IPOs of 5 companies were opened in the stock market on 19th December and their subscription was closed on 23rd December and it was going to happen tomorrow i.e. on 24th December, but till now the shares of 2 big IPOs have not been allotted. People investing in both these IPOs are worried as to why the allotment of these IPOs is stalled? These three IPOs are Mamata Machinery and DAM Capital Advisors.
Why has it not been allotted yet?
Actually, both these IPOs will be listed in the stock market on 27th December. The registrar that processes the issue of these companies, allots shares and transfers the money to the account is only one, whose name is Link Intime. It is believed that due to the bank holiday on Christmas, it has faced difficulties in allotment of shares so far. For this reason the shares have not been allotted yet.
However, no information regarding this has been revealed by the companies. It is expected that the allotment of Mamata Machinery and DAM Capital Advisors IPO can happen any time by late evening today.
related news
These IPOs were opened on 19 December
Both these IPOs were opened simultaneously. Along with these two IPOs, a total of five IPOs were open for subscription between December 19 and December 23. The price band of Mamata Machinery was ₹230 to ₹243 per share. Whereas the price band of Dam IPO was fixed at ₹ 269 to ₹ 283 per share.
Who subscribed how much?
Mamata Machinery IPO was subscribed a total of 194.95 times. In this, retail category subscribed 138.08 times, QIB subscribed 235.88 times, HNI subscribed a total of 274.38 times. DAM IPO was booked a total of 81.88 times, out of which it was booked 26.8 times in the retail category, 166.33 times in the QIB category and a total of 98.47 times in the HNI category.
Which will have more profit?
The last GMP of DAM Capital Advisors IPO is Rs 160 per share, which is 60.07% of its price band. Whereas the last GMP of Mamata Machinery IPO is Rs 260 per share, which is 107 percent of the price band.
(Note- Before purchasing any share, take the help of a financial advisor.)
