Five IPO Listings Today: Mamata Machinery Posts Whopping 146.9% Gain, DAM Capital Lists At 38.5% Premium – News18
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IPO Listings Today: Mamata Machinery posts the highest listing gain of 146.9 per cent, followed by DAM Capital (38.51 per cent), Transrail Lighting (35.45 per cent), Sanathan Textiles (30.52 per cent), and Concord Enviro Systems (18.68 per cent).
IPO Listings Today.
Five IPOs — Mamata Machinery, DAM Capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems — have been listed on a strong note on Friday. Mamata Machinery posted the highest listing gain of 146.9 per cent, followed by DAM Capital (38.51 per cent), Transrail Lighting (35.45 per cent), Sanathan Textiles (30.52 per cent), and Concord Enviro Systems (18.68 per cent).
Mamata Machinery
Mamata Machinery on Friday made its stock market debut at Rs 600 per share on the BSE against the IPO issue price of Rs 243.
DAM Capital
DAM Capital made its stock market debut at Rs 392.9 per share on the BSE against the IPO issue price of Rs 283.
Transrail Lighting
Transrail Lighting made its stock market debut at Rs 585.15 per share on the BSE against the IPO issue price of Rs 432.
Sanathan Textiles
Sanathan Textiles made its stock market debut at Rs 419.1 per share on the BSE against the IPO issue price of 321.
Concord Enviro Systems
Concord Enviro Systems made its stock market debut at Rs 832 per share on the BSE against the IPO issue price of 701.
The IPOs were opened for public subscription between December 19 and December 23.
Should You Hold, Buy Or Sell? Analyst’s Recommendation
Shivani Nyati, head of wealth at Swastika Investmart Ltd, shares her insights on the IPO listings and gives recommendations to the investors:
Mamata Machinery
“Mamata Machinery Limited manufactures and exports plastic bags and pouchmaking machines, packaging machines, and extrusion equipment. It provides end-to-end manufacturing solutions for the packaging industry. The IPO witnessed an overwhelming response, with a massive subscription. The company’s strong global presence, including a manufacturing unit in the US, and its consistent growth in revenue and profit underscore its robust fundamentals,” she said.
The IPO’s reasonable valuation further enhances its appeal. Company made a huge stock market debut, listing at a significant 147% premium over its issue price of Rs. 243. Those who took part in the initial public offering (IPO) may book part profit and choose to hold onto their shares while keeping a careful eye on the company’s performance and the state of the market, as well as maintaining a stop loss at the 550, Nyati added.
Concord Enviro
Concord Enviro Systems Limited is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge (ZLD) technology. The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization. The company has Consistent financial performance but a sharp rise in profit raise some concerns, as it may appear questionable. The IPO is priced reasonably, Nyati said.
“The company made a quiet stock market debut, listing for Rs. 826 per share, a significant 18% premium over its issue price of Rs. 701. Those who took part in the initial public offering (IPO) may take listing gains profit,” she added.
DAM Capital
DAM Capital Advisors Limited is an investment bank in India. The company offers a wide range of financial solutions in the areas of Investment banking comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. DAM Capital Advisors, the fastest-growing merchant bank in India with a strong revenue CAGR from FY22 to FY24. The IPO is a complete offer for sale, and the valuation appears fully priced, she said.
“The company made a good stock market debut, listing at a significant 39% premium over its issue price of Rs. 283. Those who took part in the initial public offering (IPO) may book part profit and choose to hold onto their shares while keeping a careful eye on the company’s performance and the state of the market, as well as maintaining a stop loss at 390,” Nyati added.
Transrail Lighting
Transrail Lighting Limited is an Indian engineering, procurement and construction company. Which primarily focuses on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. The company Demonstrated consistent growth in revenue and profitability. The IPO is attractively priced based on its PE ratio, she said.
“The company made a quiet stock market debut, listing at a significant 36% premium over its issue price of Rs. 432. Those who took part in the initial public offering (IPO) may take listing gains profit,” Nyati said.
Sanathan Textiles
Sanathan Textiles Limited is a polyester yarn manufacturer and a global supplier of Cotton Yarn. The company’s business is divided into three separate yarn business verticals, consisting of Polyester yarn products, Cotton yarn products and Yarns for technical textiles and industrial uses. The company has declined in revenue and profitability, along with shrinking margins, raises caution. The IPO is priced reasonably, Nyati said.
“The company made a quiet stock market debut, listing at a significant 31% premium over its issue price of Rs. 321. Those who took part in the initial public offering (IPO) may take listing gains profit,” she added.
