D-Street to see Mamata Machinery, DAM Capital Advisors among 6 listings on Friday. Here's what GMP signals
shares of Sanathan Textiles, Concord Enviro Systems, Newmalayalam Steel, DAM Capital Advisors, Transrail Lighting and Mamata Machinery will list on the exchanges on Friday.
Among these, Mamata Machinery and DAM Capital Advisors are commanding a robust GMP in the grey market, while the others, even though positive, lag a bit.
Ahead of the listing, Mamata Machinery is boasting a GMP of Rs 245, compared with an issue price of Rs 243, which is a premium of over 100%. Meanwhile, DAM Capital is trading with a GMP of 51% in the grey market.
The IPO of Mamata Machinery received massive response from investors with an overall subscription of 194 times at close. The Rs 179 crore IPO is completely an offer for sale (OFS) of up to 73 lakh shares.
Since the IPO is entirely an OFS, the proceeds from the offer will go to the selling shareholders.
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