It was an IPO-heavy Monday with subscriptions to the shares of five companies closing, of which four were on the mainboard and one was a SME. Of the four mainboard IPOs, Mamata Machinery, DAM Capital Advisors and Transrail Lighting stood out in the staggering numbers of bids they attracted.

Mamata Machinery was the star being oversubscribed more than 195 times, fuelled by heavy demand from qualified institutional buyers, the portion being oversubscribed nearly 236 times and non-institutional investors which portion was subscribed over 274 times.

The entire issue of 73.8 lakh shares was an offer for sale by its promoters, with a target to raise a little over ₹179 crore, at the upper end of the price band of ₹230-243 a share.

The company makes and exports plastics bags, pouch making machines, packaging machines and extrusion equipment. Its customers are from the FMCG, foods and beverages sectors. According to its red herring prospectus it exports to over 75 countries. It has two factories to make machines, one in India and the other in the US.

The IPO of investment bank Dam Capital Advisors was subscribed nearly 82 times with again the QIB demand coming in at 166 times and non-institutional at over 98 times. It was also an OFS with the promoters aiming to raise ₹840 crore at the upper end of the price band of ₹269-283 a share.

EPC company Transrail Lighting’s ₹839-crore IPO was oversubscribed nearly 81 times, with over ₹48,000 crore worth of bids coming in from over 40 lakh applications. The QIB portion was flooded at 201 times oversubscription and non-institutional at over 76 times.

Transrail’s IPO consists of a fresh issue portion where the company is raising up to ₹400 crore, and ₹439 crore worth of shares are being sold by its promoters. The price band was set at ₹410-432 a share.

Two other IPOs on the mainboard that ended today, Sanathan Textiles and Concord Enviro Systems also saw a healthy interest.

Sanathan Textiles’ IPO was subscribed a little over 35 times while that of Concord was about 11 times. The Concord IPO comprised a fresh issue of ₹175 crore and an worth ₹325.33 crore and hit the primary market with ₹₹665-701 price band. On the other hand, the ₹550-crore IPO (₹400 crore fresh issue and ₹150 crore OFS) from the yarn manufacturer came out with a price band of ₹305-321.