D-street was buzzing on December 27 as shares of two mainboard issues made their share market debut. Shares of both Mamata Machinery Limited and DAM Capital Advisors Limited are listed on the exchanges at a premium.
Mamata Machinery Shares List At 147 Per Cent Premium
Mamata Machinery Limited shares made a stellar debut on Friday, December 27. The stock listed on the BSE and NSE at Rs 600 apiece, up by 146.91 per cent compared to the issue price of Rs 243 apiece. The stock gained 5 per cent and was locked at the upper circuit limit of Rs 630 apiece on the NSE.
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Retail investors who were allotted at least one lot or 61 shares would have made a profit of Rs 21,777 (Rs 600 - Rs 243 x 61 ) after the stock started trading on the exchange.
As many as 25.29 lakh shares of the company changed hands on the NSE after the stock began to trade. The total market capitalisation of Mamata Machinery Limited stood at Rs 1,550.29 crore.
Mamata Machinery IPO: Details
Mamata Machinery IPO was worth Rs 179.39 crore and consisted entirely of an offer for sale of 74 lakh shares. The minimum lot size for applying for Mamata Machinery IPO for retail investors was 1 lot consisting of 61 shares, which aggregated to an investment of Rs 14,823. The price band for the mainboard issue was Rs 230 to Rs 243 per share.
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Mamata Machinery IPO was open for subscription from December 19 to December 23. The share allotment status of the mainboard issue was finalised on December 24. The mainboard issue received bids for 1,00,94,81,802 shares compared to 51,78,227 shares offered for subscription. The mainboard issue was booked 194.95 times across all categories. Non-institutional investors led the demand for the company’s shares as they booked the issue 274.38 times. The issue was booked 235.88 times by Qualified Institutional Bidders and 138.08 times by retail individual investors. Employees of the company booked the issue 153.27 times.
Mamata Machinery will not receive any proceeds from the public issue as the proceeds will be received by the selling shareholders.
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Mamata Machinery is a manufacturer and exporter of machines used for making plastic bags, pouches, packaging, and extrusion equipment. Notable clients of the company include Balaji Wafers Private Limited, Dass Polymers Private Limited, Jflexy Packaging Private Limited, Euphoria Packaging Private Limited and Sunrise Packaging. The company has two machine manufacturing facilities located in India and USA. The company employed 87 engineers as of May 31, 2024.
DAM Capital Advisors Shares List At 38 Per Cent Premium
DAM Capital Advisors Limited shares made a strong debut on Friday, December 27. The stock listed on the NSE at Rs 393 apiece, up by 38.86 per cent compared to the issue price of Rs 283 apiece. The stock gained 16 per cent to hit an intraday high of Rs 456.9 apiece on the NSE. The stock is listed with a premium of 38.83 per cent on the BSE at Rs 392.9 apiece.
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Retail investors who were allotted at least one lot or 53 shares would have made a profit of Rs 5,830 (Rs 393 - Rs 283 x 53 ) after the stock started trading on the exchange.
As many as 333.89 lakh shares of the company changed hands on the NSE after the stock began to trade. The total market capitalisation of DAM Capital Advisors Limited stood at Rs 3,065.65 crore.
DAM Capital Advisors IPO: Details
DAM Capital Advisors IPO was worth Rs 840.25 crore and consisted entirely of an offer for sale of 2.97 shares. The minimum lot size for applying for DAM Capital Advisors IPO for retail investors was 1 lot consisting of 53 shares, which aggregated to an investment of Rs 14,999.
DAM Capital Advisors IPO was open for subscription from December 19 to December 23. The share allotment status of the mainboard issue was finalised on December 24. The mainboard issue received bids for 170.76 crore shares compared to 2.08 crore shares offered for subscription. The mainboard issue was booked 82.08 times across all categories.
The issue was booked 166.33 times by Qualified Institutional Bidders and 138.08 times by retail individual investors. Non-institutional investors booked their quota 98.62 times. Employees of the company booked the issue 40.55 times.
The company will not receive any proceeds from the public issue as the proceeds will be received by the selling shareholders who participated in the offer-for-sale.
DAM Capital Advisors Limited is a provider of financial solutions. The company provides financial solutions such as investment banking for equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. The company also offers broking and research services.
The company had employed 121 people across all businesses as of October 31, 2024.
