Exciting Times in the IPO GMP Market!
Big News in the Primary Market
IPO GMP Update – Guess what? The primary market is buzzing with activity! Companies like DAM Capital Advisors, Transrail Lighting, and Mamata Machinery are all having their initial public offerings (IPOs) and people are super interested in investing in them.
Quick Bidding Period
These IPOs opened for subscription on Thursday and are closing today after just three days of bidding. And get this – all three offerings were fully subscribed on the very first day! That means lots of people, from regular folks to big investors, are excited about these companies.
Grey Market Excitement
Even in the grey market, where shares are traded unofficially, things are heating up. Shares of these companies are selling at a premium of 40% to 107% over their issue prices. This shows how much people are willing to pay to get their hands on these stocks before they officially start trading.
What’s a Grey Market Premium?
Grey market premiums (GMP) are like a sneak peek into how investors feel about a stock before it officially hits the market. It’s the extra amount people are willing to pay for a stock over its IPO price. But remember, the actual gains when the stock starts trading can be different depending on how the market is doing that day.
Subscription Numbers
| IPO | GMP | % Premium |
| DAM Capital Advisors | 160 | 55 |
| Transrail Lighting | 180 | 42 |
| Mamata Machinery | 260 | 107 |
Source: NarayanVentures.com
DAM Capital Advisors
The DAM Capital Advisors IPO was subscribed 30.14 times on the last day of the share sale. The price range for this IPO is Rs 269-283 per share.
Transrail Lighting
The Transrail Lighting IPO was subscribed 31.35 times on the final day of bidding. The price range for this IPO is Rs 410-432 per share.
Mamata Machinery
The Mamata Machinery IPO was subscribed a whopping 111.27 times on its last day of share sale. The price range for this IPO is Rs 230-243 per share.
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