New Delhi: Transrail Lighting IPO and Concord Enviro IPO will be closing for subscription on December 23, 2024 (Monday). The initial public offering of both the companies recorded huge subscription. The two IPOs’ bidding started from December 19, 2024 and will close today. The mainboard public offers will list on BSE and NSE.
Concord Enviro Systems raised Rs 150 crore from anchor investors. The IPO is a book built issue of Rs 500.33 crore, which comprises a fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore. Transrail Lighting IPO
Transrail Lighting IPO, a book built issue of Rs 838.91 crore, is a combination of a fresh issue of shares worth Rs 400 crore and an offer for sale of 1.01 crore equity shares by a promoter Ajanma Holdings Pvt Ltd. Transrail Lighting Ltd mobilised Rs 246 crore from anchor investors.
Transrail Lighting IPO subscription status
The initial public offering (IPO) of Transrail Lighting garnered 5.31 times subscription DEcember 20, 2024 – the second day of bidding. According to the NSE data, the initial share sale recorded bids for 7,38,94,750 shares against 1,39,16,742 shares on offer.
Non-institutional investors category fetched 7.23 times subscription.
Retail individual investors part received 6.90 times subscription.
Qualified institutional buyers (QIBs) portion received 1.38 times subscription.
Transrail Lighting GMP today
The Rs 839-crore Transrail Lighting IPO has a price band of Rs 410-432 per share. The shares are expected to be allotted to successful bidders on December 24 and they will be credited to the demat accounts of successful bidders on December 26. The stock will get listed on BSE and NSE with a tentative date December 27. According to investorgain, Transrail Lighting shares are estimated to list at Rs 612, indicating gain of nearly 42 per cent.
Concord Enviro IPO subscription status, GMP
Concord Enviro Systems is engaged in the business of providing environmental engineering solutions. The initial share sale received a subscription of 1.24 times by the end of the bidding on Friday. The IPO garnered bids for 62,15,517 shares against 50,15,356 shares on offer.
Retail individual investors (RIIs) portion: 2.01 times subscription
Non-institutional investor category: 1.01 times subscription
Qualified institutional buyers part: 1 per cent subscription
Concord Enviro Systems raised Rs 150 crore from anchor investors. The price is fixed in the range of Rs 665-701 per share. Concord Enviro Systems GMP today stood at Rs 40 and with the price band of Rs 701, the shares are expected to be listed at Rs 741, indicating a gain of nearly 6 per cent.
Transrail Lighting IPO and Concord Enviro IPO close for subscription on December 20, 2024. According to investorgain Transrail Lighting GMP indicated shares could list with 42 per cent gains, while Concord Enviro shares are expected to be listed with nearly 6 per cent profit. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
