packaging Shares of machine manufacturing company Mamta Machinery were listed in the market on Friday with a jump of about 147 percent from its issue price of Rs. 243. The company’s shares were listed at Rs 600 on BSE with a gain of 146.91 percent. After this it rose by 159.23 percent to reach Rs 629.95. It debuted at Rs 600 on NSE. The market valuation of the company stood at Rs 1,550.17 crore. Mamta Machinery’s IPO had received a total subscription of 194.95 times till last Monday, the last day of the offer.
what does the company do
The price band for the company’s Rs 179 crore IPO was fixed at Rs 230-243 per share. The IPO was entirely based on offer for sale (OFS). Mamta Machinery provides manufacturing solutions for the packaging industry. The company sells its machines under the brand names ‘Vega’ and ‘Win’.
Transrail Lighting
Shares of Transrail Lighting were listed with an increase of about 37 percent from its issue price of Rs 432. The share was listed on BSE at Rs 585.15, representing a gain of 35.45 per cent over the issue price. Later it rose 39.81 percent to Rs 604. The stock opened at Rs 590, up 36.57 per cent, on the NSE. The market valuation of the company was Rs 7,757.31 crore. Transrail Lighting’s IPO was subscribed 80.80 times on Monday, the last day of the offer. The price band of Rs 410-432 per share was fixed for the company’s Rs 839 crore IPO. Transrail Lighting is one of the leading engineering, procurement and construction (EPC) companies in the country. It has presence in more than 58 countries.
DAM Capital Advisors
Shares of investment banking company DAM Capital Advisors were listed in the market on Friday with a jump of about 39 percent from its issue price of Rs 283. The company’s shares were listed at Rs 392.90 on BSE with a gain of 38.83 percent. Later it rose 61.44 percent to reach Rs 456.90. On NSE it opened at Rs 393, up 38.86 per cent. The market valuation of the company stood at Rs 3,067.77 crore. The IPO of DAM Capital Advisors Limited was subscribed 81.88 times on the last day of bidding on Monday. The price band for the IPO was fixed at Rs 269-283 per share. In this, an offer for sale (OFS) of 2.97 crore shares worth Rs 840.25 crore was made.
(With inputs from PTI/Language)
