primary market is sustaining the strong momentum seen throughout the year with 4 new IPOs opening for subscription next week. These include two in the mainboard segment from Mamata Machinery and Transrail Lighting.
Apart from the new issue openings, the Street will see as many as 9 listings, of which three will be from Mobikwik, Vishal Mega Mart and Sai Life Sciences.
Gujarat-based Mamata Machinery has fixed a price band of Rs 230-243 for its Rs 179 crore IPO, which opens for public subscription on December 19. The issue will be available for bidding till December 23.
The IPO is a pure offer for sale (OFS) comprising up to 73.82 lakh shares by promoters and existing shareholders and at the upper level of the price band, the total value of the IPO stands at Rs 179.39 crore.
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