Investors make good listing gains from 5 companies

Five companies made their stock market debut on Friday with listing gains ranging from 18 to 147 per cent and investors made profits ranging ₹2.625 to ₹21,777 per lot size on listing. 

The five listed companies were Concord Enviro Systems, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles and Transrail Lighting. 

Mamata Machinery, whose IPO was subscribed 195 times, listed at ₹600 on the NSE, a 147 per cent premium to its issue price of ₹243. With a minimum lot size of 61 shares, investors made a cool ₹21,777 per lot just on the listing. The stock closed at  ₹629.95, on the BSE, making a return of nearly 160 per cent.

The Gujarat-based packaging machinery manufacturer hit the capital market with a ₹179.38-crore public offer. The IPO was entirely an offer-for-sale of 73.82 lakh equity shares by the promoters Mahendra Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP.

Shares of Investment bank DAM Capital Advisors listed at ₹393 on the NSE, a premium of nearly 39 per cent to its issue price of ₹283 a share. At a lot size of 53 shares, investors took home a profit of ₹5,830 on each lot. The stock ended the day at ₹415.05. while during they it rose to a high of ₹456.90. The entire ₹840.25 crore IPO was an OFS.

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Transrail Lighting listed at ₹590, compared to its issue price of ₹432 a share. Investors could bid for a minimum of 34 shares on each lot, and that would mean a profit of ₹5,382 a lot on listing. It ended at ₹554.50 after zooming to a high of ₹605 intraday. Transrail Lighting is one of the leading Indian Engineering, Procurement and Construction (EPC) companies with a primary focus on the power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. The ₹839-crore IPO was subscribed 80.80 times (QIB: 201.06 times; NII 76.41 times; retail investors: 22.07 times; and employees: 4.07 times).

Shares of Sanathan Textiles debuted on the exchange listing at a 31.56 per cent premium on the NSE at ₹422.30 against the IPO price of ₹321. The minimum lot size was 46 shares and investors would have made a listing gains of over ₹4,600. It ended the day’s trading at ₹393.90, a 22.71 per cent premium over the IPO price. During the day, shares of Sanathan Textiles touched a high of ₹422.65 and a low of ₹382. The Maharashtra-based yarn manufacturer came out with an IPO size of ₹550 crore.

Concord Enviro debuted at ₹826, a premium of around 18 per cent to its issue price of ₹701, edged up to hit a high of ₹860, before settling at ₹830.35 on the NSE. The minimum lot size was 21 shares and at listing, the profit would have been over ₹2,600 a lot.

Concord Enviro Systems is an integrated solutions provider for industrial wastewater re-use and zero liquid discharge solutions. The ₹500.33 IPO comprised fresh issue (₹175 crore) and an OFS (₹325.33 crore).

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