializes in water and wastewater treatment, reuse, and zero-liquid discharge (ZLD) solutions. The company provides end-to-end services, including design, manufacturing, and O&M, focusing on water sustainability and energy recovery for diverse industries globally.
Concord Enviro IPO Details
The Concord Enviro IPO consists of a total issue size of Rs. 500.33 crores. This includes a fresh issue of 0.25 crore shares amounting to Rs. 175.00 crore and an offer for sale (OFS) of 0.46 crore shares totaling Rs. 325.33 crore.
The Concord Enviro IPO will open for subscription on December 19, 2024, and close on December 23, 2024. The price band for the IPO is set between Rs. 665 and Rs. 701 per share. Investors can apply with a minimum lot size of 21 shares, requiring a minimum investment of Rs. 14,721 for retail investors.
Concord Enviro GMP
The share price of Concord Enviro Limited in the grey market was trading at a 9.99 percent premium as of December 19th, 2024. The shares in Grey Market traded at Rs. 771. This gives it a premium of Rs. 70 per share over the cap price of Rs. 701.
Financials Highlight
Concord Enviro Systems Limited’s consolidated revenue from operations has increased by 44.76 percent YOY from Rs. 343.22 crore in FY23 to Rs. 496.86 crore in FY24. The company’s consolidated net profit has decreased by 95.87 percent from Rs. 7.03 crore in FY23 to Rs. 0.15 crore in FY24.
Written By – Nikhil Naik
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