IPO Countdown: 6 Major IPO Closing This Week, Strong Grey Market Premiums Spark Investor Interest

This week marks the conclusion of six notable IPOs on Monday, December 23, including prominent names like Mamata Machinery. These IPOs have generated significant buzz due to their consistent performance in the grey market. Here’s a detailed look at the IPOs nearing their closure:

1. Transrail Lighting IPO

• Closing Date: December 23
• Issue Size: ₹838.91 crore
• Price Band: ₹410 to ₹432 per share
• Grey Market Premium (GMP): ₹175
  Launched on December 19, this mainboard IPO has garnered strong demand in the grey market, trading at a premium of ₹175, reflecting investor confidence.

2. DAM Capital Advisors IPO

• Closing Date: December 23
• Issue Size: ₹840.25 crore (entirely Offer for Sale)
• Price Band: ₹269 to ₹283 per share
• Grey Market Premium (GMP): ₹160
  Opened on December 19, the IPO is trading at a ₹160 premium in the grey market, making it an attractive proposition for investors.

3. Mamata Machinery IPO

• Closing Date: December 23
• Issue Size: ₹179.39 crore
• Price Band: ₹230 to ₹243 per share
• Grey Market Premium (GMP): ₹260
  Mamata Machinery’s IPO, launched on December 19, has been a standout performer, commanding a robust premium of ₹260 in the grey market.

4. Sanathan Textiles Limited IPO

• Closing Date: December 23
• Issue Size: ₹550 crore
• Price Band: ₹305 to ₹321 per share
• Grey Market Premium (GMP): ₹40
  This textile major’s IPO, open since December 19, has maintained steady traction, trading at a ₹40 premium in the grey market.

5. Newmalayalam Steel Limited IPO (SME)

• Closing Date: December 23
• Price Band: ₹85 to ₹90 per share
• Lot Size: 1,600 shares
• Grey Market Premium (GMP): ₹30
  Targeting the SME segment, Newmalayalam Steel’s IPO is also performing well, trading at a ₹30 premium in the grey market.

6. Concord Enviro Systems Limited IPO

• Closing Date: December 23
• Issue Size: ₹500.33 crore (including 25 lakh fresh shares)
• Price Band: ₹665 to ₹771 per share
• Grey Market Premium (GMP): ₹40
  Since its launch on December 19, this IPO has sustained its momentum in the grey market, trading at a ₹40 premium.

Investor Takeaway

As these six IPOs prepare to close, the strong grey market performance signals robust investor interest and optimism. Investors looking to capitalize on these opportunities should act promptly, as the grey market premiums highlight the potential for significant listing gains.