Which one is the best public offering for listing gains as per the latest GMP?
According to sources after the stellar listing of vishal Mega Mart Ltd and One Mobikwik Systems Ltd on Wednesday, five more mainboard IPOs are going to be opened on thursday (December 19). The IPOs are mamata Machinery, DAM capital Advisors, Transrail Lighting, Sanathan Textiles, and Concord Enviro Systems. According to market observers, among these five initial public offerings, the grey market premium (GMP) is the highest for mamata Machinery at 45.68 per cent, while that of Concord Enviro Systems is the lowest at zero.
While going by the GMP data, the highest listing gain potential is in mamata Machinery as its grey market premium currently stands at 45.68 per cent, followed by DAM capital Advisors (38.16 per cent), Transrail Lighting (27.78 per cent), Sanathan Textiles (7.79 per cent), and Concord Enviro Systems (nil). All the five IPOs will be opened simultaneously for public subscription on thursday (December 19) and will be concluded on monday (December 23).Moreover on Wednesday, december 18, One Mobikwik Systems Ltd made a stellar stock market debut with a listing gain of 58.51 per cent. Its shares were listed at Rs 442.25 apiece on the BSE, against the IPO issue price of Rs 279 per share. Later, the shares soared to Rs 524, a gain of a whopping 87.81 per cent.
While going by the GMP data, the highest listing gain potential is in mamata Machinery as its grey market premium currently stands at 45.68 per cent, followed by DAM capital Advisors (38.16 per cent), Transrail Lighting (27.78 per cent), Sanathan Textiles (7.79 per cent), and Concord Enviro Systems (nil). All the five IPOs will be opened simultaneously for public subscription on thursday (December 19) and will be concluded on monday (December 23).Moreover on Wednesday, december 18, One Mobikwik Systems Ltd made a stellar stock market debut with a listing gain of 58.51 per cent. Its shares were listed at Rs 442.25 apiece on the BSE, against the IPO issue price of Rs 279 per share. Later, the shares soared to Rs 524, a gain of a whopping 87.81 per cent.