5 IPOs to open tomorrow. Price band, GMP among all things you need to know before subscribing
Transrail Lighting, Sanathan Textiles, DAM Capital Advisors, Mamata Machinery and Concord Enviro Systems will open for subscription on Thursday. Here are key details investors need to know before subscribing.Transrail Lighting IPO
Transrail's IPO includes a fresh equity sale of Rs 400 crore along with an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings. The company has priced the IPO at Rs 432 at the upper end.
In the grey market, the GMP is around Rs 120, which indicates a premium of 28% over the issue price.
Proceeds from the fresh issue will be used to fund incremental working capital requirements, support capital expenditure and for general corporate purposes.
Transrail Lighting is one of the leading Indian engineering, procurement and construction (EPC) companies with a primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors and monopoles. It has a footprint in more than 58 countries.
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