New Delhi: DAM Capital Advisors IPO and Mamata Machinery IPO which have secured a huge subscription status are all set to be closed for subscription on Monday, December 23, 2024. The GMP of both the issues have skyrocketed in the weekend.
DAM Capital Advisors IPO GMP Allotment expected on December 24, while the shares will list on BSE and NSE likely on 27 December 27. Mamata Machinery IPO allotment expected on December 24 and listing likely on 27th December.
DAM Capital IPO subscription status, GMP
The IPO of investment bank DAM Capital Advisors fetched 6.98 times subscription on December 20. The initial public offer received bids for 14,52,54,503 shares while only 2,08,04,632 shares are up for grab. The Non-Institutional Investors category was subscribed 11.49 times subscription, Retail Individual Investors (RIIs) category fetched 8.96 times subscription and 7 per cent subscription was recorded in the Qualified Institutional Buyers (QIBs) category.
DAM Capital Advisors IPO GMP stood at Rs 160 on December 23 morning. With the price band of Rs 283, DAM Capital shares are expected to be listed at Rs 443, indicating a gain percentage of around 56 per cent, investorgain reported. IT may be noted that GMP figures are unofficial.
Mamata Machinery IPO subscription status, GMP
The Mamata Machinery IPO garnered a subscription of 37.75 times subscriptions till December 20. The packaging machinery manufacturer’s initial share sale received bids for 19,54,62,727 shares against 51,78,227 shares on offer.
The category for retail individual investors (RIIs) received 51.03 times subscriptions while portion for the non-institutional investors garnered 50.23 subscriptions. 4.74 times subscription was recorded in the Qualified institutional part.
According to investorgain, Mamata Machinery IPO GMP indicated a listing gain of over 100 per cent. The GMP today morning stood at Rs 260. With the price band of Rs 243.00, Mamata Machinery shares are predicted to list at Rs 503, signalling gain of 107 per cent.
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The GMP of DAM Capital Advisors IPO and Mamata Machinery IPO indicating listing gains of 56 per cent and over 100 per cent respectively. The initial public offer have received a huge subscription status. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
