New Delhi : The stock market has been in a downward trend for quite some time now. In yesterday's trading also, a fall of more than 1100 points was seen in BAE Sensex. On the other hand, at this time investors are earning good income due to most of the IPOs. For some time now, one such IPO has been making waves in the IPO market, which is listed with 100 percent premium. However, this time the number of IPOs in the SME segment has been quite high in the IPO market.
The name of this IPO which is making waves in the gray market of Main Board is Mamta Machinery Limited. This IPO of Main Board has opened for booking. You can book this IPO till 23rd December. The issue price of this IPO is said to be Rs 179.39. 74 lakh shares issued for its IPO are going to be issued under offer for sale. No new shares are going to be issued in this.
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What is the price band of this share?
Listing of Mamta Machinery Limited can happen on 27th December. The face value of this share has been kept at Rs 10 per share. The price band of this share has been kept at Rs 230 to Rs 243 per share. There can be 61 shares in one lot. For this an investment of Rs 14,823 will have to be made. A retail investor can book a maximum of 13 lots.
What is the price in gray market?
Mamta Machinery Limited's IPO is on the gray market. Till 11 am on Saturday, the gray market premium i.e. GMP of this IPO was Rs 250. Which simply means that this IPO can be listed at Rs 493 with a premium of almost 103 percent. If this happens, then this IPO will more than double the amount invested by investors in a single day. However, there is still a lot of time for this IPO to be listed. During this period, fluctuations may be seen in GMP.
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