5 companies to launch their maiden IPOs on December 19

Mumbai: Five companies-DAM Capital, Transrail Lighting, Sanathan Textiles, Concord Enviro Systems and Mamata Machinery-will launch their maiden initial public offerings (IPOs) on Thursday, December 19, for public subscription. All five IPOs will close on December 23.

Investment bank DAM Capital Advisors aims to raise Rs 840 crore through its IPO, which is entirely an offer-for-sale (OFS) by the promoter and existing investors. The price band for the issue has been set between Rs 269 and Rs 283 per share.

Transrail Lighting has fixed its price band at Rs 410 to Rs 432 per share for its Rs 839-crore IPO. The IPO consists of a fresh equity issue worth Rs 400 crore and OFS of 1.01 crore shares by promoter Ajanma Holdings.


Sanathan Textiles' IPO will comprise a fresh issue of up to Rs 400 crore and an OFS of up to Rs 150 crore. The price band has been set at 'Rs 305 to Rs 321 per share.

Concord Enviro Systems plans to raise Rs 500 crore, with the price band fixed between '665 and ' 701 per share. The IPO comprised a new issue of Rs 175 crore along with an offer for sale of 0.46 crore shares.