Mamata Machinery and DAM Capital Advisors' IPOs see strong demand, listing at high premiums to IPO prices.

Mamata Machinery's IPO, set to list on December 27, was heavily subscribed at 195 times, with shares expected to list at a 107% premium to the IPO price of Rs 243. All proceeds will go to selling shareholders. Meanwhile, DAM Capital Advisors' IPO also saw strong interest, with shares expected to list 54.77% above the price band of Rs 269 to Rs 283. Both IPOs are offer-for-sale transactions, not raising new funds for the companies.

December 26, 2024
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