The Indian stock market has been buzzing with excitement as several big names such as Mamata Machinery, Diffusion Engineers, Swiggy, and more have announced their initial public offering (IPO). The latest being Mamata Machinery, whose IPO was fully subscribed within minutes of its launch. The trend continues as companies like Diffusion Engineers report being over-subscribed by over 27 times. It is evident that investors are eager to get their hands on these IPOs, with some even being over-subscribed by up to 76 times. It's a clear indication of the market's confidence in these companies and their potential for growth.
The IPO of Mamata Machinery Ltd, a manufacturer of packaging machinery from Gujarat, opened to a stellar reception, with the offering's price band set between Rs 230 and Rs 243 per share. Within the first hour of bidding, the IPO was subscribed over three times, and by the end of the first day, it had received bids for 16.49 times the total shares on offer. Retail investors can apply for a minimum lot size of 61 shares with a minimum investment of Rs 14,823, while small and big non-institutional investors can invest in a minimum lot size of 14 and 68 lots respectively.
As the Indian stock market continues to rally, a number of companies are taking advantage by launching their Initial Public Offerings (IPOs). Among them are Mamata Machinery, who has opened its IPO with a price band of Rs 230-243. Other companies such as Transrail Lighting, Concord Enviro, ACME Solar, Mobikwik, Niva Bupa, Senores Pharma, Sterlite Power, and Zinka Logistics have also announced their IPOs with various price bands. These IPOs are expected to bring in a significant amount of capital, with some companies like ACME Solar raising Rs 2,900 crore through their IPO. Investors are eagerly watching these developments and expecting a positive outcome.