Introduction:
The current IPO market in India is experiencing a significant surge, with companies from various sectors, including technology, finance, and healthcare, tapping into public markets for funding. Investor sentiment is strong, driven by positive economic indicators and favorable market conditions.
Several high-profile IPOs have been successfully launched, attracting substantial interest from both retail and institutional investors. Despite some volatility, the overall outlook remains optimistic, with expectations of continued growth in the IPO space as companies seek to capitalize on favorable market dynamics.
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Here are a list of IPOs open for subscription today:
Transrail Lighting Limited IPO
Transrail Lighting IPO opened for subscription on December 19, 2024, with a price band of ₹410 to ₹432 per share and GMP of ₹160 as of December 19, 2024. The IPO will close on December 23, 2024, with allotment on December 24 and listing on December 27, 2024.
Transrail Lighting Limited, established in 2008, specializes in power transmission and distribution, manufacturing lattice structures, conductors, and monopoles. It offers EPC services in civil construction, railway electrification, and lighting, along with comprehensive supply and installation services.
Sanathan Textiles Limited IPO
Sanathan Textiles Limited IPO opened for subscription on December 19, 2024, with a price band of ₹305 to ₹321 per share and GMP of ₹40 as of December 19, 2024. The IPO will close on December 23, 2024, with allotment on December 24 and listing on December 27, 2024.
Sanathan Textiles Limited, founded in 2005, manufactures polyester and cotton yarn, including products for technical textiles used in automotive, healthcare, and construction. With over 3,200 yarn varieties and 45,000 SKUs, the company offers a diverse and global product portfolio.
DAM Capital Advisors Limited IPO
DAM Capital Advisors Limited IPO opened for subscription on December 19, 2024, with a price band of ₹269 to ₹283 per share and GMP of ₹148 as of December 19, 2024. The IPO will close on December 23, 2024, with allotment on December 24 and listing on December 27, 2024.
DAM Capital Advisors Limited is an Indian investment bank offering services in investment banking, equity capital markets, M&A, private equity, and structured finance. It has successfully executed 72 ECM transactions, including IPOs, placements, and buybacks, since its acquisition in 2019.
Newmalayalam Steel Limited IPO
Newmalayalam Steel Limited IPO opened for subscription on December 19, 2024, with a price band of ₹85 to ₹90 per share and GMP of ₹30 as of December 19, 2024. The IPO will close on December 23, 2024, with allotment on December 24 and listing on December 27, 2024.
NewMalayalam Steel Limited, based in Kerala, manufactures galvanized pipes, tubes, and sheets with a 3,500 MT capacity. Its products, marketed under the “Demac Steel” brand, are trusted by clients like Jaihind Steel and Aashico Ventures, building strong brand equity.
Concord Enviro Systems Limited IPO
Concord Enviro Systems Limited IPO opened for subscription on December 19, 2024, with a price band of ₹665 to ₹701 per share and GMP of ₹70 as of December 19, 2024. The IPO will close on December 23, 2024, with allotment on December 24 and listing on December 27, 2024.
Concord Enviro Systems Limited, established in 1999, provides global water and wastewater treatment solutions, including zero-liquid discharge (ZLD) technology. It offers end-to-end services, including design, manufacturing, installation, O&M, and digitalization, focusing on energy optimization and sustainability.
Mamata Machinery Limited IPO
Mamata Machinery Limited IPO opened for subscription on December 19, 2024, with a price band of ₹230 to ₹243 per share and GMP of ₹200 as of December 19, 2024. The IPO will close on December 23, 2024, with allotment on December 24 and listing on December 27, 2024.
Mamata Machinery Limited, established in 1979, manufactures machines for plastic bags, pouches, packaging, and extrusion equipment. Serving FMCG, food, and beverage industries, its clients include Balaji Wafers, Chitale Foods, and Gits Food Products, among others.
Identical Brains Studios Limited IPO
Identical Brains Studios Limited IPO opened for subscription on December 18, 2024, with a price band of ₹51 to ₹54 per share and GMP of ₹40 as of December 19, 2024. The IPO will close on December 20, 2024, with allotment on December 23 and listing on December 26, 2024.
Identical Brains Studios Limited, founded in 2019, specializes in computer-generated visual effects (VFX) for films, web series, TV series, and commercials. It has won multiple awards, including Filmfare OTT and Dadasaheb Phalke Awards, for Best Visual Effects.
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NACDAC Infrastructure Limited IPO
NACDAC Infrastructure Limited IPO opened for subscription on December 17, 2024, with a price band of ₹33 to ₹35 per share and GMP of ₹42 as of December 19, 2024. The IPO will be alloted on December 20 and listing on December 24, 2024.
NACDAC Infrastructure Limited, founded in 2012, specializes in multi-story building construction, including residential, commercial, and institutional structures. The ISO-certified company focuses on civil, structural, and electrical works, completing 45 projects for both government and private clients.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
