IPO GMP update: Mamata Machinery, DAM Capital, Transrail premiums soar up to 107% in grey market on final day of issue

IPO GMP update: Mamata Machinery, DAM Capital, Transrail premiums soar up to 107% in grey market on final day of issue

The primary market is witnessing a surge of activity as multiple initial public offerings (IPOs) including DAM Capital Advisors, Transrail Lighting, and Mamata Machinery—drew strong investor interest.

The IPOs, which opened for subscription on Thursday, are set to close today after a three-day bidding period.

All three offerings were fully subscribed on the very first day, reflecting robust demand from retail, institutional, and high-net-worth investors.

The enthusiasm has spilled over to the grey market, where shares of these companies are trading at a premium ranging between 40 percent and 107 percent over their issue prices, market watchers said.

Grey market premiums (GMP) are often seen as an indicator of investor sentiment ahead of a stock’s debut on the bourses. The GMP reflects the additional amount investors in the unregulated market are willing to pay over the IPO price. However, analysts caution that actual listing gains could vary depending on broader market conditions and the demand-supply dynamics on the listing day.

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DAM Capital Advisors IPO received 30.14 times subscription on the concluding day of share sale on December 23 till 2:30 pm. The initial share sale has a price band of Rs 269-283 per share

The initial public offering (IPO) of Transrail Lighting received 31.35 times subscription on the final day of bidding till 2: 30 PM. The Rs 839-crore IPO has a price band of Rs 410-432 per share.

Packaging machinery manufacturer Mamata Machinery IPO garnered 111.27 times subscriptions today, its last day of share sale on December 23. The Rs 179-crore IPO has a price range of Rs 230-243 per share.

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